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Gencom’s Karim Alibhai with the Ritz-Carlton Central Park South

Gencom shells out $320M for Ritz-Carlton Central Park South

Banco Inbursa provides $235M acquisition loan

Gencom’s Karim Alibhai with the Ritz-Carlton Central Park South at 50 Central Park South and Ron Perelman with 36 East 63rd

Gencom comes for NYC’s luxury hotel crown

Plus, Epstein’s developer associate & more of the week’s biggest real estate stories

Highgate co-founder Mahmood Khimji, Gencom’s Karim Alibhai and Andrew Penson of Argent Ventures with the InterContinental New York Times Square

Highgate, Gencom and Argent drop $230M on Times Square InterContinental

Deal marks one of 2025’s priciest hotel trades as luxury market rebounds

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