Miami Investment Firm Buys Ritz-Carlton Fort Lauderdale

Law360, Miami (July 23, 2013, 6:02 PM EDT) -- Holliday Fenoglio Fowler LP has closed a sale of the 166-room Ritz-Carlton Fort Lauderdale to an affiliate of Miami-based investment and development firm Gencom, it announced Tuesday.

Details of the sale were not disclosed. Ritz-Carlton will remain as the manager of the beachfront property, which opened in 2007 as a St. Regis-branded hotel and is currently the only AAA Five Diamond-rated hotel in Broward County, according to HFF. Gencom partnered with an affiliate of global investment firm Invesco Ltd. on the purchase, according to a press...
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