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KSL Capital Partners Acquires St. Regis Monarch Beach
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
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Omni Hotels & Resorts Acquires Montelucia Resort & Spa
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
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Omni Hotels and KSL Capital Partners Announce Closing of the Purchase and Sale of Five Luxury Resorts
Properties Have Been Rebranded Under the Omni Flag
IRVING, Texas (July 1, 2013) – Omni Hotels & Resorts and KSL Capital Partners, LLC, a leading private equity firm, 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 already-robust Resort Collection.
The reflagged properties are the Omni Barton Creek Resort & Spa in Austin, TX; Omni La Costa Resort and 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. The acquisition extends Omni’s resort portfolio to the West Coast and adds other strategically important locations like the Texas Hill Country.
“We could not be more proud to assume the ownership and management of each of these iconic resorts,” said Mike Deitemeyer, president of Omni Hotels & Resorts. “KSL positioned each of these properties not only as appealing destinations for guests but as integral parts within each of their surrounding local communities. We look forward to carrying on the tradition of excellence exemplified by each of these properties and their employees and welcoming both new and returning guests for years to come.”
KSL had acquired the resorts over a period of years, and had recently invested heavily in the properties. New additions under KSL include the Canyon Ranch SpaClub and the new Allegheny Springs family pool complex at The Omni Homestead; a nearly complete, expansive renovation of historic The Omni Grove Park Inn to restore the grandeur of the resort as part of its centennial celebration; upgrades to the guest rooms and meeting spaces at Omni Barton Creek; a nearly $50 million renovation of Omni La Costa to the guestrooms, public spaces, golf courses, an entirely new adult pool facility and membership lounge; and the addition of the Splashtopia family water playground at Omni Rancho Las Palmas.
“It has been our privilege to be a part of the storied history of each of these extraordinary resorts,” added Mike Shannon, Managing Director of KSL Capital Partners. “The success of these resorts has been, and will continue to be, made possible by rich traditions, fabulous locations and amenities, and the dedication of over 4,000 employees. We have no doubt that the skill and resources that Omni Hotels & Resorts will bring to each of these properties will only help to further their celebrated legacy.”
The Omni portfolio expansion adds 2,362 guestrooms, 304,000 square feet of meeting and function space, 34 dining options, 48 retail locations, 12 golf courses, three family water complexes, a ski facility and five spas.
The resorts include:
Omni Barton Creek Resort & Spa: Located in the heart of Texas Hill Country, the resort combines impeccable service with its own classic brand of casual elegance in a luxurious setting. Heralded as the number one golf resort in Texas, the Omni Barton Creek boasts four nationally acclaimed championship courses as well as the state's only Callaway Performance Center. The resort features 318 spacious and beautifully appointed guestrooms, a recently renovated full-service spa, superior dining options, and fine meeting and wedding facilities.
Omni La Costa Resort and Spa: Fresh from a $50 million renovation and nestled among the beautiful coastal foothills of Carlsbad, CA, Omni La Costa boasts a new look including 611 newly appointed guest rooms, suites and villas, an adult-only pool venue, the Coastal Events Center, an expanded Athletic Club as well as two redesigned signature golf courses. Honored as the #1 Wellness Spa in the Nation by Spa magazine, the 43,000-square-foot Spa at La Costa includes a private pool, café and therapeutic reflexology path. Acclaimed restaurants – Legends Bistro and BlueFire Grill – present an updated take on locally inspired cuisine and culinary delights.
Omni Rancho Las Palmas Resort & Spa: The 444-room Omni Rancho Las Palmas Resort & Spa is classic Rancho Mirage re-imagined for the 21st-century traveler. The resort’s new offerings include stylish guestrooms, the signature bluEmber restaurant, R Bar lounge, and Splashtopia, an exciting water playground complete with water slides, lazy river and sandy beach. The resort also features a 20,000-square-foot spa, a 27-hole Ted Robinson-designed golf course, a 25-court Peter Burwash International tennis center, and 41,000 square feet of flexible meeting and event space.
The Omni Grove Park Inn:The AAA Four-Diamond Omni Grove Park Inn is currently undergoing a $25 million dollar restoration and renovation scheduled to be complete by summer 2013, which coincides with the property’s centennial. Noted for understated elegance and southern charm, ten U.S. Presidents and countless luminaries from the worlds of art, entertainment, sports and politics have stayed at this hotel. Guests may relax in one of 514 guestrooms and themed suites, enjoy a drink by one of two extraordinary 14-foot fireplaces or watch the sunset from a rocking chair. The property offers sweeping views of the Blue Ridge Mountains, delectable restaurants, a Donald Ross golf course, tennis and fitness center, award winning 40,000 square-foot spa and spacious convention facilities.
The Omni Homestead Resort:The Omni Homestead Resort is one of America's most storied resorts, offering unparalleled hospitality in a 2,000-acre setting within the Allegheny Mountains of southwestern Virginia. In summer 2013, the hotel will complete a $26 million renovation that will culminate with its new Canyon Ranch SpaClub. The Homestead is distinguished by 483 luxurious guest rooms and suites, 72,000 square feet of meeting space, a wide array of fine and casual dining choices, championship golf courses that include one of the nation's finest mountain courses (The Cascades), Allegheny Springs, a two-acre family-friendly water attraction complete with lazy river, and water play zone. The resort also offers the South's first downhill ski area, Equestrian Center and show ring, top-rated Shooting Club, Back Country Driving School, off-road Segway tours and a wealth of other recreational attractions.
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 www.onmihotels.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 and New York. In addition to the properties 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 Montelucia Resort & Spa, 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
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Omni Hotels & Resorts To Acquire and Operate Five Iconic Resorts
IRVING, Texas (June 12, 2013) – Omni Hotels & Resorts today announced it has reached a definitive agreement to purchase and operate five distinguished resort properties from entities affiliated with KSL Capital Partners, LLC. The properties will be reflagged under the Omni brand on July 1, representing a significant expansion of Omni’s already-robust Resort Collection. The acquisition extends Omni’s resort portfolio to the West Coast and adds other strategically important locations like the Texas Hill Country.
The five iconic resorts are longstanding classic hotels in North America that are distinguished in design, local color and authenticity reflecting their destination – all of which are consistent with Omni’s strategy to provide unique properties representative of their individual local market flavor. 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.
“Each of these properties is unique in its own right – rich in heritage and distinctive in their elegance and charm. We would be fortunate to own and operate any single one of these celebrated resorts,” said Mike Deitemeyer, president of Omni Hotels & Resorts. “By purchasing all five of these properties, Omni has significantly enhanced our growing Resort Collection in terms of scope, scale and prestige.”
The addition of the luxurious properties will add 2,362 rooms, 304,000 square feet of meeting and function space, 34 dining options, 48 retail locations, 12 golf courses, three water parks, a ski facility and five spas.
Barton Creek Resort & Spa: Located in the heart of the Texas Hill Country, the resort combines impeccable service with its own classic brand of casual elegance in a luxurious setting. Heralded as the number one golf resort in Texas, Barton Creek boasts four nationally acclaimed championship courses as well as the state's only Callaway Performance Center. The resort features 312 spacious and beautifully appointed guest rooms, a recently renovated full-service spa, superior dining options, and fine meeting and wedding facilities.
La Costa Resort and Spa: Fresh from a $50 million renovation and nestled among the beautiful coastal foothills of Carlsbad, CA, La Costa boasts a new look including 611 newly appointed guestrooms, suites and villas, an adult-only pool venue, the Coastal Events Center, an expanded Athletic Club as well as two redesigned signature golf courses. Honored as the #1 Wellness Spa in the Nation by Spa magazine, the 43,000-square-foot Spa at La Costa includes a private pool, café and therapeutic reflexology path. Acclaimed restaurants – Legends Bistro and BlueFire Grill – present an updated take on locally inspired cuisine and culinary delights.
Rancho Las Palmas Resort & Spa: The 444-room Rancho Las Palmas Resort & Spa is classic Rancho Mirage re-imagined for the 21st-century traveler. The resort’s new offerings include stylish guest rooms, the signature bluEmber restaurant, R Bar lounge, and Splashtopia, an exciting water playground complete with water slides, lazy river and sandy beach. The resort also features a 20,000-square-foot spa, a 27-hole Ted Robinson-designed golf course, a 25-court Peter Burwash International tennis center, and 41,000 square feet of flexible meeting and event space.
The Grove Park Inn: The AAA Four-Diamond Grove Park Inn is currently undergoing a $25 million restoration and renovation scheduled to be complete by summer 2013, which coincides with the property’s centennial. Noted for understated elegance and southern charm, ten U.S. Presidents and countless luminaries from the worlds of art, entertainment, sports and politics have stayed at this hotel. Guests may relax in one of 512 rooms and themed suites, enjoy a drink by one of two massive 14-foot fireplaces or watch the sunset from a rocking chair. The property offers sweeping views of the Blue Ridge Mountains, delectable restaurants, a Donald Ross golf course, tennis and fitness center, award winning spa and spacious convention facilities.
The Homestead: The Homestead is one of America's most storied resorts, offering unparalleled hospitality in a 2,000-acre setting within the Allegheny Mountains of southwestern Virginia. In summer 2013, the hotel will complete a $26 million renovation that will culminate with its new Canyon Ranch SpaClub. The Homestead is distinguished by 483 luxurious guest rooms and suites, 72,000 square feet of meeting space, a wide array of fine and casual dining choices, championship golf courses that include one of the nation's finest mountain courses (The Cascades), Allegheny Springs, a two-acre family-friendly water attraction complete with lazy river, and water play zone. The resort also offers the South's first downhill ski area, Equestrian Center and show ring, top-rated Shooting Club, Back Country Driving School, off-road Segway tours and a wealth of other recreational attractions.
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 and New York. In addition to the properties 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 Montelucia Resort & Spa, 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 kslcapital.com
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KSL Capital Partners, LLC Acquires Malmaison and Hotel Du Vin
New ownership Plans Significant Brand Investment and Hotel Expansion Programme in UK and International Markets
London, 18 March 2013: Malmaison Group (Malmaison), the owner of leading UK boutique hotel brands Malmaison and Hotel du Vin, and KSL Capital Partners, LLC (KSL), are pleased to announce that an affiliate of KSL has acquired Malmaison. KSL, based in Denver, Colorado, is a U.S. private equity firm dedicated to investing in travel and leisure businesses.
With 27 hotels, the transaction will cement Malmaison and Hotel du Vin’s position as the UK’s leading boutique brands, with KSL planning to invest significantly in the existing portfolio and in the growth of both hotel brands. The investment will support the current development strategy initiated by CEO Gary Davis. Under the leadership of Mr. Davis and KSL, Malmaison will continue its brand development plans including an extensive renovation program and expansion within the UK, European and international markets. Mr. Davis, who previously led the expansion of the De Vere Group’s Village Hotel portfolio and the global expansion programmes at Hard Rock Café and Planet Hollywood, was appointed CEO of Malmaison in January 2012.
KSL is committed to growing Malmaison and Hotel du Vin, with a number of investment initiatives underway, including the opening of a new Malmaison hotel in Dundee in September 2013 and the conversion of an existing property in St. Andrews to a Hotel du Vin in early 2014.
Mr. Davis commented, “We are delighted to welcome KSL as the new owners of the Malmaison and Hotel du Vin brands and are excited to be working with them. They have recognised the significant potential in our business. We look forward to leveraging their considerable expertise, which combined with the talent in our own senior leadership team, will further develop our leading hotel brands.”
“Despite the wider challenging economic climate, we are proud of the strong operational and financial position that the hotels currently enjoy,” Mr. Davis added. “Building on these foundations, we look forward to taking the dynamic brands onward into a period of exciting growth over the coming years.”
Richard Weissmann, a partner at KSL, added, “At KSL, we look for unique travel and leisure businesses with strong management teams to help support and grow. Malmaison and Hotel du Vin occupy a strong position in the UK market. With an exceedingly loyal following, we believe each brand has tremendous potential for further growth and expansion. We are pleased to be working with the company’s talented management team.”
ABOUT MALMAISON AND HOTEL DU VIN
Each founded in 1994, Malmaison and Hotel du Vin are a unique collection of premier boutique hotels located throughout the UK. From our iconic buildings to the iconic dishes on our Brasserie and Bistro menus, we dare to be different from other UK hotels. Each hotel is designed to cater for those who demand something different. People who are looking for a stylish stay, daring dining or an impressive events venue. You may check in to a converted castle prison, hospital, sugar refinery, or even a Royal Mail sorting office. But the difference doesn't stop there.Each Malmaison location is designed with flair and imagination, with sumptuous accommodation and daring touches around every corner. While each Hotel du Vin is elegant, yet unpretentious. Simple, yet sophisticated. Informal, yet luxurious.
For more information, please see malmaision.com.uk and hotelduvin.com.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 Denver, Colorado and New York. 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. In the United States, KSL owns The Grove Park Inn, The Homestead, Montelucia Resort & Spa, Barton Creek Resort & Spa, Rancho Las Palmas Resort & Spa, The James 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; and Western Athletic Clubs, the owner and operator of luxury fitness clubs in California.
For more information, please see kslcapital.com
Enquiries:
Malmaison and Hotel du Vin
Hudson Sandler
Charlie Jack/ Charlie Barker
+44 20 7796 4133
KSL Capital Partners
Heidi Baldwin, Murphy O Brien
310-586-7129
hbaldwin@murphyobrien.com