M&A Deal Summary

Intercontinental Hotels Group Acquires Kimpton Hotels

On December 16, 2014, Intercontinental Hotels Group acquired leisure company Kimpton Hotels from KSL Capital Partners for 430M USD

Acquisition Highlights
  • This is Intercontinental Hotels Group’s 1st transaction in the Leisure sector.
  • This is Intercontinental Hotels Group’s largest (disclosed) transaction.
  • This is Intercontinental Hotels Group’s 1st transaction in the United States.
  • This is Intercontinental Hotels Group’s 1st transaction in California.

M&A Deal Summary

Date 2014-12-16
Target Kimpton Hotels
Sector Leisure
Buyer(s) Intercontinental Hotels Group
Sellers(s) KSL Capital Partners
Deal Type Add-on Acquisition
Deal Value 430M USD

Target

Kimpton Hotels

San Francisco, California, United States
Kimpton Hotels is a hotel and restaurant brand. Kimpton Hotels was founded in 1981 and is based in San Francisco, California.

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Buyer(S) 1

Buyer

Intercontinental Hotels Group

Windsor, United Kingdom

Category Company
Founded 1777
Sector Leisure
Employees12,587
Revenue 4.9B USD (2024)
DESCRIPTION

Intercontinental Hotels Group is a hotel company with 688,517 rooms in over 4,700 hotels in nearly 100 countries and territories worldwide. We operate nine hotel brands – InterContinental, Crowne Plaza, Hotel Indigo, Holiday Inn, Holiday Inn Express, Staybridge Suites, Candlewood Suites, EVEN™ Hotels and HUALUXE™ Hotels and Resorts. InterContinental Hotels Group was founded in 1777 and is based in Denham, England.


DEAL STATS #
Overall 1 of 3
Sector: Leisure M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 2
State: California M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2014 M&A 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-14 Regent International Hotels

Taipei 104, Taiwan

Regent International Hotels Ltd. is a global luxury hospitality brand including hotels, resorts, residences and cruises. The Regent brand returned to its Asian roots in 2010 with an acquisition by Taipei-based FIH Regent Group. The bespoke Regent experience combines Eastern simplicity and Western elegance melded with gracious and intuitive service, luxurious amenities and traditional hospitality.

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 11 of 29
Sector: Leisure M&A 11 of 28
Type: Add-on Acquisition M&A Deals 8 of 20
State: California M&A 4 of 7
Country: United States M&A 9 of 24
Year: 2014 M&A 4 of 4
Size (of disclosed) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-26 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 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.

Buy -