Gencom, in partnership with White Bridge Capital, has acquired the 652-room InterContinental Miami Hotel, a waterfront property in Downtown Miami. The deal is completed. The purchase price was not disclosed in the sources.
The investment brings together Gencom's hospitality platform and international family-office capital through White Bridge Capital, which is led by Tommy Campbell and Regina Garcia Handal, according to the source.
Gencom's Alessandro E. Colantonio and Ignasi Puig highlighted the investment's long-term potential, the source states. It did not elaborate on their comments.
The source describes the InterContinental Miami as one of Downtown Miami's landmark hotels and characterises the transaction as another significant hospitality deal in the city's downtown market. No further terms, advisers, financing details or closing date were provided.