A historic hotel is experiencing significant staff reductions due to financial difficulties. The property is currently facing a substantial foreclosure amounting to $149 million. This financial strain has directly led to the decision to cut jobs. The future of the hotel remains uncertain as these financial challenges persist. Further details on the extent of the layoffs were not provided.
Miami Beach, Florida
https://www.bizjournals.com/southflorida/news/2026/04/02/south-beach-hotel-layoff-all-staff-operator-exit.html