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Gencom Acquires Ritz-Carlton & Courtyard in New Orleans - Asian Hospitality - 0 views

www.asianhospitality.com/marriott-hotels-in-new-orleans

Gencom-New-Orleans-acquisition Ritz-Carlton-New-Orleans-2025 Courtyard-French-Quarter Luxury-hotels-New-Orleans Gencom-Ritz-Carlton-projects

shared by asianhospitality on 24 Mar 25 - No Cached
  • asianhospitality on 24 Mar 25
     
    GENCOM, A U.S.-BASED real estate investment and development firm, recently acquired The Ritz-Carlton New Orleans and the Courtyard New Orleans French Quarter/Iberville, a 758-key, two-hotel portfolio in New Orleans' French Quarter in Louisiana. The Miami-based firm is led by founder and principal Karim Alibhai. Chicago-based Monroe Capital provided financing for the acquisition, while New York-based Eastdil Secured represented both parties in the transaction, Gencom said in a statement. "We continue to build on our legacy of investing in and enhancing hospitality assets with this acquisition, expanding our presence in this key destination," Alibhai said. "New Orleans is a strong market for luxury hospitality, and we look forward to bringing our expertise to further elevate these properties. We are excited to work with Marriott to ensure The Ritz-Carlton, New Orleans, and Courtyard French Quarter continue delivering exceptional guest experiences."
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