KSL Contact: Susan Pasarow, Murphy O Brien
310-586-7127 or email@example.com
For Immediate Release
KSL CAPITAL PARTNERS ACQUIRES ST. REGIS MONARCH BEACH
Denver (May 21, 2014) – KSL Capital Partners, LLC (KSL), a leading private equity firm, today announced the closing of the purchase of the St. Regis Monarch Beach in Dana Point, California. The seller was an affiliate of Washington Holdings. The resort will continue to be managed by Starwood Hotels & Resorts as part of the St. Regis brand. Financial details of the transaction were not disclosed.
The St. Regis Monarch Beach is a Forbes Five-Star, AAA Five-Diamond destination resort, located along the pristine shores of the Pacific Ocean in Dana Point, California. The resort features 400 luxury rooms and suites across 169 acres, with six ocean view restaurants -- including the Stonehill Tavern featuring Chef Michael Mina -- three swimming pools, the championship Monarch Beach Golf Links, and the award winning Spa Gaucin.
“The St. Regis Monarch Beach is one of a handful of properties that has it all -- luxurious accommodations and world-class amenities, in an irreplaceable location steps from the Pacific Ocean, all in an easy drive from Southern California or flight via three major airports located nearby” said Bernard Siegel, Principal of KSL. “Despite all that the resort has to offer, we are planning to bring it to an even higher level. We could not be more pleased to be part of the resort and its surrounding community.”
About KSL Capital Partners, LLC
KSL is a private equity firm specializing in travel and leisure investments in five primary sectors: hospitality, recreation, clubs, real estate and travel services. KSL has offices in Denver, Colorado, Stamford, Connecticut and London, England. In addition to the property being acquired, KSL’s current portfolio includes some of the premier properties in travel and leisure. In the United Kingdom, funds advised by KSL own The Belfry in the West Midlands and the Malmaison and Hotel du Vin chains. In the United States, funds advised by KSL own The James Royal Palm and a majority interest in ClubCorp, one of the world’s largest owners of private golf and business clubs. KSL also owns other premier recreation businesses, including Squaw Valley and Alpine Meadows, two of the leading ski resorts in North America; and The Bay Club Company, the owner and operator of luxury fitness clubs in California. For more information, please see www.kslcapital.com