MIAMI—Hotel Indigo, a 120-room upscale hotel in Miami's Dadeland submarket, just traded hands. An affiliate of Carlyle Group and Rodlu Investment Fund 1 sold it to an affiliate of California-based Integrated Capital for an undisclosed amount.

HFF senior managing director and hotel group head Dan Peek, managing director Max Comess and real estate analysts Joseph Won and Cecily Nazario represented the seller. The hotel sits at 7600 North Kendall Drive on the western side of the “Dadeland Triangle,” a dense, urban community in Miami that is home to the 1.4 million-square-foot Dadeland Mall, Downtown Dadeland, numerous high-rise office and residential properties, and a Metrorail station. 

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

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 the substantial international visitation to the area's retail destinations.