COVID-19 Hit to South Florida Hospitality, Retail Spells Distressed Real Estate Opportunities
The coronavirus pandemic has pummeled hospitality and retail, but the bust may be a boon for investors who can scoop up discounted real estate.
The multifamily investor Estate Cos. couldn’t bypass a Hialeah hotel discounted 20% in the coronavirus-created hospitality nosedive, an historic decline making the market ripe for distressed real estate deals.
Daily Business Review. 2020.