Hotels in downtown Miami have sprung up from the ashes of the recession, powering the city’s resurgence as a magnet for tourists and investors, Law360 reported.
There are 6,999 room across 31 properties, including the just opened b2 Miami and an Aloft outpost that will open this month, according to the Greater Miami & The Beaches Hotel Association.
“Ten years ago, it was a ghost town at night,” Blitzin Sumberg partner and hospitality group head, Suzanne Amaducci-Adams, told the website. “Miami has now become one of the top hotel markets in the country.”
The city also ranked as the top hotel destination in the entire country in March, Amaducci-Adams said, citing data from Smith Travel Research that found it at the top in terms of revenue per available room, average daily rate and an occupancy rate at more than 80 percent, about 20 points higher than the rest of the U.S.
A second SLS Miami location is in the works in Brickell and Chile’s Atton Hotels recently selected downtown Miami as the site of its first North American outpost. Several as-yet unannounced hotel deals are planned for South Miami Avenue, too, including two boutique hotels and a five-star development, Amaducci-Adams said. [Law 360] –Emily Schmall