Highgate Signs Deal to Buy Viceroy Hotels
Skift Take
Viceroy may be able to accelerate its growth and brand awareness given Highgate's scale and track record. Of course, that is if Highgate can execute well after the deal closes.
Hotel real estate investor and management company Highgate signed a deal to acquire Viceroy Hotels & Resorts as Highgate intensifies its quest to add luxury lifestyle hotels to its already ample portfolio.
Highgate, which said it already owns or manages 500 hotels with more than 84,000 rooms, announced the deal Thursday without detailing any of the financials. The deal to acquire the Los Angeles-based Viceroy, with its Icon Collection, Lifestyle Series and Urban Retreats categories, is expected to close early in 2023, Highgate said.
Viceroy's properties span destinations, including Los Cabos and Riviera Maya, Mexico; Santa Monica and San Francisco, California; Chicago, Illinois; Snowmass, Colorado, Washington D.C., St.
