Gencom Group Co

Description

Founded in 1987 by Karim Alibhai, Gencom Group, an investment and development firm, is a major player in the hospitality and related real estate industries. When the company was originally formed, its activities primarily focused on acquisition, ownership, development and management of full-service properties under the Hilton, Sheraton, Radisson and Wyndham brands throughout the United States, Canada and Mexico. As Gencom established a name for itself in the full-service market, it began to seek new opportunities and ventured into new market segments. In 1997, Gencom shifted its focus to developing and acquiring luxury mixed-use hotels, including The Ritz-Carton and Hyatt properties, with ancillary residential components in key resort and urban markets. By aligning itself with prominent investors and lenders such as Lehman Brothers, Whitehall Group, Credit Suisse First Boston and Jamestown Investors, Gencom has become a major player in joint-venture investments, which has enabled the company to be involved in a number of luxury hotel and residential developments. Through its partnerships, Gencom has successfully acquired distressed and under-performing hotels, re-positioned and improved the management teams, and implemented creative financing strategies to develop the hotel properties into revenue-generating assets. Since 1997, Gencom has been involved in more than 10 luxury hotels and resorts with significant residential components with a total investment value exceeding...

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