First Quarter 2012 Miami Continues to Appeal to Hotel Investors
The Third Quarter 2011 Florida Newsletter highlighted the fact that Miami's hotel sector was displaying very strong market indicators. The investor and market participant sentiment was positive and both debt and equity investors were bullish on Miami – and for good reason. Year-end 2011 RevPAR (revenue per available room) for hotels throughout Miami-Dade County surpassed the 2007 benchmark, or what is generally regarded as the peak of the market.
The Third Quarter 2011 Florida Newsletter highlighted the fact that Miami's hotel sector was displaying very strong market indicators. The investor and market participant sentiment was positive and both debt and equity investors were bullish on Miami – and for good reason. Year-end 2011 RevPAR (revenue per available room) for hotels throughout Miami-Dade County surpassed the 2007 benchmark, or what is generally regarded as the peak of the market. The Miami Beach, Downtown/Brickell, and the Airport markets, specifically, performed strongly and are poised to have another great year. Miami has established itself as a gateway hospitality market and is favorably viewed by conservative debt investors who are ready and willing to make loans on existing and proposed hotel assets in the market area.
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