Market For Miami Hotels For Sale Within Miami Beach Experiences A Real Estate Boom In 2012
A real estate boom has been seen once again as the market for Miami hotels for sale has seen a serious spike in activity over the last couple of months with small to mid-sized hotels being the main spectacle for investors within the region, particularly in the city of Miami Beach.
Miami has always been one of the most highly profitable locations within the United States since it receives millions of visitors each year — most of which are looking to experience the fabulous lifestyle that is made possible within the region that offers a superb range of world-class beaches which are located along the Atlantic coast of the South Florida region.
In June 2012, the $85 million development of the SLS South Beach Hotel was seen along Collins Avenue while the developer and owner of the W South Beach teamed up with the SLS Group in buying the Raleigh Hotel, also located on Collins Avenue, for a value of $55 million.
Also within the city of Miami Beach, the Royal Palm Hotel was sold for a value of $130 million and is going to be renamed the James Hotel. Another case similar to theirs involves the Gansevoort Hotel which was sold and decidedly renamed The Perry — to be managed by the Starwood Group.
There are other options such as the Delano Hotel which is in search for a buyer who will grant them the opportunity to continue managing the hotel even after the sale is made.
Seeing so much activity — sales, renovations, and more — within the region is sure to be taken as a positive indicator of the great potential that exists for investors who are looking for prime destinations within the country today. People who are looking for the best opportunities will definitely find today’s selection of Miami hotels for sale to be superior options to consider, especially since these investment options are located in a region that is consistently found to be in the top ten vacation options in the world today.
People will often seek locations that have the same cultural diversity that is present within the region, offers the multitude of culinary delights as the region does, and is as engaging and unique as the region is. If investors decide to invest in Miami hotels for sale, there is definitely a lot of positive growth to look forward to, especially as experts believe that things are only just getting started for the region.
If you would like to find out about the different real estate opportunities that await you within Miami, you should contact a professional agent for more information.
Miami Hotels For Sale