Category: Miami hotel market

Blue Road buys Redbury South Beach for $32M, plans expansion

The Redbury South Beach, Inset: Jorge Savloff, Marcelo Tenanbaum and Alejandro Viel Temperley A company tied to Heyat Hospitality Group sold the Redbury South Beach Hotel on Collins Avenue for $32 million to Blue Road, which plans to expand the property. Blue Road, led by principals Jorge Savloff, Marcelo Tenenbaum and Alejandro Viel

Airbnb driving down occupancy, revenue at Miami hotels: Moody’s

Miami Beach and Airbnb founders Joe Gebbia, Nathan Blecharczyk and Brian Chesky Airbnb is driving down occupancy and revenue at Miami area hotels, according to a recently released Moody’s Investors Service report. Miami ranks as the nation’s third largest market for Airbnb, with 11,348 listings as of Sept. 12. Only