Archives: Hospitality

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Happy New Year from Bilzin Sumberg

Only a week into 2013, and the new year in Miami is already off to a bright start. The Miami Herald expects cranes to begin popping up along the skyline in the first and second quarter as construction of new condos gets underway. It is anticipated that the construction sector, after posting 62 consecutive months … Continue Reading

Survey Reveals Cautious Optimism About Miami’s Economic Future

We are pleased to announce that the results of our New Miami Investment Survey are out. Click to Download SurveyTo assess what other business leaders are thinking about the pace and nature of economic recovery in South Florida, we commissioned The Bilzin Sumberg New Miami Investment Survey. 200 top executives in the community provided their … Continue Reading

Art Basel: Miami’s Cultural and Economic Gem

From December 6-9th, Miami hosts the 11th edition of Art Basel, the most prestigious art show in the Americas. More than 260 leading galleries from around the world will take part, showcasing works by more than 2,000 artists of the 20th and 21st centuries. As art collectors, celebrities, artists and journalists descend upon Miami for … Continue Reading

Demand Outpacing Supply in Downtown Miami as Foreign Investment and Urban Living Trends Continue

This is a guest post by Alyce Robertson, Executive Director of the Miami Downtown Development Authority. Demand for condo sales and rentals slated to exceed supply We have been tracking condo sales and rental activity in downtown Miami since the market bottomed out three years ago, and what we are seeing is a clear trend … Continue Reading

Miami Developers Continue to Create a Vision for the Future of Brickell

The Related Group continues to be active in the Miami real estate market. The Daily Business Review reported last week on Related’s recent purchase of the Infinity II property, located at 1300 S. Miami Ave for $18.5 million. The purchase by Related, a company known for developing Brickell’s Icon and 500 condo buildings, shows that … Continue Reading

New Miami Mid-Price Hotel Projects Target Business Travelers

Downtown Miami is well served by high end hotels like the Four Seasons, the Conrad and the JW Marriott. What the downtown area currently lacks are medium-tier urban-concept hotels which can provide the amenities business travelers need without the high prices of a five-star hotel. Enter two new exciting projects to fill the void for … Continue Reading

Impact of Lehman Collapse on South Florida’s Hospitality and Tourism Industry

Study Indicates Economic downturn more detrimental than 9/11 The economic downturn– which peaked on September 15, 2008 with the bankruptcy filing by Lehman Brothers– touched every corner of our world in unique and significant ways, including South Florida’s hospitality and tourism industry. Remarkably, studies are now revealing that the effect of Lehman’s collapse on South … Continue Reading

Miami Hotel Market: 2013 Outlook Promising

As a speaker at the Cornell Hotel Society South Florida Chapter’s “Fourth Annual South Florida Lodging Outlook” seminar at the Conrad hotel in Miami last week, I had the pleasure, along with Max Comess of HFF Hotel Group, of delivering the good news: The outlook for the 2013 Miami hotel market is promising. Market data based … Continue Reading

Foreign Investors Buying Miami Commercial and Residential Properties

Buyers, both domestic and foreign, are capitalizing on Miami’s continuing commercial and residential investment opportunities. Recent details of new deals and reports reaffirm that Miami is still where everyone wants to be. The Van Dyke Café’s New Landlord The Van Dyke Café, located in the 1924 iconic Van Dyke building originally developed by Carl Fisher and … Continue Reading

Miami Beach and Luxury Hotel Market – A Sizzling Combination

When you think of great combinations in Miami Beach, you think of classics, both new and old, like perfect weather and perfect bodies, the Fontainebleau Hotel and the Rat Pack, Ocean Drive and Art Deco, pasty unprotected skin and blistering sunburns, café and Cubano, the Miami Heat and world championships, world class boating and low … Continue Reading

Miami Ranked in Top 3 U.S. Hotel Markets

With Miami’s sandy beaches, cultural sophistication and international exposure, it is no surprise that the city has positioned itself in 2012 as a sought-after domestic and international tourist destination. Miami is outperforming national averages and standing out as one of the top markets for hospitality in the U.S. According to data assembled by Smith Travel … Continue Reading
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