News

DENVER, April 18, 2018 /PRNewswire/ -- KSL Capital Partners, LLC (KSL), a private equity firm specializing in travel and leisure investments, is pleased to announce that an affiliate of KSL has acquired the Margaritaville Hollywood Beach Resort, the oceanfront resort and entertainment destination located on the Hollywood Beach Broadwalk in Hollywood, Florida. The 349 guest room and suite flagship property for the Margaritaville brand offers an abundance of live entertainment in an oceanfront setting and features eight diverse restaurant and bar concepts, a full-service spa and three pools providing the ideal venue for guests to kick back and enjoy the unmistakable Jimmy Buffett state of mind that embodies Margaritaville.   Davidson Hotels & Resorts has worked side-by-side with KSL through the acquisition process and has been named manager of the resort.

"We have confidence that Davidson's team culture, brand knowledge and unmatched support services are the key ingredients to driving investment value and improving operational performance," said Bernard Siegel, a partner at KSL.  "Further, we are thrilled to be in business with Margaritaville, a true lifestyle hospitality brand, delivering an authentic and unique resort experience.

"The Margaritaville Hollywood Beach Resort is a tremendous opportunity to continue leveraging our expertise in brand building and resort operations," said Davidson's chief executive officer John Belden.  "This will be our 4th destination resort in Florida, joining the iconic Don CeSar and Beach House Suites by The Don CeSar in St. Pete Beach and the naturally luxurious Baker's Cay Resort in Key Largo, set to open later this year."

With its proximity to international airports and one of the largest cruise ports in the world, and located between Miamiand Fort Lauderdale, Margaritaville Hollywood Beach Resort perfectly captures the charm and quaintness of Hollywood Beach.  Influenced by the colors of the sea, sand and sky, all of the resort's guest rooms and suites blend coastal casual design and luxurious comfort and open to a private balcony overlooking waterfront views. Whether seeking relaxation by the pool, adventures in the ocean, exceptional dining or the perfect meeting or catered event, this paradise has something for everyone, with eight venues including Jimmy Buffett's Margaritaville, LandShark Bar & Grill and the Five o' Clock Somewhere Bar & Grill, each providing guests with the "license to chill" unlike any other place in the world.

"We are excited to welcome both a best-in class sponsor like KSL and a proven operator like Davidson Hotels & Resorts to our flagship resort," said John Cohlan, chief executive officer of Margaritaville. "Together we look forward to continue to provide a unique vacation 'state of mind' experience for all our guests."

About Margaritaville Hollywood Beach Resort ‍

The AAA Four Diamond-rated Margaritaville Hollywood Beach Resort is a 17-story, 349-room destination resort and entertainment complex offering an authentic, "no worries" tropical vibe inspired by the lyrics and lifestyle of singer, songwriter and best-selling author Jimmy Buffett. Designed to offer an extensive array of amenities combined with a high degree of hospitality, service and attention to detail, this oceanfront resort is located just minutes from the Fort Lauderdale-Hollywood International Airport and Port Everglades on the famed Broadwalk in Hollywood, Florida.  The perfect setting for guests to escape the everyday and just chill, the resort features multiple diverse restaurant concepts, a full-service spa with eleven treatment rooms, a state-of-the-art oceanfront fitness center, an array of shopping outlets, 30,000 square-feet of flexible function space, an extensive on-site water recreation area with multiple pools, FlowRider® Double and three live entertainment venues. Margaritaville Hollywood Beach Resort is a part of Margaritaville's growing collection of hotels and resorts. Today, the global lifestyle brand features 11 lodging locations across the Southeast United States and Caribbean with more than 30 additional locations in the pipeline.

About Davidson Hotels & Resorts ‍

Davidson Hotels & Resorts is an award-winning, full-service hotel management company providing management, development/renovation, acquisition, consulting and accounting expertise for the hospitality industry. Amassing one of the purest full-service hotel portfolios in the industry, Davidson, along with its lifestyle and luxury operating division, Pivot Hotels & Resorts, specializes in independent and branded assets in the upper-upscale to near-luxury segments including 45 hotels, over 13,000 rooms and over 1.5 million square feet of meeting space across the United States. A trusted partner and preferred operator of Marriott, Hilton and Hyatt, Davidson delivers hospitality and creates value for owners with every single hotel. More information can be found at www.davidsonhotels.com.  

About KSL Capital Partners ‍

KSL Capital Partners, LLC 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; Stamford, Connecticut; and London. Since 2005, KSL has raised approximately $8.4 billion in equity capital commitments. KSL's current portfolio includes some of the premier properties in travel and leisure. For more information, please visit www.kslcapital.com.

Formed by Affiliates of KSL Capital Partners and Henry Crown and Company

DENVER, CO, January 11, 2018 - The joint venture of affiliates of KSL Capital Partners and Henry Crown and Company that curated 12 premier destinations in North America, now has a name. Announcing Alterra Mountain Company, a new destination group that is changing the landscape of the mountain resort industry.

Alterra Mountain Company, headquartered in Denver, Colorado is comprised of 12 destinations, including the world’s largest heli-skiing operation. Alterra Mountain Company was created when affiliates of KSL Capital Partners, owners of Squaw Valley Alpine Meadows, and Henry Crown and Company purchased Intrawest, Mammoth Resorts, and Deer Valley Resort in 2017.

“Alterra Mountain Company is made up of unique mountain destinations, each with a personality and spirit that has delighted visitors for generations. Our vision at Alterra Mountain Company is to protect and enhance what makes each destination special, inviting guests back to their favorite mountain, and enticing them to visit new destinations on their bucket list,” said David Perry, President and COO, Alterra Mountain Company. “We respect and continue to learn from the pioneers and leaders that built these iconic locations and paved the way before us, as we push the boundaries and innovate for our future.”

Alterra Mountain Company’s destinations offer premium ski, snowboard and all-season activities for those who seek adventure, freedom, and fun in the great outdoors. The destinations that make up Alterra Mountain Company are spread throughout five states and three Canadian provinces: Steamboat and Winter Park in Colorado; Squaw Valley Alpine Meadows, Mammoth Mountain, June Mountain and Big Bear Mountain Resort in California; Stratton in Vermont; Snowshoe in West Virginia; Tremblant in Quebec, Blue Mountain in Ontario; Deer Valley in Utah; and CMH Heli-Skiing & Summer Adventures in British Columbia.

At each destination, Alterra Mountain Company leaders are empowered to be decisive, creative, and bold in order to retain each mountain’s authentic character. Recognizing the innate value of the unique culture found at each of the mountain communities, Alterra Mountain Company’s goal is to preserve, sustain and support its two most important resources: the mountains and the people who live and play in them.

 
About the Name and Logo‍

The name Alterra is a fusion of the words altitude and terrain/terra, paying homage to the mountains and communities that form the backbone of the company.
In the coming months Alterra Mountain Company will announce new season pass products that will provide access to all of our existing mountains, plus many additional benefits, sure to please skiers and riders.  

About Alterra Mountain Company‍

Alterra Mountain Company is a community of 12 iconic year-round destinations, including the world’s largest heli-ski operation. The company owns and operates a range of recreation, hospitality, real-estate development, food and beverage and retail businesses. Headquartered in Denver, Colorado with destinations across the continent, we are rooted in the spirit of the mountains and united by a passion for outdoor adventure. Alterra Mountain Company’s family of diverse playgrounds spans five U.S. states and three Canadian provinces: Steamboat and Winter Park Resort in Colorado; Squaw Valley Alpine Meadows, Mammoth Mountain, June Mountain and Big Bear Mountain Resort in California; Stratton in Vermont; Snowshoe in West Virginia; Tremblant in Quebec, Blue Mountain in Ontario; Deer Valley in Utah; and CMH Heli-Skiing & Summer Adventures in British Columbia. We honor each destination’s unique character and authenticity and celebrate the legendary adventures and enduring memories they bring to everyone. For more information on Alterra Mountain Company, visit www.alterramtnco.com.

About KSL Capital Partners, LLC

KSL Capital Partners, LLC 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; Stamford, Connecticut; and London. Since 2005, KSL has raised approximately $8.2 billion of capital across both debt and equity funds. KSL's current portfolio includes some of the premier properties in travel and leisure. For more information, please visit www.kslcapital.com.

About Henry Crown and Company‍

Henry Crown and Company, through a newly formed affiliate, is a minority investor in the new joint venture Alterra Mountain Company. Henry Crown and Company dates back to the early 1900’s when Henry Crown and his brothers started Material Service Corporation, which was later merged into General Dynamics. Today, the Crown’s family assets fall into four broadly defined categories, including publicly traded securities, real estate, investment funds, and privately held operating companies, including Aspen Skiing Company, L.L.C. Aspen Skiing Company owns and operates the four mountains of Aspen Snowmass – Snowmass, Aspen Mountain, Aspen Highlands, and Buttermilk – as well as hospitality properties The Little Nell, Residences at The Little Nell, Limelight Aspen, and Limelight Ketchum in Ketchum, Idaho. In addition, Aspen Skiing Company owns and operates numerous retail and rental locations through the resort and the Roaring Fork Valley. Aspen Skiing Company, LLC is one of the Henry Crown and Company entities which owns Alterra Mountain Company.  Aspen’s mountains and properties will continue to be run directly by Aspen Skiing Company and not by Alterra Mountain Company. For more information, visit www.aspensnowmass.com.

New Company’s portfolio now includes 13 four-season mountain resorts

Denver, Colorado & Park City, Utah  – The newly formed entity (the “Company”) controlled by affiliates of KSL Capital Partners, LLC and Henry Crown and Company today announced the completion of their previously announced acquisition of Deer Valley Resort. The Company, with Deer Valley Resort, also announced that Bob Wheaton will remain at Deer Valley Resort as president and chief operating officer.

Through this transaction, Deer Valley Resort is now part of an impressive portfolio of 13 resorts with more than seven million skier visits, 22,000 skier acres, and significant land available for real estate development. The Company also includes Canadian Mountain Holidays, the world’s leading heli-ski operator, and comprehensive aviation and real estate businesses.  Its mountain resorts are geographically diversified across most of North America’s major ski regions: Squaw Valley|Alpine Meadows, Mammoth Mountain Ski Area, Snow Summit, Bear Mountain and June Mountain in California; Deer Valley Resort in Utah; Steamboat Ski & Resort and Winter Park Resort in Colorado; Blue Mountain Ski Resort in Ontario; Mont Tremblant Resort in Quebec; Stratton Mountain Resort in Vermont; and Snowshoe Mountain Resort in West Virginia.

“We could not be more pleased that Deer Valley Resort is now a part of our new Company,” said David Perry, president and chief operating officer of the Company.  “We believe that this transaction not only adds tremendous value to our Company but also enhances the opportunities we are able to provide to our guests, our employees, and our communities. We are committed to maintaining the first-class experience and level of guest service for which the resort is known, and we look forward to what should be a fantastic 2017/18 ski season across our portfolio.”

“Joining this impressive portfolio of resorts is a big step forward in the future of Deer Valley Resort. It will enable the resort to build upon its time-honored traditions while further enhancing the overall experience,” said Bob Wheaton, Deer Valley Resort president and chief operating officer. “We are thrilled to be a part of the new Company and are excited to begin welcoming guests to Utah this winter.”

Season Passes

For the full 2017-18 winter season, Deer Valley Resort will continue to honor the existing pass products that are currently on sale.

About the New Company (expect a new brand launch prior to the upcoming ski season)

The Company, which joined Intrawest Resorts Holdings, Inc., Mammoth Resorts, Squaw Valley Ski Holdings, and, most recently, Deer Valley Resort, is a North American mountain resort and adventure company delivering distinctive vacation and travel experiences to its guests. The Company owns and/or operates 13 four-season mountain resorts with approximately 22,000 skiable acres and significant land available for real estate development.   The mountain resorts are geographically diversified across most of North America’s major ski regions:  Squaw Valley|Alpine Meadows, Mammoth Mountain Ski Area, Snow Summit, Bear Mountain and June Mountain in California; Deer Valley Resort in Utah; Steamboat Ski & Resort and Winter Park Resort in Colorado; Blue Mountain Ski Resort in Ontario; Mont Tremblant Resort in Quebec; Stratton Mountain Resort in Vermont; and Snowshoe Mountain Resort in West Virginia. The Company’s mountain resorts are geographically diversified across most of North America’s major ski regions, including California, the Eastern United States, the Rocky Mountains, and Canada. The Company also operates an adventure travel business, the cornerstone of which is Canadian Mountain Holidays, the world’s leading heli-skiing adventure company, and a comprehensive real estate business through which it manages condominium hotel properties and sells and markets residential real estate.

The Hut Group (“THG”, or the “Group”), one of the world’s largest online Health & Beauty retailers and brand owners, announces the acquisition of ESPA, a world-renowned leader in spas and skincare excellence, from affiliates of KSL Capital Partners, LLC (“KSL”).

Established in 1993, ESPA is the choice of the world’s leading spas and skincare experts. ESPA products and treatments are sold in over 700 spas across 50 countries in the finest hotels including ESPA Life at The Corinthia London, top destinations of Ritz Carlton, Peninsula, One&Only and the ESPA Life at Gleneagles.

Each spa offers a unique reflection of its environment, ultimately providing a collection of bespoke, opulent destination spas that offer wellbeing experiences for skin, body and mind. Last year, ESPA- trained beauty therapists performed over 5 million treatments globally.

ESPA products are also sold in luxury retail outlets such as John Lewis, Liberty London and Harvey Nichols, and direct to consumers on espaskincare.com.

Working with the best skincare experts, using only the highest quality, purest natural ingredients at their optimal levels, ESPA create unique Tri-Active™ blends of plant actives, marine actives and essential oils to develop the most effective, natural products and treatments. All new product development and manufacturing is done at ESPA’s own facility in the UK.

The investment represents another strategic move for THG as it continues to expand its Beauty offering and international reach. THG is already Europe’s largest retailer of premium beauty including MAC, Bobbi Brown, Nars and Lancôme products through Lookfantastic.com, and also owns a host of luxury Beauty brands including Mio Skincare, Mama Mio, Grow Gorgeous and GLOSSYBOX, and now ESPA. In addition to its presence across the Beauty industry, THG also owns numerous brands across the Health sector, including the world’s largest online Health brand, Myprotein.

Matthew Moulding, Founder and Chief Executive Officer of The Hut Group, said: “ESPA is an exciting addition to The Hut Group’s growing portfolio of beauty brands. Synonymous with luxury, its products are sold in the most prestigious spas and retailers around the globe. We intend to substantially invest further in the ESPA brand, especially in manufacturing capabilities, and to develop the brand into a true  global leader in its area.  Our investment in acquiring the ESPA brand further supports our ambition of becoming the world’s largest online retailer of Health & Beauty products by the end of the year.”

Susan Harmsworth, Founder of ESPA, said: “I am delighted about this acquisition which paves the way to an exciting next chapter in our journey. I am truly confident that The Hut Group has the passion and expertise to extend ESPA’s holistic philosophy which has been at the heart of our products, spas and treatments for twenty-five years. With spas in over 50 countries, this partnership enables us to reach even more customers all over the world.”

The Hut Group was advised by CMS (Katie Nagyedenagybaczon), KPMG (John Moth) and Deloitte (David OLeary). KSL was advised by Baylor Klein (Tim Leach), Simpson Thacher & Bartlett (Derek Baird) and Deloitte (Gurm Dhillon).

For more information, please contact:

Viki Tahmasebi
viki.tahmasebi@thehutgroup.com
Group Head of PR, The Hut Group
[07966 028340]

Julie Messing-Paea
julie.messing@mac.com
KSL Media Contact
+1 310-691-9979


Notes to editors About The Hut Group

The Hut Group (THG) is a nimble giant with a start-up culture, led by founder Matthew Moulding. Built on a foundation of proprietary industry-leading technology, a world-class team and a scientific approach to building global brands. THG is fast becoming the world’s most influential online retail organisation.

In the year to 31 December 2016, THG grew Group Sales by 50% (to £501m), with International Sales growing by 89% (to £316m). EBITDA grew 67% to £50m. Over half of THG’s sales now come from own brand products.

Part of the Northern Powerhouse near Manchester, it operates over 140 highly profitable websites retailing premium, non- perishable FMCG products direct to consumers across the fast growing, global Health & Beauty markets.

Pioneering Technology Platform‍

THG is a major British technology success story. Its in-house team design, develop and build bespoke proprietary technology that is used by hundreds of millions of people worldwide across 190 + countries.

Its unique platform helps the Group dispatch 37 million items to customers across the world, taking THG to the top of the Sunday Times profit track for a second consecutive year.

The platform was recognised as E-tailer of the Year by Retail Week for “Becoming Europe’s fastest growing E-tailer, through leveraging proprietary technology, data and a disruptive model to deliver own brand products direct to global consumers.

Talent‍

The Hut Group is the #1 place for ambitious young talent that want to run a business or build industry leading technology.

About ESPA‍

With over 25 years’ experience building award-winning spas around the world and with a pioneering collection of natural spa products and treatments, ESPA is the chosen brand of the world’s leading spa and skincare experts, with over 700 spas in over 60 countries. Working with expert formulators, biochemists and aromatherapists, they combine the wisdom from traditional holistic therapies with the scientific power of the purest natural ingredients. This combination blends plant and marine actives with essential oils to create unique Tri-Active™ formulations delivering innovative products and treatments for the very best results. ESPA are guided by a holistic philosophy, to help you look and feel your best, for you to have naturally beautiful skin and a renewed sense of inner calm.

New Company’s portfolio increases from 12 four-season mountain resorts to 13 with the addition of iconic Utah resort

Denver, Colorado, and Park City, Utah [August 21, 2017] – The newly formed entity controlled by affiliates of KSL Capital Partners, LLC and Henry Crown and Company that in July joined Intrawest Resorts Holdings, Inc., Mammoth Resorts and Squaw Valley Ski Holdings today announced, with Deer Valley Resort, that they have entered into a definitive agreement for the newly formed entity to acquire Deer Valley Resort. Financial terms of the transaction were not disclosed. The transaction is subject to certain closing conditions and is anticipated to close prior to the upcoming 2017/2018 ski season.

“Deer Valley Resort is one of the preeminent mountain resorts in the world and is a tremendous addition to our existing portfolio. Prior to this acquisition, we were able to offer our guests exceptional experiences throughout most of North America’s major ski regions, but we did not have a resort in Utah, a state that is renowned for great skiing and mountain town life. Park City and Salt Lake skiers have always known that powder, blue skies, a huge variety of terrain, and exemplary guest service set Deer Valley Resort apart,” said David Perry, President and Chief Operating Officer of the new joint venture. “We could not be more pleased that Deer Valley Resort will be part of our new company, and we look forward to working with the staff and Park City community to carry on the traditions that make it so special,” added Mr. Perry. “We are thrilled to join this impressive portfolio with 12 other resorts and are excited about the opportunities this transaction will create for our guests, staff, and the community of Park City. Deer Valley is a special place and being part of its growth has been one of the great joys of my life,” said Bob Wheaton, president and general manager. “Joining this portfolio of resorts will enable Deer Valley to build upon its outstanding traditions and further enhance our ability to provide our guests with a world class skiing experience. I look forward to working with them as we develop our vision for the future of the resort and the new company.”

Season Passes‍

For the full 2017-18 winter season, Deer Valley will continue to honor the existing pass products that are currently on sale.

About Deer Valley‍

Deer Valley Resort revolutionized the ski industry by providing the first-class service one would receive at a five-star hotel. The resort offers 21 chairlifts, 101 ski runs, six bowls, 12 restaurants, 300 annual inches of powder, three elegant day lodges, 2,026 acres of alpine skiing, hundreds of luxury accommodations and a renowned Ski School and Children’s Center.

About Intrawest Resorts, Inc., Mammoth Resorts, Squaw Valley Ski Holdings and the New Joint Venture (expect a new brand launch prior to the upcoming ski season)

The new joint venture is a North American mountain resort and adventure company, delivering distinctive vacation and travel experiences to its customers. Together, Intrawest, Mammoth Resorts and Squaw Valley Ski Holdings own and/or operate 12 four-season mountain resorts with approximately 20,000 skiable acres and significant land available for real estate development. The mountain resorts are geographically diversified across most of North America’s major ski regions: Squaw Valley, Alpine Meadows, Mammoth Mountain Ski Area, Snow Summit, Bear Mountain and June Mountain in California; Steamboat Ski & Resort and Winter Park Resort in Colorado; Blue Mountain Ski Resort in Ontario; Mont Tremblant Resort in Quebec; Stratton Mountain Resort in Vermont; and Snowshoe Mountain Resort in West Virginia. The company’s mountain resorts are geographically diversified across most of North America’s major ski regions, including California, the Eastern United States, the Rocky Mountains, and Canada. The company also operates an adventure travel business, the cornerstone of which is Canadian Mountain Holidays, the world’s leading heli-skiing adventure company. Additionally, the company operates a comprehensive real estate business through which it manages condominium hotel properties and sells and markets residential real estate.