MIAMI—Strategic Hotels & Resorts is investing $30 million into The InterContinental Miami. The upgrades on the 34-story iconic hotel will debut this fall.

The timing is excellent, given the state of Miami's hospitality market. Indeed, the hotel upgrades come as Miami gains ground as a destination for visitors from around the world. Passenger traffic at Miami International Airport was up nearly 7% in the first half of 2012 and total passenger arrivals are expected to eclipse 40 million this year for the first time, according to the Miami-Dade Aviation Department.

GlobeSt.com caught up with Robert Hill, general manager of InterContinental Miami, to get his take on Miami's hospitality market, how it compares to other markets nationally, and some of the largest success factors. Hill also shares more about InterContinental Miami's recent investment.

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