Rockpoint and Highgate have sold Home2 Suites by Hilton Lake Mary in Orlando. Terms of the transaction were not disclosed.
Rockpoint and Highgate formed a strategic joint venture in 2021 with plans to develop select-service and extended-stay hotels. This venture marked a continuation of Highgate’s select-service and extended-stay development platform, which it formed in 2016. Through the partnership, the firms developed two hotels, including the Home2 Suites by Hilton Lake Mary and the Home2 Suites by Hilton Scottsdale North, in Arizona, which was sold in June 2024.
“This outcome reflects our selective approach to investing in the hospitality sector alongside leading operating partners, focused on markets with compelling long-term demand fundamentals,” said Dan Domb, COO and a managing member at Rockpoint. “We are pleased to have executed on this shared vision with our partners at Highgate, developing a high-performing hotel that we believe is well positioned t
