News

London, 31 March 2022 – The Pig Hotels announced today that an affiliate of the specialist travel and leisure private equity firm KSL Capital Partners, LLC (“KSL”) has acquired the parent company of The Pig Hotels in partnership with its co-founder Robin Hutson. Robin will continue as Chairman of the company and will retain a stake in the business. Tom Ross, previously Group Operations Director, has taken on the role of Managing Director. Terms of the transaction were not disclosed.

Founded in 2011, The Pig Hotels are a much-loved collection of award-winning rural boutique hotels with acclaimed restaurants built on a commitment to environmental sustainability. Each of the eight properties is located in the countryside throughout southern England and features homegrown food in a relaxed setting. What cannot be grown on site is primarily sourced from within 25 miles of each Pig location.

“Having been admirers of what Robin has built over the last decade, we could not be more excited to work hand-in-hand with him and the entire team, and to help continue the growth of The Pig. The team at The Pig has created something truly unique and exceptional: hotels set in the English countryside which are dedicated to providing genuine hospitality and are at the forefront of environmental responsibility. We look forward to being part of this journey and supporting the management team,” said Tina Yu, Principal, KSL Capital Partners.
KSL has invested exclusively in travel and leisure businesses for over 30 years.  With KSL’s backing, the company will seek to add additional Pig hotels through the acquisition and development of complementary properties throughout the UK.

“This is an exciting opportunity for us all at The Pig to focus on the future with an experienced team specialising in hospitality. KSL invests in some of the most iconic and well-known hotels in the world and has had great success preserving what makes each asset unique. The investment will allow us to continue to grow and expand our collection, while offering our guests the same home away from home quality they expect at each of our hotels,” said Robin Hutson.

About The Pig Hotels

‍The Pig is a personal collection of small boutique hotels where the focus is on authenticity and informality of design, food and service. There are now eight hotels located in the South Coast Counties in England. Each Pig hotel has approximately 30 bedrooms housed in a historic building complete with a garden-inspired restaurant, a kitchen garden and land for animals, serving food that is either grown on property or locally sourced. There are no “cookie-cutter roll-outs”; each hotel has its own personality and sense of self. Every property comes with laid-back warm service and a genuine commitment to environment and social responsibility. The Pig Hotels have been the recipients of numerous awards, including Most Innovative Hotel Group from The Caterer (2016); Sunday Times’ Hotel of the Year for The Pig on The Beach (2013); Tatler’s Hotel of the Year for The Pig at Harlyn Bay (2020); and the National Restaurant Association’s Sustainable Restaurant of the Year for The Pig (2015). For a complete list of awards and recognitions, and for more information on The Pig Hotels, please visit www.thepighotel.com.

About KSL Capital Partners

KSL is a private equity firm specialising in travel and leisure enterprises in five primary sectors: hospitality, recreation, clubs, real estate, and travel services, with offices in Denver, Colorado; Stamford, Connecticut; London, England and Singapore. Since 2005, KSL has raised approximately $18 billion of capital across both debt and equity funds. KSL's current portfolio includes some of the world’s most prestigious properties in travel and leisure. For more information, please visit www.kslcapital.com.
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Media contact:
The Pig
Emma Cripwell – Publicist, The Pig
+447775 440143
emma@emmacripwell.com

Media contact:
KSL Capital Partners
Maureen Richardson, River Communications
+1 914 434 6033
mrichardson@riverinc.com

Denver, CO (February 1, 2022) – KSL Capital Partners, LLC (KSL) and Arcade Capital LLC announced today the acquisition by their affiliates of the iconic Silverado Resort and Spa, a luxury resort in the heart of Napa Valley wine country. Terms were not disclosed.

A 2021 Trip Advisor Traveler’s Choice Award Winner and an annual recipient of the AAA Four Diamond Award since 1976, Silverado has been one of Napa Valley’s premier destinations for over 150 years, first as a private estate and now a contemporary 449 room resort, with two Robert Trent Jones, Jr. designed championship golf courses, a 16,000-square-foot spa and fitness center and 70,000 square feet of indoor and outdoor event space for members and guests.

“We could not be more pleased to have been provided the privilege of acquiring the Silverado Resort and Spa,” said Michael Mohapp, Principal at KSL.  “At KSL, we take great pride in having had the opportunity of owning and investing in some of the most storied hotels and resorts in the world.  Our goal is to preserve what makes each asset unique, while at the same time making new investments to meet the expectations of today’s travelers. There are few places like Napa Valley, and we look forward to working with the broader Silverado community in enhancing the resort for the benefit of its guests and its neighbors.”

“KSL Capital is a best-in-class institutional partner with deep expertise with complex resort properties of this nature, and we are excited to partner with KSL on this investment,” said Will Obeid, founder and Principal of Arcade Capital. “Silverado Resort and Spa has top-notch golf, tennis and resort amenities encompassing a large, prime location in Napa Valley, making it a truly remarkable and rare property.  The Napa Valley lifestyle embraces great food, wine, community, wellness, and outdoor activities among nature’s most beautiful surroundings.  We look forward to enhancing these values at the Silverado Resort and Spa.”

Surrounded by Napa Valley’s more than 400 wineries and situated on 300 picturesque acres, Silverado is known for its centerpiece pillared mansion built in 1870. The acclaimed property now features three contemporary dining venues, three guest swimming pools, ten plexi-paved outdoor tennis courts, three bocce ball courts and a multitude of other recreational offerings for members and guests.

More information on Silverado Resort and Spa is available at www.silveradoresort.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; London, England and Singapore. Since 2005, KSL has raised approximately $15 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 Arcade Capital LLC‍

Arcade Capital Group is a private real alternative investment firm and advisor focused on sustainability, wellness, and purpose-based living. Founded in 2014 by Will Obeid, the firm specializes in opportunistic real estate investing, hotel management, and the global wellness economy.

Media contact:
Maureen Richardson, River Communications
Office: 914-686-5599
Cell: 914-434-6033
mrichardson@riverinc.com

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Dijkstra family retains minority interest, Leon Dijkstra remains CEO

Amsterdam, 17 December 2021 – Eden Hotels (“Eden”), the Dutch hotel group owned by the Dijkstra family, announced today that an affiliate of KSL Capital Partners (“KSL”) made a majority investment into the group. The Dijkstra family will retain a significant minority stake in the group, and Eden CEO Leon Dijkstra will remain in his role in Eden Hotels. The combined ambition is to expand Eden Hotels into Europe. Terms of the investment are undisclosed.

Eden Hotels owns and operates 14 hotels with almost 2,000 rooms predominantly in Amsterdam and other major Dutch cities. The business has been built up by the Dijkstra family over almost 75 years and includes, among others, the 400-room Eden Hotel Amsterdam as well as the Hard Rock Hotel Amsterdam American. Today, the business employs over 500 people across its hotels and central offices.

The investment allows Eden to access KSL’s international hospitality experience, which spans over 30 years, and KSL’s financial resources to invest into the existing portfolio. The partnership will seek to grow the Eden platform through the acquisition of complementary city center hotels in other Dutch as well as European destinations.

Leon Dijkstra, shareholder and CEO, noted “We are very excited to team up with KSL. This is a great new chapter for Eden Hotels. We are looking forward to further grow our company into Europe. We strongly believe that our company Eden Hotels shall benefit from the international expertise and experience of the KSL team while maintaining at the same time our core business values and DNA”.

Martin Edsinger, Principal at KSL Capital Partners, said “Our team is very excited to become the custodian of Eden Hotels, alongside Leon as a long-term shareholder of the business. We are particularly proud to become the trusted partner of a prominent family business. We think that Eden is a compelling collection of irreplaceable city center hotels where we see a joint opportunity to invest together and drive performance with the existing team. We further see an opportunity to continue Eden’s strategy to acquire more hotels and to expand across Europe.”

Eden Hotels were advised by CMS (Legal), Ajes Advisory (M&A), Bakertilly and BDO (Tax & Finance).

KSL Capital Partners were advised by DeBrauw and Latham & Watkins (Legal) and Deloitte (Financial and Tax).


Press contacts for further details:
KSL Capital Partners
Maureen Richardson (River Communications)
+914 434 6033
mrichardson@riverinc.com

Eden Hotels
Jeannette Spits (USP Marketing PR)
jeannette.spits@usp.nl

About Eden Hotels‍

Eden Hotels is a Dutch family business consisting of 14 city center hotels offering local experience and lasting memories since 1947. The hotel group consists of the Hard Rock Hotel Amsterdam American, The Lancaster Hotel Amsterdam, Eden Hotel Amsterdam, Jan Luyken Hotel, The Manor Amsterdam, The ED Amsterdam, City Hotel Hengelo, Crown Hotel Eindhoven, Holiday Inn Eindhoven, Babylon Hotel Den Haag, Designhotel Maastricht, City Hotel Groningen, Oranje Hotel Leeuwarden and the Savoy Hotel in Rotterdam. For more information, please see www.edenhotels.nl or visit the individual hotel websites.

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; New York City; Stamford, Connecticut; London, England and Singapore. Since 2005, KSL has raised in excess of $15 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. In addition, KSL’s European Capital Solutions (ECS) platform focuses on non-controlling equity and credit investments throughout the capital structure across the European travel and leisure space. For more information, please visit www.kslcapital.com.

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Historic Davenport Hotel has served as a beacon of culture and refinement throughout the Inland Northwest region for over a century

SPOKANE, WA (December 7, 2021) KSL Capital Partners, LLC (KSL) announced today a definitive agreement under which an affiliate will acquire the privately held Davenport Hotels from Walt and Karen Worthy, who assembled the portfolio of the five top luxury, convention, business and leisure hotels in Spokane, WA over the past two decades. Terms of the off-market transaction will not be disclosed. The transaction is expected to close within the next 30 days.
Upon completion of the sale, Davenport Hotels will continue to build on the legacy established by the Worthys, who plan to retire, and operate under the continued leadership of Lynnelle Caudill, managing director of Davenport Hotels since 2002. Davidson Hospitality Group, one of the nation’s leading full-service hospitality management companies will manage the properties in partnership with Caudill and her team.

“What an honor and a privilege it has been for Karen and me to serve as stewards of Davenport Hotels for the last two decades. It has been our pride and joy to see how many lives have been touched by the restoration and expansion of Davenport Hotels,” said Walt Worthy. “The time has come to transfer ownership to new hands. KSL has the depth of expertise and capabilities to provide exceptional service as they have owned and operated some of the most prestigious hotels in the world, and we couldn’t be happier that they will continue to preserve the history and heritage of Davenport Hotels here in Spokane.”
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“As a company whose primary focus is to invest in travel and leisure properties, we understand the importance of hotels to their local community," said Michael Mohapp, principal, KSL Capital Partners. “The Worthys have built Davenport Hotels from a single hotel with the restoration of The Historic Davenport to a portfolio of Spokane’s highest quality hotels, and we are privileged to be part of the next chapter of these properties to ensure they continue to flourish.”

Davenport Hotels includes The Historic Davenport, an iconic landmark originally built in 1914 which was the most modern hotel in the United States when it opened. It was the first hotel with air conditioning, ice cold drinking water piped to each guest room, a central vacuum system, housekeeping carts and accordion ballroom doors. After it was shut down in 1985 and narrowly escaped demolition, the Worthys purchased the property and completed a full restoration to the hotel, reopening in 2002. The Historic Davenport has since earned a listing on the National Register of Historic Places.

After preserving the history and heritage of The Historic Davenport, the Worthys expanded the portfolio through acquisition and development of The Davenport Tower, The Davenport Lusso, The Centennial and The Davenport Grand Hotel. The properties combine to form an elegant union of new and historic hotels located in the heart of downtown Spokane. Together, the full-service hotels range from boutique to full-size, classic to contemporary, offering a total of 1,787 guest rooms. Each hotel has a strong identity, and offers upscale amenities, including some of the best dining options in the area. The centrally located hotels are in close proximity to the Spokane Convention Center, which is anchored by the 716-room Davenport Grand Hotel; Podium Sportsplex; the new Spokane Stadium scheduled to open in 2022; a curated mix of local and national shops, restaurants, and entertainment; as well as wineries, breweries and distilleries.

“KSL’s proven success in investing in and elevating legacy properties will ensure that we continue to provide Davenport guests with the same high-quality experience established during the Worthy’s ownership,” said Pete Sams, chief operating officer, Davidson Hospitality Group. “Under our management, we look forward to even further enhancing the properties’ service offerings, continuing to engage the local community and strengthening the brand to attract even more visitors to Spokane.”

KSL owns through its affiliates some of the most prestigious destinations in the world and has successfully taken on stewardship of several iconic heritage properties such as Grand Hotel on Mackinac Island, MI, La Costa Resort and Spa in Carlsbad, CA and The Homestead in Hot Springs, VA, in addition to The Historic Davenport. For more information on Davenport Hotels, please visit www.davenporthotelcollection.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; London, England and Singapore. Since 2005, KSL has raised approximately $15 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 Davidson Hospitality Group‍

Davidson Hospitality Group is an award-winning, full-service hospitality management company comprised of 71 existing hotels and resorts; more than 175 restaurants, bars and lounges; and nearly 1.5 million square feet of meeting space across the United States. A trusted partner and preferred operator for Hilton, Hyatt, Kimpton, Marriott, and Margaritaville, Davidson offers a unique entrepreneurial management style and owners’ mentality that provides the individualized personal service of a small company, enhanced by the breadth and depth of skill and experience of a larger company. In keeping with the company’s heritage of delivering value, Davidson Hospitality Group is comprised of four highly specialized operating verticals: Davidson Hotels, Pivot, Davidson Resorts and Davidson Restaurant Group. For more information, visit www.davidsonhospitality.com. Follow us on Instagram: @davidsonhospitality and Twitter: @DavidsonHospGrp. Like us on Facebook: @DavidsonHospitalityGroup. Connect with us on LinkedIn: @DavidsonHospitalityGroup. #DavidsonHospitality.

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KKR and KSL Capital invest in leading national FBO network

Plano, TX – November 16, 2021 – Atlantic Aviation and Ross Aviation today announced an agreement to combine to create a leading aviation infrastructure platform with one of the largest networks of fixed base operators (“FBO”) in North America. Upon closing, the combined company will operate as Atlantic Aviation. KKR will be the majority shareholder in the combined company and an affiliate of KSL Capital Partners, LLC (“KSL”), Ross Aviation’s principal shareholder, will join KKR as a significant minority investor in the company.

The combination of Atlantic Aviation and Ross Aviation brings together two leading aviation infrastructure networks with highly complementary geographical footprints and a shared focus on operational excellence and exceptional customer service. Atlantic Aviation and Ross Aviation’s experienced operating teams will come together to drive further investment in critical aviation infrastructure and to strengthen Atlantic Aviation’s position as an industry leader in safety, sustainability, hospitality and technology innovation.

"We’re thrilled to grow Atlantic Aviation with the addition of Ross Aviation’s highly complementary team, culture and network," said Louis T. Pepper, CEO of Atlantic Aviation. "Increased diversification will further position us as a leading operator of aviation infrastructure at a critical moment for our company as we invest in enhancements across our network to better serve our customers. Greater scale also enables us to accelerate our efforts on key priorities, including being at the forefront of technology and sustainability, and creates more opportunities for our employees. We look forward to working with the Ross Aviation leadership team including Jeff Ross, Chairman and long-time friend, as well as CEO, Brian Corbett, to build on the great partnerships they have established at these airfields and the corporate culture they have developed.”

Founded in 2016 by KSL and Jeff Ross, Ross Aviation operates 19 FBOs across the United States and the Caribbean. Through KSL’s investment over the last five years, Ross Aviation has built a strong reputation for customer service and operational excellence with a heavy emphasis on its people and culture. Ross Aviation has a successful record of growth through acquisitions of high-quality FBOs in some of the top leisure and corporate travel markets across North America.

“Today marks a meaningful step forward in the growth of Atlantic Aviation,” said Dash Lane, Partner at KKR. “We are excited to join forces with the Ross Aviation and KSL teams to expand Atlantic’s geographic reach, its focus on customer service, and to further invest in a broader network of aviation operations and infrastructure.”  

“KSL and KKR have a successful history of strategic partnership that dates back nearly three decades,” said Dan Rohan, Partner at KSL.  “Merging with Atlantic Aviation and investing in the combined business alongside KKR is a natural evolution for Ross Aviation and KSL. We believe the combination of Ross Aviation’s differentiated approach to flight hospitality with Atlantic Aviation’s unparalleled network and customer base will set a new standard for the industry.”

The transaction is expected to close in the first half of 2022, subject to regulatory approvals and other customary closing conditions. Financial terms of the transaction were not disclosed.

Kirkland & Ellis served as legal counsel to Atlantic Aviation and KKR. Jefferies, LLC and Harris Williams served as financial advisors to Ross Aviation and KSL and Simpson Thacher & Bartlett served as legal counsel.

About Atlantic Aviation‍

Atlantic Aviation operates one of the leading networks of fixed base operators in North America, providing a full suite of critical services to the private aviation sector. With FBOs across 30 states, Atlantic Aviation provides a wide range of aircraft ground handling and corporate flight support services, including fueling and line services, ground transportation, catering, hangar, deicing, and ramp space. To learn more visit https://www.atlanticaviation.com/.

About Ross Aviation‍

Headquartered in Denver, Ross Aviation and its affiliated companies are dedicated to soaring higher – in the flight hospitality services they provide and the environment they create for both customers and team members. The company is guided by four fundamental beliefs: safety, care, performance, and drive – and strives to embody those beliefs in every action taken, from the flight line to the front office.

About KKR‍

KKR is a leading global investment firm that offers alternative asset management and 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 The 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 $15 billion of capital across credit, tactical opportunities and equity funds. For more information, please visit www.kslcapital.com.  

Media Contacts
For KKR
Miles Radcliffe-Trenner
(212) 750-8300
media@kkr.com

For KSL Capital Partners
River Communications
Maureen Richardson
(914)686-5599
mrichardson@riverinc.com

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