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Driftwood Hospitality and its Investment Fund RodBlu Open the 122 room
Hotel Indigo Miami Dadeland, formerly a Ramada Limited
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ATLANTA (September 15, 2008) – IHG (InterContinental Hotels Group) [LON: IHG, NYSE:IHG (ADRs)], the world's largest hotel group by number of rooms, today announces the opening of the new Hotel Indigo Miami Dadeland.  The former Ramada Limited property, located in the upscale Kendall area, is Miami's first Hotel Indigo.  

Located in the heart of the downtown Dadeland business center and within walking distance to the prestigious Dadeland Mall, the 122-room Hotel Indigo is only 10 miles from the Miami International Airport.  Other nearby attractions include the Miami Metrozoo, Sunset Place and the University of Miami.  The hotel is also within close proximity to several businesses including AT&T, Fortis and Panasonic.

The six-story property is owned by Rodblu Investment Fund I and managed by Driftwood Hospitality Management, LLC, under a license agreement with a company in the InterContinental Hotels Group.  Driftwood Hospitality Management, LLC, currently owns an equity interest and manages the Hotel Indigo Houston at the Galleria and manages the Hotel Indigo Scottsdale.
 
“With the growing popularity of South Florida as both a leisure and business hub, we look to provide travelers with the best in quality, service and comfort through a warm and inviting atmosphere that makes them feel at home,” said Carlos Rodriguez, executive vice president of Driftwood Hospitality Management, who supervised the hotel's multi-million dollar conversion.
 
“We’re excited to bring Hotel Indigo to Miami, a city known for embracing the individuality of the boutique hotel concept,” said Jim Anhut, senior vice president, Franchise Development, the Americas, IHG.  “We have another two Hotel Indigo properties in the pipeline planned for Miami, in Miami Lakes and South Beach, and we’re looking forward to the opportunity to provide our unique blend of branded-hotel consistencies with the design and service personality of a boutique.”
 
In addition to the Dadeland property, two more Hotel Indigo properties are coming to Miami this fall.  An 86-room conversion of the Don Shula Golf Club will open in Miami Lakes.  In South Beach, a 135-room new-build property will open in the heart of the neighborhood, just two blocks from the Atlantic Ocean.   

The Hotel Indigo Miami Dadeland incorporates causal and lively interiors, providing a relaxing and refreshing getaway with an engaging atmosphere.  The natural organic patterns and textures throughout the hotel’s décor provide guests with a sense of peaceful rejuvenation.  Shades of avocado green, tangerine, linen white and ocean blue soothe and inspire the guest’s experience.  The interior design firm of Dwellings, Inc., gained inspiration for the color palette from the natural ambiance of Miami, reinforcing the guest’s connection with their beautiful surroundings.  Graphic murals depict the Miami ocean life and encourage guests to stop…take a second look…and relax.   
 
The Hotel Indigo features signature design elements including oversized lobby chairs, which create a personal work or dining space within the public areas of the hotel; cozy, airy and inviting guestrooms with plush bedding, hardwood-style flooring and spa-inspired showers; and a “Phi”tness Studio with cardio equipment and free weights. The hotel also offers a 24-hour business center; more then 300 square feet of meeting space for business functions or special events; and wireless high-speed Internet access throughout the hotel.
 
The Hotel Indigo brand is quickly expanding throughout North America, with 19 locations open and more than 60 under development, either in the pipeline or in final negotiation. The first Hotel Indigo opened in Atlanta in October 2004.
 
About Driftwood Hospitality Management LLC
Driftwood Hospitality Management LLC, based in North Palm Beach, Florida, is one of the fastest growing independent hospitality management and development firms in the country today.  Established in January 1999 by David Buddemeyer, Driftwood or its affiliates owns and/or manages more than 40 hotels comprising approximately 8,833 rooms throughout the U.S., the Bahamas and Central America. The company manages a variety of lodging types, from destination resorts to downtown convention hotels to suburban hotels and inns. Many of the company's hotels are affiliated with nationally recognized hospitality franchises, including Crowne Plaza, Holiday Inn, Doubletree, Radisson, Sheraton, Hampton Inn, Courtyard by Marriott and Hotel Indigo. For more information, see www.driftwoodhospitality.com < http://www.driftwoodhospitality.com>.

About RodBlu
Established in March 2007, RodBlu is a commercial property investment fund designed to unite private and institutional investors interested in acquiring and developing commercial real estate throughout the United States.  Satisfying the need within the industry for an opportunistic fund, RodBlu maintains its focus on hotels, office buildings, retail shopping centers, vacant land, industrial properties, mixed used developments and other added value commercial properties, throughout the U.S., Caribbean and Latin America.

Led by managing partners Carlos Rodriguez and Stephen Blumenthal, RodBlu will manage a portfolio valued at approximately $500 million once fully invested. RodBlu is comprised of a group of experienced real estate investors from a variety of industries and professional backgrounds. This unique fund allows institutional investors to tap into a huge knowledge base of personal investors with access to off-market deals, while providing an opportunity for seasoned real estate professionals to leverage their personal funds for better returns, access to bigger deals and preferential lending rates.
 
InterContinental Hotels Group (IHG) [LON:IHG, NYSE:IHG (ADRs)] is the world's largest hotel group by number of rooms.  IHG owns, manages, leases or franchises, through various subsidiaries, over 4,000 hotels and more than 590,000 guest rooms in nearly 100 countries and territories around the world. 

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Contact:

InterContinental Hotels Group
Caroline Sanfilippo
Specialist Corporate Communications
770-604-2495
http://www.ihg.com
www.hotelindigo.com
 

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Also See: Owned and Managed by Driftwood Hospitality, the 140 room Hotel Indigo Houston Opens; Fourth Property for the InterContinental Hotels Group New Brand / June 2006
Driftwood Hospitality Finds Success Flipping Hotels; Looks for Hotels in Decline / February 2008
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