Highgate assumes management of six hotel portfolios in Peru

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NEW YORK – Highgate, a leading hotel management, investment, technology and development company, today announced the launch of the company in South America by taking over the management of a portfolio of six hotels in Peru, owned of Urbanova, one of the most outstanding real estate groups in Peru. The deal expands Highgate’s portfolio in the Caribbean and Latin America (CALA) to a total of 26 hotels and resorts, making it one of the largest hotel management companies in this sought-after region.

Highgate brings to the CALA market a best-in-class management approach, utilizing innovative technology and hands-on market resources with a unique perspective that combines local culture with global experience, insight and scale.

The Peru portfolio is made up of Marriott-branded properties in irreproachable best-in-class locations within their respective brands. They include Palacio del Inka Hotel, a Luxury Collection Hotel in Cusco, Tambo del Inka, A Luxury Collection Resort in Urubamba, Hotel Paracas, A Luxury Collection Resort, Aloft Lima Miraflores, AC Hotel Lima Miraflores and the Westin Lima Hotel & Convention Center.

These properties join Highgate’s current CALA portfolio, which includes a diverse collection of hotels and resorts including: The Ocean Club, a Luxury Collection Resort in Costa Norte, Dominican Republic, AC San Juan, Aloft Tulum in Mexico , Acoya Curaçao Resort, the BRIX Hotel, an Autograph Collection hotel in Port of Spain, Trinidad and the ROK Hotel, a Tapestry Collection hotel in Kingston, Jamaica. Earlier this year, Highgate also announced that it had acquired and assumed management of the Embassy Suites by Hilton San Juan Hotel & Casino.

To oversee the CALA portfolio, which covers more than 13 countries including Aruba, Belize, Curaçao, Dominica, Dominican Republic, Jamaica, Mexico, Peru, Puerto Rico, Saint Lucia, Trinidad and Turks and Caicos, Highgate has appointed Marco A. Selva, who recently joined as senior vice president of luxury and lifestyle operations.

“We are honored to have been appointed to manage the prestigious Urbanova portfolio,” said Arash Azarbarzin, CEO of Highgate. “There is huge opportunity for growth throughout Peru and we look forward to adapting our best-in-class hospitality style, activations and revenue management to the needs of each region. With Marco leading such an exceptional team and collection of hotels, we will set a new standard for hotel management in the country. Travelers from around the world are increasingly drawn to the beauty and cultural vibrancy of the Caribbean and Latin America, and Highgate will be central to the development of these world-class destinations.

“Our search for a management company attracted an extremely competitive pool of potential partners, but we knew Highgate offered an owner-centric perspective and an unprecedented level of excellence,” said Hugo Desenzani, CEO of Urbanova. “Our unique assets and fantastic talents – under the guidance and direction of Highgate – will produce incredible results and raise the bar for hospitality in the region.”

About Urbanova

Urbanova is a Peruvian real estate group with approximately $2 billion in assets under management. Its irreplaceable portfolio in premium locations combines over 170,000 square feet of prime office buildings, 5 shopping malls, the best hotel portfolio in the country and an extensive land reserve to develop. Leveraging its ability to develop and operate multiple asset classes, as well as unrivaled knowledge of the local market, Urbanova has developed two clusters where Peruvians go to live, work and play. Its subsidiary Intursa owns 9 hotels across Peru, including iconic city hotels such as the Westin Lima and JW Lima, luxury resorts in remote locations, historic hotels in Cusco and select-service hotels in neighborhoods lively in the city. Urbanova Real Estate

About Highgate

Highgate is a leading property investment and hotel management company widely recognized as an industry innovator. Highgate is the dominant player in major US gateway cities including New York, Boston, Miami, San Francisco and Honolulu, with a growing presence in Europe, the Caribbean and Latin America. The host company provides expert advice at all stages of the real estate cycle, from planning and development to recapitalization or disposal. Highgate has a proven track record of growing its diverse portfolio of bespoke lifestyle hotel brands, heritage brands and independent hotels and resorts with contemporary programming and digital insight. The company uses industry-leading revenue management tools that effectively identify and predict changing market dynamics to drive superior performance and maximize asset value. With a management team comprised of some of the most experienced hotel management leaders, the company is a trusted partner to major owner groups and major hotel brands. Highgate has offices in New York, Dallas, London, Miami, Seattle and Waikiki. www.highgate.com.

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