Hotelier Chris Blackwell, whose company owns the Leslie at 1244 Ocean Drive, plans to use the sale proceeds to renovate another property, the 126-room Governor Hotel at 435 21st St., near the Miami Beach Convention Center. FKS Realty Group is marketing the Leslie.
Although average hotel occupancy in Miami Beach declined 1.7% to 65.2% in 1999, the average daily room rate was $126.25, up $15 from the previous year, according to the Greater Miami Convention and Visitors Bureau.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
