Highgate today announced the launch of the company in South America by taking over the management of a portfolio of six hotels in Peru, owned by Urbanova, one of the most prominent 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 region.
Highgate brings world-class management to the CALA market, utilizing innovative technology and resources with a unique perspective that blends local culture with experience, knowledge and global scale.
The Peru portfolio is comprised of Marriott-branded properties in locations considered best-in-class 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 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 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 CALA's portfolio, which spans more than 13 countries, including Aruba, Belize, Curacao, Dominica, the Dominican Republic, Jamaica, Mexico, Peru, Puerto Rico, Saint Lucia, Trinidad, and Turks and Caicos, Highgate appointed Marco A. Selva, who recently joined as senior vice president of luxury and lifestyle operations.
"We are honored to be awarded management of Urbanova's prestigious portfolio," said Arash Azarbarzin, CEO of Highgate. "There is tremendous growth opportunity throughout Peru and we look forward to tailoring our style of hospitality, activations and best-in-class revenue management to the needs of each region. With Marco leading such an outstanding 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 at the center of the development of these world-class destinations world".
"Our search for an operating company attracted a very competitive field of potential partners, but we knew that Highgate offered an owner-centric perspective and an unprecedented standard of excellence," said Hugo Desenzani, CEO of Urbanova. "Our unique assets and fantastic talent, under Highgate's guidance and leadership, will deliver incredible results and raise the bar for hospitality in the region."