Kroll Bond Rating Agency Releases CMBS Research: Lodging PropertyBeat – Miami Update

NEW YORK–(BUSINESS WIRE)–Kroll Bond Rating Agency (KBRA) today released a report summarizing its views on the greater Miami lodging sector. The performance of the Miami lodging market continues to decline after posting record RevPAR levels in 2015. Visitation levels were impacted in 2016 by several factors including additions to supply, economic and political woes in Latin America, a strong US dollar, and concerns about the Zika virus. There were 3,296 keys under construction in the Miami are