Highgate, Gencom, and Argent Ventures Acquire InterContinental New York Times Square
💰 MIAMI—In December 2025, Gencom, Argent Ventures, and Highgate acquired the 607-key InterContinental New York Times Square in Midtown Manhattan. This second Gencom purchase in NYC within 18 months emphasizes their faith in the city's appeal. The hotel will transition from IHG management to a franchise, led by Highgate, which recently invested in the 1,331-room Row NYC. Monroe Capital financed the acquisition, while Eastdil Secured facilitated the transaction.
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