History and future converge during a pivotal period in the global hospitality market
LONDON, October 7, 2021 / PRNewswire / – Highgate, a leading property investment and hotel management firm, has announced two new additions to the UK market: the acquisition of Dorsett City London Hotel and the management of Grosvenor House Suites in that of London Mayfair district. The additions mark Highgate’s return to the UK and European markets and the company’s confidence in the return of tourism and business travel.
“Highgate’s philosophy over three decades of investing in Europe has been to acquire well-located real estate at prices below replacement cost, and to seek opportunities where Highgate has a distinct ability to add value. The Dorsett City London Hotel exemplifies this strategy, ”said Mehdi Khimji, Managing Director at Highgate. “Highgate plans to continue to seek opportunities at the scale of a single asset, portfolio and platform throughout. Europe by adhering to the key principles that have contributed to the historical success of the company – fostering relationships with the main players in the industry; innovate around operational, distribution and hotel positioning capacities; target opportunities where Highgate has a distinct ability to add value; and acting as a highly reliable and collaborative counterparty on transactions. “
Located in the heart of that of London Financial district, with a solid reputation for luxury and service, the Dorsett Hotel London is well positioned for a new wave of business and leisure travel. This hotel offers a unique blend of British charm and Asian hospitality, with stunning views of that of London iconic skyline, and is located near bustling Shoreditch and its many galleries, as well as the Tower of London, Tate Modern and Tower Bridge. The agreement is the latest partnership between Cerberus and Highgate.
Grosvenor House Suites is a 130-unit luxury aparthotel located in the Mayfair district on Park Lane. As part of its management services, Highgate partners with the property of the property to develop future positioning and refurbishment to relaunch the property and capitalize on its unique apartment-style accommodations and location, which cater for demanding international travelers looking for long term stays and impeccable service.
“In addition to our acquisition platform, we are focused on growing our management platform in the UK and Europe through strategic asset and portfolio management contracts, mergers and acquisitions of operating companies and, in some situations, leases, “said Richard russo, director at Highgate. “Highgate will particularly focus on opportunities where the business can see an ability to add value through operational improvements, business plan repositionings and partnerships with talented management teams. “
For more information, visit Highgate.com.
Highgate is a global real estate investment and hotel management firm. We have 30 years of experience 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 on hotel real estate, Highgate’s portfolio includes over 350 owned and / or managed hotels comprising over 65,000 rooms across Europe, United States, Latin America, and the Caribbean. Highgate has offices in London, new York, Dallas, Miami, Seattle, and Waikiki. www.highgate.com.
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