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Sonesta Mikado Set to Start Construction

MIAMI-Its developer believes the 252-room hotel will open in time for a tourism rebound.

By Carl Cronan | Updated on May 15, 2009

(Carl Cronan is editor of Real Estate Florida.)

MIAMI-Locally based Florida East Coast Realty will start construction in June on the 252-room Sonesta Mikado hotel overlooking Biscayne Bay. The 40-story structure, designed in a style reminiscent of classic Japanese buildings, is scheduled to open sometime in the latter half of 2011.

Tibor Hollo, FECR chairman and president, says he is confident that South Florida’s currently depressed tourist market will rebound by the time the hotel is completed. “I’ve been in this business 60 years, through nine downturns,” Hollo tells GlobeSt.com. “This one is stronger than the others, but I believe in the next three years the market will be completely different.”

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