Westbrook Partners Sells Ritz-Carlton Hotels in New York and Washington in Major Luxury Portfolio Shift
Two iconic Ritz-Carlton properties change hands as real estate investor reshapes holdings in key U.S. gateway cities
Westbrook Partners, a Florida-based real estate investment firm, has completed the sale of The Ritz-Carlton New York, Central Park and is finalising the sale of The Ritz-Carlton Washington, D.C., marking a significant shift in ownership of these landmark luxury hotels.
The 253-room Ritz-Carlton New York, located at 50 Central Park South, has been acquired by Miami-based investor Gencom, which has steadily expanded its hotel portfolio in Manhattan with several high-end acquisitions in recent years.
Gencom’s purchase, financed with the support of Banco Inbursa, underscores sustained investor confidence in New York’s premium hospitality sector as global travel demand strengthens.
In Washington, D.C., an affiliate of Trinity Investments is expected to acquire the 300-room Ritz-Carlton in the West End, although terms of that transaction have not been publicly disclosed.
Together, the transactions form part of Westbrook’s broader strategy to reposition its holdings after decades of real estate investment totaling more than $14 billion, including other hotel sales such as its Four Seasons property in San Francisco.
Both properties are deeply embedded in their respective urban luxury markets — the Central Park hotel is renowned for its park-fronting suites and high-end amenities, while the Washington property has been a staple of the Capital’s hospitality landscape.
Industry observers say that Westbrook’s divestments reflect broader trends in hotel investment, where capital is reallocating toward owners and operators focused on long-term luxury growth and operational optimisation in top-tier destinations.
For both buyers, these acquisitions not only add prestigious assets to their portfolios but also signal continued appetite for marquee hotel properties in major U.S. cities.
The 253-room Ritz-Carlton New York, located at 50 Central Park South, has been acquired by Miami-based investor Gencom, which has steadily expanded its hotel portfolio in Manhattan with several high-end acquisitions in recent years.
Gencom’s purchase, financed with the support of Banco Inbursa, underscores sustained investor confidence in New York’s premium hospitality sector as global travel demand strengthens.
In Washington, D.C., an affiliate of Trinity Investments is expected to acquire the 300-room Ritz-Carlton in the West End, although terms of that transaction have not been publicly disclosed.
Together, the transactions form part of Westbrook’s broader strategy to reposition its holdings after decades of real estate investment totaling more than $14 billion, including other hotel sales such as its Four Seasons property in San Francisco.
Both properties are deeply embedded in their respective urban luxury markets — the Central Park hotel is renowned for its park-fronting suites and high-end amenities, while the Washington property has been a staple of the Capital’s hospitality landscape.
Industry observers say that Westbrook’s divestments reflect broader trends in hotel investment, where capital is reallocating toward owners and operators focused on long-term luxury growth and operational optimisation in top-tier destinations.
For both buyers, these acquisitions not only add prestigious assets to their portfolios but also signal continued appetite for marquee hotel properties in major U.S. cities.
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