Photo: Ryan Parker / Unsplash. Illustrative stock photograph; not a property or company discussed in this article. Downtown Miami’s biggest bayfront hotel just changed hands at a premium. Gencom and White Bridge Capital, both Miami-based, have bought the InterContinental Miami for $300 million, according to The Real Deal, citing Bloomberg. The buyers did not disclose the price. The seller was Strategic Hotels & Resorts, a unit of China’s Dajia Insurance Group, per Bloomberg as cited by The Real Deal. The…
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$300 Million for Miami’s InterContinental. That’s About $460,000 a Room on Biscayne Bay.
Gencom and White Bridge Capital buy the InterContinental Miami for a reported $300 million, highlighting demand for renovated waterfront hotels.
