Gencom, an international owner, developer and manager of real estate, announced that it has closed on a $550 million recapitalization of the Fairmont Southampton resort in Bermuda, funding a major redevelopment and expansion of the 593-room property.
The redevelopment underway at Fairmont Southampton will include a complete transformation of all guestrooms, upgrades to the hotel’s lobby and reception area, restaurant spaces, as well as the meeting spaces and ballrooms. The redevelopment will also include a multi-phased residential program with luxury residences branded under the Fairmont flag. The resort is slated to reopen in early 2026, following the comprehensive renovation.
Financing for the Fairmont Southampton transaction was provided by key institutional lenders, led by Starwood Property Trust and Clarien Bank.
In May 2024, Gencom announced the successful refinancing of the Rosewood Bermuda in Tucker’s Point. Gencom is leading a $17 million renovation of the Rosewood resort that includes improvements to the golf course and clubhouse, the Beach Club and the addition of new amenities and F&B concepts.
Gencom’s Bermuda assets are part of the firm’s branded hotel portfolio, which includes The Ritz-Carlton Bachelor Gulch; The Ritz-Carlton Key Biscayne; The Ritz-Carlton Philadelphia; The St. Regis Chicago; Four Seasons Costa Rica; Nekajui Ritz-Carlton Reserve, currently under construction; and other five-star flags under Auberge, Hyatt, and more. The Gencom portfolio comprises nearly $8 billion in assets under management and under development, and includes 24 owned assets with more than 7,000 hotel rooms around the world.
For more information, visit www.gencomgrp.com.
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