MIAMI, FL—Holliday Fenoglio Fowler, LP, has closed the sale of the 120-room Hotel Indigo here in Miami’s Dadeland submarket.
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 hotel for an undisclosed price.
The Hotel Indigo is located at 7600 North Kendall Dr. on the western side of the Dadeland Triangle, an urban community within the broader city of Miami comprising the 1.4 million-sq.-ft. Dadeland Mall, Downtown Dadeland, 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.
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 international travelers coming to the area’s retail destinations.
The HFF investment sales team representing the seller was led by Dan Peek, senior managing director and head of HFF’s hotel group Dan Peek; Max Comess, managing director; and real estate analysts Joseph Won and Cecily Nazario.