financeHotel Dive··1 min·For: Owner, Investor, GM
Gencom Acquires InterContinental Miami Hotel
Gencom and White Bridge Capital have acquired the 653-room InterContinental Miami from Strategic Hotels & Resorts. The deal expands Gencom's luxury footprint in its hometown market, capitalizing on Downtown Miami's corporate and tourism growth.
Key Takeaways
- 1Gencom partnered with White Bridge Capital to buy the 653-key waterfront property for an undisclosed price.
- 2The hotel includes 90,000 square feet of event space, multiple F&B venues, and a rooftop pool.
- 3This marks Gencom's second InterContinental brand acquisition, following its Times Square purchase last year.
Source: Hotel Dive
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