Cerberus and Highgate to acquire Dorsett City London from Far East Consortium.

Cerberus, a private equity firm, and Highgate, a company providing management services on a contract or fee basis, agreed to acquire Dorsett City London, a hotel located at 9-13 Aldgate High Street in London, from Far East Consortium, an investment holding company. Financial terms were not disclosed. “Highgate is excited to collaborate with Cerberus to acquire this prominent London property that is poised to meet the steadily rising demand for premier hospitality experiences for business and leisure. This acquisition is emblematic of Highgate’s strategy to expand further into the UK and European markets by acquiring and managing quality assets," Mehdi Khimji, Highgate Co-Founder and Managing Principal.