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Latham & Watkins Represents Corten Real Estate Partners in Recapitalization of the Provenance Hotels Portfolio

January 4, 2023
Firm advised the private real estate investment fund manager on a strategic venture with Gencom and Provenance Hotels.

Affiliates of Gencom, an international owner and developer of hospitality and residential properties, and Corten, a Mid-Atlantic based private real estate investment fund manager, announced the closing of a strategic venture with Provenance Hotels, an independent owner of boutique hotels. Under the venture, a Gencom-led partnership has acquired a 50 percent ownership stake in eight hotels across the United States, expanding the Miami-based firm’s portfolio by more than 1,400 rooms and suites.

Latham & Watkins LLP advised Corten on the transaction with a deal team led by New York partner and Global Co-Chair of the Real Estate Practice Michael Haas and New York partner Mark Semotiuk, with associate Lucas Fernandez-Rocha.