Homowner Sues Miami Beach, Claiming Airbnb Ban May Have Cost Him At Least $7.65M

Miami Beach investor Greg Mirmelli is suing the city of Miami Beach over its law banning Airbnb short term rentals.

Mirmelli estimates he could have earned $7.65 million since 2010 at just 50% occupancy, the lawsuit states.

According to the suit, another short term rental company, Vilazzo, has not been fined for renting luxury homes in the city.

Records show that Mirmelli owns a bayfront home on Sunset Island.

The suit was first reported by Miami New Times.