Gencom Expands New York Luxury Portfolio With Ritz-Carlton Central Park Acquisition
Investment firm Gencom has acquired The Ritz-Carlton New York, Central Park, reinforcing its growing focus on iconic luxury hospitality assets in Manhattan.
Investment firm Gencom has acquired The Ritz-Carlton New York, Central Park, reinforcing its growing focus on iconic luxury hospitality assets in Manhattan.
Soho House has secured last-minute funding to keep its $2.7 billion go-private transaction alive, overcoming a sudden financing gap just weeks before the expected closing.
Japanese hospitality firm Seibu Prince Hotels is nearing a deal to buy Ace Hotel brand for about US$85 million, combining Ace’s boutique appeal with Seibu’s infrastructure and growth strategy.