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Gencom-led partnership to buy two hospitality assets

A Gencom-led partnership has acquired two resorts in Florida namely, The Beachcomber Beach Resort and Hotel and The Grand Plaza Beach Hotel & Beach Resort, PE Hub reported. The deal was valued at $100 million. The partnership will commit an additional $24 million to refurbish and rebrand the properties. Benchmark, a global hospitality company, will manage the two properties. US-based Gencom Real Estate Services Corporation is a developer of real estate properties.

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Commercial Real Estate, Commercial Real Estate deals,Real Estate,Real Estate deals