Miami hotels, a profitable investment for those who have jumped into the market over the past few years, are about to get even hotter.
That’s a conclusion offered in a report by Miami-based law firm Akerman, which cites an expected 45 percent increase in the hotel development pipeline for this year. The report said an average hotel occupancy of 78.6 percent in the Miami area last year is expected to surpass 80 percent. Overall, that should lead to an industrywide increase in hotel revenue of 7.4 percent.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
