Miami hotels, a profitable investment for those who have jumped into the market over the past few years, are about to get even hotter.
That’s a conclusion offered in a report by Miami-based law firm Akerman, which cites an expected 45 percent increase in the hotel development pipeline for this year. The report said an average hotel occupancy of 78.6 percent in the Miami area last year is expected to surpass 80 percent. Overall, that should lead to an industrywide increase in hotel revenue of 7.4 percent.
