My Saved Properties   
1-305 673 3303     Email    


ICM Realty

Miami Hotel Market - Miami Beach Hotels for Sale

Thursday, October 18, 2012

2011 Miami Hotel Market: Miami Beach hotels for sale


Confirmed by the 2011 year-end RevPAR (revenue per available room) of more $159, Miami Beach hotels for sale are amongst the most sought after properties in the commercial real estate market throughout the country. According to data from Smith Travel Research, when compare to the top 25 hotel markets in the country, the Miami hotel market ranks second just behind New York City. The consistently strong RevPAR performance by hotels in Miami Beach along with the future outlook of the submarket, it is no wonder investors are scrambling for opportunities to either buy Miami Beach hotels for sale or by developing one from the ground up.

The Miami International Airport in particular, is one of the biggest factors driving the night demand per room throughout Miami, particularly the Airport/ Civic Center area and the Doral submarkets. Developers are aware that these two submarkets habitually post some of the highest occupancy levels in the Miami-Dade area. In 2011, the Airport/Civic Center had an annual occupancy level of 82.1% and the Doral submarket achieved 81.0%.

Based on a large amount of data, interviews, and Miami hotel market studies performed, it’s concluded that there is a significant level of unaccommodated nightly room demand in submarkets. This conclusion is confirmed by the industries general guideline that implies unaccommated room night demand is present in a competitive market that has annual occupancy levels above 70%.

 


Home | Featured Properties | Commercial Buy | Commercial Sell | News | MLR Realty | Contact Us | Links
Invest Commercial Miami, LLC Copyright 2006

Miami vacation rentals | Miami Beach vacation rentals | Mt Tremblant Quebec Vacation Rentals
Web design and search engine optimization by Miamiwebmarketer.com