Hot South Beach Hotels See Price Cuts
From The Miami Herald:
Hot South Beach Hotels See Price Cuts
Some of South Beach's trendiest hotels saw their rates fall in the second quarter of the year compared to 2009 -- though they would hardly qualify as bargains. The Delano, Shore Club and Mondrian South Beach averaged daily rates between 4 percent and 9 percent lower than the same time last year. That's according to a second-quarter earnings report from Morgans Hotel Group, which manages all three properties. Click here for the full story.
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