New York, NY – February 10, 2016 – Highgate, a premier hospitality investment and management company, announced today that it has been retained as asset manager for the U.S. and European hotel portfolio of Al Rayyan Tourism Investment Company (ARTIC). A subsidiary of Al Faisal Holding, ARTIC is a leading international owner of hospitality assets with an increasing investment presence in the United States. ARTIC’s current U.S. and European hospitality offerings include The St. Regis Washington D.C., The St. Regis Bal Harbour Resort, Radisson Blu Aqua Hotel Chicago, The Manhattan at Times Square and the Grand Hyatt Berlin.
ARTIC and Highgate began their partnership in February 2015. At that time, ARTIC purchased The Manhattan at Times Square together with Highgate, and retained Highgate as manager. With the success of this transaction, ARTIC elected to implement Highgate asset management across their U.S and European portfolio of hospitality assets.
In addition, ARTIC retained Highgate to manage the Aleph Hotel in Rome, Italy. Highgate will oversee a multi-million dollar renovation and relaunch of that luxury boutique hotel.
Currently operating 100 hotels and 27,000 rooms worldwide, Highgate is a globally recognized brand throughout the hospitality industry and has further plans to expand its presence through 2016 and beyond.
