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.