Monday, June 22, 2015

HFF closes sale of Hotel Indigo in Miami’s Dadeland submarket


Hotel Indigo, 7600 North Kendall Drive, Kendall, FL

MIAMI, FL, June 22, 2015 – Holliday Fenoglio Fowler, L.P. (HFF) announced today that it has closed the sale of the Hotel Indigo, a 120-room, upscale hotel in Miami’s Dadeland submarket. 

Cecily Nazario
HFF marketed the property on behalf of the seller, an affiliate of The Carlyle Group and Rodblu Investment Fund 1.  An affiliate of California-based Integrated Capital, LLC purchased the offering.

The Hotel Indigo is located at 7600 North Kendall Drive on the western side of the “Dadeland Triangle”, a dense, urban community within the broader city of Miami comprising the 1.4 million-square-foot Dadeland Mall, Downtown Dadeland, numerous high-rise office and residential properties and a Metrorail station. 

The six-story hotel features an outdoor swimming pool with private cabanas, restaurant offering breakfast and dinner, business center, fitness facility and indoor/outdoor meeting space.  

Dan Peek
The hotel serves the entire South Miami region, including the University of Miami, Baptist Hospital and the nearby neighborhoods of Pinecrest and Kendall, as well as the substantial international visitation to the area’s retail destinations.

The HFF investment sales team representing the seller was led by senior managing director and head of HFF’s hotel group Dan Peek, managing director Max Comess and real estate analysts Joseph Won and Cecily Nazario.

“Dadeland—like other Miami nodes such as Doral, Aventura and Coconut Grove—is experiencing a renaissance today among both visitors and locals,” Comess said. 

 “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.”

For a complete copy of the company’s news release, please contact:

Kristen M. Murphy
Associate Director
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 | www.hfflp.com

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