Highgate acquires Heavlin Management Company – Hotel-Online
Highgate | February 27, 2020
New York, NY – February 27, 2020 – Highgate, a leading hotel management and property investment company, today announced the acquisition of Heavlin Management Company, LLC (âHMCâ), a hotel management company with over 30 years of experience operational headquartered in Chandler, Arizona. Heavlin Management Company oversees nine branded properties across Arizona and two independent properties in Alaska. Pursuant to the purchase, Highgate will assume management of all properties in HMC’s portfolio.
The properties of the portfolio acquired include:
- Crowne Plaza Phoenix Airport, Arizona
- Four Points by Sheraton Phoenix South Mountain, Arizona
- Hampton Inn & Suites Scottsdale Riverwalk, Arizona
- Phoenix Airport, Arizona
- Hilton Tucson East, Arizona
- Holiday Inn & Suites Hotel Phoenix Airport North, Arizona
- Holiday Inn Phoenix Chandler, Arizona
- Sheraton Phoenix Airport Hotel in Tempe, Arizona
- Doubletree Tucson (opening December 2020, Arizona
- Edgewater Inn Restaurant and Marina, Alaska
- Salmon Falls Resort, Alaska
âAs a leader in third-party management in urban markets, Highgate’s growth strategy has been to selectively enter new markets and move in those markets in a rapid and deliberate manner, which allows us to generate efficiency gains and attracting talent, âsaid Richard Russo, senior vice president of Acquisitions and Development for Highgate. âThe acquisition of HMC allows Highgate to acquire a premier carrier and immediately rank among the largest operators in one of the country’s fastest growing markets. Highgate will continue to buy or partner with like-minded operating companies, which will allow us to expand into new markets or segments while retaining the individual cultures that have made these companies successful.
Founded by CEO Frank Heavlin, Heavlin Management Company owns and operates Arizona’s large portfolio of hotels in Phoenix, Scottsdale and Tucson. In addition, HMC owned and operated two hotels in Alaska. Frank Heavlin will continue to work with Highgate to help develop the platform in the future.
âWhen deciding who to hand over the business that my wife and I have spent many years building on, we sought out Highgate because of their outstanding reputation in the industry and their willingness to embrace and develop the culture. that we have built. We couldn’t be more excited for the employees and partners of Heavlin as they embark on their future with Highgate, âsaid Frank Heavlin, CEO of HMC.
Currently operating 160 hotels and over 45,000 rooms worldwide, Highgate continues to receive global recognition for its value in the hospitality industry and has a strong focus on expanding its portfolio of award-winning hotels throughout 2020 and beyond.
âThese are truly an exciting time for the hospitality industry and an exciting time for Highgate. Highgate warmly welcomes HMC and looks to the future together, âsaid Steve Barick, COO of Highgate.