August 03, 2012
KSL Capital Partners Announces the Acquisition of the Historic Belfry Hotel and Golf Resort in West Midlands, United Kingdom
DENVER--(BUSINESS WIRE)--KSL Capital Partners, LLC (“KSL”) announced today that it has acquired The Belfry, a renowned hotel and golf resort in Wishaw, Sutton Coldfield, North Warwickshire, England.
Conveniently located near England’s two largest cities, London and Birmingham, by both car and train, The Belfry features seven food and beverage outlets, a 25,000-square-foot fitness center, a spa and 20,000 square feet of meeting space. Spread across 550 acres, the 324 room property is the world’s only four time host of The Ryder Cup, having held the tournament in 1985, 1989, 1993 and 2002, on its world famous golf course, The Brabazon. The Belfry is also home to the PGA National Golf Academy and, in addition to The Brabazon, features two additional golf courses – PGA National, England’s only PGA branded golf course, and The Derby.
KSL plans a comprehensive renovation of the hotel, including the public areas, guest rooms, dining outlets and meeting spaces to enhance the overall guest experience. Given the unique and expansive nature of the resort campus with multiple guest room buildings, conference locations and food and beverage outlets, The Belfry will remain fully open during the renovation.
The resort will be managed by a subsidiary of the De Vere Group, which through its brands De Vere Hotels, Venues and VILLAGE, owns and operates 62 refreshingly different locations with a modern British flavor throughout the United Kingdom. The De Vere Group previously owned and managed the resort prior to its sale in 2005 to the seller, an affiliate of The Quinn Group.
“The Belfry has a proud heritage and is widely known as the ‘spiritual home of The Ryder Cup,’ and we are honored to be the next stewards of this great property,” said Richard Weissmann, one of KSL’s partners. “Given KSL’s experience owning and operating large scale golf and spa resorts across the United States, The Belfry is the perfect opportunity for our first resort investment in Europe. We believe De Vere’s familiarity with today’s European travelers combined with our planned renovations will provide guests of The Belfry a new level of luxury, service and amenities.”
About The Belfry
Located in Wishaw, Sutton Coldfield, in West Midlands, England, The Belfry is blessed with a rich and fascinating past, dating back to its origins as a House of Note in Edward the Confessor's medieval time. In more recent years, The Belfry has become renowned all over the world as a golfing Mecca, allowing players to walk in the footsteps of their Ryder Cup legends.
Set on over 550 acres, it is the perfect retreat for business, golf and so much more, combining modern day luxuries and facilities with all of the heritage and charm associated with its iconic ivy-clad façade.
To learn more about The Belfry, please visit www.thebelfry.co.uk.
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 Grove Park Inn, 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 of the United States; and Orion Expedition Cruises, a luxury expedition cruise operator based in Sydney, Australia.
For more information on KSL, please visit www.kslcapital.com.
About The De Vere Group
De Vere Group is one of the United Kingdom’s largest independent leisure and hospitality businesses consisting of 62 properties across two principal hotel brands, De Vere Hotels and De Vere Village Urban Resorts, and the United Kingdom’s largest residential conference and training company, De Vere Venues. De Vere serves more than 7,000 guestrooms, 460,000 square feet of meeting space, 16 golf courses, 47 fitness centers and 25 spas. De Vere Hotels consists of 11 resorts across the United Kingdom, including Cameron House, on the shores of Loch Lomond, The Grand in Brighton, Oulton Hall, Leeds and Mottram Hall near Manchester, England. De Vere Village Urban Resorts combine the best of modern hotels with cutting edge food and beverage all combined with a full service fitness center that offer fully equipped gyms, fitness classes, pools and spas that are available to both members and hotel guests.
For more information on the De Vere Group, please visit www.devere.co.uk.