MIAMI—Miami Beach's hospitality industry is facing a sharp new blow after the operator of the celebrity-backed Goodtime Hotel said it plans to stop managing the South Beach property by the end of May, a move expected to eliminate the entire on-site workforce.
The decision hits one of the highest-profile lifestyle hotels on Washington Avenue, a property launched with the star power of Pharrell Williams and Miami nightlife impresario David Grutman, who is also known for his restaurant partnership with Bad Bunny at Gekkō.
