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The Real Deal Miami

More hotel spending expected in Miami

February 25, 2011 11:56AM

Miami could be a hot spot for potential hotel investors this year,
according to hotel investment services firm Jones Lang LaSalle Hotels.
The firm says deal volume in the Miami area could reach $750 million
this year, a 250 percent jump over 2010. “We feel there’s a lot of money
out there that’s chasing hotel deals, but they’ve got to be good
markets,” said Fernando Garcia-Chacon, executive vice president for
Jones Lang LaSalle Hotels in Miami. “And Miami’s got to be one of them.”
[Miami
Herald]