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Miami Hotel Market Set For 250% Surge in Investor Interest

MIAMI-JLL expects underrepresented brands to explore investment opportunities on Miami Beach this year, even as foreign investment continues.

By Jennifer LeClaire | Updated on March 01, 2011

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.

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