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Gencom Adds NYC Hotel to its Ritz-Carlton Portfolio
Lodging investor Gencom has acquired The Ritz-Carlton New York, Central Park, a 253-key hotel at 50 Central Park South in Midtown Manhattan. The acquisition marks Gencom’s third luxury hotel acquisition in New York City in the past 16 months, following its deals for the Thompson Central Park in 2024 and the InterContinental New York Times Square in 2025.
Bloomberg News reported the seller as Westbrook Partners. Although the sale price was not disclosed, published reports in 2024 cited a bidding price of $400 million.
The acquisition represents Gencom’s 11th Ritz-Carlton-branded project. The acquisition transaction was financed by Banco Inbursa.
“Gencom continues to see compelling long-term opportunities in New York City, particularly for luxury assets with enduring global appeal,” said Karim Alibhai, founder and principal of Gencom. “This acquisition builds upon our growing New York platform and further strengthens our presence in one of the world’s leading hospitality markets.”
- ◦Sale/Acquisition
