---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-23-016051"
form_type: "8-K"
ticker: "RH"
cik: "0001528849"
company_name: "RH"
filed_at: "2023-09-26T23:59:59+00:00"
generated_at: "2026-06-10T08:39:43.541381+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# RH's proposal not recommended for One Ocean Drive Miami Beach RFP

## Summary
- RH proposed $150-$170M site improvements, $50M public benefits, $333M minimum rent to the City.
- Proposal was not recommended for selection; RH remains willing to engage further.
- RH notes ongoing litigation, upcoming elections, and 2.5-year lease left for current operator.
- RH's $6M upfront payment was only true upfront payment not credited to future rent.
- Annual tax revenues estimated at $1.65M in year one, net positive economic impact near $500M.

## SEC filing metadata
- accession: 0001558370-23-016051
- form_type: 8-K
- ticker: RH
- cik: 0001528849
- company_name: RH
- filed_at: 2023-09-26T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1528849/000155837023016051/0001558370-23-016051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1528849/000155837023016051/rh-20230926x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-016051
- JSON: https://secwatch.observer/filing/0001558370-23-016051.json
- Plain text: https://secwatch.observer/filing/0001558370-23-016051.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.