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DENVER, Feb. 1, 2023 /PRNewswire/ -- KSL Capital Partners, LLC ("KSL"), a leading investor in travel and leisure businesses, today announced that an affiliate has acquired the Martin Resorts Collection of five independent boutique hotels along California's Central Coast, midway between Los Angeles and San Francisco. The collection includes Avila Lighthouse Suites in Avila Beach; Pismo Lighthouse Suites and Shore Cliff Hotel in Pismo Beach; and Paso Robles Inn and The Piccolo in Paso Robles. Terms were not disclosed. KSL Resorts, a premier independent management company, will manage each of the hotels.
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"We could not be more proud to be given the opportunity to continue on the traditions of Martin Resorts and its founding family," said Mike Mohapp, Partner at KSL. "More than 20 years ago, they created a spirit of hospitality to enrich the lives of their employees, guests, and the San Luis Obispo County community. We intend to fulfill the mission of the Martin family, and we look forward to building on this legacy through investments in these wonderful properties."
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Noreen Martin, President and CEO of Martin Resorts – founded by her late husband Tom Martin in 1999 – added, "The Martin Resorts Collection has been the passion of my family for over two decades and finding the right partner to carry on our dedication to our local environment and community has been a priority for us. KSL shares our values and our commitment to providing guests with unforgettable and enduring experiences that reflect each resort's unique qualities. We are confident the firm is the right owner to nurture and enhance the attributes and traditions that have set the Martin Resorts Collection apart."
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The five properties comprise 346 total rooms, including the 54 oceanfront, all suite Avila Lighthouse Suites, the 70 oceanfront newly-renovated all suite Pismo Lighthouse Suites, 100 oceanfront room Shore Cliff Hotel perched 90 feet above the Pacific Ocean, The Piccolo, a newly constructed 24 room intimate property in downtown Paso Robles, and the landmark 98 room Paso Robles Inn first established in 1889. Both The Piccolo and the Paso Robles Inn are located in the heart of wine country.
KSL will invest across the collection, providing guests a greater suite of amenities and more ways to engage with the local communities.
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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; London, England and Singapore. KSL invests across three primary strategies through its equity, credit and tactical opportunities funds. KSL's current portfolio includes some of the premier properties in travel and leisure. For more information, please visit www.kslcapital.com.
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Media contact:
Jon Keehner / Kate Thompson / Erik Carlson
Joele Frank, Wilkinson Brimmer Katcher
KSL-JF@joelefrank.com
(212) 355-4449
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SINGAPORE, November 6, 2022 – KSL Capital Partners, LLC (“KSL”), a leading investor in travel and leisure businesses, today announced that its affiliates received the Merger & Acquisition Deal of the Year award at the Hotel Investment Conference Asia Pacific (“HICAP”), the region’s largest hotel conference, for the acquisition of the W Maldives and the Sheraton Maldives Full Moon Resort & Spa. The transaction closed in June 2022 for an undisclosed amount.

“For over 30 years, KSL has invested in premier travel and leisure destinations across the world, and our strong background in hospitality allows us to uniquely understand the potential of these properties and how best to drive strategic value for guests, employees, investors and the communities in which we operate,” said Siddhant Jhunjhunwala, Director of Investments, APAC for KSL. “We are excited to be recognized at Asia’s largest and longest-running hotel conference for our acquisition of the W Maldives and the Sheraton Maldives Full Moon Resort & Spa, which is a prime example of the type of high-quality investments we seek to make globally, and a testament to the success of our growing investment presence in Asia Pacific.”

More information on the acquisition of the W Maldives and the Sheraton Maldives Full Moon Resort & Spa by affiliates of KSL can be found here.

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; New York City, New York; London, England and Singapore. Since 2005, KSL has raised approximately US$18 billion of capital across both equity, credit and tactical opportunities funds. KSL's current portfolio includes some of the premier properties in travel and leisure. For more information, please visit www.kslcapital.com.

Media contact:
Jon Keehner / Kate Thompson / Erik Carlson
Joele Frank, Wilkinson Brimmer Katcher
KSL-JF@joelefrank.com
(212) 355-4449

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SYDNEY, Aug. 28, 2022 /PRNewswire/ -- Australia-based boutique ultra-luxury hotel platform Baillie Lodges has acquired a majority share in Chile’s esteemed Tierra Hotels (“Tierra”), whose intimate collection includes experiential luxury lodges in three of South America’s most extraordinary wilderness destinations.

Adventures abound for guests at Tierra’s trio of luxury lodges: Tierra Patagonia sits alongside craggy mountains and the glistening glacial Lake Sarmiento in Torres del Paine National Park, Tierra Atacama is set high in the northern desert of Chile, and Tierra Chiloé overlooks verdant pastures and dramatic coastline on Chiloé Island.

The acquisition builds on Baillie Lodges’ existing portfolio of properties in Australia, New Zealand and Canada, further solidifying the company as a leading global experiential luxury lodging brand. Following the acquisition, Baillie Lodges will own and operate ten extraordinary lodges across a range of highly sought-after destinations.

The new partnership officially commenced on August 27, following a long history of collaboration between the Baillie Lodges team and Tierra Hotels founder Miguel Purcell. The Purcell family – which has developed and successfully operated Tierra Hotels since 2008 – will retain an ownership stake in the portfolio, and the three properties will keep the highly regarded Tierra Hotels branding.

The Baillie Lodges and Tierra collections provide access to incredible natural attractions in extraordinary locations, paired with culturally rich experiences and intimate lodges that cater to a small number of guests and place architectural and interior design at the forefront. The properties share a commitment to the sustainability of the natural environment and surrounding communities in which they operate, offering guests an authentic encounter with nature.

“We are delighted to work with the Baillie Lodges team,” said Mr. Purcell. “We both take a personal approach to hospitality, customizing unique and enriching experiences for guests who are looking to explore the world in a meaningful, sustainable way.”

“This partnership is a natural fit for our companies and teams, and we look forward to sharing these wonderful new properties and experiences with our guests,” said Baillie Lodges Executive Chairman Michael Moret-Lalli. “Both brands share a vision for delivering exceptional, immersive experiences, and I am thrilled for our teams to join forces and continue exploring new frontiers in hospitality and leisure as the world gets back to traveling.”

Baillie Lodges intends to meaningfully invest in the Tierra properties to ensure they maintain their unique market position as pre-eminent boutique hotels in Chile. In addition, Baillie Lodges plans to expand the Tierra hotel platform in the years to come through acquisitions and new greenfield developments.

About Baillie Lodges

Baillie Lodges is a growing portfolio of luxury lodges renowned for setting benchmarks in premium experiential travel. Set in exclusive locations of unique natural or cultural significance, the boutique properties appeal to the discerning global traveller seeking a remarkable experience. The Australia-based collection was founded in 2003 by James and Hayley Baillie and includes Longitude 131° at Uluru-Kata Tjuta, Capella Lodge on Lord Howe Island, Silky Oaks Lodge at the Daintree Rainforest, and The Louise in the Barossa Valley. Flagship property Southern Ocean Lodge on Kangaroo Island was destroyed in the 2020 bushfires and its rebuild is in progress, with an anticipated reopening in mid-2023. In 2019, an affiliate of KSL Capital Partners acquired Baillie Lodges with the aim to further expand the unique collection of luxury lodges. The 2022 addition of Chile’s esteemed Tierra Hotels group marks a continuation of the collection’s foray into international waters, joining the Clayoquot Wilderness Lodge on Canada’s Vancouver Island and New Zealand’s Huka Lodge. For more information, please visit baillielodges.com.au. Baillie Lodges’ Australian properties are honoured as members of Luxury Lodges of Australia.

About Tierra Hotels‍

The trio of Tierra Hotels in Chile was founded and operated by the Purcell family, who were already highly regarded in the Chilean tourism industry as owners of the high-end Ski Portillo resort in the country’s Andes mountains. Guided by Purcell family’s many years’ experience, the Tierra Hotels team first opened Tierra Atacama in 2008. Tierra Patagonia set on the shores of Lake Sarmiento overlooking the Torres del Paine National Park opened in 2012, and Tierra Chiloé launched in 2017 after an extension to the former Refugia on “The Big Island” of Chiloé.

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SINGAPORE – July 27, 2022 KSL Capital Partners, LLC (KSL) announced today that its affiliates have acquired the W Maldives and the Sheraton Maldives Full Moon Resort & Spa. The seller was a joint venture between Universal Enterprises and Marriott International. Both properties will continue to be managed by Marriott under their existing brands.

Each resort is located on its own private island. The W Maldives is a short seaplane ride and the Sheraton Maldives Full Moon Resort & Spa is a short speedboat ride from the Maldives Velana International Airport.  W Maldives offers a combination of 77 overwater or beach bungalows with private balconies and private pools. The Maldives is home to some of the most vibrant and diverse marine life in the world, and the resort’s house reef features hundreds of different ocean life species. Guests can also enjoy the resort’s private yacht experience, six restaurants and bars and a world-class spa.

The 176-room Sheraton Maldives Full Moon Resort & Spa is a 5-star family resort. The property is one of the most expansive luxury properties in the Maldives. It features a mix of overwater bungalows, ocean view villas and cottages, many with private plunge pools. Guests can enjoy seven restaurants and bars, multiple fresh-water pools, a full-service spa, tennis facilities, and the Sheraton Kids’ Club.

“KSL Capital Partners is focused on investing in well-located, high-quality travel and leisure properties,” said Siddhant Jhunjhunwala, Director of Investments, APAC for KSL. “The Maldives is one of the world’s premier leisure travel tourism destinations and these resorts are two of the best in the market, with the added benefit of being operated by Marriott’s experienced team. We’re pleased to expand our global relationship with Marriott.”

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; London, England and Singapore. Since 2005, KSL has raised approximately US$18 billion of capital across both equity, credit and tactical opportunities funds. KSL's current portfolio includes some of the premier properties in travel and leisure. For more information, please visit www.kslcapital.com.

Media contact:
Jon Keehner / Kate Thompson / Erik Carlson
Joele Frank, Wilkinson Brimmer Katcher
KSL-JF@joelefrank.com
(212) 355-4449

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Atlantic Aviation (the “Company”) today announced it has added significantly to its network presence and operational leadership with the completion of its combination with Ross Aviation. In addition, the Company has acquired three former TAC Air fixed-base operations (“FBOs”) at Omaha, Nebraska (OMA); Raleigh-Durham, North Carolina (RDU); and Hartford, Connecticut (BDL). The combined companies and new locations will operate under the Atlantic Aviation brand name and will build upon their shared cultures of safe, efficient and friendly FBO services across North America.

The new Atlantic Aviation offers customers more than 100 FBO locations – including the Company’s first locations in Hawaii and the Caribbean. Atlantic Aviation’s leadership is firmly committed to ensuring the Company’s on-going position as an award-winning provider of FBO services across North America, including the continuation and enhancement of Atlantic Awards, the Company’s best-in-class rewards program.

In addition, the Company will be investing significantly in enhancements to its service, technology, sustainability and strategic infrastructure in order to provide more choices, improved experiences, and better value for customers – as well as additional benefits for team members and for the communities they serve. Providing a safe, friendly and familiar experience across North America is a hallmark of Atlantic Aviation, something the Company describes as being “local everywhere.”

“’Local everywhere’ is more than just a slogan,” said Lou Pepper, CEO of Atlantic Aviation. “It’s a belief that ensures we’re not only where our customers want to be, but also that we reflect the culture of all of our local communities. It’s a meaningful point of differentiation over a cookie-cutter approach to service, and it’s something our customers truly appreciate.”

The combination of Atlantic, Ross Aviation and three former TAC Air facilities also brings more than 500 additional team members to the Atlantic Aviation family. Brian Corbett, previously CEO of Ross Aviation, has been appointed Chief Commercial & Sustainability Officer for Atlantic Aviation.

The business combination and recent acquisitions leverage the hospitality expertise of KSL Capital Partners (KSL), Ross Aviation’s principal owner for the past six years and now a significant minority owner of Atlantic Aviation, with KKR’s deep experience creating value in strategic infrastructure investments. KKR acquired Atlantic Aviation in 2021 and is the majority shareholder in the combined company.

“This combination brings together two highly regarded and complementary franchises to create an even stronger leadership presence in business aviation services,” said Dash Lane, Partner at KKR. “We are excited to join with the KSL team to support the new Atlantic Aviation as it pursues its strategy for delivering superb customer experiences and driving long term sustainable growth.”

Atlantic Aviation operates one of the leading networks of fixed base operations (FBOs) in North America, providing a full suite of critical services to the business aviation sector. With FBOs across North America, as well as Hawaii and the Caribbean, Atlantic Aviation provides a wide range of aircraft ground handling and corporate flight support, including fueling and line services, ground transportation, catering, hangar, deicing, and ramp space. To learn more, and for a complete list of locations, please visit https://www.atlanticaviation.com/.

About KKR‍

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

About KSL Capital Partners

KSL Capital Partners, LLC is a private equity firm specializing in premier travel and leisure enterprises in five primary sectors: hospitality, recreation, clubs, real estate, and travel services. Since 2005, KSL has raised approximately $18 billion of capital across both debt and equity funds. For more information, please visit www.kslcapital.com.

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