---
title: "Gencom-Led JV Buys InterContinental in Downtown Miami for $300M"
url: https://burnaze.com/article/d93a1a02-c7b2-46fb-b186-51800de01b88
source: "Commercial Observer"
original_url: https://commercialobserver.com/2026/10/gencom-intercontinental-downtown-miami-white-bridge-capital-dajia/
author: "Julia Echikson"
category: "Hotels"
industry: "Lodging & Travel"
segment: "Hotels"
published: 2026-10-30T21:55:52.000Z
modified: 2026-10-31T13:18:52.415Z
image: https://commercialobserver.com/wp-content/uploads/sites/3/2026/10/Karim-Alibhai-Intercontinental-Hotel-Miami-credit-Getty-Images.jpg?quality=80&resize=1200%2C630&strip=
---

# Gencom-Led JV Buys InterContinental in Downtown Miami for $300M

**TL;DR:** A joint venture led by Gencom has acquired the 652-room InterContinental Miami for $300 million. The seller was China's Dajia Insurance Group, which had owned the asset since 2005.

*By Julia Echikson, originally published in Commercial Observer on 2026-10-30. [Read the original](https://commercialobserver.com/2026/10/gencom-intercontinental-downtown-miami-white-bridge-capital-dajia/).*

## Story

**Gencom** and **White Bridge Capital** bought the waterfront **InterContinental Miami** hotel, paying about $300 million, *Bloomberg* reported.

The 34-story property features 652 rooms at **100 Chopin Plaza**, facing Biscayne Bay, right off of Biscayne Boulevard, sitting just south of the Brickell district. The 465,000-square-foot building was constructed in 1983, and it houses about 90,000 square feet of indoor and outdoor event space and a rooftop pool.

The seller — China’s **Dajia Insurance Group**, which has owned the asset since 2005 — recently renovated the property.

“The InterContinental Miami’s significant recent capital investment, strong operating performance and diversified mix of leisure, corporate and group business provide a solid foundation for long-term value creation to Gencom and its investors,” **Ignasi Puig**, managing director of acquisitions at Gencom, said in a statement.

Other recent hospitality acquisitions in the area include **Blackstone**’s purchase of the 352-room **East** hotel last year.

Gencom’s acquisition comes nearly a year after the Miami-based firm purchased the **InterContinental New York Times Square** for $230 million. In the Miami area, it owns the **Ritz-Carlton** hotels in Coconut Grove and Key Biscayne, the latter of which reopened last year after a $100 million renovation.

## Entities

- Real Estate (sector)
- Commercial Observer (publication)
- Miami (location)
- Ritz-Carlton (company)
- Blackstone (investor)
- real estate investment (topic)
- joint venture (topic)
- Julia Echikson (person)
- hotel acquisition (topic)
- Gencom (company)
- White Bridge Capital (investor)
- InterContinental Miami (company)

---
Originally reported by Julia Echikson, Commercial Observer (https://commercialobserver.com/2026/10/gencom-intercontinental-downtown-miami-white-bridge-capital-dajia/). Summarized by Burnaze (https://burnaze.com/article/d93a1a02-c7b2-46fb-b186-51800de01b88).