Are Miami's Struggling Hotels, Restaurants And Furniture Stores Liquidating Assets To Generate Cash During The Pandemic?

In Episode 60, expert Peter Zalewski of Condo Vultures interviews Jose Suarez - founder of owner of Global Inventory Liquidators in Miami - about how his South Florida business that buys and sells furniture, equipment and other assets at deep discounts has surged with activity as a result of the series of restaurants, hotels and furniture stores struggling  to survive during the COVID-19 pandemic.   In Segment 1, Suarez discusses growing up in Ecuador before moving to Miami for college in the 1980s and ultimately settling down permanently in South Florida. Suarez, who is a serial entrepreneur, discusses how his previous businesses led him to launch Global Inventory Liquidators in 2016.  In Segment 2, Suarez talks about the current state of the South Florida economy and how furniture stores, hotels and restaurants are reaching out to his firm in an attempt to unload their furniture, equipment and other assets to raise cash and adjust to the new "normal."       In Segment 3, Suarez discusses his outlook for the South Florida economy and the liquidation industry as the COVID-19 pandemic is still raging, the economy is struggling  and a presidential election is approaching.  To send a comment, please email the podcast at [email protected]     Please be sure to patronize our advertising supporters: Condo Vultures® Realty, Condo Vultures® Condo Correction Tours, and CVR Realty.  Click here to subscribe to the Condo Vultures® Distressed Market Intelligent Report.