The developers just opened the Moxy Hotel on South Beach two weeks ago. Hochberg says business has far exceeded their expectations.
“The hotels that we have in New York are running 20 to 30% occupancy, and if you look at the hotels in Miami, they are running 90 to 100% occupancy.”
Commercial real estate also appears to be experiencing a boom. Real Estate Broker Felix Bendersky said he shows properties to about a dozen groups a day.
The interest isn’t only coming from New York, he said it s also coming from Canada, Moscow, and Los Angeles. “It’s been the busiest year on record strictly because of the amount of out of state business we are getting,” Bendersky said.