The news that hotels in Miami had an excellent first quarter in 2013 is even more proof that the economy must be rebounding. Here's hoping we continue to hear more and more news like this from around the globe.
Hotel experts are expecting investors to place nearly $750 million of capital into the Miami market this year.
The investment of capital is a 12 percent increase form last year, according to Jones Lang LaSalle’s Hotels and Hospitality Group.
The firm said more than $600 million of investments went into Miami’s hotel market in 2012, and so far the first quarter this year has already outpaced 2012 levels with an increase in lodging demand by nearly 5 percent.
“During the last decade Miami has expanded its infrastructure, built strong ties to international trade and positioned itself as an international tourist destination.