Highgate’s deal to purchase a $2.8 billion portfolio of hotels from Colony Capital will catapult the company into the upper ranks of the nation’s largest hotel owners. The privately held hospitality firm, launched in 1988 by brothers Mahmood and Mehdi Khimji, will have the fifth-largest portfolio in the country when it finalizes its deal with Colony, which is scheduled to close early next year. Highgate owns more than 34,000 rooms, according to figures from
source https://therealdeal.com/2020/09/29/colony-deal-puts-highgate-among-biggest-hotel-owners/
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