US real estate investment and hospitality management firm Highgate is entering the Portuguese market with 18 hotels. Highgate, that manages assets valued at over USD 20 billion, is now becoming a major player on the Portuguese market. Highgate’s operating platform HG Portugal is starting its operations with a portfolio of 18 hotels located in the Algarve, Lisbon, Porto as well as other regions according to Negócios.
Highgate entered the Portuguese market following the acquisition of tourism assets belonging to ECS Capital for an amount of EUR 850 million by a consortium headed by Davidson Kempner.
The company manages over 500 hotels globally including brand names such as Hilton, Crowne Plaza, Westin, Hyatt Regency and Marriott.
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