Miami real estate is booming. Wealth is to be found on every corner and the economic growth sees no slowing down.
For property developers like Michael Krymchantowski they have always had faith in the city. The hotelier certainly loves the trending of South Florida, especially since he has been here since things were not so bright and shiny a few decades ago.
Back in 2000 the Brazilian businessman took a chance and bet wisely on the emergence of an area of Miami few were touching. The art district Wynwood is such a hotspot currently that it is hard to believe at one point it was full of abandoned buildings and less than desirable venues. But, now all you find is glorious businesses including Krymchantowski’s highly successful Krymwood Flats.
The property started as the first official hotel in the Wynwood neighborhood. Now it is a legendary landmark with tourists and locals alike. The accommodation’s business model is modern and colorful like the surrounding art installations on every corner of the district. Proud of his property that embraces the lively tone of the local streets, it even is decorated in a unique sunset-and-bamboo mural reflective of the region.
“When I found the neighborhood all my friends said I was crazy to finance in this underdeveloped zone,” he stated while talking about the initial investment. “I helped to clean the area. I made it a safe and hip place to stay in Miami.”
Everything about his studio properties that are rented by guests traveling to South Florida sparks originality. The grand hospitality speaks volumes and extends out beyond the corridors of the 21-unit establishment. Krymchantowski’s business continues to grow because people who stay at Krymwood Flats know they are coming for more than a place to sleep at night. They are coming for a lifestyle.
With Wynwood now being one of the most fashionable blocks in Florida, the intriguing hotel property is considered as attractive as the imaginative art galleries and trendy restaurants just around the corner.
And Krymchantowski’s desire for continued growth in his incredible hotel portfolio is becoming a reality. Miami is a city that never really sleeps. Like this businessman, the shorefront is always awake and living fully in the action. In 2024, he is expanding with a new short-term rental concept that is due to be full of enthusiasm and passion. The businessman will also continue to help support his local community by creating other affordable places for locals to live and by producing more jobs in the neighborhood. Just like everything Krymchantowski has done he does it to impact the incredible wealth of Miami.