U.S.-based investment firm Gencom, has acquired 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 past 16 months, following the Thompson Central Park in 2024 and the InterContinental New York Times Square in December. 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. 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,” Karim Alibhai, founder and principal of Gencom, said in a statement. “This acquisition builds upon our growing New York platform and further strengthens our presence in one of the world’s leading hospitality markets.”
Located at the corner of Central Park South and Sixth Avenue, the hotel includes Contour, the all-day lounge; the Ritz-Carlton Club Lounge; the La Prairie Spa; and a newly renovated 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 have 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 separate living spaces, with some offering full kitchens and dining areas.
The Ritz-Carlton New York, Central Park joins Gencom's growing hospitality portfolio, which includes brands such as the Four Seasons Hotels and Resorts, St. Regis, Rosewood, Thompson Hotels, InterContinental Hotels, Andaz, Fairmont, and Auberge Resorts.