Acquisition of 253-key luxury hotel marks Gencom’s continued investment and growth of property portfolio in New York City

MIAMI – February 6, 2026 – 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 York, Central Park, a 253-key hotel at 50 Central Park South in Midtown Manhattan. This transaction marks the firm’s third luxury hotel acquisition in New York City in the last 16 months.

Following Gencom’s acquisition of the Thompson Central Park in 2024 and its acquisition of the InterContinental New York Times Square in December 2025, this transaction expands the firm’s New York City presence and deepens its investment in one of the world’s most dynamic leisure and business travel destinations. The acquisition strengthens Gencom’s assemblage of best-in-class luxury hotels and the firm’s long-standing relationship with The Ritz-Carlton brand, its 11th Ritz-Carlton-branded project. The acquisition transaction was financed by Banco Inbursa, a leading international financial institution with a strong track record financing hospitality and commercial real estate assets.

“Gencom continues to see compelling long-term opportunities in New York City, particularly for luxury assets with enduring global appeal. The Ritz-Carlton Central Park is one of the most iconic properties in the city, distinguished by its park frontage and position at the center of Manhattan’s luxury ecosystem,” 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.”

Situated at the corner of Central Park South and Sixth Avenue, with immediate access to Manhattan’s premier parkland and just one block from Fifth Avenue’s renowned luxury shopping corridor, the hotel occupies a premier position within the prestigious Plaza District. Steps from the city’s most renowned cultural attractions, the hotel property features Contour, the all-day gastro lounge serving locally inspired small plates and refined cocktails; the Ritz-Carlton Club Lounge, offering curated culinary presentations with a relaxing atmosphere with sweeping park views; the Forbes Four-Star La Prairie Spa, featuring private treatment rooms and tailored wellness experiences; a newly renovated, and a state-of-the-art fitness center equipped with Technogym equipment, Peloton bikes, and a Movement Studio with on-demand digital classes.

“This acquisition further strengthens Gencom’s New York City portfolio with a truly iconic asset,” said Alessandro Colantonio, Chief Investment Officer at Gencom. “The Ritz-Carlton New York, Central Park exemplifies the standards of excellence that guide our investment strategy, and we are excited to elevate its position as one of the city’s premier luxury hotels.”

Guestrooms and suites at The Ritz-Carlton New York, Central Park resonate with the essence of the locale, combining contemporary sophistication with timeless opulence reminiscent of distinguished Manhattan townhouses. Guestrooms feature separate seating areas and marble bathrooms with soaking tubs and walk-in showers, while the 47 suites average over 1,000 square feet and include distinct living spaces, with some offering full kitchens and dining areas ideal for extended stays or entertaining. Each accommodation provides panoramic views of Central Park and the Midtown skyline, delivering a quintessential New York experience with the personalized service for which the Ritz-Carlton brand is renowned.

The Ritz-Carlton New York, Central Park joins Gencom’s growing hospitality portfolio, which includes distinguished brands such as the Four Seasons Hotels and Resorts, St. Regis, Rosewood, Thompson Hotels, InterContinental Hotels, Andaz, Fairmont, and Auberge Resorts.

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, and Marriott. 

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 6,000 hotel rooms around the world; in addition to 185 properties, 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. For more information, visit www.gencomgrp.com.

About The Ritz-Carlton New York, Central Park

Boldly transformed and redesigned, The Ritz-Carlton New York, Central Park reimagines luxury in Midtown Manhattan, drawing inspiration from the sights, sounds, and colors of Central Park and the chic residential style of a city penthouse. Steps from the city’s renowned cultural attractions, the 253-room hotel is a Forbes Five-Star and AAA Five Diamond Hotel, and named World’s Best Rooms by Forbes Travel Guide Verified List in 2019. Featuring the all-day gastro lounge Contour, The Ritz-Carlton Club® Lounge, and a collection of wellness experiences including the first stateside La Prairie Spa and innovative Movement Studio, the iconic hotel creates inspiring guest memories with its legendary Ritz-Carlton service. For more information or reservations, visit www.ritzcarlton.com/centralpark and follow along on Instagram and Facebook.

Media Contact for Gencom:

Schwartz Media Strategies

Yudi Fernandez Kim – yudi@schwartz-media.com; (305) 725-8262

Sara Gaggia – sara@schwartz-media.com; (954) 592-4589

Annemarie Suarez – annemarie@schwartz-media.com; (786) 416-1783