“Miami and Phoenix are two great examples of growing markets where year-end 2022 RevPAR has far exceeded 2019 performance by 24% and 19%, respectively,” said Melvin Chu, executive vice president of JLL Hotels & Hospitality Group.
February 21, 2023 at 04:47 PM
3 minute read
Florida Bureau Chief
Hotel sales in the U.S. have kicked off the year with record-breaking pricing in growing markets despite a slowdown in sales in the second half of 2022.
South Florida is one of those markets with a recent sale in Hollywood of the Diplomat Beach Resort as the third-largest single-asset sale in U.S. History.
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