Global Spectrum, facilities manager of both the Miami Beach Convention Center (MBCC) and the Colony Theatre, reports that both venues have completed their 2013 Fiscal Years and again finished with some impressive results.
The Philadelphia-based firm, which was recently unanimously selected to continue to run both facilities, has once more increased the total gross revenues over the previous year at the MBCC from $18.6 million during the 2012 Fiscal Year to over $19.5 million for the year that was just completed.
Global Spectrum finished off their first year managing the venue in 2009 with total gross revenues of $16.6 million and 109 events that generated 447 event days during the year. In 2013, in addition to the $19.5 million in revenue, the building hosted 155 events that generated 609 event days during the year.
“We have come a long way since our first year here in 2009,” said Global Spectrum’s Bob Balsam, General Manager of the MBCC. “Our Global Spectrum staff, along with our partners at the City of Miami Beach, the Greater Miami Convention & Visitors Bureau and so many other local organizations, have all done a tremendous job over the last five years of continuing to present Miami Beach as a destination of choice for the meetings industry.”
At the Colony Theatre, Global Spectrum was able to generate a net operating income of $2,921, the second straight year the facility has finished with a profit. In addition, the number of events during the 2013 Fiscal Year at the Colony Theatre increased to 177, up from 133 the previous year.
“We continue to see amazing things in Miami Beach,” said Global Spectrum Chief Operating Officer John Page. “The Miami Beach Convention Center is a very important account for us and one, in which, we take tremendous pride. We are proud of the work we have done and continue to do for the City of Miami Beach. We look forward to many more years in Miami Beach.”
The MBCC has a busy next few months coming up. The venue has just completed hosting the 43rd Annual South Florida International Auto Show and will move right into preparations for Art Basel Miami Beach, taking place December 5th – 8th. January will continue to be extremely busy with a diverse group of large and small events to include Jeweler’s International Showcase, the Small Business Expo, Informex, 5LINX, Palm Beach Juniors Volleyball, the IT Expo, the Original Miami Beach Antique Show and the Nissan Health & Fitness Expo.
About Global Spectrum: Global Spectrum (global-spectrum.com) manages the Miami Beach Convention Center, the Colony Theatre, the BankUnited Center and the Palm Beach County Convention Center locally, as well as more than 115 other public assembly facilities around the world. Nearly 23-million people attended more than 15,000 events in Global Spectrum venues last year. Based in Philadelphia, PA, Global Spectrum is part of Comcast-Spectacor, one of the world’s largest sports and entertainment companies. Comcast-Spectacor also owns the Philadelphia Flyers of the National Hockey League, Ovations Food Services, a food and beverage services provider, New Era Tickets, a full-service ticketing and marketing product for public assembly facilities, Paciolan, the leading provider of venue establishment ticketing, fundraising and marketing technology solutions, Front Row Marketing Services, a commercial rights sales company, and Flyers SkateZone, a series of community ice skating rinks.
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