A partnership led by Gencom with White Bridge Capital has acquired the InterContinental Miami, a 652-room hotel on Biscayne Bay, the buyers said on 30 October 2026. Bloomberg reported the price at about US$300m.
Why Gencom-led partnership with White Bridge Capital is buying InterContinental Miami hotel (from Strategic Hotels & Resorts, owned by Dajia Insurance Group)
Gencom's managing director of acquisitions, Ignasi Puig, pointed to the hotel's recent capital investment, operating performance and mix of leisure, corporate and group business as a base for long-term value, according to Commercial Observer.
Deal terms and financing
The buyers did not disclose financial terms. Bloomberg, citing a person familiar with the matter, put the price at about US$300m. The 34-storey hotel, built in 1983, has about 90,000 sq ft of event space.
Market context
The seller, Strategic Hotels & Resorts, is owned by Dajia Insurance Group, the successor to Anbang Insurance, which has been selling down its US hotel portfolio.
