http://www.miamiherald.com/103/story/994523.html
Who? Gregory Rumpel
When?Monday, 04.13.09
What? One of the first things Louis Taic did when he bought an Ocean Drive hotel was move it to Collins Avenue.
Where?South Beach
Why?''We are in deep financial doo-doo,'' Taic said of a global economy forcing hotels across South Florida to roll back their ambitions. ``If we're not going to react to the reality out there, we're going to go under.''
How?But with room revenues down 18 percent in Miami-Dade County this year, Taic now has more modest ambitions. In January he quietly turned over management of the hotel to Crowne Plaza, a brand one notch below luxury on the lodging scale
No comments:
Post a Comment