NORTIA and MAZABI acquire The Ritz-Carlton Central Park hotel in New York together with Gencom

The initiative includes an additional investment aimed at improving the hotel’s NOI, after which its market value would exceed $500 million.

The Spanish consortium formed by NORTIA and MAZABI, within the framework of the joint venture created with Panghea Capital Partners and White Bridge Capital for the development of investments in the United States, has taken a 45% stake in the hotel, while its local partner Gencom has acquired the remaining capital.