Denver, Colo. (May 1, 2012) – KSL Capital Partners, LLC announced today that it has completed the previously announced acquisition of the historic Grove Park Inn Resort & Spa. One of the most iconic resorts in the United States, the 512-room Grove Park Inn sits between the majestic Blue Ridge and Great Smoky Mountains in Asheville, North Carolina. Constructed in 1913, the resort features one of the country’s most widely acclaimed spas, eight dining outlets and seven retail outlets, an 18-hole Donald Ross-designed golf course, a 50,000-square-foot sports complex, and 55,000 square feet of meeting space with 42 meeting rooms.

As part of the resort’s Centennial celebration in 2013, KSL Capital Partners is planning to embark on an extensive $25 million renovation of the resort’s public areas, guest rooms, dining outlets, meeting spaces and spa that will honor the historic style of the resort while enhancing the guest experience.

The resort will be managed by KSL Resorts, a leading independent hotel management company.

About The Grove Park Inn‍

Nestled in the Blue Ridge Mountains, just beyond the energy of downtown Asheville, North Carolina, The Grove Park Inn is sanctuary for the soul. Enchanting mountain vistas, lush green fairways, warm Southern charm, and passionate hospitality make The Grove Park Inn an oasis for family vacations and romantic getaways. Listed on the National Register of Historic Places and one of Travel + Leisure’s Top Spa Resorts in the country, The Grove Park Inn is the place to relax, rejuvenate, explore, play, eat and celebrate. Located adjacent to the resort are 24 sophisticated residences of The Fitzgerald, a luxury condominium development. To learn more about The Grove Park Inn, please visit www.groveparkinn.com. To learn about the acclaimed Fitzgerald condominiums at The Grove Park Inn, please visit www.thefitzgerald.info.

About KSL Capital Partners‍

KSL is a private equity firm specializing in travel and leisure enterprises in five primary sectors: hospitality, recreation, clubs, real estate and travel services. KSL has offices in Denver, Colorado and New York.

KSL’s current portfolio includes some of the premier properties in travel and leisure, including The Homestead, Montelucia Resort & Spa, Barton Creek Resort & Spa, Rancho Las Palmas Resort & Spa, The Royal Palm, La Costa Resort and Spa, and 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; Western Athletic Clubs, the owner and operator of luxury fitness clubs on the West Coast; and Orion Expedition Cruises, a luxury expedition cruise operator based in Sydney, Australia. For more information on KSL, please visit www.kslcapital.com.

About KSL Resorts‍

Founded in 1992, KSL Resorts manages nine time-honored resorts with outstanding recreational amenities including spa, golf, tennis and ski. Each is refined yet unpretentious, rich in legacy and genuine in service. The KSL Resorts portfolio of properties includes:

• Hotel del Coronado (San Diego, Calif.)
• Beach Village at The Del (San Diego, Calif.)
• La Costa Resort and Spa (Carlsbad, Calif.)
• Rancho Las Palmas Resort & Spa (Rancho Mirage, Calif.)
• Vail Mountain Lodge & Spa (Vail, Colo.)
• Barton Creek Resort & Spa (Austin, Texas)
• The Homestead (Hot Springs, Va.)
• Montelucia Resort & Spa (Scottsdale, Ariz.)
• The Grove Park Inn & Spa (Asheville, NC)
  ‍

For more information, visit www.kslresorts.com.