Highgate Assumes Management of the Joule in Dallas and Le Meridien Central Park in New York City

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USA, New York City, New York. February 13, 2024

Highgate announced that it has assumed management of the landmark Joule in Dallas and Le Meridien Central Park in New York City and will be managing the upcoming Amrit Ocean Resort in Singer Island, Monterey Beach Hotel and the redevelopment of the Bellevue Hotel Philadelphia, which will all open in 2024.

With Highgate's proven track record operating a diverse portfolio of legacy brands and independent hotels and resorts, the Company is actively bringing its 30+ years of hospitality leadership to the luxury lifestyle sector. Over the last two years, Highgate has welcomed properties including: The Joseph Hotels, located in Nashville and Columbus, The Elser Hotel Miami, Romer Neighborhood Hotels in New York City and Waikiki, and continues to expand globally into significant international markets with Hotel Saint and Grosvenor House Suites in London, and Palacio del Inka, Hotel Paracas and Tambo del Inka - three Luxury Collection Hotels/Resorts in Peru as well as Cascade Wellness Resort in Lagos, Portugal. With the newly announced additions to the portfolio, Highgate is now operating 8,100+ keys in this premier category with another 1,500 keys under development.

Highgate will bring to each hotel its institutional management platform, proprietary revenue and distribution strategies, unique marketing, programming, and positioning capabilities, and best-in-class team. Highgate also brings significant value-add capabilities through its in-house design and construction studio, LUCID, as well as its food and beverage division, TableOne Hospitality, a partnership with renowned Chef Michael Mina and restaurateur, Patric Yumul. Highgate's Marketing and Creative Group guides its independent properties through the entire hotel lifecycle — whether from the ground up, or to bolster the performance of established hotels. This suite of dynamic offerings and expertise has recently catapulted Highgate into a position of leadership within the luxury lifestyle space.

"The continued expansion of our luxury lifestyle portfolio is a reflection of a concerted effort to build the best team in the industry to operate world class hotels, create unparalleled experiences for guests and deliver exceptional returns for owners," said Highgate CEO Arash Azarbarzin. "As we look ahead to 2024 and beyond, we anticipate more exciting news to share."

The growth of Highgate's luxury and lifestyle division comes on the heels of the appointment of Arash Azarbarzin to CEO in 2022, who brings more than 40 years of leadership experience with luxury hotel brands. He will oversee the division, supported by Jeff Toscano, Executive Vice President of Luxury and Lifestyle, a recognized industry expert in creating innovative and impactful hotel concepts.

Highgate's current portfolio in this key segment includes an award-winning collection of diverse properties, such as The Newbury Boston, Park Lane New York, The Knickerbocker, Modernhaus, The Marker Key West, Hotel Figueroa in Los Angeles, and Alohilani Resort Waikiki Beach.