/Tag: gencom


Gencom-Led Partnership Acquires Two St. Pete Beach Resorts for $100 million

BENCHMARK | January 3, 2019

MIAMI, Jan. 3, 2019 -- As part of its ongoing strategy to acquire unique hospitality assets anchored by strong underlying real estate and with unique repositioning opportunity, a Gencom-led partnership has announced the acquisition of two resort assets situated along St. Pete Beach, Florida. The Beachcomber Beach Resort and Hotel and The Grand Plaza Beach Hotel & Beach Resort were acquired at a reported purchase price of $100 million. The partnership will commit an additional $24 million for major renovations to upgrade and rebrand the two properties. While both assets will initially remain independent and unbranded, BENCHMARK®,...

BENCHMARK to Manage, Renovate and Reposition Two St. Pete Beach Resorts Purchased by Capital Partner Gencom

January 3, 2019

The Woodlands (Houston), Texas, January 3, 2019 … Expanding its presence in Florida to the state's popular Gulf Coast, BENCHMARK®, a global hospitality company, will manage, renovate and reposition two properties on St. Pete Beach, an award-winning destination off the coast of St. Petersburg in Tampa Bay. A venture led by Benchmark's capital partner, Gencom, has purchased the two beachfront properties, The Beachcomber Beach Resort and Hotel and The Grand Plaza Beach Hotel & Beach Resort and committed $24 million for major renovations to upgrade the two properties. Gencom and Benchmark forged a strategic management par...

BENCHMARK®, A Global Hospitality Company, Makes Strategic Investment in UK’s etc.venues

etc.venues | June 4, 2018

Investment Expands Benchmark's Reach to over 80 locations Across Three Continents The Woodlands (Houston), Texas, June 4, 2018 … BENCHMARK®, a global hospitality company, and its capital partner, Gencom, have made a strategic investment in the UK-based etc.venues, a pioneering non-residential day meetings company with 15 properties in London, Birmingham and Manchester. The move and positioning significantly increases Benchmark's global footprint and creates exceptional opportunities for international expansion for both companies. The partnership means that Benchmark will now operate across three continents, with a total o...

Gencom-Led Ownership Acquires Andaz Costa Rica Resort at Peninsula Papagayo

Gencom | October 5, 2017

Miami, Fla. (October 5, 2017) – Gencom, a leading Miami-based international luxury hospitality and residential real estate investment and development firm, today announces the acquisition of Andaz Costa Rica Resort at Peninsula Papagayo by a Gencom affiliate, Papagayo Partners Ltd., in conjunction with local real estate developer Sinergo Development Group S.A. Following the August 2016 purchase of the 1,400-acre Peninsula Papagayo and Four Seasons Resort Costa Rica, this marks the second resort investment for the new ownership guided by Gencom on Peninsula Papagayo, a premier resort and residential destination in the Guanacaste pr...

Gencom Acquires Rosewood Tucker’s Point Resort In Bermuda; Plans $25M Renovation

Gencom | May 18, 2017

Miami, Florida – May 18, 2017 – As Bermuda regains its status as a favored island destination among elite travelers around the world, one of the island's landmark resorts has been acquired by a U.S.-based investment firm. Rosewood Tucker's Point Hotel and Resort has been purchased by an affiliate of Gencom, a Miami, Florida firm that owns and develops prized hospitality and residential real estate around the world. The resort will remain under the management of Rosewood Hotels & Resorts, which has managed the property since 2011. News of the acquisition came with the announcement that the Gencom-led purchaser will in...

Gencom Affiliate Acquires Costa Rica’s Peninsula Papagayo, Including the 182-Key Four Seasons Papagayo Resort

Gencom | August 18, 2016

MIAMI -- August 18, 2016 -- Gencom, a leading U.S.-based international luxury hospitality and residential real estate investment and development firm, today announced the acquisition of Peninsula Papagayo Resort by a Gencom affiliate. The ownership acquired the 1,400-acre luxury master development in Costa Rica's famed Guanacaste province for an undisclosed sum. Anchored by the award-winning, 182-key Four Seasons Papagayo, Peninsula Papagayo includes such luxury amenities as an 18-hole Arnold Palmer-designed golf course and clubhouse, the 180-slip Marina Papagayo, and the 38,000 square foot Prieta Beach Club – all of which are rec...

Benchmark Resorts & Hotels and Gemstone Hotels & Resorts Join Together

July 11, 2016

New Company Operates 58 Independent Properties in US and Internationally The Woodlands (Houston), Texas, July 11, 2016 Benchmark Hospitality International® and Gemstone Hotels & Resorts, a Gencom affiliate, both recognized global leaders in the management and marketing of resorts, hotels and conference centers, announce that Benchmark and Gemstone have joined together to create a portfolio of 58 unique and distinctive properties with 10,000 staff members across the globe. "This merger was a natural fit," explains Benchmark Hospitality International CEO Alex Cabañas. "Not only do we share a similar focus on...

Historic 114-Room Ames Boston Hotel Acquired by Gencom to be Operated by Gemstone Hotels & Resorts

Gencom | December 21, 2015

BOSTON, (Dec. 21, 2015) - Representatives of Gencom, one of North America's leading luxury hospitality and residential / mixed-use real estate investment and development firms, today announced that, through its new partnership with Gemstone Hotels and Resorts, it has acquired the 114-room Ames Boston Hotel in the heart of downtown Boston. The property will be operated by Gemstone Hotels & Resorts, a full-service hotel management company that specializes in operating luxury and upscale urban hotels and resorts. Gencom and Gemstone will immediately undertake and jointly oversee a multi-million dollar renovation to re-position and ...

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