Gencom has acquired The Ritz-Carlton New York, Central Park, a 253-key hotel in Midtown Manhattan. This transaction marks the firm’s third luxury hotel acquisition in New York City in the last 16 months.
This transaction follows the company’s acquisition of the Thompson Central Park in 2024 and its acquisition of the InterContinental New York Times Square in December 2025. The acquisition marks the firm’s 11th project with The Ritz-Carlton brand and 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,” said Karim Alibhai, founder/principal, Gencom. “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. 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, and one block from Fifth Avenue’s luxury shopping corridor, the hotel occupies a premier position within the Plaza District. The property features Contour, the all-day gastro lounge; the Ritz-Carlton Club Lounge, with park views; La Prairie Spa, featuring private treatment rooms and tailored wellness experiences; a newly renovated fitness center featuring 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, 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 feature separate seating areas and marble bathrooms with soaking tubs and walk-in showers, while the 47 suites average more than 1,000 sq. ft. and include distinct living spaces, with some offering full kitchens and dining areas. Each accommodation provides panoramic views of Central Park and the Midtown skyline.
