Gencom-Led Partnership Acquires the InterContinental Miami

MIAMI--(BUSINESS WIRE)--Oct 30, 2026--

Gencom, a U.S.-based investment firm that owns and develops prized real estate around the world, in partnership with Miami-based White Bridge Capital, announces the acquisition of the iconic InterContinental Miami, a 652-room waterfront hotel and longtime fixture of the Downtown Miami skyline located at 100 Chopin Plaza. Situated at the confluence of the Miami River and Biscayne Bay, the property is one of the city’s most recognizable hospitality destinations, with a prominent waterfront location in the heart of Miami’s business and cultural center.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20261030237965/en/

This marks Gencom’s latest luxury hotel asset in Miami and its second InterContinental-branded property, following its purchase of the InterContinental New York Times Square in late 2025. This transaction further expands the firm’s hospitality real estate portfolio and underscores its confidence in the region’s continued growth as a global hub for business, tourism, and domestic and international investment. The 34-story hotel occupies a highly visible waterfront setting near Brickell, Bayfront Park and world-renowned museums, PortMiami, and the Central Business District.

Gencom owns a significant portfolio of premier assets across Miami, including The Ritz-Carlton Key Biscayne, which Gencom co-developed in the late 1990’s and recently completed a sweeping $100 million + transformation of its 423-key oceanfront resort. In Miami’s historic Coconut Grove neighborhood, Gencom reacquired a majority interest in the 115-key Ritz-Carlton Coconut Grove in December 2025, reaffirming its long-term commitment to the market and the property’s enduring appeal.

With this move, Gencom is also doubling down on Downtown Miami where it is advancing Miami Riverbridge, a more than $1.5 billion privately funded joint venture with Hyatt to redevelop the Hyatt Regency Miami and James L. Knight Center site along the Miami River, with plans for two hotels, 700 apartments, 200,000 square feet of meeting and event space, and 50,000 square feet of public green space.

“InterContinental Miami is a significant addition to Gencom’s portfolio and represents an important opportunity to deepen our presence in one of the most dynamic and globally recognized markets in the country,” said Alessandro Colantonio, Chief Investment Officer at Gencom. “We have built a substantial footprint across some of Miami’s most prominent hospitality and mixed-use destinations. Adding the InterContinental Miami further strengthens the portfolio and gives us an exceptional waterfront asset in the heart of Downtown Miami, a location that we believe will continue to benefit from the city’s long-term economic growth.”

The InterContinental Miami offers a broad selection of room and suite configurations, including 22 suites ranging from approximately 850 square feet to the 2,800-square-foot Presidential and Royal Suites. Standard accommodations average approximately 405 square feet and offer views of Biscayne Bay and the Miami skyline. The hotel recently completed a comprehensive renovation that modernized room interiors with updated furnishings, finishes and technology, while also refreshing the Club InterContinental Lounge and enhancing the pool cabanas and SkyLawn outdoor event space.

“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,” said Ignasi Puig, Managing Director of Acquisitions at Gencom. “Given the recently completed renovation, we can focus on strengthening revenue across rooms, meetings and events, and dining while building on the enhanced guest experience in a market with substantial barriers to entry, the latter of which continues to be a key theme in the firm’s broader investment strategy.”

White Bridge Capital, together with its international family office partners, contributed a significant portion of the equity capital for the acquisition, playing a key role in the successful execution of the transaction and further strengthening White Bridge Capital’s strategic partnership with Gencom. The partnership reflects continued institutional and family office interest in high-quality hospitality assets located in high-barrier-to-entry markets, backed by quality Sponsors.

Tommy Campbell, Founder and Chief Executive Officer of White Bridge Capital, commented, “Our partnership with Gencom reflects our commitment to pursuing extremely unique investment opportunities alongside best-in-class sponsors who share our vision for unlocking the full potential of exceptional assets.”

“This transaction is a strong reflection of White Bridge Capital’s investment philosophy and that of our family office partners, centered on investing in irreplaceable assets with strong long-term fundamentals in premier gateway markets,” added Regina Garcia Handal, Chief Investment Officer of White Bridge Capital.

Designed to serve high-end leisure, corporate, group, convention and social demand, the property includes 35 meeting rooms and more than 90,000 square feet of flexible indoor and outdoor event space. Amenities include a rooftop pool and private cabanas, full-service spa, fitness center, business center, Club InterContinental Lounge and on-site retail.

The hotel’s food-and-beverage program adds a destination-driven dimension to the guest experience. Its offerings include Toro Toro, acclaimed chef Richard Sandoval’s Pan-Latin steakhouse; Bluewater, the hotel’s rooftop restaurant and bar overlooking Biscayne Bay; Ole; Starbucks; and Freddy’s Speakeasy, a reservation-only, Prohibition-inspired cocktail bar recognized by Miami New Times as its No. 1 Hotel Bar and by Wine Enthusiast among the Best Hotel Bars in America.

Downtown Miami continues to benefit from corporate relocations, sustained investment in residential and mixed-use development, growth across finance and technology, and Miami’s expanding global tourism profile. The market’s year-round calendar of major events, including Art Basel Miami Beach, Formula 1 Miami Grand Prix, Miami Music Week and Miami Open, further supports demand from domestic and international travelers.

Part of IHG Hotels & Resorts’ expansive Luxury & Lifestyle portfolio, InterContinental has pioneered luxury travel experiences for nearly 80 years. Considered the world’s first and largest luxury hotel brand, InterContinental continues to bring luxurious accommodation to every corner of the world with a global portfolio spanning nearly 350 open or in pipeline properties.

About Gencom

Gencom is a U.S.-based investment firm that owns, operates and develops prized real estate around the world, with an emphasis on luxury hotels, resorts and branded residential properties; and which is also an active owner and investor in hospitality operating platforms. Gencom’s real estate portfolio is comprised of some of the world’s most iconic hotels, resorts, and destinations which are amongst the leading properties in the industry with key past and present operating partners including Four Seasons, Ritz-Carlton, St. Regis, Rosewood, Auberge, Fairmont, InterContinental, Hyatt, and Marriott.

Founded more than 40 years ago, Gencom has grown to become one of the nation’s leading firms specializing in the development and management of luxury resort and residential properties, alongside full-service hospitality operating platforms. Today, the Gencom portfolio is comprised of $7 billion in assets under management and under development and includes 17 owned assets in operation or under development with over 5,000 hotel rooms around the world; in addition to 185 managed properties, comprised of 50,000 keys through its third-party management affiliate, Pyramid Global Hospitality, which oversees hotel property management and operations throughout the U.S. and Europe; and over 2 million square feet through affiliate Convene, a hospitality company that designs, builds, and manages premium meeting, event, and flexible office spaces. For more information, visit www.gencomgrp.com.

About White Bridge Capital

White Bridge Capital is a private real estate investment and lending advisory firm specializing in real estate investments and structured lending solutions. The firm partners with leading international family offices and sponsors to identify, structure, execute and manage compelling real estate investment opportunities across the United States and other key markets. Leveraging its founders’ extensive experience in banking, real estate, and private markets, White Bridge Capital combines rigorous underwriting, deep industry relationships, and strategic partnerships with established operators to pursue attractive risk-adjusted returns. The firm also provides tailored lending advisory services to family offices and sophisticated investors across a broad range of asset classes.

About InterContinental® Hotels & Resorts

InterContinental Hotels & Resorts has been pioneering luxury travel for more than 80 years, creating meaningful and memorable experiences for guests around the world. The brand combines understated luxury, thoughtful design and personalized service with a deep understanding of each destination. Signature experiences including InterContinental Ambassador and Club InterContinental provide guests with elevated recognition and privileges, while the brand’s local knowledge helps travelers discover the distinctive character of each city and experience it with greater depth. For more information, visit www.intercontinental.com.

InterContinental Hotel Miami

WASHINGTON (AP) — A federal judge put off a decision Friday on whether to dismiss a placeholder criminal case filed against former FBI Director James Comey, giving the Justice Department an opportunity to pursue an indictment over allegations of a decade-old news media leak.

U.S. District Judge Trevor McFadden acknowledged, though, that despite the Justice Department's hopes, an indictment was no sure thing in a nation's capital where grand juries have repeatedly rejected prosecutors' requests for charges in politically delicate cases. And he said that in the meantime, he would be "extremely frustrated if there's some sort of dawn raid" to arrest Comey before he can be indicted, a concern defense attorneys raised.

“That's not going to happen," prosecutor Dustin Farahnak said.

Lawyers for Comey urged McFadden to immediately block the Justice Department from pursuing its third criminal case against the outspoken critic of President Donald Trump and frequent target of the Republican's retribution campaign. They said the Justice Department had failed to secure an indictment within the 10-year statute of limitations and that the charging document they filed instead, known as a waiverless criminal information was legally invalid and inoperable

“The criminal information in this case is time-barred and must be dismissed,” said Ephraim McDowell, one of Comey’s attorneys.

The existence of the criminal information was revealed in court documents unsealed Monday that show the Justice Department is pursuing a case against Comey over allegations of a previously investigated news media leak from 2016. An information is a document that is typically filed when a defendant has waived his right to a grand jury indictment and intends to plead guilty, but Comey did not waive that right and his lawyers have made clear that they are contesting the charges.

The Justice Department defended the maneuver as an effort to extend the statute of limitations for seeking a grand jury indictment. The complaint was filed just as the statute of limitations was set to expire, and a prosecutor said in court Friday that the Justice Department was currently presenting evidence before a grand jury in pursuit of an indictment.

But Comey’s lawyers say the law required the Justice Department to secure an indictment, not an information, within the 10-year period and that it was unfair to Comey to leave the matter open.

“Letting this hang out there pending is a very unfair and unjust result,” McDowell said, later adding that Comey would essentially “be sitting here” in limbo under the threat of indictment even though the statute of limitations has run.

McFadden, a Trump appointee, said he understood the point but quipped that ham sandwiches are harder to indict these days. That remark referenced the oft-quoted colloquialism that indictments are so easy to obtain that even a ham sandwich can be indicted.

Farahnak, the prosecutor, told the judge it was premature to rule now while the grand jury investigation is still in progress. He hinted that evidence being presented to the grand jury would concern activities from after October 2016 and thus fall within the statute of limitations.

“They may indict, they may not indict,” Farahnak said of the grand jury.

McFadden agreed to hold off on an immediate ruling.

The effort to prosecute Comey, who says he is innocent of the allegations, is part of a series of politically charged investigative actions the department has undertaken in the run-up to next week’s midterm elections.

Comey was fired by Trump in May 2017 as he oversaw an investigation into whether Trump's presidential campaign conspired with Russia to tip the 2016 election in his favor over Democrat Hillary Clinton. The two men have been bitterly at odds ever since, with Comey likening Trump to a mafia don in a book he wrote and the president accusing him of treason and calling for his imprisonment.

The first criminal case against Comey accused him of lying to Congress in 2020 but was dismissed by a judge who concluded that the prosecutor had been illegally appointed.

A separate pending indictment charges Comey with threatening Trump through an Instagram photo of seashells in the numerical arrangement of “86 47" — 86 is slang meaning “to throw out,” “to get rid of” or “to refuse service to,” and Trump is the 47th president. The former FBI director has sought to dismiss the case.

"Well, they’re back — again,” Comey said in a video statement Monday. “It would almost be funny if it weren’t such an appalling abuse of the Department of Justice — one that we cannot become numb to. Nothing’s changed with me; I’m still innocent, I’m still not afraid of these people — and I still believe in the independent federal judiciary.”

The latest allegation concerns an October 2016 New York Times story related to a secret court order that required Yahoo to scan emails for messages potentially linked to a foreign terrorist organization. The story cited two government officials who spoke on the condition of anonymity about the order from a judge on the Foreign Intelligence Surveillance Court that Yahoo was barred from publicly disclosing.

Prosecutors in an unsealed filing said investigators found evidence that Comey “sought to correct misinformation which had appeared in the press by way of Reuters the day before” that New York Times story was published, directed his staff to speak to a journalist at the newspaper related to accuracy concerns “and thereby illegally transferred classified information.”

Federal authorities, including prosecutor John Durham, began investigating the disclosure in early 2017. Durham, who later investigated the FBI’s conduct as it scrutinized potential ties between Russia and Trump’s 2016 presidential campaign, wrote a classified memo in 2018 recommending no criminal charges against anyone in connection with the disclosure, Comey’s attorneys said in a court filing.

In 2019, the U.S. attorney’s office for the District of Columbia opened a second investigation of the same matter under the code name “Tropical Vortex.” But that investigation was closed without any charges filed in early 2020.

FILE - Former FBI Director James Comey speaks during a Senate Intelligence Committee hearing on Capitol Hill, Thursday, June 8, 2017, in Washington. (AP Photo/Alex Brandon, File)