News

SINGAPORE – July 27, 2022 KSL Capital Partners, LLC (KSL) announced today that its affiliates have acquired the W Maldives and the 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.

Each resort is located on its own private island. The W Maldives is a short seaplane ride and the Sheraton Maldives Full Moon Resort & Spa is a short speedboat ride from the Maldives Velana International Airport.  W Maldives offers a combination of 77 overwater or beach bungalows with private balconies and private pools. The Maldives is home to some of the most vibrant and diverse marine life in the world, and the resort’s house reef features hundreds of different ocean life species. Guests can also enjoy the resort’s private yacht experience, six restaurants and bars and a world-class spa.

The 176-room Sheraton Maldives Full Moon Resort & Spa is a 5-star family resort. The property is one of the most expansive luxury properties in the Maldives. It features a mix of overwater bungalows, ocean view villas and cottages, many with private plunge pools. Guests can enjoy seven restaurants and bars, multiple fresh-water pools, a full-service spa, tennis facilities, and the Sheraton Kids’ Club.

“KSL Capital Partners is focused on investing in well-located, high-quality travel and leisure properties,” said Siddhant Jhunjhunwala, Director of Investments, APAC for KSL. “The Maldives is one of the world’s premier leisure travel tourism destinations and these resorts are two of the best in the market, with the added benefit of being operated by Marriott’s experienced team. We’re pleased to expand our global relationship with Marriott.”

About KSL Capital Partners‍

KSL Capital Partners, LLC 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; Stamford, Connecticut; London, England and Singapore. Since 2005, KSL has raised approximately US$18 billion of capital across both equity, credit and tactical opportunities funds. KSL's current portfolio includes some of the premier properties in travel and leisure. For more information, please visit www.kslcapital.com.

Media contact:
Jon Keehner / Kate Thompson / Erik Carlson
Joele Frank, Wilkinson Brimmer Katcher
KSL-JF@joelefrank.com
(212) 355-4449

Link to Release

‍

Atlantic Aviation (the “Company”) today announced it has added significantly to its network presence and operational leadership with the completion of its combination with Ross Aviation. In addition, the Company has acquired three former TAC Air fixed-base operations (“FBOs”) at Omaha, Nebraska (OMA); Raleigh-Durham, North Carolina (RDU); and Hartford, Connecticut (BDL). The combined companies and new locations will operate under the Atlantic Aviation brand name and will build upon their shared cultures of safe, efficient and friendly FBO services across North America.

The new Atlantic Aviation offers customers more than 100 FBO locations – including the Company’s first locations in Hawaii and the Caribbean. Atlantic Aviation’s leadership is firmly committed to ensuring the Company’s on-going position as an award-winning provider of FBO services across North America, including the continuation and enhancement of Atlantic Awards, the Company’s best-in-class rewards program.

In addition, the Company will be investing significantly in enhancements to its service, technology, sustainability and strategic infrastructure in order to provide more choices, improved experiences, and better value for customers – as well as additional benefits for team members and for the communities they serve. Providing a safe, friendly and familiar experience across North America is a hallmark of Atlantic Aviation, something the Company describes as being “local everywhere.”

“’Local everywhere’ is more than just a slogan,” said Lou Pepper, CEO of Atlantic Aviation. “It’s a belief that ensures we’re not only where our customers want to be, but also that we reflect the culture of all of our local communities. It’s a meaningful point of differentiation over a cookie-cutter approach to service, and it’s something our customers truly appreciate.”

The combination of Atlantic, Ross Aviation and three former TAC Air facilities also brings more than 500 additional team members to the Atlantic Aviation family. Brian Corbett, previously CEO of Ross Aviation, has been appointed Chief Commercial & Sustainability Officer for Atlantic Aviation.

The business combination and recent acquisitions leverage the hospitality expertise of KSL Capital Partners (KSL), Ross Aviation’s principal owner for the past six years and now a significant minority owner of Atlantic Aviation, with KKR’s deep experience creating value in strategic infrastructure investments. KKR acquired Atlantic Aviation in 2021 and is the majority shareholder in the combined company.

“This combination brings together two highly regarded and complementary franchises to create an even stronger leadership presence in business aviation services,” said Dash Lane, Partner at KKR. “We are excited to join with the KSL team to support the new Atlantic Aviation as it pursues its strategy for delivering superb customer experiences and driving long term sustainable growth.”

Atlantic Aviation operates one of the leading networks of fixed base operations (FBOs) in North America, providing a full suite of critical services to the business aviation sector. With FBOs across North America, as well as Hawaii and the Caribbean, Atlantic Aviation provides a wide range of aircraft ground handling and corporate flight support, including fueling and line services, ground transportation, catering, hangar, deicing, and ramp space. To learn more, and for a complete list of locations, please visit https://www.atlanticaviation.com/.

About KKR‍

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

About KSL Capital Partners

KSL Capital Partners, LLC is a private equity firm specializing in premier travel and leisure enterprises in five primary sectors: hospitality, recreation, clubs, real estate, and travel services. Since 2005, KSL has raised approximately $18 billion of capital across both debt and equity funds. For more information, please visit www.kslcapital.com.

Link to Release

London, 31 March 2022 – The Pig Hotels announced today that an affiliate of the specialist travel and leisure private equity firm KSL Capital Partners, LLC (“KSL”) has acquired the parent company of The Pig Hotels in partnership with its co-founder Robin Hutson. Robin will continue as Chairman of the company and will retain a stake in the business. Tom Ross, previously Group Operations Director, has taken on the role of Managing Director. Terms of the transaction were not disclosed.

Founded in 2011, The Pig Hotels are a much-loved collection of award-winning rural boutique hotels with acclaimed restaurants built on a commitment to environmental sustainability. Each of the eight properties is located in the countryside throughout southern England and features homegrown food in a relaxed setting. What cannot be grown on site is primarily sourced from within 25 miles of each Pig location.

“Having been admirers of what Robin has built over the last decade, we could not be more excited to work hand-in-hand with him and the entire team, and to help continue the growth of The Pig. The team at The Pig has created something truly unique and exceptional: hotels set in the English countryside which are dedicated to providing genuine hospitality and are at the forefront of environmental responsibility. We look forward to being part of this journey and supporting the management team,” said Tina Yu, Principal, KSL Capital Partners.
KSL has invested exclusively in travel and leisure businesses for over 30 years.  With KSL’s backing, the company will seek to add additional Pig hotels through the acquisition and development of complementary properties throughout the UK.

“This is an exciting opportunity for us all at The Pig to focus on the future with an experienced team specialising in hospitality. KSL invests in some of the most iconic and well-known hotels in the world and has had great success preserving what makes each asset unique. The investment will allow us to continue to grow and expand our collection, while offering our guests the same home away from home quality they expect at each of our hotels,” said Robin Hutson.

About The Pig Hotels

‍The Pig is a personal collection of small boutique hotels where the focus is on authenticity and informality of design, food and service. There are now eight hotels located in the South Coast Counties in England. Each Pig hotel has approximately 30 bedrooms housed in a historic building complete with a garden-inspired restaurant, a kitchen garden and land for animals, serving food that is either grown on property or locally sourced. There are no “cookie-cutter roll-outs”; each hotel has its own personality and sense of self. Every property comes with laid-back warm service and a genuine commitment to environment and social responsibility. The Pig Hotels have been the recipients of numerous awards, including Most Innovative Hotel Group from The Caterer (2016); Sunday Times’ Hotel of the Year for The Pig on The Beach (2013); Tatler’s Hotel of the Year for The Pig at Harlyn Bay (2020); and the National Restaurant Association’s Sustainable Restaurant of the Year for The Pig (2015). For a complete list of awards and recognitions, and for more information on The Pig Hotels, please visit www.thepighotel.com.

About KSL Capital Partners

KSL is a private equity firm specialising in travel and leisure enterprises in five primary sectors: hospitality, recreation, clubs, real estate, and travel services, with offices in Denver, Colorado; Stamford, Connecticut; London, England and Singapore. Since 2005, KSL has raised approximately $18 billion of capital across both debt and equity funds. KSL's current portfolio includes some of the world’s most prestigious properties in travel and leisure. For more information, please visit www.kslcapital.com.
‍

‍
Media contact:
The Pig
Emma Cripwell – Publicist, The Pig
+447775 440143
emma@emmacripwell.com

Media contact:
KSL Capital Partners
Maureen Richardson, River Communications
+1 914 434 6033
mrichardson@riverinc.com

Denver, CO (February 1, 2022) – KSL Capital Partners, LLC (KSL) and Arcade Capital LLC announced today the acquisition by their affiliates of the iconic Silverado Resort and Spa, a luxury resort in the heart of Napa Valley wine country. Terms were not disclosed.

A 2021 Trip Advisor Traveler’s Choice Award Winner and an annual recipient of the AAA Four Diamond Award since 1976, Silverado has been one of Napa Valley’s premier destinations for over 150 years, first as a private estate and now a contemporary 449 room resort, with two Robert Trent Jones, Jr. designed championship golf courses, a 16,000-square-foot spa and fitness center and 70,000 square feet of indoor and outdoor event space for members and guests.

“We could not be more pleased to have been provided the privilege of acquiring the Silverado Resort and Spa,” said Michael Mohapp, Principal at KSL.  “At KSL, we take great pride in having had the opportunity of owning and investing in some of the most storied hotels and resorts in the world.  Our goal is to preserve what makes each asset unique, while at the same time making new investments to meet the expectations of today’s travelers. There are few places like Napa Valley, and we look forward to working with the broader Silverado community in enhancing the resort for the benefit of its guests and its neighbors.”

“KSL Capital is a best-in-class institutional partner with deep expertise with complex resort properties of this nature, and we are excited to partner with KSL on this investment,” said Will Obeid, founder and Principal of Arcade Capital. “Silverado Resort and Spa has top-notch golf, tennis and resort amenities encompassing a large, prime location in Napa Valley, making it a truly remarkable and rare property.  The Napa Valley lifestyle embraces great food, wine, community, wellness, and outdoor activities among nature’s most beautiful surroundings.  We look forward to enhancing these values at the Silverado Resort and Spa.”

Surrounded by Napa Valley’s more than 400 wineries and situated on 300 picturesque acres, Silverado is known for its centerpiece pillared mansion built in 1870. The acclaimed property now features three contemporary dining venues, three guest swimming pools, ten plexi-paved outdoor tennis courts, three bocce ball courts and a multitude of other recreational offerings for members and guests.

More information on Silverado Resort and Spa is available at www.silveradoresort.com.

About KSL Capital Partners‍

KSL Capital Partners, LLC 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; Stamford, Connecticut; London, England and Singapore. Since 2005, KSL has raised approximately $15 billion of capital across both debt and equity funds. KSL's current portfolio includes some of the premier properties in travel and leisure. For more information, please visit www.kslcapital.com.

About Arcade Capital LLC‍

Arcade Capital Group is a private real alternative investment firm and advisor focused on sustainability, wellness, and purpose-based living. Founded in 2014 by Will Obeid, the firm specializes in opportunistic real estate investing, hotel management, and the global wellness economy.

Media contact:
Maureen Richardson, River Communications
Office: 914-686-5599
Cell: 914-434-6033
mrichardson@riverinc.com

Link to Release

Dijkstra family retains minority interest, Leon Dijkstra remains CEO

Amsterdam, 17 December 2021 – Eden Hotels (“Eden”), the Dutch hotel group owned by the Dijkstra family, announced today that an affiliate of KSL Capital Partners (“KSL”) made a majority investment into the group. The Dijkstra family will retain a significant minority stake in the group, and Eden CEO Leon Dijkstra will remain in his role in Eden Hotels. The combined ambition is to expand Eden Hotels into Europe. Terms of the investment are undisclosed.

Eden Hotels owns and operates 14 hotels with almost 2,000 rooms predominantly in Amsterdam and other major Dutch cities. The business has been built up by the Dijkstra family over almost 75 years and includes, among others, the 400-room Eden Hotel Amsterdam as well as the Hard Rock Hotel Amsterdam American. Today, the business employs over 500 people across its hotels and central offices.

The investment allows Eden to access KSL’s international hospitality experience, which spans over 30 years, and KSL’s financial resources to invest into the existing portfolio. The partnership will seek to grow the Eden platform through the acquisition of complementary city center hotels in other Dutch as well as European destinations.

Leon Dijkstra, shareholder and CEO, noted “We are very excited to team up with KSL. This is a great new chapter for Eden Hotels. We are looking forward to further grow our company into Europe. We strongly believe that our company Eden Hotels shall benefit from the international expertise and experience of the KSL team while maintaining at the same time our core business values and DNA”.

Martin Edsinger, Principal at KSL Capital Partners, said “Our team is very excited to become the custodian of Eden Hotels, alongside Leon as a long-term shareholder of the business. We are particularly proud to become the trusted partner of a prominent family business. We think that Eden is a compelling collection of irreplaceable city center hotels where we see a joint opportunity to invest together and drive performance with the existing team. We further see an opportunity to continue Eden’s strategy to acquire more hotels and to expand across Europe.”

Eden Hotels were advised by CMS (Legal), Ajes Advisory (M&A), Bakertilly and BDO (Tax & Finance).

KSL Capital Partners were advised by DeBrauw and Latham & Watkins (Legal) and Deloitte (Financial and Tax).


Press contacts for further details:
KSL Capital Partners
Maureen Richardson (River Communications)
+914 434 6033
mrichardson@riverinc.com

Eden Hotels
Jeannette Spits (USP Marketing PR)
jeannette.spits@usp.nl

About Eden Hotels‍

Eden Hotels is a Dutch family business consisting of 14 city center hotels offering local experience and lasting memories since 1947. The hotel group consists of the Hard Rock Hotel Amsterdam American, The Lancaster Hotel Amsterdam, Eden Hotel Amsterdam, Jan Luyken Hotel, The Manor Amsterdam, The ED Amsterdam, City Hotel Hengelo, Crown Hotel Eindhoven, Holiday Inn Eindhoven, Babylon Hotel Den Haag, Designhotel Maastricht, City Hotel Groningen, Oranje Hotel Leeuwarden and the Savoy Hotel in Rotterdam. For more information, please see www.edenhotels.nl or visit the individual hotel websites.

About KSL Capital Partners

KSL Capital Partners, LLC 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; New York City; Stamford, Connecticut; London, England and Singapore. Since 2005, KSL has raised in excess of $15 billion of capital across both equity, credit and tactical opportunities funds. KSL's current portfolio includes some of the premier properties in travel and leisure. In addition, KSL’s European Capital Solutions (ECS) platform focuses on non-controlling equity and credit investments throughout the capital structure across the European travel and leisure space. For more information, please visit www.kslcapital.com.

Link to Release