Kirkland Represents Joint Venture Between Cerberus Capital Management and Affiliates of Highgate on Acquisition of CorePoint Lodging for $1.5 Billion

Kirkland & Ellis advised a joint venture between Cerberus Capital Management, L.P., a global leader in alternative investing, and affiliates of Highgate, a leading real estate investment and hospitality management company, on the acquisition of CorePoint Lodging Inc. (NYSE: CPLG), a pure play select-service hotel owner strategically focused on the midscale and upper-midscale segments, for approximately $1.5 billion. The transaction is expected to close in the first quarter of 2022 and is subject to customary closing conditions. 

Read the transaction press release 

The Kirkland team was led by real estate partners Andrew Small, Richard Grossmann, Jonathan Schechter and Travis Fleming, corporate partners David Klein and Michael Brueck, and tax partner Mike Beinus.