Gencom acquires Ritz-Carlton hotel in US

Core Insights - Gencom has acquired the 253-room Ritz-Carlton New York, Central Park hotel, marking its third luxury hotel acquisition in New York City within 16 months [1][2] - The acquisition is financed by Banco Inbursa and represents Gencom's 11th collaboration with The Ritz-Carlton brand [1][2] - The hotel features a gastro lounge, spa, and a newly renovated fitness center, with guest rooms designed for luxury and comfort [2][3] Company Strategy - Gencom aims to strengthen its presence in New York City, viewing it as a market with compelling long-term opportunities for luxury assets [2] - The acquisition aligns with Gencom's investment strategy focused on excellence, as stated by the chief investment officer [3] - The Ritz-Carlton New York, Central Park will be integrated into Gencom's hospitality portfolio, which includes other luxury brands [3]