M&A Deal Summary

KSL Capital Partners Acquires Bicycle Street Inn & Suites

On December 31, 2021, private equity firm KSL Capital Partners acquired leisure company Bicycle Street Inn & Suites from Ira Green

Acquisition Highlights
  • This is KSL Capital Partners’ 39th transaction in the Leisure sector.
  • This is KSL Capital Partners’ 34th transaction in the United States.
  • This is KSL Capital Partners’ 2nd transaction in Michigan.

M&A Deal Summary
Date 2021-12-31
Target Bicycle Street Inn & Suites
Sector Leisure
Buyer(s) KSL Capital Partners
Sellers(s) Ira Green
Deal Type Divestiture

Target

Bicycle Street Inn & Suites

Mackinac Island, Michigan, United States
Bicycle Street Inn & Suites and Waterfront Collection is one of the premier lodging facilities on the distinctive destination of Mackinac Island, collectively representing 84 rooms among three guestroom buildings: the Bicycle Street Inn & Suites, the Waterfront Collection North, and the Waterfront Collection South. The hotel is located directly on Main Street and the main ferry station entry point to the island, welcoming visitors as they disembark. Bicycle Street Inn & Suites was founded in 2012 and is based in Mackinac Island, Michigan.

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Buyer(S) 1

Buyer

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 46 of 49
Sector (Leisure) 39 of 42
Type (Divestiture) 6 of 6
State (Michigan) 2 of 2
Country (United States) 34 of 36
Year (2021) 10 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-17 Eden Hotels

Amsterdam, Denmark

Eden Hotels is a Dutch family business consisting of 14 city center hotels offering local experience and lasting memories. Eden Hotels was founded in 1947 and is based in Amsterdam, Denmark.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-01 Silverado Resort and

Napa Valley, California, United States

Silverado Resort and Spa is a contemporary resort, with two championship golf courses, a luxury spa, and 70,000 square feet of indoor and outdoor event space, among other amenities. Silverado Resort and Spa is based in Napa Valley, California.

Buy -

Seller(S) 1

SELLER

Ira Green

Providence, Rhode Island, United States
Category Company
Founded 1943
Sector Consumer Products
DESCRIPTION

Ira Green is a full-service manufacturer and distributor of nearly 40,000 unique items for the military. Ira Green was established in 1943 and is based in Providence, Rhode Island.

DEAL STATS #
Overall 1 of 1
Sector (Leisure) 1 of 1
Type (Divestiture) 1 of 1
State (Michigan) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1
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