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69 Highgate Takes Over Lotte’s New York Palace — How it Feeds the Next Deal

Skift
Sean O'Neill @ Skift 2 place · today 12:10 EDT

Highgate Takes Over Lotte’s New York Palace — How it Feeds the Next Deal

Buying and flipping broken hotels is lumpy and cyclical. Highgate's fees for third-party hotel management are a steady drip that keeps the lights on between the big, risky trades.

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