Previous Hyatt Resorts President Purchases Palm Beach front House For $6M

Ed and Jackie Rabin with 505 South County Highway, Palm Beach front (Patrick McMullan/Getty, Google Maps)

Ed Rabin, the former president of Hyatt Hotels Corp., is shifting counties: He purchased a Palm Seaside home for $5.6 million, a person thirty day period after advertising his apartment in South Beach.

Data clearly show Edward W. Rabin, separately and as trustee of a rely on in his identify, acquired the house at 505 South County Street in Palm Beach from George S. Mann and Carla Harrod. Mann acted separately and as a trustee of The Land Believe in No. 1.

Rabin and his wife, Jackie Tyler Rabin, bought their unit at Apogee in Miami Beach in March for $7.5 million.

Ed Rabin started functioning at Hyatt Hotels Corp. in 1969. He served as president till 2006. At this time, he is on the board of administrators of Sally Beauty Holdings, according to its web page.

Mann is a Canadian businessman and previous director of The Lincoln Discounts Lender in New York, in accordance to files from the U.S. Workplace of Thrift Supervision. He bought the Palm Seaside household in 2002 for $1.8 million, data clearly show.

The property was to start with outlined in 2019 asking $5.8 million. The most current inquiring cost was $5.9 million in December.

Dana Koch with the Corcoran Team represented the sellers, and Christian Angle of Christian Angle Genuine Estate represented the customers.

Property information show the two-story property has two bedrooms and 3-and-a-fifty percent bathrooms. The 3,378-square-foot property was developed in 1950. The backyard, experiencing the Everglades Club golfing training course, has a pool.

Other current household product sales in Palm Beach include Frisbie Group, a Palm Seashore developer, advertising a freshly developed townhome for $26.1 million the widow of just one of former President Franklin D. Roosevelt’s grandchildren advertising a home for $14.1 million and Sean Hannity getting an oceanfront townhouse for $5.3 million.