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Downtown Miami: An International Hospitality Destination

by | May 01, 2016
Downtown Miami’s improved public transit and surging population are attracting major hotels to the area. Four new hotels will open in downtown Miami by 2018. The developments are further signs of downtown’s transformation into one of America’s top metropolises, a place where world travelers can be in close proximity to art and culture.

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Maria G. Juncadella, CCIM, MBA
2016 Commercial President
MIAMI Association of Realtors®

Downtown Miami’s improved public transit and surging population are attracting major hotels to the area. Four new hotels will open in downtown Miami by 2018. The developments are further signs of downtown’s transformation into one of America’s top metropolises, a place where world travelers can be in close proximity to art and culture.

The new Langford hotel and ME Miami, which is part of Spain’s ME by Meliá brand, will open in downtown this spring. A 250-room Yotel hotel and Miami Worldcenter’s two-tower hotel with 1,700 rooms have plans to open in the coming years.

Downtown’s public transit, cultural institutions and growing population are encouraging many of these developments. Miami’s Metrorail Orange Line now takes travelers from the airport to downtown. Also, All Aboard Florida is building a Miami Central downtown station, which will run 32 trains a day to Orlando with stops in Fort Lauderdale and West Palm Beach by 2017.

The new downtown hotels will be in close proximity to world-class art and culture. Downtown has the Adrienne Arsht Center for the Performing Arts and a new waterfront art museum. A new science museum will open later this year.

Downtown’s growing population is a chief impetus for the development. The number of downtown residents grew from 40,000 to 80,000 from 2000 to 2015, according to the Miami Downtown Development Authority. Most of the growth is coming from millennials. Residents ages 25 to 44 comprise half of the downtown’s population.

The investments in Miami’s urban core are bolstering South Florida’s already strong tourism industry while encouraging more international and domestic consumers to relocate to one of America’s most dynamic cities.

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