News

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

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

Transaction Will Result in Changes to Management and Board of Directors

Whistler, British Columbia, December 3, 2012 – Whistler Blackcomb Holdings Inc. (TSX: WB) (the “Corporation”) and KSL Capital Partners, LLC (“KSL”) are pleased to announce that an affiliate of KSL has entered into a purchase agreement with Intrawest ULC (“Intrawest”) to acquire Intrawest’s 9,092,500 common shares of the Corporation, representing approximately 24% of the Corporation’s issued and outstanding common shares, for $12.75 per common share.  The Corporation understands that the Intrawest disposition is being made in conjunction with an Intrawest refinancing.  The transaction is expected to be completed tomorrow.  KSL is a U.S. private equity firm dedicated to investments in travel and leisure businesses.

As a result of the sale by Intrawest, Bill Jensen has tendered his resignation as a director and Chief Executive Officer and each of Wes Edens and Jonathan Ashley has tendered his resignation as a director of the Corporation, effective as of the time of closing.  Also effective as of the time of closing, the Corporation’s board of directors has appointed Dave Brownlie, the Corporation’s current President and Chief Operating Officer, as the Corporation’s President and Chief Executive Officer and a director, and appointed Eric Resnick and Peter McDermott, both of KSL, as directors to fill the vacancies created by these resignations. Mr. Resnick is co-founder and Managing Director of KSL and has deep, long-standing ties to the ski industry.  Mr. McDermott is a partner at KSL.

Concurrently with these appointments, the Corporation’s board of directors has appointed Flora Ferraro, the Corporation’s current Vice President of Finance, as Interim Chief Financial Officer. The Corporation intends to announce the appointment of a permanent chief financial officer shortly.

“KSL is delighted to be acquiring a 24% interest in a world-class ski area. Whistler Blackcomb is the largest and most visited ski resort in North America and we feel that it complements our portfolio of premier travel and leisure properties.  Peter and I are looking forward to working with the board to grow the business.  Whistler Blackcomb has a very experienced and successful management team and we are enthusiastic to work with them as they continue to deliver a fantastic mountain experience for Whistler Blackcomb’s guests” commented Mr. Resnick.

“On behalf of the board of directors, I am very pleased to welcome Eric Resnick and Peter McDermott to the board.  We would also like to express our appreciation to Wes Edens and Jonathan Ashley for their contributions to Whistler Blackcomb during their tenure on the board, and especially to Bill Jensen, for his valued service as Chief Executive Officer and as a director” commented Graham Savage, Chairman of the Corporation’s board of directors. “We are also pleased to appoint Dave Brownlie as Chief Executive Officer and as a member of the board of directors. With over 24 years in ski resort management, Dave brings insight and experience to the position and I am looking forward to continuing to work with him to grow the business.”

ABOUT THE TRANSACTION‍

KSL expects to hold the purchased shares for investment purposes. However, KSL and its affiliates expect to evaluate on an ongoing basis the Corporation’s financial condition and prospects and its interest in, and intentions with respect to, the Corporation and KSL’s investment. KSL and its affiliates may from time to time acquire additional common shares of the Corporation or may dispose of all or a part of their shares.

In connection with KSL’s acquisition of Intrawest’s common shares, KSL will assume Intrawest’s rights and obligations under a registration rights agreement which will provide KSL the right to require the Corporation to qualify by prospectus all or a portion of its shares for distribution to the public in Canada, subject to certain conditions. The registration rights agreement is more fully described in the Corporation’s final prospectus dated November 2, 2010 and a copy is available on SEDAR at www.sedar.com under the Corporation’s profile.

KSL’s acquisition of common shares of the Corporation from Intrawest will be made in reliance on the take-over bid exemption contained in subsection 100.1(1) of the Securities Act (Ontario), its corollary provision in Multilateral Instrument 62-104 Take-Over Bids and Issuer Bids and section 2.3 of National Instrument 45-106 Prospectus and Registration Exemptions.

A report regarding KSL’s holding in the Corporation will be filed on SEDAR and will be available under the Corporation’s profile at www.sedar.com or by request in writing to KSL Capital Partners, LLC 100 Fillmore Street, Suite 600 Denver, CO 80206.

ABOUT WHISTLER BLACKCOMB HOLDINGS INC.‍

Whistler Blackcomb Holdings Inc. owns a 75% interest in each of Whistler Mountain Resort Limited Partnership and Blackcomb Skiing Enterprises Limited Partnership, which, together, carry on the four season mountain resort business located in the Resort Municipality of Whistler, British Columbia.  Whistler Blackcomb, the official alpine skiing venue for the 2010 Olympic Winter Games, is situated in the Resort Municipality of Whistler located in the Coast Mountains of British Columbia 125 kilometres (78 miles) from Vancouver, British Columbia. North America's premier four-season mountain resort, Whistler Mountain and Blackcomb Mountain are two side-by-side mountains, connected by the world record-breaking PEAK 2 PEAK Gondola, which combined offer over 200 marked runs, over 8,000 acres of terrain, 14 alpine bowls, three glaciers, receive on average over 1,192 centimetres (469 inches) of snow annually, and offer one of the longest ski seasons in North America. In the summer, Whistler Blackcomb offers a variety of activities, including hiking and biking trails, the Whistler Mountain Bike Park, and sightseeing on the PEAK 2 PEAK Gondola. Whistler Blackcomb Holdings Inc. is listed on the Toronto Stock Exchange under the symbol "WB". For more information, visit www.whistlerblackcombholdings.com. Additional information related to the Corporation is available on SEDAR at www.sedar.com.

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, including The Belfry, 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 on KSL, please visit www.kslcapital.com.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements or information, within the meaning of applicable Canadian securities laws, including, but not limited to, statements with respect to the anticipated closing date for KSL’s acquisition of Intrawest’s common shares of the Corporation, the appointment of new officers and new directors of the Corporation, KSL’s assumption of Intrawest’s rights under the rights registration agreement with the Corporation and other information or statements about future events or conditions which may prove to be incorrect.

The forward-looking statements and information contained in this press release are based on certain factors and assumptions made by management of the Corporation including, but not limited to KSL and Intrawest’s complying with their obligations pursuant to the purchase agreement.

The forward-looking statements and information contained in this press release are subject to a number of significant risks and uncertainties that could cause actual results to differ materially from those anticipated including, but not limited to, risks relating to the transactions not proceeding for any reason, including the price of the Corporation’s common shares changing materially as a result of any of the following unfavourable weather conditions, economic downturns, the seasonality of Whistler Blackcomb’s operations, the extent of required capital expenditures, currency fluctuations, the competitive nature of Whistler Blackcomb’s industry, the unanticipated departure of named executed officers, a general dependence on a seasonal workforce, reliance on existing material agreements, risks relating to Whistler Blackcomb’s access and use of debt financing, adequacy of the Corporation and Whistler Blackcomb’s insurance coverage, litigation, safety and accidents, environmental laws and regulations, leisure and business travel, the impact of any occurring natural disasters and economic, business and market conditions.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements or information prove incorrect, actual results may vary materially from those described herein.  Although the Corporation believes that the expectations reflected in such forward-looking statements and information are reasonable, undue reliance should not be placed on forward-looking statements or information because the Corporation can give no assurance that such expectations will prove to be correct.

These forward-looking statements and information are made as of the date of this press release, and the Corporation has no intention and assumes no obligation to update or revise any forward-looking statements or information to reflect new events or circumstances, except as required by applicable Canadian securities laws.

For additional information, please contact:

For Whistler Blackcomb Holdings Inc.
Jeremy Roche
Senior Manager, Investor Relations
Whistler Blackcomb Holdings Inc. jroche@whistlerblackcomb.com
Ph: 604-938-7376

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.

Denver, Colo. (May 1, 2012) – KSL Capital Partners, LLC announced today that it has completed the previously announced acquisition of the historic Grove Park Inn Resort & Spa. One of the most iconic resorts in the United States, the 512-room Grove Park Inn sits between the majestic Blue Ridge and Great Smoky Mountains in Asheville, North Carolina. Constructed in 1913, the resort features one of the country’s most widely acclaimed spas, eight dining outlets and seven retail outlets, an 18-hole Donald Ross-designed golf course, a 50,000-square-foot sports complex, and 55,000 square feet of meeting space with 42 meeting rooms.

As part of the resort’s Centennial celebration in 2013, KSL Capital Partners is planning to embark on an extensive $25 million renovation of the resort’s public areas, guest rooms, dining outlets, meeting spaces and spa that will honor the historic style of the resort while enhancing the guest experience.

The resort will be managed by KSL Resorts, a leading independent hotel management company.

About The Grove Park Inn‍

Nestled in the Blue Ridge Mountains, just beyond the energy of downtown Asheville, North Carolina, The Grove Park Inn is sanctuary for the soul. Enchanting mountain vistas, lush green fairways, warm Southern charm, and passionate hospitality make The Grove Park Inn an oasis for family vacations and romantic getaways. Listed on the National Register of Historic Places and one of Travel + Leisure’s Top Spa Resorts in the country, The Grove Park Inn is the place to relax, rejuvenate, explore, play, eat and celebrate. Located adjacent to the resort are 24 sophisticated residences of The Fitzgerald, a luxury condominium development. To learn more about The Grove Park Inn, please visit www.groveparkinn.com. To learn about the acclaimed Fitzgerald condominiums at The Grove Park Inn, please visit www.thefitzgerald.info.

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 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; and Orion Expedition Cruises, a luxury expedition cruise operator based in Sydney, Australia. For more information on KSL, please visit www.kslcapital.com.

About KSL Resorts‍

Founded in 1992, KSL Resorts manages nine time-honored resorts with outstanding recreational amenities including spa, golf, tennis and ski. Each is refined yet unpretentious, rich in legacy and genuine in service. The KSL Resorts portfolio of properties includes:

• Hotel del Coronado (San Diego, Calif.)
• Beach Village at The Del (San Diego, Calif.)
• La Costa Resort and Spa (Carlsbad, Calif.)
• Rancho Las Palmas Resort & Spa (Rancho Mirage, Calif.)
• Vail Mountain Lodge & Spa (Vail, Colo.)
• Barton Creek Resort & Spa (Austin, Texas)
• The Homestead (Hot Springs, Va.)
• Montelucia Resort & Spa (Scottsdale, Ariz.)
• The Grove Park Inn & Spa (Asheville, NC)
  ‍

For more information, visit www.kslresorts.com.