The 120-room Hotel Indigo Miami Dadeland has a new owner.
An affiliate of Integrated Capital, a Los Angeles-based real estate advisory and investment firm, bought the property for an undisclosed amount. The acquisition closed Tuesday.
With the purchase, the new owner has the option of changing the property’s brand affiliation and management. The six-story hotel was built in 1975 but renovated and rebranded as an Indigo, part of InterContinental Hotels Group, in 2009.
The hotel at 7600 N. Kendall Dr. includes a pool, restaurant, business center, fitness area and meeting space.
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The seller was an affiliate of The Carlyle Group and Rodblu Investment Fund 1. Commercial real estate investment banking firm HFF marketed the property for the seller.
Max Comess, a director in HFF’s hotel group, said local, national and international investors pursued the deal “aggressively.”
“Dadeland — like other Miami nodes such as Doral, Aventura, and Coconut Grove — is experiencing a renaissance today among both visitors and locals,” Comess said in a statement. “The Hotel Indigo was attractive to investors because it provided a perfect balance of a hotel that is very successful today with strong future growth potential as the destination continues to flourish.”