Acquisition of 758-key hotel portfolio marks Gencom’s continued investment in New Orleans, one of the country’s most dynamic cultural and tourism destinations.

MIAMI – March 20, 2025 – Gencom, a U.S.-based investment firm that owns, operates, and develops prized real estate around the world, announces the acquisition of The Ritz-Carlton, New Orleans and the Courtyard by Marriott New Orleans French Quarter/Iberville, a 758-key hospitality portfolio comprised of two connected hotel properties situated in the heart of the city’s historic French Quarter.

Considered a city landmark, The Ritz-Carlton New Orleans is situated on the iconic Canal Street and showcases 528 hotel rooms and suites. The hotel features over 48,000 square feet of premier event space, a fitness center, an indoor swimming pool, and a 25,000 square foot world-class spa, considered the largest in New Orleans. The Ritz-Carlton also offers an array of experiences that immerse guests into the city’s vibrant culture, such as the iconic Davenport Lounge’s live jazz performances and M Bistro’s cuisine, celebrating the region’s flavors with locally sourced ingredients.

The adjacent 230-key Courtyard by Marriott French Quarter / Iberville is conveniently located within walking distance of Bourbon Street, the Caesars Superdome, and the New Orleans Ernest N. Morial Convention Center, making it an attractive choice for business and leisure travelers visiting the year-round destination.

With this two-asset acquisition, Gencom strengthens its existing relationship with Marriott International, further expanding its portfolio of globally recognized hospitality brands, which include The Ritz-Carlton, Ritz-Carlton Reserve, St. Regis Hotels & Resorts, Four Seasons, Rosewood, Andaz, Thompson, Fairmont, and Auberge Resorts.

“We continue to build upon our legacy of investing in and enhancing world-class hospitality assets with this significant acquisition that expands our presence in this high-profile destination,” said Karim Alibhai, Founder & Principal of Gencom. “New Orleans represents a compelling market for luxury hospitality, and we are excited to bring our expertise to further elevate these properties. We look forward to working closely with Marriott to ensure that The Ritz-Carlton, New Orleans and Courtyard French Quarter continue to deliver unparalleled guest experiences.” Mr. Alibhai added: “This acquisition is especially meaningful as it marks Gencom’s 10th Ritz-Carlton branded project, following the recent opening of Nekajui, a Ritz-Carlton Reserve in Costa Rica. We are proud to have built and maintain a long-standing relationship with the Ritz-Carlton brand through both development and acquisitions.”

Both hotels have recently undergone transformative multi-year renovations, reconfirming their status as premier hospitality assets. The Ritz-Carlton New Orleans received a significant refurbishment which enhanced guest rooms and public areas, including a ~$15 million upgrade to its Maison Orleans Club Level. The Courtyard by Marriott French Quarter / Iberville also recently underwent a comprehensive renovation, modernizing all guest accommodations and public spaces, to deliver an elevated experience for guests.

The real estate transaction underscores Gencom’s commitment to expanding its hospitality portfolio in key urban markets with high tourism demand and strong economic fundamentals. The acquisition was financed by Monroe Capital, with Eastdil Secured representing both the seller in the sale and the buyer in the acquisition financing.

“As Gencom continues to acquire and develop luxury hotel assets in premier U.S. destinations, this acquisition represents a strategic expansion within the dynamic New Orleans market,” said Alessandro Colantonio, Chief Investment Officer at Gencom. “With its rich cultural heritage and thriving tourism sector, New Orleans presents a unique opportunity for long-term value, and the renovations and prime locations of both properties further enhance their positioning as top-tier hospitality assets.”

The Ritz-Carlton and Courtyard New Orleans acquisitions further reinforce Gencom’s position as a leader in the luxury hospitality sector, expanding its footprint in key gateway markets and high-demand leisure destinations worldwide. In September 2024, Gencom completed another major acquisition purchasing the 587-key Thompson Central Park, marking the firm’s entrance into New York City, one of the top leisure and business destinations worldwide.

About Gencom

Gencom is a U.S.-based investment firm that owns, operates and develops prized real estate around the world, with an emphasis on luxury hotels, resorts and branded residential properties; and which is also an active owner and investor in hospitality operating platforms. Gencom’s current real estate portfolio is comprised of some of the world’s most iconic hotels, resorts, and destinations which are amongst the leading properties in the industry with key operating partners such as Four Seasons, Ritz-Carlton, Rosewood, Auberge, Fairmont, Hyatt, Marriott and St. Regis. www.gencomgrp.com

Founded more than 40 years ago, Gencom has grown to become one of the nation’s leading firms specializing in the development and management of luxury resort and residential properties, alongside full-service hospitality operating platforms. Today, the Gencom portfolio is comprised of nearly $8 billion in assets under management and includes 23 owned assets in operation or under development with over 7,000 hotel rooms around the world; in addition to 240 properties spanning over 40 locations, comprised of 50,000 keys through its third-party management affiliate, Pyramid Global Hospitality, which oversees hotel property management and operations throughout the U.S. and Europe; and over 2 million square feet through affiliate Convene, a hospitality company that designs, builds, and manages premium meeting, event, and flexible office spaces.

Media Contact:

Schwartz Media Strategies

Yudi Fernandez Kim – [email protected]; (305) 725-8262

Sara Gaggia – [email protected]; (954) 592-4589

Annemarie Suarez – [email protected]; (786) 416-1783

Mohari Hospitality and Gencom are proud to announce the grand opening of Nekajui, a Ritz-Carlton Reserve, the first of its kind in Central and South America and the eighth in the world. Nestled within the breathtaking 1,400-acre private club and resort community of Peninsula Papagayo, Nekajui is the destination’s newest ultra-luxury sanctuary.

Marking a significant milestone for Costa Rica’s hospitality scene, the opening strengthens Gencom’s long-standing partnership with Marriott International and Ritz-Carlton and, further solidifies Gencom’s position as a leader in the luxury hospitality mixed-use sector, expanding its presence in high-demand leisure destinations as the firm continues to execute high-profile, hospitality-led real estate deals in top US and global markets.

Developed through a joint venture between Mohari Hospitality and Gencom, Nekajui, whose name derives from the indigenous word for ‘lush garden,’ embodies refined hospitality by integrating Costa Rica’s natural beauty, rich cultural heritage, and timeless luxury.

Perched on an oceanfront bluff, Nekajui features 107 luxurious rooms, including suites and three exclusive luxury treetop tens, offering panoramic ocean views. Additionally, 36 branded private residences are available for those seeking an elevated, permanent retreat.

The design vision, led by SB Architects and Gensler, takes cues from the grand haciendas of Costa Rica’s Guanacaste Province, blending local craftsmanship and cultural details. The Athens Group, a trusted partner to both Gencom and Mohari, ensured that the design and construction honored the surrounding natural landscape, offering an immersive experience that connects the past and present.

Read more about Nekajui, a Ritz Carlton Reserve, a fusion of nature and culture >>

Gencom and its affiliates continue to expand their investment and footprint in the island of Bermuda, where the firm acquired the Fairmont Southampton resort in 2019 and also owns the Rosewood Bermuda acquired in 2017.

The financing secured will fund a comprehensive renovation and redevelopment of the iconic Fairmont Southampton resort.

MIAMI, FL, September 23, 2024 – Gencom, an international owner, developer and manager of prized real estate, announced today that it has closed on a $550 million recapitalization of the Fairmont Southampton resort in Bermuda, funding a major redevelopment and expansion of the 593-key resort. With this announcement and commencement of the redevelopment, Gencom solidifies its position as the largest hospitality owner and developer on the island of Bermuda. Famous for its pink-sand beaches and accessibility to major North American cities such as Miami, New York City, Toronto and Boston, the destination ranked as the #1 location to travel to by Condé Nast Traveler’s Readers’ Choice Awards 2023.

“With this latest transaction, we are thrilled to strengthen our investment in Bermuda’s vital tourism and hospitality sector, as the country continues to rank as a leading tourism destination,” said Karim Alibhai, Founder and Principal of Gencom. “The extensive redevelopment of Fairmont Southampton reflects our deep commitment to the island’s long- term success. These enhancements will elevate the resort to a premier luxury destination, not just in Bermuda but across the broader Caribbean hospitality market.”

The extensive redevelopment underway at Fairmont Southampton will modernize the historic resort, featuring a complete transformation of all guestrooms with luxurious furnishings and elegant decor. The revamp will also include upgrades to the hotel’s expansive lobby and reception area as well as the meeting spaces and ballrooms, which will position the hotel and the island to welcome high-profile events and celebrations. The restaurant spaces will undergo a makeover to unveil sophisticated settings and elevated menu offerings. Fairmont’s Beach Club is being reimagined as a signature amenity that will include a new oceanside beach grill and lavish resort-style pool with breathtaking views of the beachfront. The redevelopment will additionally include a multi-phased residential program with luxury residences branded under the Fairmont flag. The resort is slated to reopen in early 2026, following the comprehensive renovation.

As noted by Omer Acar, Chief Executive Officer for Fairmont Hotels & Resorts, “We are thrilled to mark another notable step forward toward the reopening of Fairmont Southampton. This hotel is not only of significance to the island of Bermuda, but it is also a much-loved member of the Fairmont family. We are eager to reopen the doors and to get back to what we do best, delivering special experiences for our guests, fostering a strong team, and creating rewarding

opportunities for career-building and growth for Bermudians. It is an exciting time, and we are delighted to be working closely with our valued partners at Gencom in re-imagining this iconic property.”

Bermuda’s Minister of Tourism, the Honourable Owen Darrell, JP, said, “This is exciting news and represents a resounding vote of confidence in Bermuda and the potential of our tourism industry.”

Financing for the Fairmont Southampton transaction was provided by key institutional lenders, led by Starwood Property Trust and Clarien Bank.

“We are excited to be working with leading institutional lending partners on this venture and to reach this significant milestone with our Bermuda holdings,” said Alessandro Colantonio, Chief Investment Officer at Gencom. “As we continue to forge ahead, we look forward to delivering this world-class destination resort that will benefit the Bermuda tourism industry and local economy for decades to come.”

Lotus Capital Partners, led by Faisal Ashraf, served as capital markets advisor to Gencom on this deal.

“Clarien is proud to play a pivotal role in the financing of this transformative project, which will revitalize one of Bermuda’s most iconic resorts and strengthen the island’s position as a premier destination,” said Simon Van de Weg, Chief Banking Officer at Clarien Bank. “This underscores our commitment to supporting the growth of Bermuda’s economy through innovative financial solutions that meet the evolving needs of the Bermuda market.”

This announcement and closing follows the firm’s successful track record of acquiring, redeveloping and expanding significant luxury, mixed-use resorts including Costa Rica’s Peninsula Papagayo, which includes a Four Seasons resort, Andaz by Hyatt resort and a Ritz- Carlton Reserve that is currently under construction.

In May 2024, Gencom also announced the successful refinancing of the Rosewood Bermuda, an ultra-luxury hotel boasting 88 keys with sweeping views of the Atlantic Ocean, Castle Harbour and Harrington Sound. The hotel’s amenities feature a 2,700-square-foot ballroom, a 12,000-square-foot luxury spa with eight treatment rooms and a reflecting pool, as well as several more dining options. The five-star resort is located in Tucker’s Point, spanning 240 waterfront acres and considered the longest private beach on the island. The financing was originated by Blackstone Mortgage Trust, Inc. (NYSE: BXMT) and KSL Capital Partners, LLC for an undisclosed amount and terms. Gencom is currently leading a $17 million renovation of the Rosewood resort that includes improvements to the golf course and clubhouse, the Beach Club and the addition of new amenities and food & beverage options.

Gencom’s Bermuda assets are part of the firm’s illustrious branded hotel portfolio, which includes destinations such as The Ritz-Carlton Bachelor Gulch; The Ritz-Carlton Key Biscayne; The Ritz-Carlton Philadelphia; The St. Regis Chicago; Four Seasons Costa Rica; Nekajui Ritz-Carlton Reserve currently under construction; and other five-star flags under Auberge, Hyatt, and more. Today, the Gencom portfolio is comprised of nearly $8 billion in assets under management and under development and includes 24 owned assets with over 7,000 hotel rooms around the world.

About Gencom

Gencom is a U.S.-based investment firm that owns, operates and develops prized real estate around the world, with an emphasis on luxury hotels, resorts and branded residential properties; and which is also an active owner and investor in hospitality operating platforms. Gencom’s current real estate portfolio is comprised of some of the world’s most iconic hotels, resorts, and destinations which are amongst the leading properties in the industry with key operating partners such as Four Seasons, Ritz-Carlton, Rosewood, Auberge, Fairmont, Hyatt, Marriott and St. Regis. www.gencomgrp.com

Founded more than 40 years ago, Gencom has grown to become one of the nation’s leading firms specializing in the development and management of luxury resort and residential properties, alongside full-service hospitality operating platforms. Today, the Gencom portfolio is comprised of nearly $8 billion in assets under management and includes 24 owned assets in operation or under development with over 7,000 hotel rooms around the world; in addition to 240 properties spanning over 40 locations, comprised of 50,000 keys through its third-party management affiliate, Pyramid Global Hospitality, which oversees hotel property management and operations throughout the U.S. and Europe; and over 2 million square feet through affiliate, Convene, a hospitality company that designs, builds, and manages premium meeting, event, and flexible office spaces.

About Starwood Property Trust

Starwood Property Trust (NYSE: STWD), an affiliate of global private investment firm Starwood Capital Group, is a leading diversified finance company with a core focus on the real estate and infrastructure sectors. As of June 30, 2024, the Company has successfully deployed over $98 billion of capital since inception and manages a portfolio of $26 billion across debt and equity investments. Starwood Property Trust’s investment objective is to generate attractive and stable returns for shareholders, primarily through dividends, by leveraging a premiere global organization to identify and execute on the best risk adjusted returning investments across its target assets. Additional information can be found at www.starwoodpropertytrust.com.

About Clarien Bank

Clarien Bank Limited (“Clarien Bank”) provides personal, wealth management and corporate banking, to clients in Bermuda and internationally. Clarien Bank is one of the largest independent integrated financial services organisations in Bermuda and through subsidiary companies is licensed to conduct banking, investment, corporate services and trust business by the Bermuda Monetary Authority.

Media Contact for Gencom:

Schwartz Media Strategies

Yudi Fernandez Kim – [email protected]; (305) 725-8262 Jen Le – [email protected]; (239) 860-7379

The purchase of the 587-key hotel represents Gencom’s entry into New York City, one of the top leisure and business destinations worldwide.

MIAMI – September 17, 2024 – Gencom, a U.S.-based investment firm that owns, operates and develops prized real estate around the world, announces the hotel acquisition of the 42-story Thompson Central Park in New York City, a 587-key hotel centrally situated on Manhattan’s Billionaires’ Row. 

Located just south of New York’s Central Park, the luxury-lifestyle hotel underwent a comprehensive renovation, which led to the property’s reopening and rebranding in 2021. The hotel features 4,500 square feet of modern meeting space, an impressive lineup of food and beverage concepts, and a 6,500-square-foot, world-class Exhale spa and fitness center expected to open later this year. The hotel’s distinctive Upper Stories experience offers an elevated level of luxury and personalized services – including a private arrival and departure process and exclusive Upper Stories guest lounge – with a collective of guestrooms and suites perched on the hotel’s topmost guest floors.

Thompson Central Park is home to one of New York City’s most popular eateries, the iconic Burger Joint, which serves one of the city’s best burgers and is open for lunch and dinner, Parker’s, a restaurant located in the hotel’s main level featuring live music and crafted cocktails named after famous jazz songs, and Indian Accent, an upscale dining experience by Chef Manish Mehrotra that delights patrons with a unique twist on traditional Indian dishes. 

The acquisition financing for this transaction was provided by affiliates of Ramsfield Hospitality Finance, Affinius Capital and AB CarVal.

The real estate transaction signifies Gencom’s first foray into New York City, a global luxury hospitality market that attracts more than 63 million business and leisure travelers annually. 

“As Gencom continues to acquire trophy hotel assets in core U.S. markets, we were able to secure the acquisition of Thompson Central Park, marking our entrance into one of the world’s top hospitality markets and a great addition to our portfolio of prized hotel and resort properties,” said Gencom’s Chief Investment Officer Alessandro Colantonio. “We recognize the long-term value of this investment given the property’s central location and recent extensive renovation that further elevated its guestrooms, luxe amenities and modernized meeting spaces to position this asset as a premier leader in New York City’s luxury lodging market.”

The acquisition also marks the first addition of a Thompson Hotels-branded hotel to Gencom’s growing hospitality portfolio, which includes distinguished brands such as The Ritz-Carlton, Four Seasons Hotels and Resorts, St. Regis, Rosewood, Andaz, Fairmont, and Auberge Resorts. Gencom and Hyatt’s relationship includes the planned redevelopment of downtown Miami’s iconic Hyatt Regency Miami hotel, as well as the acquisition and renovation of Andaz Costa Rica Resort at Peninsula Papagayo.

“With this latest hotel acquisition, we continue to grow our diverse real estate portfolio and further strengthen our relationship with Hyatt, while adding Thompson Central Park as the latest hotel flag in our portfolio,” said Karim Alibhai, Founder & Principal of Gencom. “Recognizing the strength of the U.S. hospitality market, particularly in cities with high barriers to entry like New York, this transaction represents a key addition to our hospitality portfolio in North America that includes iconic hotel properties in major markets such as Miami, Chicago, Denver and Philadelphia.”

The hotel is centrally located near some of New York City’s premier artistic and cultural institutions such as Carnegie Hall, the MoMA (The Museum of Modern Art), and many legendary fine dining destinations. The property offers scenic views of Central Park, considered one of the city’s top attractions, spanning 843 acres of lush green space with walking trails, lakes, recreation fields and multiple restaurants. 

“We are excited to deepen our relationship with Gencom and continue collaborating in even more meaningful ways across its diverse portfolio of Hyatt hotels,” said Pete Sears, Group President, Americas, Hyatt. “We look forward to Thompson Central Park’s further success with Gencom’s strategic investment and vision, paired with Hyatt’s innovative approach to lifestyle hotel management.” 

Eastdil Secured, a global real estate investment bank, represented the seller in the property’s sale and also represented Gencom in arranging the acquisition financing. 

“The sale of Thompson Central Park underscores the growing investor conviction in the New York City lodging market,” said Jeffrey Davis, Managing Director of Eastdil Secured. “The strong fundamentals and growth momentum have now become common knowledge, and we expect to see heightened transaction volume as a result.”

The term “Hyatt” is used in this release for convenience to refer to Hyatt Hotels Corporation and/or one more of its affiliates.

About Gencom

Gencom is a U.S.-based investment firm that owns, operates and develops prized real estate around the world, with an emphasis on luxury hotels, resorts and branded residential properties; and which is also an active owner and investor in hospitality operating platforms. Gencom’s current real estate portfolio is comprised of some of the world’s most iconic hotels, resorts, and destinations which are amongst the leading properties in the industry with key operating partners such as Four Seasons, Ritz-Carlton, Rosewood, Auberge, Fairmont, Hyatt, Marriott and St. Regis. www.gencomgrp.com

Founded more than 40 years ago, Gencom has grown to become one of the nation’s leading firms specializing in the development and management of luxury resort and residential properties, alongside full-service hospitality operating platforms. Today, the Gencom portfolio is comprised of nearly $8 billion in assets under management and includes 23 owned assets in operation or under development with over 7,000 hotel rooms around the world; in addition to 240 properties spanning over 40 locations, comprised of 50,000 keys through its third-party management affiliate, Pyramid Global Hospitality, which oversees hotel property management and operations throughout the U.S. and Europe; and over 2 million square feet through affiliate, Convene, a hospitality company that designs, builds, and manages premium meeting, event, and flexible office spaces.

About Thompson Hotels

Thompson Hotels have transformed conventional hospitality into dynamic cultural moments inspired by the surrounding streets since the brand’s first hotel opened in downtown NYC more than 20 years ago. Today, the brand continues to channel local creative energy into its expanding international portfolio of properties, with restaurants helmed by top culinary names, lobbies that double as cultural epicenters, boundary-pushing music programs, and more. The result is a magnetic hub built for collective gathering, where distinct design is an ethos and a signature part of the guest experience. Each hotel serves as an inspiring home base for guests and creatives alike to connect with each other and what moves culture forward. The Thompson Hotels portfolio of luxury lifestyle hotels currently includes The Beekman, Gild Hall and Thompson Central Park New York in New York City; Thompson Washington D.C.; Thompson Nashville; Thompson Seattle; Thompson Chicago; The Cape in Los Cabos, Mexico; Thompson Playa del Carmen on Mexico’s Riviera Maya; Thompson Zihuatanejo on Mexico’s Pacific Coast; Thompson Dallas, Thompson San Antonio, and Thompson Austin in Texas; Thompson Savannah; Thompson Hollywood; Thompson Buckhead; Thompson Denver; and Thompson Madrid in Spain. Follow @ThompsonHotels on Facebook, Twitter, and Instagram for news and updates. For more information, please visit www.thompsonhotels.com.

Photo Credit Julie Soefer Photography

Gencom and its affiliates deepen investment in Bermuda, with plans for a $17 million renovation of the master-planned community at Tucker’s Point 

MIAMI, FL – May 1, 2024 – Affiliates of Gencom, an international owner, developer and manager of hospitality and residential properties, announced today the successful refinancing of the Rosewood Bermuda. The five-star resort is located in Tucker’s Point, spanning 240 waterfront acres and featuring over 800 linear feet of beachfront, making it the longest private beach on the island. The financing was originated by Blackstone Mortgage Trust, Inc. (NYSE: BXMT) and KSL Capital Partners, LLC for an undisclosed amount and terms. 

Gencom acquired the fee-simple, Rosewood Tucker’s Point master-planned estate out of receivership in 2017. Following the acquisition, Gencom executed a series of repositioning efforts, including a complete operational overhaul and a more than $24 million renovation of the asset. 

“The successful refinancing of the Rosewood Bermuda reaffirms Gencom’s long-term commitment to the country’s economic growth. Along with the Fairmont Southampton, Bermuda property, we look forward to elevating the local hospitality and tourism landscape, while opening the doors for other institutional lenders and developers to explore investment opportunities in Bermuda,” said Karim Alibhai, Founder & Principal of Gencom. “We are grateful for the continued support from the Government of Bermuda, the Bermuda Industrial Union and the local community as we further advance our development plans, generating jobs and economic benefits for the country for years to come.” 

Gencom’s planned $17 million renovation of Tucker’s Point will include improvements to the 18-hole, par-70 Golf Course & Clubhouse; and Beach Club, which features Bermuda’s longest stretch of private beach and is home to two pools, a restaurant, and a watersports center; as well as adding new amenities and food & beverage options. The community also features a Tennis Club with four Har-Tru clay courts, 48,000 square feet of waterfront land, as well as Rosewood Residences, Harbor Court Residences and single-family homes. 

“KSL is pleased to have the opportunity to continue to build on our firm’s partnership with Gencom,” stated Dan Rohan, Partner and Head of Tactical Opportunities at KSL. “As a sector fund, KSL is dedicated to making investments in travel and leisure businesses. This investment is yet another example of KSL’s commitment to supporting sponsors in their ownership of iconic hospitality assets and our ability to use creative and flexible capital solutions with firms like Gencom through our Tactical Opportunities vehicle.” 

Operated by Rosewood Hotels and Resorts, the ultra-luxury hotel boasts 88 keys with sweeping views of the Atlantic Ocean, Castle Harbour and Harrington Sound. Additional amenities to the aforementioned include a 2,700-square-foot ballroom, a 12,000-square-foot luxury spa with eight treatment rooms and a reflecting pool, and several more dining options on property. 

Alongside the redevelopment of the Fairmont Southampton that is currently underway, Gencom looks forward to continuing its investment in Bermuda’s vital tourism and hospitality industry. The country continues to rank as a leading tourism destination, famous for its pink-sand beaches and accessibility to major North American cities such as Miami, New York City, Toronto, Boston, among others. In fact, Bermuda was ranked the #1 spot to travel to by Condé Nast Traveler’s ‘Readers’ Choice Awards 2023.’ 

Gencom’s Bermuda assets are part of the firm’s illustrious branded hotel portfolio, which includes other brands such as The Ritz-Carlton Bachelor Gulch; The Ritz-Carlton Key Biscayne; The Ritz-Carlton Philadelphia; The St. Regis Chicago; Nekajui Ritz-Carlton Reserve, and other five-star flags such as Auberge, Four Seasons, Hyatt, and more. Today, the Gencom portfolio is comprised of nearly $8 billion in assets under management and under development and includes 23 owned assets with over 7,000 hotel rooms around the world. 

About Gencom 

Gencom is a U.S.-based investment firm that owns, operates and develops prized real estate around the world, with an emphasis on luxury hotels, resorts and branded residential properties; and which is also an active owner and investor in hospitality operating platforms. Gencom’s current real estate portfolio is comprised of some of the world’s most iconic hotels, resorts, and destinations which are amongst the leading properties in the industry with key operating partners such as Four Seasons, Ritz-Carlton, Rosewood, Auberge, Fairmont, Hyatt, Marriott and St. Regis. www.gencomgrp.com 

Founded more than 40 years ago, Gencom has grown to become one of the nation’s leading firms specializing in the development and management of luxury resort and residential properties, alongside full-service hospitality operating platforms. Today, the Gencom portfolio is comprised of nearly $8 billion in assets under management and includes 23 owned assets in operation or under development with over 7,000 hotel rooms around the world; in addition to 240 properties spanning over 40 locations, comprised of 50,000 keys through its third-party management affiliate, Pyramid Global Hospitality, which oversees hotel property management and operations throughout the U.S. and Europe; and over 2 million square feet through affiliate, Convene, a hospitality company that designs, builds, and manages premium meeting, event, and flexible office spaces. 

About Rosewood Hotel Group 

Rosewood Hotel Group, a privately owned company, is one of the world’s leading global lifestyle and hospitality management groups. It encompasses four brands: ultra-luxury Rosewood Hotels & Resorts®; upper-upscale New World Hotels & Resorts; Asaya, an integrated well-being concept; and Carlyle & Co., a modern and progressive private members club. Its combined hotel portfolio consists of 44 hotels in 20 countries with more than 30 new properties currently under development.   

About Blackstone Mortgage Trust 

Blackstone Mortgage Trust (NYSE: BXMT) is a real estate finance company that originates senior loans collateralized by commercial real estate in North America, Europe, and Australia. Our investment objective is to preserve and protect shareholder capital while producing attractive risk-adjusted returns primarily through dividends generated from current income from our loan portfolio. Our portfolio is composed primarily of loans secured by high-quality, institutional assets in major markets, sponsored by experienced, well-capitalized real estate investment owners and operators. These senior loans are capitalized by accessing a variety of financing options, depending on our view of the most prudent strategy available for each of our investments. We are externally managed by BXMT Advisors L.L.C., a subsidiary of Blackstone. Further information is available at www.bxmt.com. 

About KSL Capital Partners 

KSL Capital Partners is a private equity and private debt investment management firm specializing in travel and leisure enterprises. KSL has offices in Denver, Colorado; New York City; Stamford, Connecticut; and London, England. Since 2005, KSL has raised in excess of $23 billion of capital across its equity, credit and tactical opportunities funds. KSL’s current and past portfolio contains some of the premier properties in travel and leisure. For more information, please visit www.kslcapital.com 

Second Resort Purchase within 1,400-Acre Peninsula Papagayo Underscores U.S. Investment Firm’s Vision Toward Major Transformation of Latin America’s Premier Resort and Residential Destination.

MIAMI–(BUSINESS WIRE)–Gencom, a leading Miami-based international luxury hospitality and residential real estate investment and development firm, today announces the acquisition of Andaz Costa Rica Resort at Peninsula Papagayo by a Gencom affiliate, Papagayo Partners Ltd., in conjunction with local real estate developer Sinergo Development Group S.A. Following the August 2016 purchase of the 1,400-acre Peninsula Papagayo and Four Seasons Resort Costa Rica, this marks the second resort investment for the new ownership guided by Gencom on Peninsula Papagayo, a premier resort and residential destination in the Guanacaste province of northwest Costa Rica. The acquisition of Andaz Costa Rica Resort at Peninsula Papagayo also signals the ownership group’s steadfast, continued commitment toward a major transformation and preservation of Peninsula Papagayo. Key developments include new capital improvements to Andaz Costa Rica Resort at Peninsula Papagayo plus a major renovation of Four Seasons Resort Costa Rica as announced in July 2017 along with new peninsula-wide amenities, enhancements and first-ever experiences designed to connect and celebrate the peninsula as a unified destination a world apart. (Full Press Release link below)

http://www.businesswire.com/news/home/20171004005314/en/Gencom-Led-Ownership-Acquires-Andaz-Costa-Rica-Resort

Investment coincides with Bermuda’s strengthening economy and reemergence as a top international destination

US-based Gencom plans $25 million renovation at the 200-acre property, including the addition of luxury residential real estate and fractional ownership opportunities

Miami, Florida – May 18, 2017 – As Bermuda regains its status as a favored island destination among elite travelers around the world, one of the island’s landmark resorts has been acquired by a U.S.-based investment firm. Rosewood Tucker’s Point Hotel and Resort has been purchased by an affiliate of Gencom, a Miami, Florida firm that owns and develops prized hospitality and residential real estate around the world. The resort will remain under the management of Rosewood Hotels & Resorts, which has managed the property since 2011. News of the acquisition came with the announcement that the Gencom-led purchaser will invest an additional $25 million in a comprehensive renovation at the 200-acre property, as well as additional follow-on commitments for future development. Financial terms of the transaction were not disclosed.

The award-winning property is located within the secluded and picturesque Tucker’s Town area of Bermuda, home to “Billionaires’ Row”, celebrities and international elites. Gencom’s purchase is another sign that Bermuda’s tourism economy is thriving. The island will host the 35th America’s Cup beginning on May 26, 2017, new airline carriers and routes have launched, and the Bermuda Tourism Authority recently unveiled a new branding and marketing campaign that will target luxury travelers around the world.

The 88-key Rosewood Tucker’s Point resort is situated on a lushly landscaped property spanning three pristine coastlines. Amenities include an 18-hole golf course at the noted Tucker’s Point Golf Club, a beach club featuring an expansive private beach, tennis center, dive and watersports center, four swimming pools, four restaurants, and a 12,000 square-foot spa. Rosewood Tucker’s Point was named a Forbes Travel Guide Four-Star resort in 2017.

“Gencom’s decision to acquire Tucker’s Point reflects our firm’s longstanding strategy of unlocking value by targeting one-of-a-kind assets in markets that we consider undervalued and poised for long-term growth,” explains Gencom President Karim Alibhai. “Bermuda benefits from direct flight
access from Europe and the eastern coast of the US, making it a natural destination for international travelers and residents in search of an island destination offering luxury accommodations.”

“Benefitting from a picture-perfect location, the strength of the Rosewood brand, and amenities capable of impressing the most discerning travelers, Tucker’s Point is already a sought-after international destination,” said Alessandro Colantonio, Senior Vice President of acquisitions for Gencom. “Our repositioning and renovation plans will further enhance the resort’s appeal, while creating new opportunities for residents looking for a place to call home in Bermuda.”

Gencom intends to elevate every aspect of Rosewood Tucker’s Point, from renovating the guest rooms and public spaces, to adding new food and beverage venues and meeting spaces. In addition, Gencom plans to develop, market and sell branded and unbranded luxury real estateproperties including townhomes, single-family homes, villas and condo-hotel units oriented toward the waterfront and golf course. Gencom will also sell an existing inventory of fractional ownership units branded as the Tucker’s Point Private Residence Club.

“The Government is thrilled to welcome Gencom to the Bermuda hotel family. Gencom’s proven expertise and long history with leading hotel brands makes for perfect participation in the bright future of Bermuda tourism,” said Sen. the Hon. Michael Fahy, Minister of Tourism, Transport &
Municipalities. “This investment is another indication of confidence in Bermuda, further demonstrating that a tourism renaissance is alive and well.”

“The acquisition of Rosewood Tucker’s Point signals growing international interest in hospitality investment in Bermuda,” adds Roland Andy Burrows Jr., chief investment officer of the Bermuda Tourism Authority. “Gencom’s investment will bring direct and indirect impact to Bermuda’s
economy and tourism sector as we strengthen the island’s brand as a premier destination.”

Jones Lang LaSalle represented the seller in the transaction. The financial and operational restructuring of the various Tucker’s Point seller companies in receivership was led by Roy Bailey and Keiran Hutchison of EY Bermuda Ltd. Financing was provided by HSBC Bermuda.

 

Four Seasons Resort Costa Rica at Peninsula Papagayo Announces $35 Million Resort Re-Imagination with December 2017 Debut
New Era of Locally-Inspired, Globally-Considered Modern Luxury Coming to the Only Forbes Five-Star Resort in Central and South America

GUANACASTE, Costa Rica–(BUSINESS WIRE)–Four Seasons Resort Costa Rica at Peninsula Papagayo, the only Forbes Five-Star luxury resort in Central and South America, announces a USD 35 million extensive re-imagination that will bring a striking new interpretation of modern eco-luxury and meaningful explorations to Costa Rica’s north Pacific coast in December 2017. Active families and couples, nature enthusiasts, bold adventure seekers and more will discover a world apart at the re-imagined Four Seasons Resort Costa Rica located on a strait of back-to-back sandy beaches within the premier eco-tourism destination of Peninsula Papagayo.

MIAMI–(BUSINESS WIRE)–Gencom, a leading Miami-based international luxury hospitality and residential real estate investment and development firm, today announces a more than USD 100 million investment toward a major transformation of Peninsula Papagayo, a 1,400-acre premier residential and resort destination in the Guanacaste province in northwestern Costa Rica. Beginning in December 2017 with the debut of the re-imagined Four Seasons Resort Costa Rica, this investment will signal the launch of a long-term plan to connect and celebrate the sprawling peninsula from end to end for the first time, bringing an unprecedented new level of meaningful eco-luxury and transformative experiences to the Americas.

“We are deeply proud and excited that our vision for the evolution of Peninsula Papagayo will give discerning travelers and homeowners compelling new reasons to discover Costa Rica as an enchanting and unparalleled luxury gateway to the Latin America region,” said Karim Alibhai, founder and principal of Miami-based Gencom. “As we invest in carefully shaping and preserving Peninsula Papagayo as an eco-rich paradise for generations to come, we look forward to also defining and bringing great awareness to the meaningful ultra-luxury segment of Costa Rica’s thriving tourism and real estate industries.”

With the completion of this upcoming capital improvements project, homeowners, resort guests and visitors to Costa Rica will experience the natural wonders of the 1,400-acre biodiverse peninsula through a combination of new builds; major enhancements including the multi-million renovation of Four Seasons Resort Costa Rica; first-ever Peninsula Papagayo amenities; transformative only-here explorations; and an ongoing focus on sustainability and wellness including a peninsula-wide network of more than eight miles of nature trails designed to integrate man and nature and help preserve one of the most extraordinary biological corridors on the planet.

“The momentous enhancements underway at Peninsula Papagayo are significant not only to Costa Rica’s flourishing tourism industry that is important to the economy, but to the country’s position as a thought-leader in the preservation and celebration of the native landscape and authentic local culture,” said Manuel Ardon, chief operating officer of Peninsula Papagayo. “As a native Costa Rican, I am very grateful that the vision for Peninsula Papagayo will bring more travelers from around the world to discover the peninsula’s 1,400 acres of incredible biodiversity and eco-rich land.”

This significant investment toward the continued transformation and preservation of Peninsula Papagayo will include:

• A major renovation of Four Seasons Resort Costa Rica, the only Forbes five-star resort in Central and South America; the resort makeover features a locally-inspired yet globally-considered modern design aesthetic from Meyer Davis Studio spanning all 181 guest room, suites and villas; the expansive lobby; five culinary venues plus an all-new Añejo bar and Library lounge; and the signature pool area along with the introduction of new guest experiences rooted in a connection to self and nature
• A new peninsula-wide network of more than eight miles of nature trails that will connect guests with nature while preserving the bio-diverse corridor
• A new Macaw sanctuary designed to cultivate this native species through conservation and educational programming
• An enhancement of Marina Papagayo — a 180-slip luxury marina that is a premier destination for superyachts — with a new restaurant and lounge, gourmet grocery market and an array of new yacht charter offerings
• An enhancement of Peninsula Papagayo Golf Club that features an 18-hole Palmer Signature Course, five tennis courts (four Har-Tru courts and one grass court) and a signature restaurant
• A new Papagayo Explorers Club — a program of only-here experiences across active adventures, culture, wellness, fitness and volunteerism ranging from exhilarating spinner dolphin explorations and mountain biking to cheese making and pottery sessions with local artisans
• A continued investment in the growth of Creciendo Juntos — a nonprofit association founded by Peninsula Papagayo that supports the development of local Guanacaste communities including schools and a children’s clinic through various educational, health and leadership programs; resort guests and homeowners can help make an impact through immersive volunteerism opportunities
• An ongoing focus on sustainability and land preservation — which is the heart of Peninsula Papagayo — through the growth of environmental, maritime, archaeological, social and educational initiatives and an increased investment in the research and development of new programs

Peninsula Papagayo is located 30 minutes from Liberia International Airport, which offers more than 100 weekly flights seasonally from major cities in the U.S., Canada, U.K. and across Central America. It is home to 11 miles of dramatic coastline, eight miles of majestic bluff edges, seven sandy beaches and one of the few tropical dry forests on the planet.

Original Story Here: https://www.businesswire.com/news/home/20170711005861/en/100-Mill

The Hottest Restaurants in 15 American Cities

Boston: Cultivar 
Mary Dumont’s New American in the Ames hotel offers creative fare made with vegetables plucked from on-site hydroponic gardens, responsibly raised meats and a bar program that stresses botanical gins in inventive cocktails.

Must-order: We’re obsessed with the vibrant flavors of Dumont’s yakitori morels and fiddleheads, served with fava bean hummus that is spiced with lemon
thyme, furikake and Meyer lemon.

Insider tip: Though it’s easy to veer veggie here, don’t miss the meat dishes. Dumont put our past 30 Under 30 honoree Brian Young at the helm of a dry-aged program offering selections like the rib-eye for two, accompanied with bone marrow–roasted potatoes, pickled mustard seeds and, yes, loads of veggies.

1 Court St.; 617-979-8203

(excerpt from Zagat July 11,2017 15 Hottest Restaurants in 15 American Cities)

Full Article: https://www.zagat.com/b/the-hottest-restaurants-in-15-american-cities?zagatb