gencom
Hyatt & Gencom Propose Redevelopment of the Downtown Miami Hyatt Site
Gencom | May 11, 2022
Miami – May 11, 2022 – Hyatt has teamed up with Miami-based luxury hospitality and residential developer Gencom, with the goal of redeveloping Downtown Miami’s iconic Hyatt Regency Miami, improving access in and out of the urban core, and activating a key piece of Miami’s riverfront. The Hyatt and Gencom venture is proposing a privately funded redevelopment that will comprise a reimagined upscale Hyatt Regency hotel with 615 hotel rooms and premium meeting space, more than 1,500 residential apartments, and open-air public space along the Miami River. The proposed development seeks to amend and restate the ground lease that ushered i...
Provenance Hotels and Gencom Affiliate Form GenPro
Provenance Hotels | April 25, 2022
PORTLAND, Ore. and MIAMI--Provenance Hotels (Provenance) and affiliates of Gencom, a leading domestic and international investment and development firm, today announced the formation of a special purpose hospitality venture, GenPro. As part of the venture, Provenance will contribute various hotels it owns throughout the United States, along with cash, and the Gencom affiliate will contribute cash. Jointly led by Provenance’s Founder and Chairman, Gordon Sondland, and Gencom Founder, Karim Alibhai, the venture will seek to expand through future acquisitions and/or redevelopment opportunities. GenPro’s hotel assets will be managed by B...
Benchmark Global Hospitality and Pyramid Hotel Group Announce Merger
Benchmark Pyramid | September 30, 2021
BOSTON and THE WOODLANDS, Texas – September 30, 2021 – Two storied hotel and resort management companies have aligned forces, creating one powerhouse organization strategically positioned for the future of the global hospitality industry: Benchmark Pyramid. With a worldwide portfolio of 210 properties and annual operating revenue under management of more than $3 billion, the new company captures the passions and unique strengths of Benchmark Global Hospitality, a celebrated leader in the development and management of independent and lifestyle properties, and Pyramid Hotel Group, with its history of success across branded/franchise and re...
Bellwether Beach Resort Opens in Florida’s St. Pete Beach
Bellwether Beach Resort | August 16, 2021
ST. PETE BEACH, FL – August 16, 2021 – Bellwether Beach Resort opened on August 13th in St. Pete Beach, Florida, as the destination’s newest independent beachfront hotel and the first in more than ten years. Housed inside an iconic tower that’s been a fixture on St. Pete Beach since the 1970s, Bellwether debuts as a trendsetter in this award-winning destination with its bold design, unmatched dining experiences, and elevated services. Located on the #1 beach in the U.S., Bellwether’s retro-Florida, modern-chic style lures guests into vacation mode from the moment they arrive: a sprawling lobby dressed in mid-century furnishing...
Gencom-Led Partnership Acquires Fairmont Southampton, Bermuda From AccorInvest
Gencom | December 16, 2019
MIAMI, Dec. 16, 2019 - An affiliate of Miami-based Gencom, a leading domestic and international investment and development firm, has acquired Fairmont Southampton, Bermuda. The hotel will remain under the brand and management of Fairmont Hotels & Resorts. News of the acquisition comes with the announcement that the U.S.-based investment firm has committed to a long-term investment in the property, returning one of Bermuda'sleading resorts to its original glory. Financial terms of the transaction were not disclosed. The acquisition marks Gencom's second investment in Bermuda. In 2017, a Gencom-led affiliate acquired the 200-acr...
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...
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