MIAMI—For Florida hotels, it's the perfect storm. Hotel values have seen a robust recovery over the last few years, especially in the top Florida markets such as Miami, Miami Beach, Fort Lauderdale, Orlando, and Tampa, according to Rich Lillis, an executive vice president with Colliers International South Florida who advises clients on hotel and resort investment sales.
The question is how long will the hotel market stay white hot? Where does Lillis see the hotel market going in 2016? GlobeSt.com asked that question in the final installment of our exclusive interview series.
"Experts agree that the macro hotel cycle has at least a few more good years of sustained revenue growth, especially in Florida markets," Lillis tells GlobeSt.com. "
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