Archives: Hospitality

Subscribe to Hospitality RSS Feed

Miami Hotel Outlook for 2014

Attracting International Travelers The economic outlook for the Miami hotel market continues to be positive for 2014. Many expect strong demand and continued growth in the hospitality sector due to increasing numbers of international travelers. With new flight routes planned at the Miami International Airport and a variety of special events scheduled throughout the year, … Continue Reading

Happy Holidays to All Our Readers!

It’s hard to believe that 2013 is already drawing to a close – the year in New Miami flew by in a whirlwind of development as new plans were announced and projects took shape. From rail, seaport and airport expansion to the buzzing arts and cultural scene, New Miami continued to grow. We celebrate our … Continue Reading

Soccer at the Seaport?

Should a soccer stadium be built at the Port of Miami?  Soccer superstar David Beckham and his investment team have identified the southwest corner of the Port as a potential stadium site for a new Major League Soccer franchise. Sports enthusiasts hail the waterfront site with its stunning views of downtown as the perfect place … Continue Reading

Miami-Dade County Retail Industry Expands Amidst Increasing Demand

Along with the condo market and the hospitality industry, the retail sector in Miami-Dade County has bounced back from the downturn, and developers and retailers are scrambling to expand existing shopping centers and build new centers in emerging markets such as the Design District, north of downtown Miami.  As Terranova Corp., a Florida real estate … Continue Reading

New Miami in the News: Weekly Recap

This week in New Miami news, don’t miss the renderings of developer Jeff Berkowitz’s Skyrise Miami, a sleek 1000-foot observation tower that would become Miami’s tallest building. Channel deepening project begins at PortMiami Deepening the shipping channels will allow megaships to cross the expanded Panama Canal beginning mid-2015. Resident influx feeds rising condo towers With … Continue Reading

New Miami in the News: Weekly Recap

This week, David Beckham, Art Basel, MIA and a Global Diversity Summit all made headlines. David Beckham chooses Miami to build his soccer empire According to reports, the international soccer icon’s MLS franchise team will be located in Miami. As passenger numbers rise, Miami International Airport adds more venues, flights MIA continues to expand with … Continue Reading

New Miami Breakfast Series – Real Estate Financing Highlights

I recently had the pleasure of moderating the latest installment of the Bilzin Sumberg New Miami Breakfast Series – “The Return of Real Estate Financing: Passing Trend or Here to Stay?” During our lively discussion, which featured an expert panel of industry leaders (listed below) and a packed audience of business and community leaders, several … Continue Reading

Hotel Transactions in Miami Still Simmering

As Suzanne Amaducci-Adams wrote in a previous blog post, the average daily occupancy rate, average daily room rate (ADR) and revenue per available room (RevPAR) numbers for Miami each had a significant increase for the first seven months of 2013 over 2012. As you can see in the chart below, Miami is in outstanding company when … Continue Reading

HVS Miami Report: Miami’s Leap To Global Gateway Status

Andrew Cohan, Vice President of HVS Miami, a hospitality driven mixed-use real estate consulting and valuation firm, recently co-authored his firm’s Autumn 2013 Florida Newsletter entitled “Miami’s Leap to Global Gateway Status.”  The report provides a detailed and interesting look at how Miami hotel values went from national average to almost four times the national average … Continue Reading

New Miami in the News: Weekly Recap

This week, floating cities, art galleries and the upcoming long weekend’s impact on hospitality made headlines. Here are 5 New Miami highlights from the news this past week. Floating city for Biscayne Bay? Miami Today reported that a Dutch developer is considering Biscayne Bay as the site for a $200 million floating island development with luxury housing, offices, … Continue Reading

Miami Hotel Market Update: RevPAR Up, Occupancy Up, ADR Up

CBRE Hotels, one of the hospitality industry’s leading full-service real estate groups, recently published its Summer 2013 report on the latest hospitality trends in Miami. The “Miami – Hotel Market Update” brings good news, with notable highlights including the following: Miami once again ranked among the strongest hotel markets in the nation, behind only New … Continue Reading

Thank You For Joining Us For Our New Miami Breakfast Series | Hospitality

Thursday, June 13, 2013 8:00 AM – 10:00 AM 1450 Brickell Avenue, 23rd Floor Miami, FL 33131 Thank you for joining us for the second installment of the New Miami Breakfast Series. Hospitality: A Bird’s Eye View of Miami and Beyond Miami is one of the most active hotel investment markets in the country and … Continue Reading

InterContinental Miami Hotel: Evolving Alongside Miami as it Comes-of-Age as a World Class City

This is a guest post by Robert Hill, General Manager of the InterContinental Miami, one of the city’s longest standing hotels in the heart of its urban core. With ties to international trade and commerce, increased sophistication, entertainment and culinary excellence, and its renewal as a domestic and international tourist destination, Miami’s hospitality market is … Continue Reading

Size Does Matter: Jumbo Lending Up in South Florida

Jumbo loans (loans above conforming loan limit of $417,000 in Miami-Dade and Broward Counties) increased by 31% year-over-year in 2011 to 3,782 jumbo loans originated in South Florida.  This accounted for nearly half of the overall home loan growth according to Compliance Technologies’ database of Home Mortgage Disclosure Act (HMDA) filings.  Jumbo Loans More Appealing … Continue Reading

Three Florida Homeowners and Condo Associations Bills Passed by the 2013 Legislature

Three condominium and homeowners bills were passed by the Florida legislature: House Bill 73, Senate Bill 120, and House Bill 7119. One of the bills, Senate Bill 120, is currently before the Governor for review. Two of the three bills (HB 73 and HB 7119) inserted the Division of Florida Condominiums, Timeshares and Mobile Homes (“Division”) into the governance of … Continue Reading

Chapter 11 Filings Decrease in South Florida, Nationally

Chapter 11 filings in the Southern District of Florida continue to trend downward.  Since 2010, annual chapter 11 filings have declined by about 25%.  The decline is consistent with the national bankruptcy experience. Variety of factors contributing to decline in filings To some extent, the current low filing rate is attributable to a robust local economy, … Continue Reading

South Florida Law Firms Team Up In Support of United Way of Miami-Dade

The Bilzin Sumberg Dodge Squad is getting set to square off against three other South Florida law firms in an upcoming dodgeball tournament to raise funds for the United Way of Miami-Dade.   On March 13, we will vie for the title of Dodgeball Champion 2013 alongside Akerman Senterfitt, Carlton Fields and Greenberg Traurig at 5:30 … Continue Reading

Thank You For Joining Us For Our New Miami Breakfast Series

Thank you for joining us for the inaugural session of the New Miami Breakfast Series. Public-Private Partnerships: Why They Are Growing in Popularity and Their Impact on South Florida The most flexible relationship between the government and a private contractor is a public-private partnership, commonly referred to as a P3, in which government and the … Continue Reading
LexBlog