Business Services Industry

Miami Swimming in Luxury with Opening of New Hotel.

Knight Ridder/Tribune Business News, September, 2003

By Tom Stieghorst, South Florida Sun-Sentinel Knight Ridder/Tribune Business News

Sep. 30--Not long ago, Miami lacked luxury hotels. The homegrown Grand Bay in Coconut Grove was the only game in town.

With the opening tomorrow of the Four Seasons Miami, the city will be swimming in luxury brands, including a Mandarin Oriental and two new Ritz-Carltons. A third Ritz-Carlton is getting ready to open in December.

Is there room for everyone?

"The competition is very tough," acknowledged Ignacio Gomez, general manager of the Four Seasons.

With prices starting at $325 a night and ranging up to $4,000, the hotel can't afford to get off on the wrong foot.

For the past month, the hotel's 400 employees have been going...

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