Westmount Park Investments Highlights Strategic Milestone in Portfolio Company With Highside's US$500 Million Facility From Apollo Affiliates

Rhea-AI Summary

Apollo (NYSE:APO) affiliates have provided a US$500 million investment-grade financing package to Highside Companies, a portfolio company of Westmount Park Investments. The financing will support Highside's Everhome Suites platform expansion in partnership with Choice Hotels International (NYSE:CHH).

Highside Companies, a vertically integrated real estate development and investment platform led by CEO Justin Roberts, currently has over US$1 billion in projects underway across the United States and Canada. The company focuses on extended-stay hospitality, multifamily, self-storage, and light industrial sectors, utilizing a data-driven approach for site selection and development.

Insights

Private Equity Analyst

Apollo's $500M facility to Highside strengthens extended-stay real estate platform, demonstrating institutional confidence in asset class resilience.

The US$500 million investment-grade financing secured by Highside Companies from Apollo affiliates represents a substantial vote of confidence in both the company's operational model and the extended-stay hospitality sector. This transaction is particularly noteworthy given its size - one of the largest structured financings in this subsector in recent years.

What makes this deal structurally significant is Highside's vertically integrated approach spanning the full development lifecycle. With over US$1 billion in projects already underway across diverse real estate segments (extended-stay, multifamily, self-storage, and light industrial), this capital injection provides Highside with substantial dry powder to accelerate its Everhome Suites platform expansion in partnership with Choice Hotels.

The financing structure demonstrates institutional-grade validation for Westmount Park's investment thesis on extended-stay hospitality as a structurally resilient asset class. This sector has consistently outperformed traditional hospitality during economic downturns due to its hybrid nature between hotels and multifamily housing.

For Apollo, this represents a strategic deployment of capital into an operationally-intensive real estate vertical with barriers to entry, particularly valuable in today's yield-starved environment. The investment-grade nature of the facility suggests favorable terms that should enhance Highside's ability to generate attractive risk-adjusted returns while scaling their platform across North America.

Family office affirms long-term strategy through landmark financing at Highside, a key platform investment

TORONTO, Sept. 3, 2025 /PRNewswire/ - Westmount Park Investments, a Canadian private family office, is pleased to recognize a significant milestone in one of its portfolio companies, Highside Companies, which has secured a US$500 million investment-grade financing package from affiliates of Apollo (NYSE: APO). The capital will support the expansion of Highside's Everhome Suites platform in collaboration with Choice Hotels International (NYSE: CHH), marking one of the largest structured financings in the extended-stay sector in recent years.

Highside Companies, led by CEO Justin Roberts, is a vertically integrated real estate development and investment platform with operations across the United States and Canada. The company is also active in adjacent real estate verticals, including multifamily, self-storage, and light industrial, applying a data-driven approach to site selection, zoning, and capital structuring. With over US$1 billion in projects underway, Highside delivers institutional-grade execution across the full development lifecycle—from entitlement and financing to construction and asset management.

"The Apollo facility is a transformational milestone that underscores the strength of Highside's platform, strategy, and leadership," said Romeo Di Battista Jr., Principal at Westmount Park Investments, the company's sponsor and strategic partner. "I'm incredibly proud of Justin Roberts, CEO of Highside, and the entire team for what they've accomplished. We believe extended-stay hospitality is a structurally resilient asset class, and Highside is uniquely positioned to lead its evolution. We're proud to support the company as it scales across North America and expands its footprint."

Highside continues to evaluate new development opportunities through direct acquisitions, joint ventures with landowners, and strategic partnerships with local developers. The company is actively growing its pipeline of institutional-grade projects in select markets aligned with long-term demographic and demand trends.

Westmount Park Investments is a second-generation Canadian family office with nearly 50 years of experience owning, operating, and investing across multiple industries. The firm focuses on long-term, control-oriented investments in real estate, infrastructure, and service-based operating businesses. In addition to investing principal capital, Westmount partners with proven operators through active ownership, disciplined growth, and strategic capital allocation.

For more information, please visit https://westmountpark.com. 

Learn more about Highside Companies online.

View original content:https://www.prnewswire.com/news-releases/westmount-park-investments-highlights-strategic-milestone-in-portfolio-company-with-highsides-us500-million-facility-from-apollo-affiliates-302542308.html

SOURCE Westmount Park Investments

FAQ

What is the size of Apollo's (NYSE:APO) financing package to Highside Companies?

Apollo affiliates provided a US$500 million investment-grade financing package to Highside Companies.

How much does Highside Companies currently have in ongoing projects?

Highside Companies has over US$1 billion in projects underway across the United States and Canada.

What is the purpose of the Apollo (NYSE:APO) financing for Highside?

The financing will support the expansion of Highside's Everhome Suites platform in collaboration with Choice Hotels International (NYSE:CHH).

Which sectors does Highside Companies operate in?

Highside operates in extended-stay hospitality, multifamily, self-storage, and light industrial sectors, using a data-driven approach for development.

Who owns Highside Companies?

Highside Companies is a portfolio company of Westmount Park Investments, a Canadian private family office with nearly 50 years of experience.