Investments & Funding

This project strikes a particularly special chord as Hard Rock’s first hotel with a casino in Puerto Rico.

“Gencom continues to see compelling long-term opportunities in New York City, particularly for luxury assets with enduring global appeal,” said the Founder Karim Alibhai.

The N LINE hotel, spanning approximately 80,000 square meters, is conceived as an integrated experience combining premium hospitality with service apartments, targeting both business and leisure travelers.

The combined entity will operate across four GCC countries, achieving significant economies of scale in procurement, logistics, and marketing, which is rare for a listed company in this segment of the hospitality industry.

This diversification strengthens the group’s overall market position and reduces reliance on traditional hotel revenue streams by tapping into the steady demand of the business-to-business and institutional foodservice market.

The new airport features significantly larger infrastructure and is designed to align with international operational best practices, enabling it to handle greater passenger volumes and larger aircraft more efficiently.

The work includes modernizing port infrastructure and improving critical landside connections, such as roads and logistical hubs, to ensure seamless access for visitors traveling from ship to shore and onward to the country’s premier cultural and natural attractions.

Central to the 100-hotel vision is a partnership model that combines Choice’s global systems and brands with deep local expertise.

RIU has also introduced RIU Party in Tanzania which will be open for guests from the chain’s three hotels on the island. These celebrations are scheduled to take place every Friday at RIU Jambo.

This move strategically taps into Doha’s maturing tourism and business landscape. By converting an existing property to the Kimpton flag, IHG accelerates its market entry with a prime asset, avoiding the longer timeline of a ground-up development.