Highside Companies has secured a US$500-million investment-grade financing package from affiliates of Apollo to expand its Everhome Suites hotel platform in collaboration with Choice Hotels International.

Denver-based Highside is part of Toronto-headquartered Westmount Park Investments’ portfolio. According to a news release announcing the new financing package, Highside delivers institutional-grade execution across the full development lifecycle—from entitlement and financing to construction and asset management.

The transaction marks one of the largest structured financings in the extended-stay sector in recent years, said Westmount Park.

Highside, led by CEO Justin Roberts, is a vertically integrated real estate development and investment company active in the U.S. and Canada. Its portfolio spans multi-family, self-storage, and light industrial, with more than US$1 billion in projects currently underway.

“We believe extended-stay hospitality is a structurally resilient asset class, and Highside is uniquely positioned to lead its evolution,” said Romeo Di Battista, principal at Westmount Park, the company’s sponsor and strategic partner.

Highside is expanding its pipeline through direct acquisitions, joint-ventures with landowners, and partnerships with local developers, targeting markets aligned with long-term demographic and demand trends.

Westmount Park, a second-generation Canadian family office, has nearly 50 years of experience investing in real estate, infrastructure, and service-based businesses.

Pictured: Evergreen Suites hotel in Glendale, Ariz.

Photo: Choice Hotels