- Gencom restructures, appoints new leaders.
- CEO Alibhai will oversee investment, operations.
- The company divided into two business lines.
GENCOM, A U.S.-BASED real estate investment and hospitality platform, introduced a new organizational structure and made several leadership appointments. The company divided its operations into two business lines: Gencom Capital and Gencom Real Estate.
The two businesses will have separate mandates while working together across the company’s real estate portfolio, Gencom said in a statement. Founder and CEO Karim Alibhai will continue to lead the company and oversee its investment and operating activities.
Alibhai, who was born in Kenya to a family of Indian origin, founded Gencom in 1987.
“Successful real estate platforms are built by combining disciplined investing with exceptional execution,” said Alibhai. “As Gencom continues to grow, this evolution strengthens our leadership, sharpens accountability and positions us to capitalize on the opportunities ahead while continuing to deliver outstanding outcomes for our investors and partners.”
Gencom Capital, led by chief investment officer Alessandro Colantonio, will oversee investment strategy, acquisitions, capital formation and allocation, capital markets, portfolio management and investor relations across its equity and debt platforms.
Ignasi Puig has been promoted to managing director, acquisitions and investments; Peter Trujillo to managing director, corporate investments and Blythe Pierre-Louis to managing director, special situations.
Gencom Real Estate will be led by Donald McGregor, who has been promoted to president of the division. He will oversee development, construction and asset management from acquisition through stabilization and exit.
Shaun Johnston has been promoted to head of portfolio finance and accounting at Gencom Real Estate and will report to McGregor. Jake Lynch has been appointed senior vice president, asset management, bringing more than 15 years of experience in hospitality investment, asset management and operations.
Alibhai said the new structure reflects Gencom’s team and will support the company’s growth while maintaining discipline in investment and operations.
Gencom, founded more than 40 years ago, has nearly $8 billion in assets under management, with 24 owned assets in operation or under development and more than 6,000 hotel rooms worldwide, the statement said. Its portfolio includes hotels, resorts and destinations operated under brands including The Ritz-Carlton Hotel Co., Rosewood Hotels & Resorts, Auberge Resorts Collection, Fairmont Hotels & Resorts, Hyatt Hotels Corp. and Marriott International.
“Our success has always been driven by exceptional people,” said McGregor. “As we continue to grow, we are building a team with the expertise to create value at every stage of the investment lifecycle. Jake is a terrific addition to the Gencom Real Estate platform, and Shaun’s promotion reflects the depth of talent we have developed within the firm. Together, they reinforce our ability to cultivate talent, build relationships and deliver measurable results for our investors, partners and stakeholders.”
In February, Gencom acquired the 253-key Ritz-Carlton New York at Central Park South in Midtown Manhattan from Westbrook Partners. It was Gencom’s third New York City acquisition in 16 months, following the Thompson Central Park in 2024 and the InterContinental New York Times Square in December.
