financeHotel Dive··1 min·For: Owner, GM, Investor, Ops
Highgate to Exit Miami's Troubled Goodtime Hotel
Hospitality management firm Highgate is exiting the celebrity-developed Goodtime Hotel in South Beach, resulting in staff layoffs as the property faces a massive foreclosure lawsuit.
Key Takeaways
- 1Anticipate Highgate's exit from the celebrity-backed Goodtime Hotel in Miami Beach as it ceases operations and lays off staff.
- 2Monitor the impact of a $149 million foreclosure lawsuit filed against the property owners by Starwood Capital Group.
- 3Observe the shift in the South Beach luxury landscape as this high-profile lifestyle hotel faces significant financial instability.
Source: Hotel Dive
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