Hotel Portfolio Transaction
KSL Capital Acquires Hersha Hospitality Trust for $1.4 Billion
Hersha common shareholders to receive $10.00 per share in cash, a 60% premium to prior closing price
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Topic - KSL Capital Partners
Hotel Development Europe
KSL Capital Partners Acquires a Majority Interest in Sereno Hotels
The founding families retain a significant interest, with Luis Contreras continuing as CEO
Hotel Portfolio Transaction
KSL Capital Partners Acquires Martin Resorts Portfolio of Five Hotels in Avila Beach, Pismo Beach and Paso Robles, CA
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.
Hotel Transaction Maldives
KSL Capital Partners Acquires the W Maldives and 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.
Hotel Portfolio Sale
Omni and KSL Capital Close on Five Resorts
Omni Hotels & Resorts and KSL Capital Partners, LLC today announced the closing of the purchase and sale of five distinguished resort properties. The five iconic resorts have been reflagged under the Omni brand, representing a significant expansion of Omni’s Resort Collection.
Omni Hotels On The Move
Omni Hotels Buys Five Resorts from from KSL Capital Partners
The five properties are Barton Creek Resort & Spa in Austin, TX; La Costa Resort and Spa in Carlsbad, CA; Rancho Las Palmas Resort & Spa in Rancho Mirage, CA; The Grove Park Inn in Asheville, NC; and The Homestead in Hot Springs, VA.
KSL Resorts Takes Over Management of Montelucia Resort & Spa in Scottsdale
Matthew Hart Appointed Vice President & Managing Director
InterContinental Montelucia Resort & Spa in Scottsdale Sold To KSL
Opened in 2008, the resort has 293 rooms and suites, five pools, six dining options, the 31,000 square foot Joya Spa with 19 treatment rooms, and more than 90,000 square feet of indoor and outdoor meeting space.
KSL Capital Partners Announces Acquisition of the Royal Palm Hotel in South Beach
KSL Capital Partners, LLC announced today that it has acquired The Royal Palm Hotel in Miami’s historic South Beach district for $130 million at closing, or roughly $318,000 per key, from an affiliate of Sunstone Hotel Investors, Inc. (NYSE: SHO).