MIAMI-After struggling through the downturn, Miami’s hotel market is starting to return to health. Indeed, as a key international gateway market, Miami is attracting investor interest once again.

So says Jones Lang LaSalle’s Hotel Intelligence Miami report. In fact, hotel transaction volume in the Magic City topped $210 million in 2010, a 40% increase over 2009. And the numbers for 2011 are even more impressive. JLL estimates a 250% uptick in 2011 transactions is possible.

“Miami’s hotel fundamentals are improving notably and prospects for the city’s investment market are solid, which will lead to increased transactions activity in 2011,” says Gregory Rumpel, executive vice president for Jones Lang LaSalle Hotels. “Based on the hotel properties that are in various disposition stages, we expect deal volume in Miami to amount to as much as $750 million in 2011, representing an increase of up to 250% on 2010 levels.”