NEW YORK - Highgate, a premier real estate investment and hospitality management company, announced today that it has agreed to purchase 100% of the shares of K+K Hotels Group through a joint venture with investment bank Goldman Sachs. Highgate will also assume management as part of the sale.
Founded in 1961 by brothers Josef and Helmut Koller, K+K Hotels were owned and operated by the family for over 50 years under the K+K brand with over 1,200 rooms in city centers of major European cities including London, Paris, Barcelona, Munich, Vienna, Budapest, Prague and Bucharest.
Highgate initiated its plans for global expansion earlier this year with the addition of Aleph Hotel Rome to its management roster. Highgate is overseeing a transformative multi-million dollar renovation and relaunch of the 96-room boutique hotel located minutes from famed the Trevi Fountain, Spanish Steps and Via Veneto Street.
Currently operating 80 hotels and 25,000 rooms worldwide, Highgate continues to receive global recognition for its value in the hospitality industry and is keenly focused on further expanding its portfolio of award-winning hotels throughout 2016 and beyond.