1979

In 1979, Raleigh acquired and transformed a failed retirement community into the Westwood Marquis, one of LA’s earliest Grand-Luxe, European-style hotels.  The hotel became the inspiration for a host of new and rebuilt luxury hotels in the Los Angeles market.

At the end of the 1970s, Raleigh also pursued several projects in NYC. It purchased and rebuilt a luxury townhome on E. 64th Street in Manhattan for resale, put the Lowell Hotel in escrow, and flipped the contract at a significant profit.