The hotel boom in Miami and Miami Beach

From the South Florida Market report: As the greater Miami condominium market sees an unprecedented sales spree, the area’s hotel sector has experienced similar gains. And it’s not just the traditional vacation destination of Miami Beach that is thriving; downtown Miami is also reaping the benefits.

The growth of downtown Miami’s hotel sector in the last two to three years has transformed an area once home to economy hotels into a legitimate competitor to Miami Beach and given Miami-Dade County not one, but two robust hotel markets. [more]