The U.S. hotel industry is in for all-time record levels of occupancy through 2017—if PKF Hospitality Research’s forecast plays out. For 2015, the research firm is predicting increases in demand (+2.6%), occupancy (+1.3%), average daily rate (+5.7%) and revenue per available room (+7.1%), among other metrics. Supply is also set to increase by 1.2%.
Miami’s Aria Development Group is partnering with Kuwait Real Estate Company AQARAT to build a 40-story hotel and residential tower in downtown Miami.
New York- and Miami-based Aria Development Group plans to develop a mixed-use tower in downtown Miami.
Enrique Norten and his firm TEN Arquitectos are rampaging through Miami, snapping up commissions for expensive-as-hell housing left and right (and possibly losing one). 321 Ocean, another boutique South-Of-Fifth oceanfront pile of mansion-sized condos stacked on top of each other, which was approved by the city back in July, is now in marketing mode, with…