Miami's Leap to Global Gateway Status

Many articles have appeared in the lodging and commercial real estate trade press this year about the surge of strength displayed by the Miami and Miami Beach hotel and residential real estate markets. A look at hotel transaction trends confirms that a transition has taken place. As measured by the HVS – STR Hotel Valuation Index (HVI) on a price per key basis, Miami began the century ranked fifth of the five major metro market areas in...