ROYAL CARIBBEAN GROUP AND SANDALS RESORTS ANNOUNCE LANDMARK PARTNERSHIP TO ACCELERATE THEIR LEADING VACATION EXPERIENCES

Why this matters

Hospitality has separated by chain scale and demand segment, with luxury and resort outperforming and select-service holding pricing power on a leaner cost base. New construction starts remain at multi-decade lows, which has supported in-place RevPAR and made conversions of soft-branded flags an increasingly active part of transaction velocity. Miami continues to absorb foreign capital and high-net-worth domestic migration. Brickell and Edgewater multifamily cap rates have led the recent compression, and hospitality continues to clear at premium basis on the back of constrained supply. For sponsors with operational expertise, the sector continues to offer one of the more compelling income-plus-appreciation profiles available across CRE.

Editorial analysis · Real Estate Trail Editorial

On the RET wire

• The 39th Miami story tracked on the wire in September 2026. All Miami coverage →
• Disclosed hospitality deal value tracked in September 2026: $5B across 15 reported transactions. All Hospitality coverage →

Computed from Real Estate Trail’s own tracked coverage

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