Highgate Expands UK Portfolio With Addition of Two Properties

United Kingdom, London. October 12, 2021

Highgate, a leading real estate investment and hospitality management company, has announced two new additions in the UK market - the acquisition of Dorsett City London Hotel and the management of Grosvenor House Suites in London's Mayfair District. The additions mark Highgate's return to the UK and European markets and the company's confidence for tourism and business travel to return.

"Highgate's philosophy over three decades of investing in Europe has been to acquire well-located real estate at discounts to replacement cost, and to pursue opportunities where Highgate has a distinct ability to add value. The Dorsett City London Hotel exemplifies that strategy," said Mehdi Khimji, Managing Principal at Highgate. "Highgate plans to continue pursuing single asset, portfolio and platform wide opportunities throughout Europe by adhering to the key principles that have contributed to the company's historical success - fostering relationships with key industry constituents; innovating around operational, distribution, and hotel positioning capabilities; targeting 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 London's financial district, with a strong reputation for luxury and service, the Dorsett Hotel London is well-positioned for a new surge of business and leisure travel. This hotel offers a unique blend of British charm and Asian hospitality, with awe-inspiring views of London's iconic skyline, and is situated near the vibrant Shoreditch and its array of galleries, as well as the Tower of London, Tate Modern and Tower Bridge. The deal is the latest partnership between Cerberus and Highgate.

The Grosvenor House Suites is a 130-unit, luxury, aparthotel, located in the Mayfair neighborhood on Park Lane. As part of its management services, Highgate is partnering with the property's ownership to develop the future positioning and renovation to relaunch the property and capitalize on its unique apartment-style accommodations and location, which caters to discerning international travelers looking for long-term stays and impeccable service.

"In addition to our acquisition platform, we are focused on growing our UK and European management platform through strategic single asset and portfolio management contracts, operating company M&A and, in certain situations, leases," said Richard Russo, Principal at Highgate. "Highgate will have a particular focus on opportunities where the company can see an ability to add value through operational improvements, business plan repositionings, and partnerships with talented management teams."

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Coming up in September 2022...

Hotel Group Meetings: The Great Outdoors


There is some welcome good news in the Hotel Group Meetings sector. There seems to be a resurgence in activity - across all sectors and all sizes - from small board meetings to large in-person groups. However, hotels must remain flexible and proactive, as they seek to provide venues and programs that are productive, comfortable, and safe to all parties. One major development is the expansion of outdoor meeting activities. This trend not only serves to meet regulatory health standards, but it also promotes an environment of well-being. According to a recent study from WorldHealth.net, spending just 29 minutes outdoors can result in a 45% increase in productivity; and 63% of employees reportedly felt invigorated after being in fresh air. Combined with guided physical activities and healthy food and beverage offerings, a sense of wellness and productivity are established. The September Hotel Business Review will report on what some hotels are doing to accommodate the revitalization of group meeting business in their operations.