Featuredfinanceasianhospitality.com··1 min·For: Owner, Investor, GM, Revenue
Gencom Group Buys InterContinental Miami for $300M
Gencom and White Bridge Capital have acquired the 652-room InterContinental Miami in a deal reportedly valued at $300 million. The recently renovated 34-story waterfront hotel expands Gencom's luxury hospitality footprint in South Florida.
Key Takeaways
- 1Gencom and White Bridge Capital acquired the 652-key InterContinental Miami for an estimated $300 million.
- 2The 34-story property features 90,000 square feet of meeting space and recently upgraded rooms and amenities.
- 3The acquisition expands Gencom's regional presence alongside two Ritz-Carlton properties and the planned $1.5B Miami Riverbridge project.
Source: asianhospitality.com
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