News

DENVER -KSL Capital Partners, LLC (KSL) announces that an affiliate of KSL has sold The James Royal Palm resort in South Beach, Fla. to Chesapeake Lodging Trust (NYSE:CHSP) for a purchase price of $278 million, or approximately $707,000 per key.  KSL is a U.S. private equity firm dedicated to investing in travel and leisure businesses.

“We are grateful to have been a part of the long history of The James Royal Palm,” said Bernie Siegel, a principal of KSL. “For nearly four years, we were able to transform it into one of the preeminent hotels in Miami, thanks in large part to the tireless efforts of the Royal Palm staff.”

KSL originally acquired the Royal Palm in 2011 and completed an extensive renovation and repositioning of the storied property in 2011 and 2012. The fully renovated property was reintroduced to the market in December 2012.

ABOUT KSL CAPITAL PARTNERS, LLC‍

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 London; Denver, Colo.; and Stamford, Conn. Since 2006, KSL has completed more than 30 investments in the travel and leisure industry, with an aggregate transaction value in excess of five billion dollars. KSL’s current portfolio includes some of the premier properties in travel and leisure. In the United States, KSL owns a majority interest in the Miraval Group, the owner and operator of luxury spa and wellness properties, and the St. Regis Monarch Beach in Dana Point, Calif. KSL also owns premier recreation businesses, including Squaw Valley and Alpine Meadows, two of the leading ski resorts in North America, and is the majority owner of ClubCorp, one of the world’s largest owners of private golf and business clubs. In the United Kingdom, KSL owns The Belfry in the West Midlands, the Malmaison and Hotel du Vin hospitality chains and the Village Urban Resort chain. For more information, please visit www.kslcapital.com.

New ownership plans significant brand investment and hotel expansion program in UK

DENVER – De Vere Group and KSL Capital Partners, LLC (KSL), are pleased to announce that an affiliate of KSL has acquired Village Urban Resorts (Village) from De Vere Group. KSL, headquartered in Denver, Colorado with an office in London, is a U.S. private equity firm dedicated to investing in travel and leisure businesses.

With 25 existing properties and three new properties under development, the transaction will further Village’s position as a leading hotel and lifestyle company within the UK. KSL is committed to growing the business by both reinvigorating the existing portfolio and expanding into new markets. Three new Village locations are scheduled to open shortly in Aberdeen, Glasgow and Edinburgh.

Village is known for providing an array of amenities for business and leisure travelers, its members and the community, from hotel accommodations and health and fitness centers to business services, dining options and meeting and event space.

“Village occupies a unique position in the UK market because of all it has to offer consumers,” said Coley Brenan, a principal at KSL. “With a very strong following and thousands of loyal members, we believe Village has tremendous potential for future growth. We are very pleased to add Village to KSL’s portfolio of investments in the UK.”

Gary Davis, who previously served as CEO of Malmaison and Hotel du Vin, will serve as CEO of Village. Davis previously oversaw the expansion of Village from 2007 to 2011 and the global expansion programs at Hard Rock Café and Planet Hollywood.

For more information, please visit www.village-hotels.co.uk.

ABOUT VILLAGE‍

Founded in 1995, Village Urban Resorts has 25 locations throughout the UK, with an additional three properties scheduled to open shortly. The company caters to both locals and travelers alike through its extensive food and beverage offerings and health and fitness club amenities. Each of the company’s properties was designed to serve multiple customers across multiple day parts with (i) a modern hotel; (ii) food and beverage outlets that consist of one or more pub-style restaurants and a Starbucks; (iii) extensive meeting and events space, including a banqueting room for up to 200 people; and (iv) large, comprehensive health and fitness facilities. For more information, please visit www.village-hotels.co.uk.

ABOUT KSL CAPITAL PARTNERS, LLC‍

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 London; Denver, Colorado; and Stamford, Connecticut. KSL’s current portfolio includes some of the premier properties in travel and leisure. In the UK, KSL owns The Belfry in the West Midlands and the Malmaison and Hotel du Vin hospitality chains. In the United States, KSL owns The James Royal Palm, Miraval Resort and St. Regis Monarch Beach. KSL also owns premier recreation businesses, including Squaw Valley and Alpine Meadows, two of the leading ski resorts in North America; and is the majority owner of ClubCorp, one of the world’s largest owners of private golf and business clubs. For more information, please visit www.kslcapital.com.

WASHINGTON, DC and DENVER, CO (June 23, 2014) -Revolution Places (Revolution) and KSL Capital Partners, LLC (KSL) today announced that they have entered into an agreement to jointly own the world-renowned Miraval Resort & Spa, headquartered in Tucson, Arizona. Together, KSL and Revolution will seek to expand Miraval from its current Tucson location to new destinations in the US, Europe and elsewhere.

“For many years, we have been working to grow Miraval, to bring it to new locations and new people.  Partnering with KSL – one of the most accomplished resort and spa investors in the world – allows us to accelerate these efforts, build on our success in Tucson, and take Miraval to new locations around the country and the world,” said Steve Case, Chairman of Revolution.

“Miraval is a breathtaking place, not only because of its extraordinary setting in the high Sonoran Desert, but also because of its groundbreaking approach to the experiences it offers its guests. Miraval is a true pioneer in spa and wellness. There is no other place like it. We are thrilled to join forces with Revolution in overseeing this resort, ” added Mike Shannon, Managing Director of KSL.

Miraval Resort & Spa in Tucson is a wellness luxury spa resort with a mission of “opening eyes, minds and hearts.” Miraval's focus on sustainable living, casita-style guest accommodations and the spectacular new Life in Balance Spa contribute to it being recognized as one of the world’s top destinations by SpaFinder, Travel+Leisure and Condé Nast Traveler year after year.

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 St. Regis Monarch Beach, The James Royal Palm, a majority interest in ClubCorp, one of the world’s largest owners of private golf and business clubs, and Squaw Valley and Alpine Meadows, two of the leading ski resorts in North America. For more information, please see kslcapital.com.

About Revolution Places

Revolution Places invests in unique real estate and hospitality opportunities, creating a new model for travel and tourism that promotes and encourages a healthy lifestyle and establishes a consumer brand that reflects those values. Revolution invests in differentiated properties that have significant long-term development potential, and also in branded, lifestyle hospitality companies that have the opportunity to scale. Revolution Places is a division of Revolution LLC, the Washington, DC-based investment firm founded by Steve Case in 2005. For more information, visit revolution.com/places.

About Miraval Resort & Spa

Situated in the warm shade of the Santa Catalina Mountains in northern Tucson, AZ, on 400 acres of idyllic land, Miraval is a top-rated all-inclusive destination resort and spa dedicated to helping guests live life in the moment. Since 1995 the property has been consistently ranked as one of the world’s top destination spas by Travel + Leisure, SpaFinder and Condé Nast Traveler. Offering an array of dynamic growth and development programs, one-of-a-kind, luxurious spa treatments, authentic, flavorful and healthful cuisine as well as an expert staff of renowned wellbeing specialists, Miraval helps to open eyes, minds and hearts. In 2012, the resort unveiled the Miraval Life in Balance Spa with Clarins, a state-of-the-art oasis designed to transform guests both physically and emotionally. For more information visit miravalresorts.com

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

Luxury Hotel Brand Purchases Sixth Iconic Property from KSL Capital Partners

DALLAS (January  7, 2014) – Omni Hotels & Resorts and KSL Capital Partners, LLC, a leading private equity firm, today announced the closing of the purchase and sale of the Montelucia Resort & Spa. The resort will be reflagged under the Omni brand as the Omni Scottsdale Resort & Spa at Montelucia, extending the Omni’s Resort Collection in the Western United States. Financial details of the transaction were not disclosed.

The Montelucia Resort & Spa is a top-rated luxury Scottsdale hotel that features 253 luxuriously appointment guestrooms, 38 suites and two presidential suites. The property’s distinctive architecture is inspired by the rich history, white-washed villages and sun-drenched hills of Spain’s Andalusia region. The enchanting destination also includes the award-winning Moroccan inspired Joya Spa, three resort pools, and five tempting dining options including the critically acclaimed restaurant, Prado. Nestled at the foot of the picturesque Camelback Mountain in the exclusive enclave of Paradise Valley, and adjacent to the cities of Phoenix and Scottsdale, this extraordinary resort’s premier location offers easy access to golf, recreation, nightlife and entertainment.

“The Montelucia is an exquisite addition to our already impressive collection of high-end resort properties,” said Michael J. Deitemeyer, president of Omni Hotels & Resorts. “The property is a top attraction for guests seeking a blend of gracious hospitality, personalized service and innovative cuisine. We are proud to add this incredible resort to our expanding Resort Collection.”

The resort is the sixth property Omni has acquired from KSL Capital Partners, LLC. Last July, Omni acquired five iconic resorts from KSL Capital Partners, LLC, including the Omni Barton Creek Resort & Spa in Austin, TX; Omni La Costa Resort & Spa in Carlsbad, CA; Omni Rancho Las Palmas Resort & Spa in Rancho Mirage, CA; The Omni Grove Park Inn in Asheville, NC; and The Omni Homestead Resort in Hot Springs, VA.

For additional information please visit omnihotels.com  or call 1-800-The-Omni. Travelers or media can also follow Omni Hotels & Resorts at www.Facebook.com/OmniHotels and Twitter.com/OmniHotels.

About Omni Hotels & Resorts‍

Omni Hotels & Resorts creates genuine, authentic guest experiences at nearly 60 distinct luxury hotels and resorts in leading business gateways and leisure destinations across North America. From exceptional golf and spa retreats to dynamic business settings, each Omni showcases the local flavor of the destination while featuring four-diamond services, signature restaurants, Wi-Fi connectivity and unique wellness options.  Known for its award-winning, personalized service, Omni leaves a lasting impression with every customer interaction, with a heightened level of recognition and rewards delivered through its Select Guest loyalty program and the company’s “Power of One” associate empowerment program. The brand is frequently recognized by top consumer research organizations and travel publications. To get additional information or book accommodations, visit omnihotels.com or call 1-800-The-Omni.

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, New York and London. In addition to the property being sold, 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 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 Western Athletic Clubs, the owner and operator of luxury fitness clubs in California. For more information, please see www.kslcapital.com