Highgate <\/a>announced the acquisition of\u00a0The InterContinental New York Times Square, a 607-key luxury hotel situated in Midtown Manhattan.<\/p>\nThe property will transition from IHG management to an IHG franchise, with Highgate assuming management. The hotel will also undergo an extensive renovation of guestrooms, public spaces, and dining venues.<\/p>\n
\u201cAs Gencom\u2019s second hotel acquisition in New York City in the past 18 months, this transaction underscores our confidence in the long-term strength and global appeal of this destination,\u201d said Karim Alibhai, founder and principal of Gencom. \u201cWe look forward to leveraging Gencom\u2019s expertise to elevate the property\u2019s experience further, blending luxury with the energy and sophistication of Manhattan.\u201d<\/p>\n
Argent Ventures\u2019 recent acquisition and conversion of the Crowne Plaza Times Square into the Hyatt Regency Times Square, which is also operated by Highgate, highlights the firm\u2019s continued investment in the city\u2019s hospitality landscape.<\/p>\n
Highgate will assume operational leadership of the property. This acquisition follows Highgate\u2019s recent investment in the 1,331-room Row NYC.<\/p>\n
\u201cHighgate is thrilled to complete another significant investment in New York, and to partner with Gencom and Argent Ventures,\u201d said Zach Berger, principal. \u201cHighgate has invested in New York across multiple cycles and multiple asset classes, and remains committed to fielding a best-in-class operating team in the market and delivering exceptional experiences for our guests and leading results for our partners. We are also excited to continue expanding our activities with IHG, and to lead this new chapter for the InterContinental New York Times Square.\u201d<\/p>\n
Transaction Details<\/p>\n
The acquisition financing for the transaction was provided by Monroe Capital.<\/p>\n
\u201cMonroe is excited to partner on another deal with Gencom, one of the premier high-end hospitality sponsors globally.\u00a0In addition, Monroe is pleased to complete a transaction with two additional blue-chip sponsors, Argent and Highgate,\u201d said Kyle Asher, managing director and co-head alternative credit solutions of Monroe Capital.<\/p>\n
Eastdil Secured represented the seller on the sale as well as the buyer in securing financing. The seller was a joint venture between Tishman and MetLife Investment Management.<\/p>\n","protected":false},"excerpt":{"rendered":"Photo Credit: InterContinental New York Times Square MIAMI, Florida\u2014A partnership between\u00a0Gencom,\u00a0Argent Ventures, and\u00a0Highgate announced the acquisition of\u00a0The InterContinental…\n","protected":false},"author":2,"featured_media":69037,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[2725,5590,35765,35766,22064,19530,35767,35768,35769,35770,35771,35772,35773,35273,9,2262,11,10],"class_list":["post-69036","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york","tag-2725","tag-acquisitions","tag-argent-ventures","tag-deal-report","tag-december","tag-december-2025","tag-finance-and-development","tag-gencom","tag-highgate","tag-hotel-sale","tag-hotel-sale-news","tag-hotel-sales","tag-ihg","tag-intercontinental-new-york-times-square","tag-new-york","tag-new-york-city-hotels","tag-new-york-headlines","tag-new-york-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/69036","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=69036"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/69036\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/69037"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=69036"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=69036"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=69036"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"InterContinental](\"https:\/\/www.newsbeep.com\/us-ny\/wp-content\/uploads\/2025\/12\/InterContinental-New-York-Times-Square-696x460.jpg\" "\\"InterContinental")
Photo Credit: InterContinental New York Times Square<\/p>\n