Previous Hyatt Hotels President Purchases Palm Seaside Property For $6M

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

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

Ed Rabin, the former president of Hyatt Motels Corp., is shifting counties: He acquired a Palm Seaside property for $5.6 million, one month right after advertising his rental in South Beach.

Information show Edward W. Rabin, independently and as trustee of a have faith in in his name, acquired the home at 505 South County Highway in Palm Beach front from George S. Mann and Carla Harrod. Mann acted individually and as a trustee of The Land Have faith in No. 1.

Rabin and his spouse, Jackie Tyler Rabin, sold their unit at Apogee in Miami Beach front in March for $7.5 million.

Ed Rabin began working at Hyatt Inns Corp. in 1969. He served as president right up until 2006. Presently, he is on the board of directors of Sally Beauty Holdings, in accordance to its web site.

Mann is a Canadian businessman and former director of The Lincoln Savings Financial institution in New York, in accordance to files from the U.S. Office environment of Thrift Supervision. He acquired the Palm Beach front home in 2002 for $1.8 million, data exhibit.

The home was initially shown in 2019 asking $5.8 million. The most current inquiring value was $5.9 million in December.

Dana Koch with the Corcoran Group represented the sellers, and Christian Angle of Christian Angle Real Estate represented the customers.

House documents exhibit the two-story property has two bedrooms and a few-and-a-fifty percent bogs. The 3,378-square-foot property was created in 1950. The yard, dealing with the Everglades Club golfing training course, has a pool.

Other current household income in Palm Beach front include Frisbie Group, a Palm Beach developer, offering a recently constructed townhome for $26.1 million the widow of 1 of previous President Franklin D. Roosevelt’s grandchildren marketing a dwelling for $14.1 million and Sean Hannity shopping for an oceanfront townhouse for $5.3 million.