An aerial view of closed 258-key Ramada at 1950 W. 49th St. in Hialeah. Courtesy photo COVID-19 Hit to South Florida Hospitality, Retail Spells Distressed Real Estate Opportunities
The coronavirus pandemic has pummeled hospitality and retail, but the bust may be a boon for investors who can scoop up discounted real estate.
September 14, 2020 at 06:00 AM
10 minute read
The multifamily investor Estate Cos. couldn't bypass a Hialeah hotel discounted 20% in the coronavirus-created hospitality nosedive, an historic decline making the market ripe for distressed real estate deals.
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