Posts Tagged ‘#highgate’

HIGHGATE ANNOUNCES AGREEMENT TO ACQUIRE VICEROY HOTELS & RESORTS

NEW YORK, Dec. 15, 2022 /PRNewswire-HISPANIC PR WIRE/ — An affiliate of the Principals of Highgate announced today that it has entered into a definitive agreement to purchase Viceroy Hotels & Resorts (Viceroy). The LA-based, award-winning hospitality group is known for its highly individual modern luxury hotels and resorts throughout the world, and was voted one of the top 10 hotel brands globally in the 2022 Travel + Leisure World’s Best Awards. The Viceroy brand debuted in 2000 with the launch of Viceroy Santa Monica and has evolved into a portfolio of hotels and resorts in iconic destinations such as St Lucia, Chicago, Los Cabos and Snowmass.

Highgate Logo

“We are excited for Viceroy’s future and we believe that this acquisition will not only fuel the future expansion of our brand, but also give us a true partner, one who will offer incredible support, opportunity and collaboration. This deal will accelerate our momentum, and solidify our position as the leading modern luxury lifestyle brand in our space,” stated Bill Walshe, CEO of Viceroy.

“We are thrilled to execute this transaction with Viceroy. Viceroy has built an outstanding customer reputation due in part to its strong service culture and incredible team,” said Richard Russo, Principal at Highgate. ”Through complementing Viceroy’s platform and DNA with Highgate’s diversified ability to grow through real estate acquisitions, development, and third-party growth channels, Highgate intends to add brand-accretive hotels to the Viceroy portfolio that will further enhance customer perception and brand awareness. Further, through powering Viceroy with a proprietary relationship with Highgate’s operating company, and imparting the benefits of Highgate’s scale, we will be able to provide significant incremental value to associates, guests, owners and partners.”

“We look forward to working with the Viceroy team to add visible and impactful hotels to the platform, and cement Viceroy as one of the most noteworthy luxury lifestyle hotel brands in the industry,” continued Russo. ”In the coming months, we will be announcing exciting additions to the portfolio in major urban gateway markets and select resort destinations that will invoke the distinct quality and luxury service that Viceroy has long been known for.”

The transaction is expected to close in early 2023. For more information on Highgate, visit Highgate.com.

ABOUT HIGHGATE:

Highgate is a leading real estate investment and hospitality management company with over $20 billion of assets under management. Highgate has a 30-year track record as an investment manager, operating partner, and developer for REITs, private equity firms, sovereign wealth funds, high net worth individuals, and other institutional investors. With a particular focus in hospitality real estate, Highgate’s portfolio includes over 500 owned and/or managed hotels comprising over 84,000 rooms across the United States, Europe, Latin America, and the Caribbean. Highgate’s capabilities extend to adjacent real estate verticals including multifamily, short-term rentals, and diversified healthcare real estate, as well as investments in real estate-linked securities, technology platforms, and hospitality-related operating businesses. Highgate maintains corporate offices in New York, Dallas, Los Angeles, London, Miami, Seattle, and Waikiki. For more information, visit: www.highgate.com

ABOUT VICEROY HOTELS & RESORTS:

Viceroy Hotels & Resorts is a global modern luxury brand, inspiring travelers with one-of-a-kind, authentic experiences that bring together provocative design and intuitive service. Dynamic destinations immersed in the local community and culture are at the core of the Viceroy guest experience, and to better serve travelers the brand has established three unique hotel categories consisting of the Icon Collection composed of unparalleled properties furnishing lavish experiences, the Lifestyle Series offering energizing stays in vibrant locales, and Urban Retreats based in bold, eccentric cities. Viceroy’s portfolio of hotels and resorts can be found in a diverse array of breathtaking and inspiring destinations, including Los Cabos, Santa Monica, Chicago, Beverly Hills, Riviera Maya, Snowmass, San Francisco, Washington D.C. and St. Lucia. In 2020, the brand expanded to D.C. with the opening of the Viceroy Washington DC and Hotel Zena (Washington D.C.), and Viceroy is growing its international portfolio with the recent opening of Viceroy Kopaonik Serbia and looking ahead with Viceroy at Ombria Resort Algarve (Portugal) in 2023 and Viceroy Bocas Del Toro Panama in 2024. Additionally, Viceroy was named in the top ten of ‘Top 25 Hotel Brands’ on Travel + Leisure World’s Best Awards 2022.

Viceroy for Everyone, Viceroy’s ongoing commitment to diversity, equity and inclusion to its colleagues and guests can be found at www.viceroyhotelsandresorts.com/about-us/diversity-equity-inclusion.

Viceroy is a member of the Global Hotel Alliance (GHA) DISCOVERY, a unique loyalty program offering exclusive benefits and experiences to its members at over 800 hotels around the world. For more information, visit www.viceroyhotelsandresorts.com. Follow Viceroy on Facebook and Instagram.

Logo - https://mma.prnewswire.com/media/1654513/Highgate_Logo.jpg

Click Here for More Information »

HIGHGATE TO OPERATE AWARD-WINNING PORTFOLIO OF HOTELS IN PERU

Transaction Solidifies Highgate as a Leading Hotel Manager in the Caribbean and Latin American (CALA) Region Across Branded and Independent Hotels

NEW YORK, March 15, 2022 /PRNewswire-HISPANIC PR WIRE/ – Highgate, a leading hotel management, investment, technology, and development company, announced today the Company’s launch into South America by taking over management of a portfolio of six hotels in Peru, owned by Urbanova – one of Peru’s most notable real estate groups. The deal expands Highgate’s portfolio in the Caribbean and Latin America (CALA) to a total of 26 hotels and resorts, making it one of the largest hospitality management companies in this sought-after region.

Highgate brings to the CALA market a best-in-class management approach, using innovative technology and hands-on in-market resources with a unique perspective that marries local culture with global experience, insight and scale.

The Peru portfolio is comprised of Marriott branded properties in irreplicable locations ranked best-in-class within their respective brands. They include Palacio del Inka Hotel, a Luxury Collection Hotel in Cusco, Tambo del Inka, A Luxury Collection Resort in Urubamba, Hotel Paracas, A Luxury Collection Resort, Aloft Lima Miraflores, AC Hotel Lima Miraflores and the Westin Lima Hotel & Convention Center.

These properties join Highgate’s current CALA portfolio, which includes a diverse collection of hotels and resorts including: The Ocean Club, a Luxury Collection Resort in Costa Norte, Dominican Republic, AC San Juan, Aloft Tulum in Mexico, Acoya Curaçao Resort, the BRIX hotel, an Autograph Collection hotel in Port of Spain, Trinidad and the ROK hotel, a Tapestry Collection hotel in Kingston, Jamaica. Earlier this year, Highgate also announced that it had acquired and assumed management of the Embassy Suites by Hilton San Juan Hotel & Casino.

To oversee the CALA portfolio, which spans 13+ countries including Aruba, Belize, Curacao, Dominica, Dominican Republic, Jamaica, Mexico, Peru, Puerto Rico, St. Lucia, Trinidad and Turks and Caicos, Highgate appointed Marco A. Selva, who recently joined as Senior Vice President of Luxury and Lifestyle Operations.

“We are honored to be awarded the management of Urbanova’s prestigious portfolio,” said Arash Azarbarzin, CEO of Highgate. “There is an enormous opportunity for growth throughout Peru and we look forward to tailoring our hospitality style, activations and best-in-class revenue management to the needs of each region. With Marco at the helm of such an outstanding team and hotel collection, we will establish a new standard for hospitality management in the country. Travelers across the world are increasingly drawn to the beauty and cultural vibrancy of the Caribbean and Latin America, and Highgate will be at the center of the development of these world-class destinations.”

“Our search for a management firm drew a fiercely competitive field of prospective partners, but we knew that Highgate offered an owner-centric perspective and standard of excellence that is unparalleled,” said Hugo Desenzani, CEO of Urbanova. “Our unique assets and fantastic talent – under the management and leadership of Highgate – will deliver incredible results and raise the hospitality bar in the region.”

About Highgate

Highgate is a leading real estate investment and hospitality management company widely recognized as an innovator in the industry. Highgate is the dominant player in major U.S. gateway cities including New York, Boston, Miami, San Francisco and Honolulu, with a growing footprint in Europe, the Caribbean and Latin America. The hospitality forward company provides expert guidance through all stages of the property cycle, from planning and development through recapitalization or disposition. Highgate has a proven record of developing its diverse portfolio of bespoke lifestyle hotel brands, legacy brands, and independent hotels and resorts with contemporary programming and digital acumen. The company utilizes industry-leading revenue management tools that efficiently identify and predict evolving market dynamics to drive outperformance and maximize asset value. With an executive team consisting of some of the most experienced hotel management leaders, the company is a trusted partner for top ownership groups and major hotel brands. Highgate maintains corporate offices in New York, Dallas, London, Miami, Seattle and Waikiki. www.highgate.com.

About Urbanova

Urbanova is a Peruvian Real Estate group with approximately $2bn of Assets Under Management. Its irreplicable portfolio in premium locations combine over 170,000 Sq ft of prime office buildings, 5 shopping malls, the country’s best hotel portfolio, and a vast landbank to be developed. Leveraging on its ability to develop and operate multiple asset classes, as well as an unparalleled local market knowledge, Urbanova has developed two clusters where Peruvians go to live, work and play. Its affiliate Intursa owns 9 hotels throughout Peru, including iconic city hotels such as the Westin Lima and JW Lima, luxury resorts in remote locations, historic hotels in Cuzco and a lifestyle select-service hotels in vibrant city boroughs. Urbanova Inmobiliaria

Photo - https://mma.prnewswire.com/media/1766302/Highgate__Luxury_Collection_Hotel__Cusco.jpg
Photo - https://mma.prnewswire.com/media/1766306/Highgate_Luxury_Collection_Hotel.jpg
Photo - https://mma.prnewswire.com/media/1766308/The_Westin_Lima_Hotel_Highgate.jpg
Logo - https://mma.prnewswire.com/media/1766304/Urbanova_Highgate.jpg
Logo - https://mma.prnewswire.com/media/1654513/Highgate_Logo.jpg

Click Here for More Information »