Week of July 2, 2009
FIVE MONTH FALLOFF: For the first five months of 2009 Miami ranked third in hotel occupancy at 70.4% among the top 25 US markets and second in average daily room rate at $163.52, according to Smith Travel Research. However, the occupancy was down 14.7% and the room rate down 13.6% from the same period in 2008. By comparison, New York City was down 10.6% and 22.9% in the same categories. PRETTY PEDESTALS: Before Miami approves replacing 13 Clear Channel Outdoor billboards with three LED signs, the advertiser must come up with more attractive options for display structures, city commissioners say. "We should mandate, if we're going to allow billboards, that billboards be aesthetically pleasing" said Marc Sarnoff at last week's meeting. He also suggested increasing the minimum distance between signs from 600 feet to 1,200. MONEY MAKERS: Faced with the residential real estate glut, Midtown Miami is hoping to bring in more commercial space through a clarification: Midtown's mixed-use zoning is not limited to residential or live/work use. The proposal is to come before the July 23 Miami City Commission meeting. City Manager Pete Hernandez said that change would essentially "facilitate further development of the sites" and provide flexibility. CHANGING HANDS: Art Miami, which celebrates its 20th anniversary this year, is to be sold by Summit Business to Art Miami LLC, according to a press statement by an outside public relations firm. Art Miami LLC owners Mike Tansey and Brian Tyler, as well as fair director Nick Korniloff, declined to comment pending completion of the deal. The fair is scheduled Dec. 2-6 in the Midtown Miami Arts District. Details: www.art-miami.com. |
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