Miami Hospitality Market Heats Up

Law360, New York (November 9, 2015, 11:56 AM EST) -- Suzanne Amaducci-Adams

Alexandra Lehson Some critics have voiced concern that too much new inventory is going to flood the Miami hospitality market and that too much of that new inventory is luxury. Since January of 2015, approximately 2,800 rooms have been added to the greater Miami hospitality market and approximately 2,000 more rooms are expected in the next 15 months[1]. However, upon closer inspection, in addition to new luxury hotels such as a second SLS Hotel coming to Brickell and a second Four Seasons Hotel in Surfside, many of these rooms are in currently underserved markets like Sweetwater, Doral and the...

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