M&A Deal Summary

Hilton Acquires Graduate Hotels

On May 1, 2024, Hilton acquired leisure company Graduate Hotels from KSL Capital Partners

Acquisition Highlights
  • This is Hilton’s 2nd transaction in the Leisure sector.
  • This is Hilton’s 2nd transaction in the United States.
  • This is Hilton’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2024-05-01
Target Graduate Hotels
Sector Leisure
Buyer(s) Hilton
Sellers(s) KSL Capital Partners
Deal Type Add-on Acquisition

Target

Graduate Hotels

Nashville , Tennessee, United States
Graduate Hotels is a collection of boutique, design-driven hotels in university-anchored markets located across the United States. Graduate properties target the 3.5-star segment of the hotel market and typically include one or two F&B outlets, a game room, free bike rentals, parking or valet options, a fitness center, and meeting space. The hotels range in size from 72 guestrooms to 305 guestrooms. Graduate hotels are located in university markets, intending to cater to those visiting the university, and are within walking distance to either the main university campus and/or the center of activity, shopping, dining, and nightlife within their respective markets. Graduate Hotels was founded in 2014 and is based in Nashville, Tennessee.

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Buyer(S) 1

Buyer

Hilton

McLean, Virginia, United States

Category Company
Founded 1919
Sector Leisure
Employees181,000
Revenue 11.2B USD (2024)
DESCRIPTION
Hilton's corporate headquarters in McLean, Virginia.
Hilton's corporate headquarters in McLean, Virginia.

Hilton is a global hospitality company, spanning the lodging sector from luxury and full-service hotels and resorts to extended-stay suites and focused-service hotels. Hilton was founded in 1919 and is based in McLean, Virginia.


DEAL STATS #
Overall 2 of 2
Sector: Leisure M&A 2 of 2
Type: Add-on Acquisition M&A Deals 1 of 1
State: Tennessee M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2024 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-03 Sydell Group

Miami, Florida, United States

Sydell Group is the creator of unique lifestyle hotels rooted in their location and architecture whose core expertise is in bringing together emerging and established talent from the worlds of design, food & beverage, art, and hospitality to create hotels and restaurants that offer inspiration, comfort, the graciousness of spirit and a deep sense of place. Sydell Group was founded in 2011 and is based in Miami, Florida.

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 27 of 29
Sector: Leisure M&A 27 of 28
Type: Add-on Acquisition M&A Deals 20 of 20
State: Tennessee M&A 2 of 2
Country: United States M&A 23 of 24
Year: 2024 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-01 Sheraton Kauai Coconut Beach Resort

Kapaa, Hawaii, United States

Sheraton Kauai Coconut Beach Resort is a 314-room Hawaiian oceanfront resort overlooking Waipouli Beach on the island of Kauai. Ideally situated to take advantage of the wonders of Kauai, the Property is located seven miles from the international airport in Lihue and approximately half-way between the resort communities of Poipu in the south and Princeville in the north. Sheraton Kauai Coconut Beach Resort was founded in 1978 and is based in Kapaa, Hawaii .

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-26 Village Hotels

Warrington, United Kingdom

Village Hotels is a resort has 25 location, with an additional three properties scheduled to open shortly. The company caters to both locals and travelers alike through its extensive food and beverage offerings and health and fitness club amenities. Village Hotels was founded in 1995 and is based in Warrington, United kingdom.

Sell -