“Occupancy was off the charts. Average daily rates were off the charts. Some of my hotel owners who had gone from crazy numbers like 9% occupancy were now full and at rate said they had never been able to charge before,” said Suzanne Amaducci-Adams, partner and head of real estate at Bilzin Sumberg in Miami.
September 13, 2021 at 06:00 AM
9 minute read
Florida Bureau Chief
The hospitality and retail sectors are making a comeback after 18 months of pandemic-related closures and a decrease in customers.
As the COVID-19 vaccine became more readily available nationwide and people began to feel more comfortable traveling, South Florida’s hospitality market was among the biggest beneficiaries as a resort destination that’s warm and drivable.
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