Gencom Reacquires Majority Interest in The Ritz-Carlton Coconut Grove, Miami
MIAMI — December 26, 2025 — Miami-based investment firm Gencom announced that one of its affiliates has reacquired a majority interest in The Ritz-Carlton Coconut Grove, a 115-key hotel located at 3300 SW 27th Ave. in Miami, Florida. The transaction was financed by Banco Inbursa for an undisclosed amount.
Gencom Reacquires Majority Stake
The reacquisition marks a return for Gencom, which first acquired the property in 2011 before selling a majority stake to Hersha Hospitality Trust in 2017. The firm stated that reacquiring a majority stake aligns with its strategy of investing in high-quality assets in markets with strong fundamentals.
“The Ritz-Carlton Coconut Grove has always been a special property for Gencom, reflected by our history with the asset and Coconut Grove’s timeless appeal,” said Karim Alibhai, founder of Gencom. “Reacquiring a majority stake aligns with our strategy of investing in high-quality assets in markets with strong fundamentals.”
Property Overview
The Ritz-Carlton Coconut Grove opened in 2002 and includes approximately 30,000 square feet of indoor and outdoor meeting space, a swimming pool, poolside restaurant, boutique spa and salon, and a fitness center. The 21-story hotel underwent a renovation in 2018 that updated guestrooms, the lobby, swimming pool, and food and beverage spaces, including the openings of Isabelle’s Coconut Grove and The Commodore cocktail bar.
Financing and Market Context
The transaction was financed by Banco Inbursa, a financial institution with experience in hospitality and commercial real estate financing. Terms of the financing were undisclosed. According to Alessandro Colantonio, chief investment officer at Gencom, the reacquisition reflects the firm’s confidence in Miami’s lodging fundamentals and the strength of the local economy.
Source: Gencom