Highgate Named Asset Manager for ARTIC’s U.S. And European Hotel Portfolio
February 10, 2016 11:44am
New York, NY - February 10, 2016 - Highgate, a premier hospitality investment and management company, announced today that it has been retained as asset manager for the U.S. and European hotel portfolio of Al Rayyan Tourism Investment Company (ARTIC). A subsidiary of Al Faisal Holding, ARTIC is a leading international owner of hospitality assets with an increasing investment presence in the United States. ARTIC’s current U.S. and European hospitality offerings include The St. Regis Washington D.C., The St. Regis Bal Harbour Resort, Radisson Blu Aqua Hotel Chicago, The Manhattan at Times Square and the Grand Hyatt Berlin.
ARTIC and Highgate began their partnership in February 2015. At that time, ARTIC purchased The Manhattan at Times Square together with Highgate, and retained Highgate as manager. With the success of this transaction, ARTIC elected to implement Highgate asset management across their U.S and European portfolio of hospitality assets.
In addition, ARTIC retained Highgate to manage the Aleph Hotel in Rome, Italy. Highgate will oversee a multi-million dollar renovation and relaunch of that luxury boutique hotel.
Currently operating 100 hotels and 27,000 rooms worldwide, Highgate is a globally recognized brand throughout the hospitality industry and has further plans to expand its presence through 2016 and beyond.
al rayyan tourism investment company
Highgate is a premier hospitality investment and management company widely recognized as an innovator in the industry. Highgate is the dominant player in U.S. gateway markets including New York, Boston, Miami, San Francisco and Honolulu. Highgate also has an expanding presence in key European markets through properties in London, Paris, Barcelona, Vienna and Prague. Highgate’s portfolio of global properties represents an aggregate asset value exceeding $10B and generates over $2B in cumulative revenues. The company provides expert guidance through all stages of the hospitality property cycle, from planning and development through recapitalization or disposition. Highgate also has a proven record of developing bespoke hotel brands and utilizes industry leading proprietary revenue management tools that identify and predict evolving market dynamics to drive outperformance and maximize asset value. With an executive team consisting of some of the industry’s most experienced hotel management leaders, the company is a trusted partner for top ownership groups and major hotel brands. Highgate maintains corporate offices in London, New York, Dallas, and Seattle.
Contact: Courtney Long / Alexis Chernoff
Courtney@njfpr.com / AlexisC@njfpr.com /
857-350-4052 / 212-228-1500
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