M&A Deal Summary

Hyatt Acquires Miraval

On January 18, 2017, Hyatt acquired leisure company Miraval from KSL Capital Partners for 215M USD

Acquisition Highlights
  • This is Hyatt’s 1st transaction in the Leisure sector.
  • This is Hyatt’s 2nd largest (disclosed) transaction.
  • This is Hyatt’s 3rd transaction in the United States.
  • This is Hyatt’s 2nd transaction in Arizona.

M&A Deal Summary

Date 2017-01-18
Target Miraval
Sector Leisure
Buyer(s) Hyatt
Sellers(s) KSL Capital Partners
Deal Type Add-on Acquisition
Deal Value 215M USD

Target

Miraval

Tucson, Arizona, United States
Miraval is a provider of wellness and mindfulness experiences. Miraval was established in 1995 and is based in Tucson, Arizona.

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Buyer(S) 1

Buyer

Hyatt

Chicago, Illinois, United States

Category Company
Founded 1957
Sector Leisure
Employees51,000
Revenue 6.7B USD (2023)
DESCRIPTION

Hyatt is a hospitality company, develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, and other properties. Hyatt House hotels offer apartment-style suites with full kitchens, living areas, and more, including a 24-hour gym, and in-house laundry. Hyatt was founded in 1957 and is based in Chicago, Illinois.


DEAL STATS #
Overall 3 of 9
Sector (Leisure) 1 of 6
Type (Add-on Acquisition) 3 of 8
State (Arizona) 2 of 2
Country (United States) 3 of 8
Year (2017) 1 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-20 Royal Palms Resort and

Phoenix, Arizona, United States

Royal Palms Resort and Spa is an online hotel booking platform that offers accommodations, recreation and information on weddings and celebrations.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-01 Exhale

New York, New York, United States

Exhale Spa is an operator of urban day spas that integrate healing and wellness services under one roof. These services include therapeutic spa treatments, high tech skincare, and mind-body movement classes. Exhale was formed in 2001 and is based in New York City.

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 18.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

KSL Capital Partners LLC 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 LLC 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 14 of 19
Sector (Leisure) 14 of 19
Type (Add-on Acquisition) 11 of 13
State (Arizona) 2 of 2
Country (United States) 12 of 16
Year (2017) 1 of 1
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-13 Apple Leisure Group

Newtown Square, Pennsylvania, United States

Apple Leisure Group is a vertically integrated travel and hospitality company focused on packaged travel and resort/brand management in Mexico and the Caribbean. Apple Leisure Group was founded in 1969 and is based in Newtown Square, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-10 Intrawest

Denver, Colorado, United States

Intrawest is a North American mountain resort and adventure company that delivers vacation and travel experiences. Intrawest owns interests in seven four-season mountain resorts geographically diversified across North America’s major ski regions with more than 11,000 skiable acres and over 1,140 acres of land available for real estate development. Intrawest also operates an adventure travel business, a heli-skiing adventure company in North America that provides helicopter accessed skiing, mountaineering, and hiking. Intrawest was founded in 1976 and is based in Denver, Colorado.

Buy $1.5B