M&A Deal Summary

Hyatt Acquires Ventana Big Sur

On June 17, 2021, Hyatt acquired leisure company Ventana Big Sur from Geolo Capital and KSL Capital Partners for 148M USD

Acquisition Highlights
  • This is Hyatt’s 4th transaction in the Leisure sector.
  • This is Hyatt’s 4th largest (disclosed) transaction.
  • This is Hyatt’s 6th transaction in the United States.
  • This is Hyatt’s 1st transaction in California.

M&A Deal Summary

Date 2021-06-17
Target Ventana Big Sur
Sector Leisure
Buyer(s) Hyatt
Sellers(s) Geolo Capital
KSL Capital Partners
Deal Type Divestiture
Deal Value 148M USD

Target

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.

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Buyer(S) 1

Buyer

Hyatt

Chicago, Illinois, United States

Category Company
Founded 1957
Sector Leisure
Employees52,000
Revenue 6.6B USD (2024)
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 6 of 10
Sector: Leisure M&A 4 of 7
Type: Divestiture M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 6 of 8
Year: 2021 M&A 1 of 2
Size (of disclosed) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-30 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-15 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 $2.7B

Seller(S) 2

SELLER

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 9 of 9
Sector: Leisure M&A 4 of 4
Type: Divestiture M&A Deals 1 of 1
State: California M&A 4 of 4
Country: United States M&A 9 of 9
Year: 2021 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-01 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.

Buy -
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 21 of 29
Sector: Leisure M&A 21 of 28
Type: Divestiture M&A Deals 1 of 1
State: California M&A 6 of 7
Country: United States M&A 18 of 24
Year: 2021 M&A 1 of 6
Size (of disclosed) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-18 Southern Marinas

Jupiter, Florida, United States

Southern Marinas is a owner/operator of marinas strategically located across the United States. The Company's philosophy is to extend a warm welcome and gracious “Southern Hospitality” across all touchpoints of the customer experience. Southern Marinas was founded in 2018 and is based in Jupiter, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-08 Amara Cay Resort

Islamorada, Florida, United States

Amara Cay Resort is a beachfront Resort. Amara Cay Resort is based in Islamorada, Florida.

Buy -