This story was originally published on Hotel Dive. To receive daily news and insights, subscribe to our free daily Hotel Dive newsletter. Dive Brief: Affiliates of Miami-based investment firm Gencom have reacquired a majority interest in the 115-key Ritz-Carlton Coconut Grove hotel in Miami, the firm announced in late December. Financial terms of the transaction were not disclosed. A Gencom-led joint venture first acquired The Ritz-Carlton Coconut Grove in 2011 and sold a majority stake in the propert ...

This story was originally published on Hotel Dive. To receive daily news and insights, subscribe to our free daily Hotel Dive newsletter. Dive Brief: A partnership between investment firms Gencom and Argent Ventures, as well as hotel management company Highgate, acquired the 607-key InterContinental New York Times Square hotel in Midtown Manhattan from sellers Tishman and MetLife Investment Management, according to a release obtained by Hotel Dive. The acquisition — reportedly priced at $230 million, ...