STAYHotel Dive · 3h ago
Gencom acquires InterContinental Miami from Strategic Hotels & Resorts
Executive Brief
The 30-second read
Gencom has acquired the 653-key InterContinental Miami from Strategic Hotels & Resorts. This acquisition expands the firm's luxury waterfront portfolio following recent high-value investments in Miami and New York City.
- 01Gencom secures ownership of the 653-key waterfront InterContinental Miami resort
- 02The acquisition strengthens Gencom's luxury hotel footprint in major domestic markets
- 03Strategic Hotels & Resorts exits its position in the prominent Miami waterfront property
- 04Deal follows recent Gencom portfolio expansions in both New York City and Miami
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The firm grows its luxury hotel portfolio with the 653-key waterfront resort, following other recent investments in New York City and Miami.