Cyrus Vazifdar, a Managing Director at Hodges Ward Elliott, specializes in high-end hotel and resort investments across North America. He shares insights on the significant differences between Miami and D.C. real estate markets, emphasizing Miami's resilience post-crisis. Vazifdar discusses the transition to ultra-luxury hospitality, the essential role of brand identity, and strategies for profitability in a competitive sector. He highlights emerging trends, such as exclusivity in membership programs, and reflects on the balancing act between exceptional service and operational costs.