Playa Largo Resort is a luxurious resort located in Key Largo, Florida. It offers stunning views of the ocean, fine dining experiences, and a range of activities for guests to enjoy.
But have you ever wondered who owns this magnificent resort? In this article, we will explore the ownership of Playa Largo Resort.
The Beginning
Playa Largo Resort was built by Prime Hospitality Corp in 2016. Prime Hospitality Corp is a real estate investment trust that owns and operates hotels and resorts across the United States.
The Acquisition
In 2018, Playa Largo Resort was acquired by Gencom, a real estate investment firm based in Miami. Gencom specializes in luxury properties and has an impressive portfolio of hotels and resorts around the world.
Gencom’s Investment Strategy
Gencom’s investment strategy is to acquire luxury properties with significant growth potential. They look for properties that are undervalued or underperforming and invest heavily in renovations and upgrades to maximize their potential.
The Renovation
After acquiring Playa Largo Resort, Gencom invested over $20 million into renovating the property. The renovations included upgrading guest rooms, adding new restaurants and bars, revamping the pool area, and adding a fitness center.
The Management
Gencom manages Playa Largo Resort through their subsidiary company Benchmark Global Hospitality. Benchmark Global Hospitality is a leading hospitality management company that operates over 70 hotels and resorts across North America.
Benchmark’s Philosophy
Benchmark Global Hospitality has a philosophy of creating personalized experiences for their guests. They believe that each guest is unique and should be treated as such. They strive to create memorable experiences that keep guests coming back time after time.
The Conclusion
In conclusion, Playa Largo Resort is owned by Gencom, a real estate investment firm based in Miami. Gencom specializes in luxury properties and has invested heavily in renovating Playa Largo Resort to maximize its potential.
The property is managed by Benchmark Global Hospitality, a leading hospitality management company that values personalized experiences for their guests. If you’re looking for a luxurious getaway in Key Largo, Playa Largo Resort should definitely be on your list.
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