- Gencom and White Bridge Capital bought the 34-story, 652-room InterContinental in downtown Miami from Strategic Hotels & Resorts, owned by China’s Dajia Insurance Group.
- Bloomberg reports exclusively that the price was about $300 million, citing a person familiar; the buyers declined to comment on the value and the statement gave none.
- It’s the third joint hotel deal for the partners in a year, after the InterContinental Times Square and Manhattan’s Ritz-Carlton, as they plan to revamp the lobby and dining.
Gencom and White Bridge Capital have bought downtown Miami’s InterContinental, Bloomberg reported exclusively, in a $300 million hotel deal that marks the partners’ third together in a year.
A statement gave no price. Bloomberg put it at about $300 million, citing a source with knowledge of the deal.
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Who Sold and What They Got
The seller was Strategic Hotels & Resorts, a unit of China’s Dajia Insurance Group. The 34-story hotel dates to the early 1980s, faces Biscayne Bay and has 652 rooms.
Bayfront Park is next door, and the Kaseya Center and Brickell are a short walk away.
The Plan
The rooms and conference space were recently renovated. The new owners plan to overhaul the lobby, restaurants and bars next.
Alessandro Colantonio, Gencom’s chief investment officer, told Bloomberg the group moved very quickly and likes the waterfront position because no one can build in front of it.
A Serial Duo
Gencom has $7 billion in assets owned or in development, including Ritz-Carlton properties in Key Biscayne and Coconut Grove. With White Bridge, it bought the InterContinental New York Times Square in December and a Manhattan Ritz-Carlton earlier in 2026.
White Bridge, led by Tommy Campbell, steers wealthy families, largely Latin American and Southern European, into gateway-market deals. Campbell told Bloomberg he spent 12 years in the Citigroup private bank tower attached to the hotel.
Why It Matters
Private and family capital is still buying large hotels even as other investors turn smaller. Our brief on hotel transactions noted CoStar saw buyers drift toward deals under $50 million amid volatile debt markets.
Campbell called Miami a global hub and the most natural market for international families, a pitch that fits a city drawing more New York talent, as we covered in NYC professionals splitting time with Miami.
What’s Next
Downtown Miami is being rebuilt block by block, and a pedestrian-friendly Flagler Street is nearing completion. The lobby and dining overhaul will show how much the owners think the neighborhood can support.
