Gencom

The 1,400-acre resort community of Peninsula Papagayo prioritizes sustainability, complete with a committee structure made up of six different entities focused on protecting the surrounding ecosystem that distinguishes the region. Initiatives range from a childcare clinic to conservation of archaeological sites. Resorts located in the area, such as Gencom’s Four Seasons Hotels and Resorts Peninsula Papagayo, are engaged in these endeavors through partnering with the local community to source produce for their restaurants, among other practices. As a result, Vogue has named Peninsula Papagayo one of the best destinations for sustainable travel: https://bit.ly/3RRfk2J

Meet Kenda Bailey, Gencom’s Senior Vice President of Design & Procurement. Throughout her 16+ year career at Gencom, Kenda has overseen both new development and continual renovations of Gencom’s luxury portfolio, which includes Ritz-Carlton, Four Seasons Hotels and Resorts and Rosewood Hotel Group brands. Prior to joining Gencom, Kenda held various positions in the field, in addition to project management, as well as budgeting and accounting for owners, developers, architects and interior designers.

Property Spotlight: The St. Regis Chicago Last year, a joint venture between Gencom and GD Holdings acquired the newly constructed, 192-key St. Regis Chicago, centrally located in the city’s Lakeshore East Loop community of Chicago. The 5-star hotel is the first new luxury hotel to open in Downtown Chicago in over a decade. In addition to spacious rooms and suites, the hotel features nearly 12,000 square feet of meeting space, including the 5,000-square-foot Astor ballroom, and 7,000 square feet of executive function rooms with magnificent and one-of-a-kind views of the city’s timeless landmarks, including the Magnificent Mile, Navy Pier, Grant and Millennium Parks. Boasting over 21,000 square feet of luxurious amenities including the exquisite St. Regis Spa, state-of-the-art fitness center with yoga and group exercise rooms, rooftop terrace, and indoor swimming pool, all of which are accessible from both the hotel and the 393-residence condominium component

Late last year, Gencom and Mohari Hospitality completed a multi-million-dollar refresh on the Four Seasons Hotels and Resorts Peninsula Papagayo, a cornerstone coastal retreat that has been catering to guests for over 20 years. Located on the exclusive Peninsula Papagayo, also known as the Golden Coast of Costa Rica, the 120-acre resort offers the perfect blend of natural beauty, luxury, and sustainability. The resort's transformation introduces the Virador Beach Club, a Wellness Shala, an immersive transformation of the fun-filled children’s educational program Kids For All Seasons, and a sustainable renovation of the Arnold Palmer Signature Golf course. Travel + Leisure details the additions in its latest: https://bit.ly/3YyO39s

According to data from CoStar Group, hotel transactions continue to actualize across the country, even amidst challenging capital markets. So far this year, Gencom’s move to retake majority ownership of the iconic The Ritz-Carlton Hotel Company, L.L.C. Key Biscayne in January makes it the top deal by price per room. The Arizona Biltmore, which was recently added to Gencom affiliate, Pyramid Global Hospitality’s portfolio, sold for $705M in May – resulting in one of the largest overall hotel transactions of the year thus far.   Check out the full list via Hotel Investment Today: https://bit.ly/3WPS3Bd

Located within the coastal haven of St. Pete Beach, The Beachcomber Beach Resort Hotel, a Gencom property, provides a resort style atmosphere over nearly 6 acres of lush, tropical landscaped gardens, and a white sand private beach on the shores of the Gulf of Mexico. The on-site restaurant and bar, Jimmy B's, offers the classic beach bar experience with an open-air patio, and two stages for live music, and breathtaking views of the beach. The Tampa/St. Pete hospitality market continues to outperform the U.S. average revenue per available room (RevPAR) despite substantial supply deliveries and elevated interest rates. Learn more: https://bit.ly/4bp9ZGT

Gencom portfolio company Pyramid Global Hospitality has expanded its U.S. footprint from coast to coast with the addition of 12 esteemed hotels this year alone including the Arizona Biltmore, Chatham Bars Inn, Naples Grande Beach Resort, and Saddlebrook Resort. These new assets join over 240 properties across the U.S., Caribbean and Europe under Pyramid Global Hospitality's management. Learn more via Hotel Dive: https://bit.ly/45KWUGu

Gencom Founder and Principal Karim Alibhai recently joined FIU Chaplin School of Hospitality & Tourism Management’s new Hospitality Real Estate Advisory Board alongside other leading #SouthFlorida real estate leaders. The board is focused on enhancing the practical relevancy of the Chaplin School's real estate curriculum and expanding experiential learning opportunities for students through internships, mentoring and direct engagement with industry leaders. According to the official release, real estate comprises the largest portion of most hospitality investments. In addition, its operations-intensive nature positions it among the most complex of all types of commercial real estate. These two factors, together with ever greater demand for experience-based value creation across all commercial property sectors, are expected to drive strong demand for hospitality-specific real estate expertise well into the future. Learn more: https://prn.to/45Pc4ec

Property Spotlight: The Ritz-Carlton Philadelphia Beneath the striking marble dome of a former bank building, Gencom’s The Ritz-Carlton, Philadelphia welcomes guests to a place where modern comforts are embedded within neoclassical surroundings. Located in downtown’s Center City and featuring a timeless design, the luxurious hotel offers an urban oasis with inventive dining, elegant event space, tranquil accommodations and a superb spa experience. Steps from Independence Hall and the Liberty Bell, guests are empowered to experience Philadelphia at their own leisure. Explore the property: https://bit.ly/3xOCS0T

Our thoughts and deepest condolences go out to the loved ones of Frank Croston, CEO of Hamilton - Pyramid Europe. He was an esteemed member of our Pyramid Global Hospitality family and will always be remembered for his leadership, dedication and passion that left an indelible mark on all who had the privilege of working with him.