Nortia (Manuel Lao) and Gencom acquire the InterContinental Miami valued at 265 million
Nortia (Manuel Lao) and Gencom, along with other investors, buy the InterContinental Miami valued at $300 million (around €265 million)
Nortia, led by Manuel Lao, and Gencom, along with other investors, have acquired the InterContinental Miami for $300 million. The hotel, located in the financial center of Miami, has 652 rooms and suites and offers views of Biscayne Bay. The seller was Dajia Insurance Group, which had previously acquired the hotel as part of Strategic Hotels & Resorts from Blackstone in 2016.
Nortia and Gencom's investment in the InterContinental Miami follows their recent purchase of The Ritz-Carlton Central Park in New York. Manuel Lao stated that the hotel's strategic location and brand positioning align with Nortia's long-term investment strategy.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
