Image via FORMULA 1 CRYPTO.COM MIAMI GRAND PRIX 2023
With just days to go before the start of the FORMULA 1 CRYPTO.COM MIAMI GRAND PRIX 2023 organizers are gearing-up for another spectacular weekend of action both on and off the race track. The 3.36-mile Miami International Autodrome is set to roar into life over the weekend of May 5-7, 2023 as it hosts round five of this year’s FIA Formula 1 World Championship.
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PROFILEmiami is pleased to present the next installment of PROFILEmiami’s highly-anticipated PROFILEconnect bespoke networking event series. PROFILEmiami is set to host an evening soirée of networking and cocktails, while hearing from the top developers and investors who are leaders in Miami’s hospitality real estate sector.
Immerse yourself in Miami’s indulgent hospitality and entertainment atmosphere for bespoke networking before listening to an engaging panel discussing the ‘Rise of Hospitality Real Estate in Miami’.
The relaxed and open setting provides an amazing opportunity to network with Miami’s top industry leaders and market makers, highlighted by Keynote Speakers hotelier Ronny Finvarb and moderated by legendary Miami-based architect Kobi Karp.
PROFILEconnect brings together Miami’s real estate industry and business professionals to network and connect outside of a business setting. PROFILEconnect is attended by Miami’s top investors, developers, business professionals, brokers, financiers, architects and designers. Guests will have the opportunity to network and share their experiences in South Florida through thoughtful discourse, while forging new relationships with industry leaders.
Why Hospitality Real Estate?
What is hospitality real estate? In real estate, hospitality consists of a wide range of product types including hotels, restaurants, luxury shopping centers, water parks, amusement facilities, golf courses and cruise ships. Miami-Dade has gained nearly 50,000 new residents over the past several years. This surge in population occurred alongside historic levels of domestic tourism, foreign arrivals to Miami International Airport increased by more than 70% in 2022 and visitor volumes at the Port of Miami improved nearly 5X that same period.
These factors spearheaded local consumer spending, which greatly benefited retail fundamentals. Miami Design District has evolved into one of the hottest and most visited shopping districts in the world, home to stores such as Louis Vuitton, Rolex, Chanel, Dior, etc. Many of the world’s top restaurants have also opened in Miami including Queen, CARBONE, Contessa, MILA, ZZ’s Club, Amal, Sofia, Avra, the list goes on and on.
This massive influx of travelers also jolted local hotel demand to unprecedented levels, with the total number of booked room nights now exceeding 17 million annually. Hotel revenues also rose by more than 20%, with the figure eclipsing $180 per available room late last year. Total occupied room nights are projected to exceed last year’s total, setting a new record.
Space is limited due to venue constraints, so buy your tickets soon before they sell out.
Who Should Attend: Developers, Investors, Brokers, Lenders, Architects, Lawyers, Designers, Wealth Managers, Financial Planners, CPAs and other Business Professionals.
Date: TBD
Where: TBD
Panelists:
Ronny Finvarb, Finvarb Group
Moderator: Kobi Karp, Kobi Karp Architecture & Interior Design
Demetri Demascus, Kobi Karp, Valerio Morabito, Scott Sherman & Katya Demina
On Tuesday, April 25th, PROFILEmiami teamed up with Oasis Wynwood, E11EVEN Vodka, Oak Row Equities, Kobi Karp, Torose Equities, Morabito Properties and Brick & Timber Collective to host PROFILEconnect: The Evolution of Wynwood From Arts District to Vibrant Global Tech Hub. PROFILEconnect is PROFILEmiami’s high-end bespoke networking event series, bringing together Miami’s real estate and business leaders for an evening soirée.
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SmartCity Miami LLC, an investment group led by Miami-based Terra and it’s CEO David Martin is set to acquire the former-Miami Herald headquarters development site for a record $1.225 billion from Genting Group. The investment group has finalized terms for the acquisition of the 15.5-acre site which features 800’ of direct frontage on Biscayne Bay, the closing is set to take place later this year.
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After a warm reception from patrons and gourmands, Queen Miami Beach has revealed one of her most-coveted hidden gems, nestled within her upper wing and peering into the grand dining room below. The intimate haven of glamour, design, and inimitable exclusivity is revealed as Queen Omakase, an exclusive eight-seat omakase bar led by third-generation sushi chef Max Kamakura.
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Developers PMG and E11EVEN Partners have signed a 10-year agreement with renewal options with Riviera Dining Group, the hospitality group behind MILA and Bâoli, to program new concepts at E11EVEN Hotel & Residences Miami, an ultra-luxury, dual-tower development located in Miami’s famed District 11. Located in the newly expanded entertainment destination, the Miami-based luxury hospitality company’s concepts will occupy a 16,000 SF restaurant with a 5,200 SF lounge attached to it, and a rooftop members only concept.
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PROFILEmiami and Royal Palm Companies are pleased to present the second installment of PROFILEmiami’s highly-anticipated PROFILEconnect high-end bespoke networking event series. PROFILEmiami has teamed up with the PARAMOUNT Miami Worldcenter, Royal Palm Companies and PMG to host an evening soirée of bespoke networking and cocktails, while hearing from some of the developers transforming Downtown Miami into a global cultural and business hub.
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An estate in the ultra-private gated enclave of Journey’s End in Coral Gables has hit the market for $69.9 million. The owner Raúl Alarcón is chairman and CEO of Spanish Broadcasting System, an owner and operator of Hispanic radio stations and network television stations in the U.S. and Puerto Rico. Alarcón has many connections in the music industry and artists including Shakira, Marc Anthony and Emilio Estefan have visited his home.
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Major Food Group and Kith have partnered once again for the first-ever U.S.-based outpost of Kith for Sadelle’s in Miami Design District. Sadelle’s, Major Food Group’s enduringly popular all-day dining institution that originated in New York, is now open to the public on the second floor of Kith’s new Miami Design District flagship. A lifestyle as much as a restaurant, Sadelle’s has also teamed up with Kith to release a limited edition Capsule Collection.
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Todd Michael Glaser and partners have sold an exclusive two-story penthouse residence sitting atop the iconic Tiffany & Co. building on Palm Beach Island’s Worth Avenue for $18 million. Located at 415 Hibiscus Ave., Palm Beach, FL 33480, the total 13,000-square-foot residence is the largest condominium on Palm Beach Island. Situated at the corner of prestigious Worth Avenue and Hibiscus Avenue, it is the only penthouse in the world atop a Tiffany & Co. building.
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