US-based investment company Gencom has acquired the 253-room Ritz-Carlton New York, Central Park hotel in Midtown Manhattan, US.
This property becomes Gencom's third luxury hotel acquisition in New York City within 16 months and follows its earlier acquisitions of the Thompson Central Park in 2024 and the InterContinental New York Times Square in December 2025.
The acquisition was funded by Banco Inbursa, an international financial institution.
By acquiring this property, Gencom strengthens its presence in New York City. This transaction also represents the company’s 11th collaboration with The Ritz-Carlton brand.
Gencom founder and principal Karim Alibhai said: “Gencom continues to see compelling long-term opportunities in New York City, particularly for luxury assets with enduring global appeal.
“This acquisition builds upon our growing New York platform and further strengthens our presence in one of the world’s leading hospitality markets.”
The Ritz-Carlton New York, Central Park features a gastro lounge, spa, and a newly renovated fitness centre.
The guest rooms at The Ritz-Carlton New York, Central Park are designed with separate seating areas and marble bathrooms. Its 47 suites average more than 1,000ft² and provide distinct living spaces.
Gencom chief investment officer Alessandro Colantonio said: “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.”
With this acquisition, the hotel is integrated into Gencom's hospitality portfolio that includes brands such as Four Seasons Hotels and Resorts, St Regis, Rosewood and InterContinental Hotels.
