Highgate

What Highgate does

Highgate is a privately-held US-based hospitality investment and management firm founded in 1988 by Mahmood and Mehdi Khimji, headquartered in New York with regional offices in Dallas, Seattle, Miami, Honolulu, and London. The company operates, manages, and co-invests in over 400 hotel properties totaling more than 79,348 keys across North America, Europe, the Caribbean, and Latin America, with an aggregate real estate value exceeding $15 billion and over $5 billion in revenue under management. Its portfolio spans lifestyle/luxury, resort, full-service, and select-service segments operated under franchise or management agreements with all major hotel brands including Hilton, Marriott, IHG, Hyatt, Kimpton, and Lotte, alongside its own acquired brand Viceroy Hotels & Resorts and launched soft brand Romer Neighborhood Hotels.

Highgate operates a vertically integrated platform spanning four core business lines: hotel management, development, investment management, and technology ventures. Management services include third-party hotel operations for hotel owners, REITs, and institutional investors, supported by proprietary revenue management and distribution technology, a high-performance booking engine, and a dedicated business development function. Development capabilities cover ground-up construction, adaptive re-use, redevelopment, and renovation, with $1.5 billion+ in completed hotel projects and $1.2 billion of capital projects currently in execution. Investment management includes asset management services (recapitalization, disposition, PIP negotiation), receivership services for 200+ distressed properties, and co-investment JVs with firms including Gencom, Argent Ventures, Rockpoint, and Cerberus Capital Management. Highgate Technology Ventures operates as an in-house CVC investing across revenue management, distribution, B2B marketplaces, data analytics, and restaurant technology.

The company monetizes through management fees on third-party contracts, incentive fees tied to operational performance, returns on owned asset co-investments, asset management and receivership fees, and development/construction service fees — all negotiated individually and not publicly disclosed. Recent strategic activity includes the December 2025 acquisition of InterContinental New York Times Square for approximately $230 million (with Gencom and Argent Ventures), a global partnership with Lotte Hotels & Resorts (June 2026), an international partnership with Ian Schrager's PUBLIC brand (January 2026), and ongoing European expansion via HG Portugal and dedicated European leadership. Sub-brands include Highgate Select (select-service division), LUCID (in-house design/construction studio), Highgate Charitable Foundation, and Highgate Medical Group.

Name

Highgate

Legal name

Highgate Hotels, L.P.

Website

https://highgate.com

Company type

Private

Founded year

1988

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Highgate is a US-based hospitality investment and management firm operating 400+ hotels with 79,348+ keys across North America, Europe, the Caribbean, and Latin America. It provides third-party hotel management, development, asset management, and proprietary revenue management technology to hotel owners, REITs, and institutional investors under major brand franchises including Hilton, Marriott, IHG, and Hyatt.

Ownership category

akta.pro rank

Product category

Hotel Management Services

NAICS

Traveler Accommodation (7211), Rental and Leasing Services (532), Offices of Real Estate Agents and Brokers (5312)

SIC

Hotels & Motels (7011), Real Estate Agents & Managers (For Others) (6531), Hotels, Rooming Houses, Camps & Other Lodging Places (7000)

akta.pro primary industry

Resort & Branded Residence Vacation Rental Management (BPAJAIAE)

akta.pro secondary industries

Corporate Incentive, VIP & Hospitality Programs (HSACADAN), Luxury Villa Property Management & Concierge Services (THAMAEAJ), Luxury Vacation Rental Management (BPAJAIAD)

Keywords

• Hotel management services
• Hospitality investment management
• Hotel asset management
• Hospitality development services
• Hotel revenue management

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Hotel Management Fees: Steady fees earned from third-party hotel management contracts where Highgate operates hotels for property owners, typically including base management fees and potentially incentive fees tied to performance metrics.
2. Investment Returns on Owned Assets: Returns generated from Highgate's ownership stake in hotel properties acquired as part of its investment strategy, including acquisitions like Viceroy Hotels & Resorts and InterContinental New York Times Square.
3. Asset Management Services: Services including recapitalization, disposition, PIP negotiation, ROI analyses, technical services, development management, pre-opening, and operations support for hotel owners.
4. Development & Renovation Services: Highgate's development team with $1.5B in led hotel construction and renovation projects, currently executing $1.2B of capital projects. Revenue from site selection, feasibility, construction financing, FF&E procurement, and concept design services.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Highgate is a hospitality investment and management firm that acquires, owns, and operates hotels on behalf of institutional owners, REITs, private equity firms, and brand partners across North America, Europe, the Caribbean, and Latin America. The company provides third-party hotel management services, asset management, ground-up development, renovation, and investment management, alongside proprietary revenue management and distribution technology that drives RevPAR outperformance.

Product overview

Highgate is a hospitality investment and management company offering a unified platform of services rather than discrete software products. Its core offerings include hotel management, development, investment management, and technology ventures. The platform comprises specialized divisions such as Highgate Select (select service hotels), Creative Services/The Studio (brand strategy), LUCID Design & Construction Studio, and proprietary revenue management technology. Supporting services include sales and booking engines (High-Performance Engine), asset management, receivership services, and venture investing in hospitality technology. The company also operates acquired brands including Viceroy Hotels & Resorts, with a portfolio spanning over 400 properties and 79,348 keys across North America, Europe, Caribbean, and Latin America.

Differentiator

Problem solved

Functional benefit

Brands

• Highgate Select: Division focused on management and development of select service, limited service and extended stay hotels with hands-on leadership, cutting edge technology, and industry-leading digital investment returns.
• Highgate Technology Ventures (HTV)
• LUCID
• Highgate Charitable Foundation (HCF)

Products and services

• Hotel Management Services

Quantifiable outcome

• $25B+ in real estate transactions completed
• +4 more outcomes

Named customers10 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Six partnerships are on record, tiered core, major and minor.

• Reef Capital PartnerscoreStrategic or Co-development Partner · 23 June 2026Reef Capital Partners is leading the redevelopment of the Coco Palms Resort in Kauai, Hawaii, with Highgate handling operations. The $431 million financing package supports a 351-room hotel project projected to reopen in 2028.
• Lotte Hotels & ResortsmajorStrategic or Co-development Partner · 4 June 2026Strategic global partnership under which Highgate assumed management of the 909-room Lotte New York Palace Hotel in June 2026. The broader collaboration spans hotel operations, global distribution, AI technology, and talent exchange across the Americas and Asia, with both firms seeking to leverage their respective strengths to address cross-regional demand opportunities in global hospitality.
• Procure ImpactminorStrategic or Co-development Partner · 5 March 2026Partnership to advance social procurement across Highgate's hotel portfolio featuring more than 6,000 products from mission-driven suppliers. The initiative aims to create 10,000 hours of employment each year through social procurement, aligning with the Dignity of Work Pledge established by Procure Impact in collaboration with the American Hotel & Lodging Association.
• Ian Schrager Company (PUBLIC brand)majorStrategic or Co-development Partner · 28 January 2026Global partnership for Highgate to operate and manage Ian Schrager's PUBLIC hotel brand internationally. Highgate operates and manages properties while Schrager retains full creative authority, vision, and brand stewardship. PUBLIC West Hollywood, a 137-key property, opened in 2026 as part of this partnership.
• The Kessler CollectioncoreStrategic or Co-development Partner · 5 November 2025Strategic alliance where Highgate manages several of Kessler's luxury hotels in the United States, including the Casa Monica Resort & Spa and the JW Marriott Savannah Plant Riverside District. The partnership aims to shape a new era of luxury and lifestyle hospitality.
• Viceroy Hotels & ResortsmajorStrategic or Co-development Partner · 15 December 2022Highgate announced an agreement to acquire Viceroy Hotels & Resorts, a luxury hospitality brand known for modern hotels and resorts worldwide. The deal expanded Highgate's portfolio and strengthened its position in the luxury hospitality sector. Viceroy has since undergone a brand refresh with new visual branding and destination-specific experiences.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• HEI Hotels & Resorts: Owner and operator of premium-branded hotels under Marriott, Hilton, IHG, and Hyatt, directly comparable to Highgate's owned-plus-managed model and its focus on operational optimization in upper-upscale and luxury segments.
• Crescent Hotels & Resorts: Direct third-party hotel management competitor that pursues management contracts and investment opportunities across the US, overlapping heavily with Highgate's full-service and luxury portfolio strategy.
• Aimbridge Hospitality: Largest third-party hotel management company in North America, directly comparable to Highgate in operating franchise/management contracts for major brands across full-service, select-service, and resort segments. Both pursue growth via portfolio acquisitions, brand relationships, and operational scale.
• Pyramid Hotel Group: Boston-based third-party hotel management company managing branded full-service, lifestyle, and resort properties for institutional owners — closely comparable in target customer base (REITs, institutional owners) and brand-portfolio breadth to Highgate.
• PM Hotel Group: Third-party hotel management company managing branded full-service, select-service, and resort properties for institutional owners — a direct competitor for management contracts and co-investment opportunities in the same North American markets as Highgate.
• Sage Hospitality Group: Hotel owner/operator and management company spanning luxury, lifestyle, and select-service brands. Comparable to Highgate's combination of management services, owned assets, and lifestyle-brand development (including restaurant concepts).

Broad incumbents

• Wyndham Hotels & Resorts: Largest franchisor in the select-service and economy segments globally; comparable to Highgate's Highgate Select division which targets select-service, limited-service, and extended-stay assets under multiple brand families.
• Marriott International: World's largest hotel company and a major Highgate partner/franchisor; Highgate operates dozens of Marriott-branded properties. Comparable as a broad incumbent whose owned-managed-plus-franchise model mirrors the franchise and management arm of Highgate's business.
• Hyatt Hotels Corporation: Global lodging company operating and franchising luxury, upper-upscale, and resort brands that Highgate manages under franchise agreements. Comparable as a broad incumbent that is simultaneously a partner and a competitor in the branded hotel operating space.

Regional players

• Penta Hotels: European-focused lifestyle hotel operator (28 properties across Europe and Asia) whose former COO/CCO Ben Thomas now leads Highgate Europe. Comparable in lifestyle positioning and European geographic focus as Highgate expands its regional platform.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/HighgateHospitality

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments2 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Highgate