M&A Deal Summary

KSL Capital Partners Acquires Davenport Hotels

On December 7, 2021, private equity firm KSL Capital Partners acquired leisure company Davenport Hotels from Davidson Hospitality Group

Acquisition Highlights
  • This is KSL Capital Partners’ 37th transaction in the Leisure sector.
  • This is KSL Capital Partners’ 33rd transaction in the United States.
  • This is KSL Capital Partners’ 1st transaction in Washington.

M&A Deal Summary

Date 2021-12-07
Target Davenport Hotels
Sector Leisure
Buyer(s) KSL Capital Partners
Sellers(s) Davidson Hospitality Group
Deal Type Divestiture

Target

Davenport Hotels

Spokane, Washington, United States
Davenport Hotels operates a portfolio of five luxury, convention, business and leisure hotels. Davenport Hotels was founded in 1914 and is based in Spokane, Washington.

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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 44 of 49
Sector (Leisure) 37 of 42
Type (Divestiture) 5 of 6
State (Washington) 1 of 1
Country (United States) 33 of 36
Year (2021) 8 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-16 Ross Aviation

Denver, Colorado, United States

Ross Aviation is an owns and operates a portfolio of fixed-base operations (FBO) in North America. It also engages in identifying, acquiring, and investing opportunities in the FBO industry. Ross Aviation was founded in 1992 and is based in Denver, Colorado.

Buy -
FOLLOWING 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 -

Seller(S) 1

SELLER

Davidson Hospitality Group

Atlanta, Georgia, United States

Category Company
Founded 1974
Sector Leisure
DESCRIPTION

Davidson Hospitality Group is a full-service hospitality management company comprised of 71 existing hotels and resorts, more than 175 restaurants, bars, and lounges, and nearly 1.5 million square feet of meeting space across the United States. Davidson offers a unique entrepreneurial management style and owners’ mentality that provides the individualized personal service of a small company, enhanced by the breadth and depth of skill and experience of a larger company. Davidson Hospitality Group was founded in 1974 and is based in Atlanta, Georgia.


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