Cerberus and Highgate to Acquire Dorsett City London Hotel

Cerberus | June 15, 2021

LONDON & NEW YORK - June 15, 2021 - 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 International Limited (“FEC”; SEHK: 35). Located in the heart of London’s financial district with a strong reputation for luxury and service, Dorsett City London is well-positioned to capitalize on the ongoing economic recovery. This transaction further strengthens Cerberus’ and Hig...