Art Basel Miami Beach usually generates $5 million in revenue for Miami-Dade’s largest hotel, the iconic Fontainebleau resort. The 1,500-room property is always sold out during the first week of December, as visitors flood the area, said executive Philip Goldfarb. But this year, Art Basel is canceled due to the coronavirus pandemic, Switzerland-based Art Basel announced on Wednesday. The renowned art fair has taken place each year in Miami Beach since 2002, generating tens of
source https://therealdeal.com/2020/09/04/how-art-basel-miami-beachs-cancelation-will-impact-real-estate/
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