News

DENVER, CO (February 7, 2011) – KSL Capital Partners (KSL), a leading private equity firm, today announced that Craig Henrich has joined the Firm as a Principal. Previously, Craig was a Senior Managing Director of CW Capital Investments, LLC, where he led their single asset group specializing in the acquisition and management of debt investments, including high yield and mortgage backed securities, and over saw a portfolio in excess of $4.6 billion. Prior to joining CW Capital in 2006, Craig was an eleven year veteran of Deutsche Bank/RREEF and its predecessor Bankers Trust serving as Managing Director and Partner in charge of Mezzanine Investments. His primary responsibilities included his role as Fund Manager of two high yield real estate funds investing over $2.5 billion in distressed debt, mezzanine and other high yielding investments. Craig began his real estate career in 1988 as an Acquisition Analyst for a real estate investment company based in San Francisco. Craig has a B.S. from the University of Pacific and an M.B.A. from Harvard University.

Eric Resnick, Managing Director and co-founder of KSL said “We could not be more pleased that Craig is joining our firm. Craig is widely regarded as an expert in hospitality debt investments, particularly the structuring and acquisition of complex loans secured by hospitality investments. This is an area of expertise that is highly relevant in today’s investment environment. Craig’s background will be a terrific complement to our existing team and investment portfolio.”

About KSL‍

KSL Capital Partners is a private equity firm specializing in travel and leisure enterprises in five primary sectors: hospitality, recreation, clubs, real estate and travel services. KSL Capital Partners is headquartered in Denver, Colorado. For more information, please visit www.kslcapital.com.

Notable investments made by the principals of KSL include:

• Squaw Valley USA, a four season mountain resort in Lake Tahoe, CA
• ClubCorp, Inc., the world’s largest owner and operator of golf, country and business and sports clubs
• Western Athletic Clubs, a luxury athletic club operator based in San Francisco, CA
• Orion Expedition Cruises, a luxury expedition cruise company based in Sydney, Australia
• La Costa Resort and Spa in Carlsbad, California
• Barton Creek Resort & Spa in Austin, Texas
• The Homestead in Hot Springs, Virginia
• Rancho Las Palmas Resort & Spa in Rancho Mirage, California
• La Quinta Resort & Club and PGA West in La Quinta, California
• Doral Golf Resort & Spa near Miami, Florida
• Grand Wailea Resort Hotel & Spa on Maui in Wailea, Hawaii
• Arizona Biltmore Resort & Spa in Phoenix, Arizona
• Hotel del Coronado near San Diego, California

OLYMPIC VALLEY, Calif. and DENVER, Colo. [December 6, 2010] - KSL Capital Partners, LLC announced today that it has closed the previously announced acquisition of substantially all of the shares of The Squaw Valley Development Company, which includes all facets of Squaw Valley USA ski operations, the Village at Squaw Valley and related real estate holdings.

"Squaw Valley is the birthplace of the modern mountain resort in the United States with a heritage, history, amenities and perhaps most of all, extraordinary terrain that can never be replicated," said Eric Resnick, KSL s Managing Director.

Recently appointed Squaw Valley President and CEO Andy Wirth will continue in his role. Wirth came to Squaw Valley in August 2010 after maintaining executive level positions with Intrawest, based out of Vancouver, British Columbia and Steamboat, Colorado, and has 25 years of experience in the resort and hospitality industry. "Squaw Valley has already begun a transformation under his leadership and we look forward to working with him and the Squaw Valley team as we usher in a new era." said Resnick.

"The announcement of KSL s completing the acquisition of Squaw Valley is great news for our guests and our team," stated Wirth. "The KSL team has already committed more than $50 million in capital improvements over the next three to five years here at Squaw, clearly supporting their commitment to the mountain and guest experience."

KSL is a private equity firm based in Denver dedicated to investments in travel and leisure businesses. KSL s current and prior investments include some of the premier properties in travel and leisure, including Grand Wailea Resort Hotel & Spa, Arizona Biltmore Resort & Spa, La Costa Resort and Spa, Doral Golf Resort & Spa, Hotel del Coronado, the Claremont Hotel Club & Spa, the San Francisco Bay Club and its sister clubs, as well as ClubCorp, the world's largest owner of private golf and business clubs.

Squaw Valley USA is open for the season. The resort received a record amount of snowfall in the month of November. With over 12 feet of new snow over the last several weeks, Squaw Valley USA boasts superb skiing and riding conditions.

About Squaw Valley USA
Squaw Valley USA was founded in 1949 and hosted the 1960 Winter Olympic Games, the first televised Olympics. Squaw Valley is one of the largest and most diverse mountain resorts in North America, with incomparable outdoor recreational amenities that attract both local residents and visitors from around the globe. For more information, please visit www.squaw.com

About KSL Capital Partners
KSL Capital Partners is a private equity firm specializing in travel and leisure enterprises in five primary sectors: hospitality, recreation, clubs, real estate and travel services. KSL Capital Partners has offices in Denver, Colorado and New York. For more information, please visit www.kslcapital.com.