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
Highgate Appoints Kelly Sanders as Vice President of Operations
Meridian Group Completes $37 Million Transformation of Maryland’s Iconic Hyatt Regency Bethesda
Highgate Appoints Brent McNally General Manager for The Gates Hotel South
Alohilani Resort Waikiki Beach Unveils Extensive $115 Million Transformation and Rebranding
Alohilani Resort Waikiki Beach to Be Unveiled in December 2017 Following $115 Million Transformation
Owned by Highgate and Managed by InnVentures, New Home2 Suites by Hilton Tampa USF Near Busch Gardens Opens in Florida
FelCor Sells Royalton New York to Joint Venture Between Rockpoint Group and Highgate for $55 Million
Highgate Names Lucy Martin General Manager of The Celino South Beach, Opening Fall 2017
Patriarch Equities, Sioni Group, and Highgate Acquire 618-Room Affinia Manahattan NYC Hotel
Andrew Beer Named Executive Chef of Boston Park Plaza
General Manager Oliver Key Leads $35 Million Renovation of Miami's St. Regis Bal Harbour Resort
DiamondRock Hospitality Completes Final Phase of Historic Lexington New York City's $50 Million Renovation
Rockpoint Group and Highgate Opens The Gates Hotel South Beach - a DoubleTree by Hilton in Miami Beach, Florida
Boston Park Plaza Completes Multi-Year $100 Million Renovation and Restoration
Former Viceroy Miami Opens as W Miami in the Downtown Mixed-Use Development, Icon Brickell
Jacqueline Cox Named as Director of Sales and Marketing for Quin Hotel in New York
Boston Park Plaza Appoints Jonathan Crellin as Managing Director
The Knickerbocker Appoints Mario Busquets as Director of Sales & Marketing
Highgate Opens Transformed Hilton Garden Inn Key West / The Keys Collection in Key West, Florida
Highgate Hotels Names Shawn Hauver as New Managing Director for NYC Landmark Hotel, The Knickerbocker
Please login or register to post a comment.