{"id":84979,"date":"2022-12-15T10:05:13","date_gmt":"2022-12-15T10:05:13","guid":{"rendered":"http:\/\/lebanonnewsgazette.com\/?guid=970446b6308574637c51216f90ae137c"},"modified":"2022-12-15T10:05:13","modified_gmt":"2022-12-15T10:05:13","slug":"highgate-announces-agreement-to-acquire-viceroy-hotels-resorts","status":"publish","type":"post","link":"https:\/\/lebanonnewsgazette.com\/highgate-announces-agreement-to-acquire-viceroy-hotels-resorts\/","title":{"rendered":"HIGHGATE ANNOUNCES AGREEMENT TO ACQUIRE VICEROY HOTELS & RESORTS"},"content":{"rendered":"
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NEW YORK, Dec. 15, 2022 \/PRNewswire\/ — An affiliate of the Principals of Highgate<\/a>\u00a0announced today that it has entered into a definitive agreement to purchase Viceroy Hotels & Resorts (Viceroy).\u00a0The LA-based, award-winning hospitality group is known for its highly individual modern luxury hotels and resorts throughout the world,\u00a0and\u00a0was\u00a0voted\u00a0one\u00a0of\u00a0the\u00a0top 10 hotel\u00a0brands\u00a0globally in\u00a0the\u00a02022\u00a0Travel\u00a0+\u00a0Leisure\u00a0World’s Best Awards.\u00a0The\u00a0Viceroy brand debuted\u00a0in\u00a02000\u00a0with the\u00a0launch\u00a0of\u00a0Viceroy\u00a0Santa\u00a0Monica\u00a0and\u00a0has evolved into a portfolio of hotels and resorts in iconic destinations such as St Lucia, Chicago, Los Cabos and Snowmass.<\/p>\n

\"Highgate<\/div>\n

“We are excited for Viceroy’s future and we believe that this acquisition will not only fuel the future expansion of our brand, but also give us a true partner, one who will offer incredible support, opportunity and collaboration. This deal will accelerate our momentum, and solidify our position as the leading modern luxury lifestyle brand in our space,” stated Bill Walshe, CEO of Viceroy.<\/p>\n

“We are thrilled to execute this transaction with Viceroy. Viceroy has built an outstanding customer reputation due in part to its strong service culture and incredible team,” said Richard Russo, Principal at Highgate.\u00a0“Through complementing Viceroy’s platform and DNA with Highgate’s diversified ability to grow through real estate acquisitions, development, and third-party growth channels, Highgate intends to add brand-accretive hotels to the Viceroy portfolio that will further enhance customer perception and brand awareness. Further, through powering Viceroy with a proprietary relationship with Highgate’s operating company, and\u00a0imparting the benefits of\u00a0Highgate’s scale, we will be able to\u00a0provide significant incremental value to associates, guests, owners and partners.”<\/p>\n

“We\u00a0look\u00a0forward to\u00a0working\u00a0with\u00a0the\u00a0Viceroy team to add\u00a0visible\u00a0and\u00a0impactful\u00a0hotels to\u00a0the\u00a0platform, and cement Viceroy as one of the most noteworthy luxury lifestyle hotel brands in the industry,” continued Russo.\u00a0“In the coming months, we will be announcing exciting additions to the portfolio in major urban gateway markets and select resort destinations that will invoke the distinct quality and luxury service that Viceroy has long been known for.”<\/p>\n

The\u00a0transaction\u00a0is\u00a0expected\u00a0to\u00a0close\u00a0in\u00a0early\u00a02023.\u00a0For more\u00a0information\u00a0on\u00a0Highgate, visit\u00a0Highgate.com<\/u>.<\/p>\n

ABOUT\u00a0HIGHGATE:<\/div>\n

Highgate is a leading real estate investment\u00a0and\u00a0hospitality management\u00a0company with\u00a0over $20\u00a0billion of\u00a0assets under management. Highgate has a\u00a030-year track record\u00a0as an investment\u00a0manager, operating partner, and developer for REITs, private equity firms, sovereign wealth funds, high net worth individuals, and other institutional investors. 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, and the Caribbean. Highgate’s capabilities extend to\u00a0adjacent\u00a0real estate verticals including multifamily, short-term rentals, and diversified healthcare real estate, as well as investments in real estate-linked securities, technology platforms, and hospitality-related operating businesses. Highgate maintains corporate offices in New York, Dallas, Los Angeles, London, Miami, Seattle, and Waikiki. For more information, visit: www.highgate<\/a>.com<\/a><\/u><\/p>\n

ABOUT\u00a0VICEROY\u00a0HOTELS &\u00a0RESORTS:<\/div>\n

Viceroy\u00a0Hotels &\u00a0Resorts\u00a0is\u00a0a\u00a0global modern\u00a0luxury\u00a0brand,\u00a0inspiring\u00a0travelers\u00a0with\u00a0one-of-a-kind,\u00a0authentic experiences\u00a0that\u00a0bring together\u00a0provocative\u00a0design and\u00a0intuitive\u00a0service. Dynamic\u00a0destinations\u00a0immersed in the local community and culture are at the core of the Viceroy guest experience, and to better serve travelers the brand has established three unique hotel categories consisting of the\u00a0Icon Collection<\/a><\/u>\u00a0<\/b>composed\u00a0of\u00a0unparalleled\u00a0properties\u00a0furnishing\u00a0lavish experiences,\u00a0the\u00a0Lifestyle\u00a0Series<\/a><\/u>\u00a0<\/b>offering\u00a0energizing stays in vibrant locales, and\u00a0Urban Retreats<\/a><\/u>\u00a0<\/b>based in bold, eccentric cities. Viceroy’s portfolio of hotels and\u00a0resorts\u00a0can\u00a0be\u00a0found in\u00a0a\u00a0diverse\u00a0array\u00a0of\u00a0breathtaking\u00a0and\u00a0inspiring\u00a0destinations,\u00a0including\u00a0Los\u00a0Cabos, Santa Monica, Chicago, Beverly Hills, Riviera Maya, Snowmass, San Francisco, Washington D.C. and St. Lucia.\u00a0In\u00a02020,\u00a0the\u00a0brand\u00a0expanded to\u00a0D.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\u00a0Serbia\u00a0and\u00a0looking ahead\u00a0with\u00a0Viceroy at\u00a0Ombria\u00a0Resort\u00a0Algarve (Portugal)\u00a0in\u00a02023\u00a0and\u00a0Viceroy Bocas Del Toro\u00a0Panama in 2024. Additionally, Viceroy\u00a0was named in the top ten of ‘Top 25\u00a0Hotel Brands’ on Travel + Leisure <\/i>World’s Best Awards 2022.<\/p>\n

Viceroy for Everyone<\/i>,\u00a0Viceroy’s\u00a0ongoing\u00a0commitment\u00a0to\u00a0diversity,\u00a0equity and\u00a0inclusion\u00a0to\u00a0its\u00a0colleagues and guests can be found at www.viceroyhotelsandresorts.com\/about-us\/diversity-equity-inclusion.<\/a><\/u><\/p>\n

Viceroy is a member of the Global Hotel Alliance (GHA) DISCOVERY, a unique loyalty program offering exclusive benefits and experiences to its members at over 800 hotels around the world. For more information, visit\u00a0www.viceroyhotelsandresorts.com.<\/a><\/u> Follow Viceroy on Facebook<\/a><\/u>\u00a0and\u00a0Instagram.<\/a><\/u><\/p>\n

Logo – https:\/\/mma.prnewswire.com\/media\/1654513\/Highgate_Logo.jpg<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

NEW YORK, Dec. 15, 2022 \/PRNewswire\/ \u2014 An affiliate of the Principals of Highgate\u00a0announced today that it has entered into a definitive agreement to purchase Viceroy Hotels & Resorts (Viceroy).\u00a0The LA-based, award-winning hospitality group is known for its highly individual modern luxury hotels and resorts throughout the world,\u00a0and\u00a0was\u00a0voted\u00a0one\u00a0of\u00a0the\u00a0top 10 hotel\u00a0brands\u00a0globally in\u00a0the\u00a02022\u00a0Travel\u00a0+\u00a0Leisure\u00a0World\u2019s Best Awards.\u00a0The\u00a0Viceroy brand debuted\u00a0in\u00a02000\u00a0with [\u2026]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17,343,2583],"tags":[],"yoast_head":"\nHIGHGATE ANNOUNCES AGREEMENT TO ACQUIRE VICEROY HOTELS & RESORTS - Lebanon News Gazette<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/lebanonnewsgazette.com\/highgate-announces-agreement-to-acquire-viceroy-hotels-resorts\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"HIGHGATE ANNOUNCES AGREEMENT TO ACQUIRE VICEROY HOTELS & RESORTS - 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