WhereDaily News: HFZ Capital Group Acquires Shore Club South Beach

NEW YORK, NY--(Marketwired - Jan 7, 2014) - Ziel Feldman, Founder & Managing Principal of HFZ Capital Group ("HFZ"), the real estate investment and development company based in New York City, announced today that, in conjunction with an affiliate of Fortress Investment Group LLC ("Fortress") (NYSE: FIG), HFZ has purchased The Shore Club South Beach ("Shore Club"), the luxury, boutique resort property prominently located at 1901 Collins Avenue in Miami Beach, Florida. Philips International will continue to be involved with the new ownership group.

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