Miami Hotels Set To See $750M In Investment, JLL Says

By Natalie Rodriguez (May 10, 2013, 3:54 PM EDT) -- Boosted by the city's improving transportation infrastructure and strong international trade, Miami's hotel market is set to continue its upward boom and will see about $750 million in investment activity this year, experts at Jones Lang LaSalle predicted Thursday.

The south Florida market already saw $200 million of hotel trades in the first three months of the year, and if JLL's predictions ring true, the activity for the whole year will be 12 percent higher than the $600 million worth of trades that Miami saw in 2012, according to a Thursday statement from the commercial real estate services firm.

"Miami's positioned...

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