Gencom-led partnership acquires InterContinental Miami
White Bridge Capital and family-office partners supplied equity for the 652-room downtown waterfront hotel, Gencom says.
Key Takeaways
- •The hotel at 100 Chopin Plaza has 652 rooms, according to Gencom.
- •White Bridge Capital and its family-office partners contributed equity to the acquisition.
- •The buyer announcement did not disclose an acquisition price.
A partnership led by investment firm Gencom has acquired the 652-room InterContinental Miami, adding the downtown waterfront hotel to its hospitality portfolio, the firm announced Oct. 30.
Gencom said it partnered with Miami-based White Bridge Capital on the acquisition. White Bridge and its international family-office partners contributed a significant portion of the equity, according to the buyer’s announcement. The release did not disclose the purchase price or identify the seller.
The hotel stands at 100 Chopin Plaza near Biscayne Bay and the Miami River. Gencom describes the property as a 34-story hotel serving leisure, corporate and group travelers, with 35 meeting rooms and more than 90,000 square feet of indoor and outdoor event space.
The firm said a recent renovation refreshed guest rooms, the Club InterContinental Lounge, pool cabanas and the SkyLawn event space. Its announcement describes plans to strengthen revenue from rooms, meetings, events and dining.
White Bridge describes itself as a real estate investment and lending advisory firm that works with international family offices and sponsors on real estate investments and structured lending.
