South Beach Thrive, But Profits are Elusive Article 1992

 

 

Text Capture:  Even Amid Ocean Drive's prosperity,  then, some buildings sit empty. Others are in foreclosure and some for sale.  Six hotels once controlled by the Royale Group, whose chairman was convicted of racketeering last year, are set to be auctioned.

 

 

Text Capture:  Still, there's some question about how many upscale travelers will stay in South Beach.  Wat appears to be happening now is affluent people spend their evenings their, and then retreat to more exclusive lodging elsewhere.  One problem may be noise; many hotels depend on lively bars and restaurants. 

 

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