M&A Deal Summary

KSL Capital Partners Acquires Grand Hotel

On September 10, 2019, private equity firm KSL Capital Partners acquired leisure company Grand Hotel

Acquisition Highlights
  • This is KSL Capital Partners’ 27th transaction in the Leisure sector.
  • This is KSL Capital Partners’ 23rd transaction in the United States.
  • This is KSL Capital Partners’ 1st transaction in Michigan.

M&A Deal Summary
Date 2019-09-10
Target Grand Hotel
Sector Leisure
Buyer(s) KSL Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Grand Hotel

Mackinac Island, Michigan, United States
Grand Hotel is a proud member of Historic Hotels of America. It has been one of America’s premier summer vacation spots. Grand Hotel beckons guests to a bygone era of old-world hospitality and charm. The resort seamlessly blends decades of tradition with modern amenities. Contributing greatly to the hotel’s ambiance is the relaxed atmosphere of Mackinac Island, where cars are not allowed and the horse and carriage and bicycle are favored modes of transportation. Grand Hotel was formed in 1887 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 32 of 49
Sector (Leisure) 27 of 42
Type (Buyout (LBO, MBO, MBI)) 14 of 20
State (Michigan) 1 of 2
Country (United States) 23 of 36
Year (2019) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-06 Beaumier

Challes-les-Eaux, France

Beaumier is a European boutique hotel business and currently operates eight hotels in premier leisure markets across France. Located in the French Alps, luxury skiing destination, Hôtel Le Val Thorens and Hôtel Le Fitz Roy in Val Thorens as well as Hôtel des 3 Vallées in Courchevel allow guests ski-in/ski-out resort accessibility. The mountain retreat setting of Hôtel Alpaga in Megève faces Mont Blanc, affording guests spectacular views and access to the slopes of Megève. Hôtel Les Roches Rouges, in Saint-Raphaël on the French Riviera, offers a private seafront and direct sea access. Hôtels Le Capelongue, Le Moulin and Le Galinier each offer a retreat in the picturesque surroundings of Provence. Beaumier was formed in 2011 and is based in Challes-les-Eaux, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-17 Motto Chelsea

Chelsea, New York, United States

Motto Chelsea is a Hotel having 349 guestrooms. The Hotel features four F&B outlets, including a ground floor market restaurant, lobby bar, lounge, and rooftop bar. Motto Chelsea is based in Chelsea, Newyork.

Buy -
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