Though as operational prices continue to rise and consumer spend is tightening, hoteliers will need to maximise cashflows as properly a their tax and rate reliefs to help funds throughout 2024. Highgate’s prominence as a non-public owner-operator in the select-service space has developed predominantly due to two acquisitions with associate Cerberus Capital Management. In March 2021, Highgate and Cerberus finalized its acquisition from Colony Capital of six portfolios consisting of 197 hotels with 22,676 rooms, in a deal valued at US$2.eight billion. This week, final approval was given to Highgate and Cerberus’ US$1.5 billion deal to acquire CorePoint Lodging, which includes a portfolio of 123 La Quinta-branded hotels. Previously, in 2011, Highgate acquired limited-service operator InnVentures and its 18 hotels to get its true start in the space.

• As we famous in a previous weblog post on the way to get your hotel eco-certified , certification is a great way