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Miami Real Estate - Miami Real Estate news

Friday, July 13, 2007

The Catalina Miami Hotel buys the Dorset hotel next door!

The Miami commercial real estate market has been constantly growing the last few years. Nowadays, buying a commercial property in Miami Florida seems to be a logical investment for those interested in doing business in South Beach or Miami Beach.

The tourism industry, which has been developing for years, is in one of the most important ones in the city of Miami. Overall, the hotel industry has a leading roll in the commercial real estate market in Miami. For years, this industry has been buying old buildings and businesses to build new bright structures or to take advantage of condo conversion opportunities.

The Catalina South Beach Miami Hotel located at Collins Avenue in South Beach Miami, is the latest investment group to see expanding Miami commercial real estate opportunities. The Catalina Miami Hotel recently paid $10 million to acquire the Dorset Miami Hotel next door. Catalina South Beach hotel offers a sophisticated environment in the heart of Miami Florida for a reasonable price. It is also known for being a party place, so they are hoping that acquiring Dorset hotel will give them the chance to attract other kinds of guests.

This commercial real estate movement in Miami will give to the city of Miami Beach a new executive hotel ideal for business men that want to stay in Miami without paying too much. Dorset Hotel is going to be a 53-rooms building boutique hotel with a corporate style.

Visit again InvestCommercialMiami to find out the latest news of the Miami commercial real estate market.

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