This week in Florida saw some interesting news come out in the hotel market. Central Florida commercial real estate flow was especially strong this week.
BY THE NUMBERS
In the aftermath of Hurricane Irma, statewide hotel occupancy will move up amid recovery efforts. As a result, the average daily rate will climb 5.6% to $140.88 and drive a 10% increase in RevPAR to $105.04. Occupancy and revenue metrics should adjust back to normal levels by next year. (Source: Marcus & Millichap)
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