Highgate

CPLG Merger Investigation: Halper Sadeh LLP Announces Investigation Into Whether the Sale of CorePoint Lodging Inc. Is Fair to Shareholders; Investors Are Encouraged to Contact the Firm – CPLG

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星期一, 十一月 8, 2021
Legal, Professional Services, NYSE, Highgate, Revenue stream, Advertising, Sale, Internal Revenue Service, Cerberus Capital Management, CPLG, Fraud, Security (finance)

Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of CorePoint Lodging Inc. (NYSE: CPLG) to a joint venture between affiliates of Highgate and Cerberus Capital Management, L.P. is fair to CorePoint shareholders.

Key Points: 
  • Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of CorePoint Lodging Inc. (NYSE: CPLG) to a joint venture between affiliates of Highgate and Cerberus Capital Management, L.P. is fair to CorePoint shareholders.
  • Under the terms of the merger, CorePoint shareholders will receive $15.65 per share in cash plus, if applicable and in certain circumstances, incremental cash consideration if CorePoint timely resolves previously disclosed tax proceedings with the Internal Revenue Service.
  • On behalf of CorePoint shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.
  • Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct.

CorePoint Lodging To Be Acquired By A Joint Venture Between Affiliates Of Highgate And Cerberus Capital Management, L.P. In $1.5 Billion All-Cash Transaction

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星期一, 十一月 8, 2021
Industry, Latham & Watkins, Security (finance), IRS, Securities Exchange Act of 1934, Growth, COVID-19, Airport, Acquisition, Bank, Securities Act of 1933, Highgate, Review, Communication, La Quinta Inns & Suites, Contagious disease, Risk, Kirkland & Ellis, Simpson Thacher & Bartlett, Cerberus Capital Management, Person, Pandemic, Real estate investment trust, Investor relations, Ownership, New, Telephone, Forward-looking statement, U.S. Securities and Exchange Commission, GLOBE, Internal Revenue Service, CPLG, Friends, LLP, Suite, LLC, Waikiki, Sale, SEC, Revenue stream, Deutsche Bank, Investment, Annual report, Board, La Quinta, California, Company, Bank of Montreal, NYSE, REIT, Hotel, Risk management, Retail, Financial services

This transaction continues our strategy of maximizing value and represents a compelling opportunity to deliver immediate and certain cash value to our stockholders.

Key Points: 
  • This transaction continues our strategy of maximizing value and represents a compelling opportunity to deliver immediate and certain cash value to our stockholders.
  • In light of the pending transaction with Highgate and Cerberus, CorePoint will not hold an earnings conference call for the third quarter of 2021.
  • Additionally, Deutsche Bank and Bank of Montreal provided a debt financing commitment to Highgate and Cerberus on this transaction.
  • This communication relates to a proposed acquisition of CorePoint by affiliates of Highgate Hotels, L.P. and Cerberus Capital Management, L.P.

Cendyn and Pegasus to Merge

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星期二, 十一月 2, 2021
Cloud, Pegasus, Business intelligence, Industry, CRS, E-commerce, Marketing, CEO, Solution, CRM, Travel, Customer data platform, Highgate, Retail, Hotel, Online shopping

LONDON, Nov. 2, 2021 /PRNewswire/ -- Today Cendyn, the leading provider of cloud-based software and eCommerce services for the hospitality industry, enters into a merger agreement with Pegasus, a leading provider of revenue and distribution solutions for the hospitality industry. The combination of both companies provides hoteliers with a platform to maximize their direct-booking channel and enhance the guest experience across every touchpoint. With many hoteliers struggling with resources and profitability, this merger offers a lifeline for those looking to build on topline revenue through their direct channels.

Key Points: 
  • "At Pegasus, we strived to empower hoteliers to provide their guests with the best direct booking channel experience, while ensuring comprehensive distribution of inventory.
  • The combination of Cendyn and Pegasus takes this to the next level enabling unprecedented personalization of the guest experience, not just during the search and book phase but throughout the customer lifecycle too," said Gautam Lulla, CEO at Pegasus.
  • This merger follows the Cendyn and Rainmaker merger in 2019 and, most recently, the Cendyn and NextGuest merger in 2021.
  • Pegasus combines high-tech innovation with high-touch service to give hoteliers more control over their revenue and distribution strategy than ever before.

Cendyn and Pegasus to Merge

Retrieved on: 
星期二, 十一月 2, 2021
Cloud, Pegasus, Business intelligence, Industry, CRS, E-commerce, Marketing, CEO, Multimedia, Solution, CRM, Heart, Travel, Customer data platform, Highgate, Retail, Hotel, Online shopping

LONDON, Nov. 2, 2021 /PRNewswire/ -- Today Cendyn, the leading provider of cloud-based software and eCommerce services for the hospitality industry, enters into a merger agreement with Pegasus, a leading provider of revenue and distribution solutions for the hospitality industry. The combination of both companies provides hoteliers with a platform to maximize their direct-booking channel and enhance the guest experience across every touchpoint. With many hoteliers struggling with resources and profitability, this merger offers a lifeline for those looking to build on topline revenue through their direct channels.

Key Points: 
  • "At Pegasus, we strived to empower hoteliers to provide their guests with the best direct booking channel experience, while ensuring comprehensive distribution of inventory.
  • The combination of Cendyn and Pegasus takes this to the next level enabling unprecedented personalization of the guest experience, not just during the search and book phase but throughout the customer lifecycle too," said Gautam Lulla, CEO at Pegasus.
  • This merger follows the Cendyn and Rainmaker merger in 2019 and, most recently, the Cendyn and NextGuest merger in 2021.
  • Pegasus combines high-tech innovation with high-touch service to give hoteliers more control over their revenue and distribution strategy than ever before.

Pebblebrook Hotel Trust Acquires Avalon Bed & Breakfast and Duval Gardens in Key West, FL

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星期三, 十月 20, 2021
Commercial Building & Real Estate, Construction & Property, Finance, REIT, Professional Services, Lodging, Destinations, Vacation, Travel, Financial condition report, Duval Street, City, Industry, Analysis, Security (finance), U.S. Securities and Exchange Commission, Trust, Result, NYSE, Annual report, Conversation, Marketing, Restaurant, Company, Forward-looking statement, Investor relations, Highgate, Hotel

Pebblebrook Hotel Trust (NYSE: PEB) (the Company) today announced that it acquired the 19-room Avalon Bed & Breakfast (Avalon) and 12-room Duval Gardens (Duval), both in Key West, Florida, for $20.0 million.

Key Points: 
  • Pebblebrook Hotel Trust (NYSE: PEB) (the Company) today announced that it acquired the 19-room Avalon Bed & Breakfast (Avalon) and 12-room Duval Gardens (Duval), both in Key West, Florida, for $20.0 million.
  • Avalon and Duval have highly desirable locations along the vibrant Duval Street, which showcases Key Wests most visited attractions, restaurants and bars.
  • We are very excited to acquire these two well maintained and historically charming properties in the heart of Key West, said Jon E. Bortz, Chairman, President and Chief Executive Officer of Pebblebrook Hotel Trust.
  • Pebblebrook Hotel Trust (NYSE: PEB) is a publicly traded real estate investment trust (REIT) and the largest owner of urban and resort lifestyle hotels in the United States.

Noble 33 Opens Sparrow, a Modern Coastal Italian Restaurant, at Hotel Figueroa in Downtown Los Angeles

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星期三, 十月 20, 2021
City, Travel, Ciabatta, History, Spanish Colonial architecture, Wood, La Casita, Texas, Restaurant, Instagram, Intention, Environment, Leisure, Culture, Denihan Hospitality Group, Highgate, Tourism, Nightclub, Hotel

LOS ANGELES, Oct. 20, 2021 /PRNewswire/ --Hospitality Group Noble 33 announced today the opening of its newest dining concept, Sparrow, a modern coastal Italian restaurant.

Key Points: 
  • LOS ANGELES, Oct. 20, 2021 /PRNewswire/ --Hospitality Group Noble 33 announced today the opening of its newest dining concept, Sparrow, a modern coastal Italian restaurant.
  • This new experiential eatery is located at Hotel Figueroa , the award-winningpreserved treasure in Downtown Los Angeles, boasting a deeply rooted 95-year history as a mainstay community hub and urban oasis.
  • Sparrow features a modern coastal Italian-inspired menu that exudes bold flavors with high-quality, sustainable, and organic ingredients.
  • Hotel Figueroa is located at 939 S. Figueroa Street, Los Angeles, California 90015, in the progressive and ever-evolving South Park district of Downtown Los Angeles on S. Figueroa Street between W. Olympic and W. 9th Streets.

The New Hyatt Regency San Francisco Downtown SoMa Announces Partnership with Academy of Art University

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星期一, 十月 4, 2021
Partnership, Hyatt Regency New Orleans, Drawing, Music, Instagram, Painting, Park Central Hotel, Student, Culture, Advertising, Art, Hyatt House, San Francisco Arts Commission, Highgate, Academy of Art University, Park Central Hotel San Francisco, Marketing, Morgan Stanley, Twitter, Company, City, Sculpture, SAN, Technology, Architecture, Duke of Connaught and Strathearn, Work, Name, Photography, Industry, Travel, Academy, Nightclub, Creative industries, Interior design, Hotel

SAN FRANCISCO, Oct. 4, 2021 /PRNewswire/ -- The Hyatt Regency San Francisco Downtown SoMa, formerly known as the Park Central Hotel , is thrilled to announce an exclusive, multi-faceted partnership with the Academy of Art University , San Francisco's leading art school and one of the largest private, accredited art and design schools in the nation.

Key Points: 
  • SAN FRANCISCO, Oct. 4, 2021 /PRNewswire/ -- The Hyatt Regency San Francisco Downtown SoMa, formerly known as the Park Central Hotel , is thrilled to announce an exclusive, multi-faceted partnership with the Academy of Art University , San Francisco's leading art school and one of the largest private, accredited art and design schools in the nation.
  • "Showcasing the work of talented local creators adds Hyatt Regency San Francisco Downtown SoMa to the city's prime destinations for art lovers to visit.
  • "Being so fully entwined in the San Francisco Art scene is something that makes Academy of Art University truly unique," said Dr. Elisa Stephens, President, Academy of Art University.
  • Hyatt Regency San Francisco Downtown SoMa is managed by Highgate , internationally recognized as the premier hotel operator in gateway markets.

Sentral West Midtown at Star Metals Introduces A Unique Live - Work - Travel Community in Atlanta's Most Exciting Neighborhood

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星期一, 十月 4, 2021
Insurance, Metal, Food, LIVE, 11th Street, Bozzuto Group, Highgate, Property, CEO, Freedom, City, Housekeeping, Technology, Coffee, Work, One Bedroom, Calendar, Time, Photography, Travel, Kuala Lumpur Sentral station, Interior design

ATLANTA, Oct. 4, 2021 /PRNewswire/ --Star Metals Residences is now Sentral West Midtown at Star Metals, offering a modern, flexible living experience within Atlanta's desirable West Midtown neighborhood.

Key Points: 
  • ATLANTA, Oct. 4, 2021 /PRNewswire/ --Star Metals Residences is now Sentral West Midtown at Star Metals, offering a modern, flexible living experience within Atlanta's desirable West Midtown neighborhood.
  • Sentral's signature flexible living model allows residents and guests to live in Sentral West Midtown at Star Metals for any period of time, whether a month, a quarter, or multiple years.
  • Sentral West Midtown at Star Metals features an expansive retail space that complements the new urbanism concept of the district.
  • "We are truly delighted to be partnering with Sentral to transition Star Metals Residences to Sentral West Midtown at Star Metals," said W. Allen Morris, Chairman and CEO of The Allen Morris Company.

The Gabriel South Beach, Curio Collection By Hilton™, To Open In Miami Beach, Fall 2021

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星期三, 九月 22, 2021
Food, Imperial, John Sferra, Dance, Gabriel, Instagram, CCH, Park Central, INK Entertainment, Collection, Ocean Drive, Mark (given name), Restaurant, Park Central Hotel, Multimedia, Highgate, Hilton Worldwide, Drive, Curio (brand), Foodservice, Twitter, CEO, City, Glass, INK, Beijing New Century International Hospital for Children, Breakfast, Digital, View, Architecture, Lunch, Shellfish, Color, CGI, Kate Moss, Bed, Cultural evolution, Wine, Art Deco, Imperial Hotel, Hotel, Nightclub

MIAMI, Sept. 22, 2021 /PRNewswire/ --Today The Gabriel South Beach, Curio Collection by Hilton , a new lifestyle hotel on Ocean Drive, announced it will open on Miami Beach this fall.

Key Points: 
  • MIAMI, Sept. 22, 2021 /PRNewswire/ --Today The Gabriel South Beach, Curio Collection by Hilton , a new lifestyle hotel on Ocean Drive, announced it will open on Miami Beach this fall.
  • The sprawling property is the sister property to The Gabriel Miami, Curio Collection by Hilton located in downtown Miami.
  • The Gabriel South Beach will be part of Conscious Certified Hotels (CCH), CGI's one-of-a-kind collection of socially minded hotel properties throughout North America and the Caribbean.
  • View original content to download multimedia: https://www.prnewswire.com/news-releases/the-gabriel-south-beach-curio-c...
    SOURCE The Gabriel South Beach, Curio Collection by Hilton

Highgate Appoints Arash Azarbarzin As Chief Executive Officer Amidst Transformational Year

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星期三, 九月 22, 2021
Food, Marketing, SH, Biophysical environment, Board of directors, Corporate governance, DNA, Advisory board, Association, Season, Social, Highgate, Restaurant management, Board, Hilton College of Hotel and Restaurant Management, Foodservice, CEO, City, Growth, Entrepreneurship, SBE Entertainment Group, Creativity, American Hotel, Waikiki, Arash, Industry, St. Regis Hotels & Resorts, Director, Creative industries, Hotel

NEW YORK, Sept. 22, 2021 /PRNewswire/ -- Highgate ,a leading real estate investment and hospitality management company, announced today the appointment of industry pioneer, Arash Azarbarzin, as Chief Executive Officer.

Key Points: 
  • NEW YORK, Sept. 22, 2021 /PRNewswire/ -- Highgate ,a leading real estate investment and hospitality management company, announced today the appointment of industry pioneer, Arash Azarbarzin, as Chief Executive Officer.
  • This includes a heightened focus on Highgate's Environmental, Social and Corporate Governance strategy based on Arash's expertise in sustainable, modern luxury.
  • In this new role, Arash will also lead the development of specialized Food & Beverage and Marketing divisions.
  • "It is a great honor to join Highgate and build upon the legacy established by the Khimji family," said Arash.