M&A Deal Summary

Geolo Capital and Bentall GreenOak Acquire Hutton Hotel

On June 1, 2020, private equity real estate Geolo Capital and Bentall GreenOak acquired leisure company Hutton Hotel from KSL Capital Partners

Acquisition Highlights
  • This is Geolo Capital’s 6th and Bentall GreenOak’s 1st transaction in the Leisure sector.
  • This is Geolo Capital’s 8th and Bentall GreenOak’s 2nd transaction in the United States.
  • This is Geolo Capital’s 1st and Bentall GreenOak’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2020-06-01
Target Hutton Hotel
Sector Leisure
Buyer(s) Geolo Capital
Bentall GreenOak
Sellers(s) KSL Capital Partners
Deal Type Add-on Acquisition

Target

Hutton Hotel

Nashville, Tennessee, United States
Hutton Hotel is a boutique hotel. The Hotel offers contemporary accommodations, on-site dining at Evelyn’s, and a live-music venue called Analog, reflecting the city’s creative culture. The property also provides meeting and event spaces, including writer studios for music collaborations. Hutton Hotel was founded in 2009 and is based Nashville, Tennessee.

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Buyer(S) 2

Buyer

Geolo Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Real Estate
Founded 2005
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Geolo Capital is the private equity investment arm of The John A. Pritzker family. Geolo specializes in growth capital and buyout investments in middle market companies throughout the US. Areas of interests include hospitality, entertainment, health/wellness, and consumer products/services. Geolo Capital is based in San Francisco.


DEAL STATS #
Overall 8 of 8
Sector: Leisure M&A 6 of 6
Type: Add-on Acquisition M&A Deals 1 of 1
State: Tennessee M&A 1 of 1
Country: United States M&A 8 of 8
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-22 Two Roads Hospitality

San Francisco, New York, United States

Two Roads Hospitality brings together thirty-three boutique hotels operated by Joie de Vivre Hospitality and twelve luxury Thompson Hotels. Two Roads Hospitality was founded in 2011 and is based in San Francisco, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-17 Ventana Big Sur

Big Sur, California, United States

Ventana Big Sur is a luxury coastal CA resort near Monterey, offers luxury accommodations and unique experiences along the dramatic California coastline's set among 160 sprawling acres of rolling meadows and towering redwoods, the intimate 59-room property is undergoing a multimillion-dollar resort-wide renovation. Ventana Big Sur was founded in 1975 and is based in Big Sur, California.

Sell $148M
Buyer

Bentall GreenOak

Toronto, Ontario, Canada

Category Company
Sector Real Estate
DESCRIPTION

Bentall GreenOak is a fully integrated real estate services company providing investment management, property management, leasing and development services to clients across Canada and the U.S.


DEAL STATS #
Overall 3 of 4
Sector: Leisure M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 3
State: Tennessee M&A 1 of 1
Country: United States M&A 2 of 3
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-18 GreenOak Real Estate

London, United Kingdom

GreenOak Real Estate LP is a global real estate investment management firm with approximately US$11 billion of AUM, across discretionary closed-end funds for both equity and debt strategies in the US, Europe, and Asia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 Metropolitan Real Estate

New York, New York, United States

Metropolitan Real Estate is a privately owned, registered investment advisor with more than $2.6 billion in capital commitments across 22 partnerships (16 funds of funds and six feeder funds), representing a wide range of clients, including institutional investors, endowments and foundations and high net worth investors. Metropolitan constructs and manages vintage year U.S., non-U.S., global and custom portfolios, with a focus on private, indirect investments in value-add and opportunistic real estate.

Buy -

Seller(S) 1

SELLER

KSL Capital Partners

Denver, Colorado, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 23.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

KSL Capital Partners is a specialist private equity firm that makes investments in travel and leisure businesses. Areas of interest include hospitality, recreation, clubs, real estate and travel services. KSL is a hands-on investor, with a strong interest in pursuing under-managed or under-capitalized businesses where the firm can unlock hidden value. KSL Capital Partners is the successor investment vehicle to KSL Recreation Corporation, a former portfolio company of KKR. KSL Capital Partners was founded in 2005 and is based at Denver, Colorado with additional offices in New York, New York and London, United Kingdom.


DEAL STATS #
Overall 20 of 29
Sector: Leisure M&A 20 of 28
Type: Add-on Acquisition M&A Deals 15 of 20
State: Tennessee M&A 1 of 2
Country: United States M&A 17 of 24
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-10 Heritage Golf Group

Carlsbad, California, United States

Heritage Golf Group is a hospitality company operating private, resort and daily fee golf properties spanning Florida, South Carolina and Virginia. Heritage Golf Group was founded in 1999 and is based in Carlsbad, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-10 Hai Hospitality

Austin, Texas, United States

Hai Hospitality is a restaurant group. Company’s restaurants include Uchi and Uchiko in Austin, Uchi Houston, Uchi and Uchiba in Dallas, Uchi Denver, Uchi Miami and Loro in Austin amd Houston. Hai Hospitality supports each restaurant in a variety of capacities so that each location has the freedom to grow while still being part of the bigger family—a family that has a common set of core values, a shared vision for food, service, and design, and a collective pool of knowledge and expertise that it can share across restaurants and concepts. Hai Hospitality was formed in 2003 and is based in Austin, Texas

Buy -