Additional Information and Where to Find It. Mehdi formerly served on the Board of Directors for the Vancouver General Hospital and University of British Columbia Hospital Foundation. The Company separately released its financial results for the third quarter this morning. As a true global citizen, Kristi has lived in six countries including the United States, Australia, Canada, UK, Taiwan and Hong Kong. There is no financing condition to the transaction. Nicole is an American and Swiss citizen, born in Iran and raised in Colombia. With a particular focus in hospitality real estate, Highgate's portfolio includes over 500 owned and/or managed hotels comprising over 84,000 rooms across the United States, Europe, Latin America . Located at 11606 North McKinley Drive, Home2 Suites by Hilton Tampa USF Near Busch Gardens offers guests convenient access to University of South Florida, Busch Gardens Tampa Bay and Adventure Island. GF currently operates over 130 individual hospitality entities, representing over 20,000 guest rooms. If we make any future public statements or disclosures which modify or impact any of the forward-looking statements contained in or accompanying this press release, such statements or disclosures will be deemed to modify or supersede such statements in this press release. In addition, she is currently serving on the Greater Boston Convention and Visitors Bureau branding committee. For more information, visit our. Previously, he served as Highgates COO for 20 years where he was responsible for implementing operating cost controls and effective operating budget management techniques, operational execution of the portfolio, organizational growth and managing a world class team. 2023 Trilantic Capital Management L.P.All Rights Reserved. New York. Prior to that, David spent 25-years with White Lodging serving as an award-winning General Manager, Regional Vice President, Senior Vice President of Regional Operations, and eventually becoming Chief Operating Officer. Rob leads the organizational growth and operational execution of Highgates Select Service division. Prior to its acquisition by GEI, Ned was the Chief Financial Officer, Treasurer, Chief Operating Officer, and a member of the Board of Directors of American Casino & Entertainment Properties (ACEP). Highgate is a premier real estate investment and hospitality management company widely recognized as an innovator in the industry. Guests can also enjoy an outdoor saline pool, fire pit and grill area. Highgate maintains corporate offices in New York, Dallas, Los Angeles, London, Miami, Seattle, and Waikiki. He joined Highgate after a successful career as a Senior Analyst with Rockbridge during their peak hotel investment period and began his career with Choice Hotels. He is a supporter of the Hawaiian Legacy Reforestation Initiative (HLRI), a non-profit organization committed to returning the indigenous koa, milo and sandalwood trees back to the Hawaiian Islands. This transaction continues our strategy of maximizing value and represents a compelling opportunity to deliver immediate and certain cash value to our stockholders. For more information or to make a reservation, visit Home2 Suites by Hilton Tampa USF Near Busch Gardens or call 813-750-8844. Greene then took his experience at ZaZa to Starwood Hotel & Resorts as Senior Director of New Builds & Conversions for W Hotels Worldwide, where he opened the iconic W Dallas Victory, which featured the first residences under the W brand. Our portfolio has accomplished a great deal over the past several years, and I would like to thank the entire team at CorePoint along with Wyndham, especially their operations field leaders, general managers and hotel staff, for the dedication, hard work and commitment to CorePoint., Mitesh Shah, CorePoints Chairman of the Board, added, The CorePoint Board, in consultation with our independent financial and legal advisors, conducted a comprehensive review of strategic alternatives and unanimously determined that this transaction maximizes value for our stockholders. The Viceroy brand debuted in 2000 with the launch of Viceroy Santa Monica and has evolved into a portfolio of hotels and resorts in iconic destinations such as St Lucia, Chicago, Los Cabos and Snowmass. He founded Highgate with his brother, Mahmood, in 1988. She also is on the Executive Board of Directors for NYC & Company, which is the official marketing, tourism and partnership organization for the City of New York. Greene also managed the Hard Rock Hotel San Diego, a condo hotel located in the citys entertainment corridor. In 2014, Mike further enhanced his educational background by earning a Masters Degree in Information Systems from the University of Maryland, Baltimore County, graduating Suma Cum Laude. During his time with Highgate, Tom had oversight over a diverse portfolio of hotels including Marriott, Hilton, Hyatt and IHG branded full and select service hotels, as well as independent, full service and resort properties. Contact: Kristen Wells, Director, Brand Public Relations. , . During his time at Highgate, Zach has been involved in over $12bn of hospitality and other real estate transactions. from the University of California Irvine. Within the division . Rob also has over 15 additional years of Hospitality experience at the field level with such companies as Ian Schrager Hotels, Helmsley Hotels, InterContinental and Westin Hotels and Resorts. Highgate. November 08, 2021 06:00 ET Highgate which owns and operates properties like the Huntington Hotel atop San Francisco's Nob Hill and the Knickerbocker in Times Square is already one of the largest hotel owners in. Business Services Unrealized New York, NY Invested in 2014 highgate.com J.P. Morgan Securities LLC is serving as lead financial advisor to CorePoint, Hodges Ward Elliott, LLC as co-advisor, and Simpson Thacher & Bartlett LLP as legal counsel to CorePoint. Highgate Highgate Charitable Foundation Preferred Hotels iPrefer TripAdvisor Readers Choice Awards 202 USA Today Hawaii Magazine 2022 Hawaii Magazine 2023 Stella Awards 2021 2023 alohilani resort waikiki beach. Highgate is the dominant player in U.S. gateway markets including. Mehdi is based in London and leads the Companys European growth strategy. Jason has served on many industry and community organizations including the Marriott Rooms Advisory Board and Food and Beverage Advisory Board. Prior to joining Highgate, Redmond served as Chief Accounting Officer of Choice Hotels International, Inc., a global hospitality company with a portfolio representing over 7,000 franchised, managed and owned hotels, where she led enterprise-wide process reengineering efforts, implemented complex accounting standards and improved internal control structures and procedures to accommodate the companys growth and evolving financial structure. Highgate is a leading real estate investment and hospitality management company with over $20 billion of assets under management. Ankur joined Highgate in 2003 and was integral in the development of Highgates proprietary revenue management, distribution and electronic marketing functions. David was also Chief Executive Officer of Janko Hospitality, responsible for the strategic, financial, and operational leadership of the organization. Kerry Mack is the Executive Vice President of Revenue & Distribution for Highgate Hotels. Throughout his career, Ned has held several senior level finance positions with Station Casinos, Inc., Silverton Casino, LLC, and Maloof Companies. INVESTORS AND SECURITY HOLDERS OF COREPOINT LODGING INC. ARE URGED TO READ THE PROXY STATEMENT AND OTHER DOCUMENTS THAT MAY BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. In his role as Principal, Rich is focused on identifying new conversion opportunities, leading the due diligence and site selection process, sourcing debt and equity partners, and negotiating long term management agreements. Affiliates of Georgia-based Global Hotel Group paid $61 million for the five hotels, records show. Highgate, led by co-chairmen Mahmood Khimji and Mehdi Khimji, has more than 87,000 hotel rooms under management across the U.S., Latin America, the Caribbean and Europe, according to the companys website. Hilton (NYSE: HLT) is a leading global hospitality company, with a portfolio of 14 world-class brands comprising more than 5,000 properties with more than 825,000 rooms in 103 countries and territories. Equinox Hospitality Acquires Four Points by Sheraton San Rafael Marin County for $38M, Park Lane New York Welcomes Niles Harris as Managing Director & Vice President of Operations, Ryman Closes Acquisition of JW Marriott San Antonio Hill Country Resort & Spa From Blackstone REIT for $800M, Viceroy Hotels & Resorts Appoints Sietse Nabben as Area General Manager of Viceroy Santa Monica and Le Meridien Delfina Santa Monica in California, Whitestone Companies Purchases Five Hotels From KKR Adding 612 Guestrooms to Portfolio, Highgate Appoints New Executives to The Knickerbocker Leadership Team, Blackstone Completes Acquisition of Cvent for $4.6 Billion, Summit Hotel Properties Acquires Residence Inn Scottsdale North for $29 Million, Pacifica Hotels Acquires Kimpton Hotel Vintage Seattle, CoralTree Hospitality Grows Texas Collection of Hotels & Resorts with the Addition of The Peninsula Beach Resort, The Jackson Family Partners With Ensemble Investments, LLC to Purchase Sonoma Countys Vintners Resort, Cienda Partners and Pendant Capital Acquire SENZA Hotel in Napa, California, OUTRIGGER Hospitality Group to Acquire 432-Key Kaanapali Beach Hotel on Maui, Shaner Hotels Acquires 86-Room Hampton Inn & Suites by Hilton Hershey in Pennsylvania, Gencom & GD Holdings Led Joint Venture Acquires Brand New St. Regis Chicago, Marriott International Expands Into Affordable Midscale Segment With Acquisition of the City Express Brand Portfolio, The Siegel Group Enters Florida With Its Siegel Select Extended-Stay Brand, Hyatt to Acquire Luxury Booking Platform Mr & Mrs Smith, Chartwell Hospitality Sells Home2 Suites Colorado Springs for $29 Million, Mews Acquires Canadian-Based Hotello to Expand North America Operations. and other third-party hotel managers and franchisors; covenants in our hotel management and franchise agreements that limit or restrict the sale of our hotels; risks posed by our disposition activities, including our ability to contract with qualified buyers and the risk that purchasers may not have the access to capital or meet other requirements; risks resulting from significant investments in real estate; cyber threats and the risk of data breaches or disruptions of technology information systems; the growth of internet reservation channels; disruptions to the functioning or transition of the reservation systems, accounting systems or other technology programs for our hotels, and other technology programs and system upgrades; and our substantial indebtedness, including restrictions imposed on our ability to access our cash. Arash will also lead the development of specialized Food & Beverage and Marketing divisions. Contact: John Ball, General Manager, Home2 Suites by Hilton Tampa USF Near Busch Gardens. The Huntington Hotel is the latest addition to Highgate's luxury and lifestyle division, which includes more than 7,500 keys with 2,100 keys under development. Highgate Capital Management sold a pair of La Quinta Inn by Wyndham hotels in Miami-Dade County for a combined $33 million. Jason Kreul serves as Highgates Executive Vice President of Operations, supporting Highgates West Coast hotels which consist of a variety of full-service branded and lifestyle independent hotels. Partnering with renowned food and beverage companies adds a distinctive value of excitement to Highgates properties. DoubleTree Suites by Hilton Hotel New York City - Times Square. As Executive Vice President of Operations, Steve oversees the performance of Highgates east coast portfolio. LONDON & NEW YORK-(BUSINESS WIRE)-Cerberus Capital Management, L.P. (together with its affiliates "Cerberus") and Highgate today announced the signing of a Sale and Purchase Agreement ("SPA") for the acquisition of Dorsett City London, located at 9-13 Aldgate High Street in London (the "Hotel"), from subsidiaries of Far East Consortium Internati. Richard grew up in Philadelphia and received his Bachelor of Science degree in Economics from Penn State University. Deutsche Bank Securities Inc. is serving as financial advisor to Highgate and Cerberus. Suzanne is a member of the Society of American Travel Writers and Associate at Large on the Eastern Chapter Board. Suzanne has been a guest lecturer at Emmanuel College and Boston Universitys Shaw School of Hospitality and College of Communications. Keith Cline, President and Chief Executive Officer of CorePoint, said, Over the past few years, CorePoint has been executing on a disciplined asset disposition strategy that has transformed the Companys portfolio and created substantial value. He previously held senior operations roles at Hotel ZaZa Dallas, which first sparked Greenes interest in the condo-hotel space after successfully opening an adjacent condo tower to the hotel. For decades, Jeff has been at the forefront of the boutique lifestyle segment working with hotel management, ownership, and developers in creating, innovating, and executing distinctively unique hotel products and concepts. Reservations for The Gates Hotel Key West will soon be available at www.gateshotelkeywest.com or by calling 305-294-3773. In 2011 she received a Teaching Excellence Faculty Award from NYU. During his tenure as General Manager Jason was the recipient of many brand awards including General Manager of the Year and Hotel of the Year for Marriott International. Sanders was appointed a board member of the Hawaii Tourism Authority (HTA) by Governor of Hawaii David Ige. Regional Director of Marketing and Comms, New England. Before joining Highgate in 2021, Kristi oversaw both New York City and Boston markets for Four Seasons as Senior Director of Public Relations & Communications. Jason has also held positions with Lehman Brothers and PricewaterhouseCoopers in New York City. Geri joined Highgate in 2008 and provides direction to corporate and field-based human resources professionals throughout North America and internationally in all labor-related activities, life-cycle processes, talent acquisition, workforce planning, and compensation strategies. You are urged to carefully consider all such factors and we note that the COVID-19 pandemic may have the effect of heightening many of the risks and uncertainties described. For more information, visit our Privacy & Cookie Policy. For Business Development opportunities, contact Jason at: Matt joined Highgate in 2011 and is adept at underwriting and analyzing complex portfolios, seasonal resorts, lifestyle urban hotels, and mixed-use developments. He is also the Creative Entertainment Director for the Heart Ball benefiting the American Heart Association of Hawaii. Before joining Fairmont Hotels & Resorts, Suzanne was Vice President, Travel and Hospitality, at Clarke & Company, a Boston-based public relations, and issues management firm. Highgate Hotels is a premier operator of hotels in the nation's largest gateway markets, managing branded and independent hotels for institutional owners. Nicole has a bachelors degree in Marketing and International Business from Arizona State University and anMBA in International Business from Schiller International University in Madrid, Spain. Convention planners generally are seeking more and larger hotels directly adjacent to an event space than the Baird Center can currently offer. Scheduled for Fall 2023 Kimpton Hotels & Restaurants, part of IHG Hotels & Resorts' luxury and lifestyle portfolio, announced today it will open a new boutique hotel in New York City,. With a particular focus in hospitality real estate, Highgate's portfolio includes over 500 owned and/or managed hotels comprising over 84,000 rooms across the United States, Europe, Latin America . There can be no assurances that any additional consideration will be received by the Companys stockholders. The portfolio consists of primarily La Quinta branded hotels. New York, NY - March 8, 2022 - Highgate, a leading hotel management, investment, technology, and development company, . For more information about its people and platforms, visit us at www.cerberus.com. The amount of any potential additional cash consideration payable to CorePoint stockholders will be calculated based on the amount, if any, by which the settlement amount is less than a buyer liability reserve of $160 million agreed to by the parties. Rob holds a BSBA in Hotel and Restaurant Management from the University of Denver. Highgate consistently compiles world-class teams of architects and designers to execute unique and innovative hotel concepts. In 2020, the brand expanded to D.C. with the opening of the Viceroy Washington DC and Hotel Zena (Washington D.C.), and Viceroy is growing its international portfolio with the recent opening of Viceroy Kopaonik Serbia and looking ahead with Viceroy at Ombria Resort Algarve (Portugal) in 2023 and Viceroy Bocas Del Toro Panama in 2024. Book now through July 31, 2023 for savings on stays through September 10, 2023. Mr. Batta received a B.S. The company also manages an award-winning customer loyalty program, Hilton Honors.
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