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https://www.miamitodaynews.com/2026/05/27/more-rooms-in-miami-pipeline-as-nation-cuts-back-hotel-construction/
More rooms in Miami pipeline as nation cuts back hotel construction Miami-Dade County has 2,075 more hotel rooms in the construction pipeline this week than it had exactly a year ago, although total U.S. hotel construction has fallen for 15 consecutive months, according to data provided to Miami Today by the CoStar information and analytics firm.
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https://www.miamitodaynews.com/2026/05/20/county-to-return-32-acres-to-strengthen-homestead-air-reserve-base/
County to return 32 acres to strengthen Homestead Air Reserve Base To aid the Air Force in securing the runway at Homestead Air Reserve Base, Miami-Dade is moving ahead to return to the federal government 32 of the acres it was given next door to the base for use for county economic development.
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https://www.miamitodaynews.com/2026/05/13/county-to-reap-bigger-sales-share-from-miami-heat-store-at-airport/
County to reap bigger sales share from Miami Heat Store at airport The Miami Heat Store, which has been operating on a month-to-month lease since its 2011 contract at Miami International Airport expired, is about to get a new lease on life from Miami-Dade commissioners – with the county getting a larger percentage of sales revenues.
The store, owned by an affiliate of the Miami Heat basketball team, has been scoring high in revenue ratings for about 15 years, based on the popularity of the team. Revenues tend to rise with team standings.
Until now, the store has been paying as rent 8% of revenues garnered by selling a full assortment of Miami Heat-licensed merchandise including team-licensed gear, jerseys and novelty items. While other airport stores provide items symbolizing the Heat, none has the range of merchandise that the Miami Heat Store offers in its 1,381 square feet in Concourse D.
But a new lease and concession agreement facing an Airport and Seaport Committee vote this week ups the ante from the store to either 10% of gross revenues or the prevailing terminal rental rate for the lease of the location.
There was no competition for the lease. “Market Research did not identify any other vendors who would be authorized to operate a Miami Heat-licensed retail store,” a memo to the committee from Mayor Daniella Levine Cava said. The lease is with Airball Sports II, which owns the Miami Heat Store and is part of the Heat business structure – Airball’s principal is Eric Woolworth, president of business operations of the Heat Group.
Although other sports teams including the Miami Marlins have since had a presence in the airport’s retail scene, the Miami Heat Store came first.
Local business and civic leaders had been seeking a sports presence at the airport to serve visitors to Miami. The Greater Miami Chamber of Commerce’s Sports Committee had taken the lead in that for a few years, followed by the Miami-Dade Sports Commission, which in 2009 took up the banner, working with the airport to create a single store serving all area professional teams.
In the end, though, it was the Miami Heat alone that opened a store. In its first 12 months the store’s revenues were reportedly $1.1 million, a number destined to rise.
The new contract when approved will give the Miami Heat Store an eight-year lease with two more years at the airport’s option. The estimated revenues to the county alone for 10 years is $17 million, which, at 10% of sales, would put the store’s 10-year total sales at $170 million.
Because the contract is a non-competitive agreement, it will require two-thirds positive votes both in committee and then from the county commission to move the store from its month-to-month lease to a long-term agreement.
The Heat has been among sports leaders in marketing its gear. It won the National Basketball Association’s Team Retailer of the Year award in 2003, 2006 and 2011, when it signed its lease at the airport. The airport became the Heat’s fourth retail site, following stores at what then was AmericanAirlines Arena, the Dolphin Mall and an online store.
“Given the international appeal of our team, Miami International Airport is the perfect destination for the newest Miami Heat Store,” Mr. Woolworth said at the time. “We are confident the store will be a tremendous success.”
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https://www.miamitodaynews.com/2026/05/06/royal-caribbean-orders-two-mammoth-ships-expanding-private-resorts/
Royal Caribbean orders two mammoth ships, expanding private resorts Royal Caribbean Group, which is headquartered on PortMiami, last week ordered two more Finnish-built ships to be delivered in 2029 and 2030 as the cruise company expands its portfolio of ships and private resorts.
“We expect another year of double-digit revenue and earnings growth,” Chairman and CEO Jason Liberty reported last week. “We are expanding our portfolio through the recent launch of Royal Beach Club Santorini, the upcoming delivery of Legend of the Seas, and the recent orders for Icon VI and VII.”
Legend of the Seas, to debut in July, is a 250,800-ton megaship that has a 5,600-passenger capacity and 20 decks. It’s to launch in Barcelona with Western Mediterranean cruises before moving to Port Everglades in Brevard County in November.
The corporation reported that its overall capacity is expected to grow by 6.7% this year from last, with increases of 4%, 6% and 7% respectively in 2027, 2028 and 2029.
In March, a game-changing project for Royal Caribbean Cruises on PortMiami increased again from the original cost. The design and construction of Terminal G and Berth 10 improvements for the global cruise industry giant had risen from $325 million to $425 million in 2023, the year after an earlier agreement was signed. An agreement change in March raised the total to $463 million.
In the long run, the amended agreement will increase Royal Caribbean’s capital recovery surcharge contribution to the county for the project, resulting in a $35 million positive fiscal impact to the port, county commissioners were told.
The new order for two more Icon Class ships from Meyer Turku in Finland is part of a three-decade relationship between the two entities, Royal Caribbean said, “during which the shipyard has built 25 ships for the company…. Each Icon ship represents the largest industrial projects in Finland.”
Royal Caribbean says it has secured shipbuilding capacity from Meyer Turku through 2036.
The company today operates 69 ships sailing to more than 1,000 destinations in all seven continents through three wholly owned brands – Royal Caribbean, Celebrity Cruises and Silversea – and a 50% interest in TUI Cruises, which operates the Mein Schiff and Hapag-Lloyd brands.
The corporation says it is expanding its portfolio of private destinations from three to eight by 2028 and plans to enter river cruising in 2027 with Celebrity River Cruises.
Bookings slipped in March and early April for Mediterranean itineraries after the United States attacked Iran but those bookings have recovered and are currently ahead of last year’s pace, the corporation said. Fuel costs also rose with the attacks.
The company said revenue is expected to grow by about 10% this year.
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