Karim Alibhai Of Gencom And Tommy Campbell Of White Bridge Capital Acquire Hotel For $300M

The transaction involved the acquisition of the InterContinental Miami, a waterfront hotel located at 100 Chopin Plaza in Miami, FL. The asset consists of 652 keys and was sold for a price of $300,000,000, resulting in a price per key of $460,123. The hotel was originally constructed in 1982 and is considered a landmark in the downtown Miami area.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $300,000,000
• Address: 100 Chopin Plaza
• Market: Miami, FL
• Keys: 652
• PPK: $460,123
• Buyer: Karim Alibhai - Gencom; Tommy Campbell - White Bridge Capital
• Seller: ChinaDajia Insurance Group

Karim Alibhai of Gencom and Tommy Campbell of White Bridge Capital executed the purchase of this property from ChinaDajia Insurance Group. This acquisition represents the third joint hospitality transaction between Gencom and White Bridge Capital within a 12-month period, further expanding their portfolio in the hospitality sector.