financeLodging Magazine··1 min·For: Owner, GM, Investor, Ops
Highgate and Lotte Hotels Announce Strategic Partnership
Highgate and Lotte Hotels & Resorts have entered a strategic partnership aimed at expanding their global footprints through joint hotel management and development opportunities.
Key Takeaways
- 1Leverage the joint venture to expand Lotte Hotels & Resorts' brand presence across North America.
- 2Utilize Highgate's operational expertise to manage Lotte-branded properties and co-branded lifestyle assets.
- 3Identify new investment opportunities and acquisitions through the combined scale of both organizations.
Source: Lodging Magazine
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