Rockpoint and Highgate Announce Completion of Joint Venture with Sale of Second Hotel
Sale of Home2 Suites by Hilton Lake Mary in Orlando is Second Hotel Developed Jointly
BOSTON AND NEW YORK – April 1, 2026 — Rockpoint, a Boston-based real estate private equity firm, and Highgate, an industry-leading real estate, hotel management, and development company, today announced the sale of Home2 Suites by Hilton Lake Mary in Orlando, Florida. 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 to continue delivering value under new ownership.”
“Highgate remains committed to building on our track record as a leading investor, developer and operator in the select service and extended-stay space,” said Zach Berger, Principal at Highgate. “This recent joint venture with Rockpoint builds on the development platform that Highgate has formed over the past decade, and we are thrilled to have delivered strong results. Highgate looks forward to continuing to invest in capabilities across this particular space, in collaboration with leading brands, partners, and the communities in which we develop.”
Home2 Suites by Hilton Lake Mary offers convenient access to major local attractions including shopping, dining, Walt Disney World®, Universal Studios, and Daytona Beach. Guests of the all-suites, extended-stay hotel enjoy in-room kitchens and free breakfast, along with amenities that include an outdoor saline pool, fire pit, grilling area, and fitness center.
About Rockpoint
Rockpoint is a real estate private equity firm that employs a fundamental value approach to investing, targeting select product types and markets throughout the United States. The firm applies a consistent and disciplined investment approach across its investment programs, which span distinct return profiles. Rockpoint continually assesses market opportunities and evaluates potential investments relative to intrinsic value, replacement cost, and cash flow, targeting investments that Rockpoint believes are inefficiently priced or misunderstood by the broader market. Rockpoint proactively pursues opportunities that exhibit strong value potential that can be realized through impactful asset management. Since 1994, the firm’s co-founders with others have sponsored 19 investment vehicles and related co-investment vehicles through Rockpoint and a predecessor firm and have invested or committed to invest in 512 transactions with a total peak capitalization of approximately $81 billion. To learn more, visit www.rockpoint.com.
About Highgate
Highgate is a leading real estate investment and hospitality management company with over $15 billion of assets under management. Highgate has a 35-year track record as an investment manager, operating partner, and developer for REITs, private equity firms, sovereign wealth funds, high net worth individuals, and other institutional investors. With a particular focus in hospitality real estate, Highgate’s portfolio includes assets across the United States, Europe, Latin America, and the Caribbean. Highgate’s capabilities extend to adjacent real estate verticals including multifamily, short-term rentals, and diversified healthcare real estate, as well as investments in real estate-linked securities, technology platforms, and hospitality-related operating businesses. Highgate maintains corporate offices in New York, Dallas, Los Angeles, Miami, Seattle, Waikiki, London and Lisbon. For more information, visit: www.highgate.com. For media inquiries, please contact press@highgate.com