Miami Condo-Hotels Replenish the Local Condo and Hotel Markets
Condo-hotels, hotels in which a portion of the guest rooms are converted into residences, have become all the rage in many urban markets, but nowhere are they hotter than in Miami.
Many market watchers see this combination of Miami condo-hotels as an enhancement to both the condo and hotel market. Miami condo-hotels "are classic examples of where all types of real estate migrate to their highest and best use to provide the highest and best return on invested capital."
Miami condo-hotels are refreshing older hotel inventory and providing much needed new inventory, plus they are providing new highly sought after Miami condos.
Miami condo-hotel developers are hunting for prime real estate near tourist attractions and are often demolishing older property to develop their Miami condo-hotels from the ground up.
Many market watchers see this combination of Miami condo-hotels as an enhancement to both the condo and hotel market. Miami condo-hotels "are classic examples of where all types of real estate migrate to their highest and best use to provide the highest and best return on invested capital."
Miami condo-hotels are refreshing older hotel inventory and providing much needed new inventory, plus they are providing new highly sought after Miami condos.
Miami condo-hotel developers are hunting for prime real estate near tourist attractions and are often demolishing older property to develop their Miami condo-hotels from the ground up.
