• Highgate expansion deal

US hotel manager Highgate Hotels has sold a minority stake to private equity investor Trilantic Capital Partners. The deal signals that Highgate, which manages under brand flags including Hilton and Marriott, is looking to expand, reports the Wall Street Journal. 

Analysts suggest Highgate could make a substantial acquisition. The company manages around 60 hotels with 20,000 rooms across the US, and is known for turning round ailing properties. 
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