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Is it Time to Unload Miami Beach Assets?

MIAMI— “It has been a beautiful ride since the valley of 2009, but…”

By Jennifer LeClaire | jenniferleclaire | Updated on April 14, 2016

Is it time for Miami hotel owners to cash out? Andrew Cohan, managing director of Horwath HTL's Miami office, has a strong opinion. Is it time for Miami hotel owners to cash out? Andrew Cohan, managing director of Horwath HTL’s Miami office, has a strong opinion.

MIAMI—Is it time for Miami hotel owners to cash out? Andrew Cohan, managing director of Horwath HTL‘s Miami office, has a strong opinion.

In response to the recent Thompson Miami Beach sale, Cohan tells GlobeSt.com the brilliance of the asset-light strategy many hospitality management companies are taking is spotlighted in the Thompson deal As he sees it, a CEO should not have to choose between stunting the growth yet again of a well-liked brand, such as Thompson, in exchange for an opportunistic market-cycle-based transaction.

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