hotels Archives - Rava Realty

Hotels In Miami Are Performing Better Than Any Other Major U.S. Market During Covid

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Occupancy for the month of January was 54.5%, with an average daily room rate of $195.08. Both were the highest of any major market in the U.S. for the month.

In February, Miami continued to post the best number in the U.S.Occupancy was up to 75.8% in the third week of the month.

According to Travel Weekly, oceanfront hotels are doing particularly well, with most beach resorts reporting 80% to 90% on weekends. The numbers are particularly encouraging since ...

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Raleigh condo project approved at 175 feet.

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A key Miami Beach board approved a glassy condo near the Art Deco-style Raleigh Hotel in Miami Beach after the New York developer agreed to trim the height from 200 feet to 175 feet. The Miami Beach Historic Preservation Board voted to approve plans to restore and renovate the Raleigh and neighboring Richmond and South Seas hotels, in the 1700 block of Collins Avenue. The project is expected to cost $750 million.

(source: miamiherald.com)

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