M&A Deal Summary

KSL Capital Partners and Host Hotels & Resorts Acquire Hyatt Place

On June 3, 2013, private equity firm KSL Capital Partners and Host Hotels & Resorts acquired consumer services company Hyatt Place for 139M USD

Acquisition Highlights
  • This is KSL Capital Partners’ 1st and Host Hotels & Resorts’ 1st transaction in the Consumer Services sector.
  • This is KSL Capital Partners’ 4th and Host Hotels & Resorts’ 4th largest (disclosed) transaction.
  • This is KSL Capital Partners’ 12th and Host Hotels & Resorts’ 3rd transaction in the United States.
  • This is KSL Capital Partners’ 1st and Host Hotels & Resorts’ 1st transaction in New York.

M&A Deal Summary

Date 2013-06-03
Target Hyatt Place
Sector Consumer Services
Buyer(s) KSL Capital Partners
Host Hotels & Resorts
Deal Type Add-on Acquisition
Deal Value 139M USD

Target

Hyatt Place

New York, New York, United States
Hyatt Place is a hotel with 520 guestrooms and features one food and beverage outlet, a fitness center, and 961 square feet of meeting space. Hyatt Place was founded in 2019 and in New York.

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Buyer(S) 2

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 16 of 49
Sector (Consumer Services) 1 of 4
Type (Add-on Acquisition) 1 of 1
State (New York) 1 of 3
Country (United States) 12 of 36
Year (2013) 2 of 2
Size (of disclosed) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-03-18 Malmaison Group

Hampshire, United Kingdom

Malmaison and Hotel du Vin are a unique collection of premier boutique hotels located throughout the UK.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-12 Barton Creek Resort &

Austin, Texas, United States

Barton Creek Resort & Spa is a golf resort. Barton Creek has 300 guest rooms and over 43,000 square feet of meeting space. Barton Creek Resort & Spa was founded in 1985 and is based in Austin, Texas

Sell -
Buyer

Host Hotels & Resorts

Bethesda, Maryland, United States

Category Company
Sector Real Estate
Employees163
Revenue 5.3B USD (2023)
DESCRIPTION

Host Hotels & Resorts is a premier lodging real estate company. Company own high quality lodging assets in prime urban, airport and resort/convention locations. Creating value through aggressive asset management and disciplined capital allocation to generate superior performance. Host Hotels & Resorts is based in Bethesda, Maryland.


DEAL STATS #
Overall 6 of 9
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 3 of 4
State (New York) 1 of 1
Country (United States) 3 of 5
Year (2013) 1 of 1
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-24 Manchester Grand Hyatt San Diego

San Diego, California, United States

The Manchester Grand Hyatt San Diego has a premier waterfront location adjacent to the city's Convention Center. The hotel has approximately 125,000 net square feet of meeting space, including a 34,000 square foot finished exhibit hall, additional ballrooms of 30,000 and 25,000 net square feet, a junior ballroom of 10,000 net square feet, and 41 breakout rooms.

Buy $570M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-06 B2 Miami Downtown

Miami,, Florida, United States

B2 Miami Downtown operates as a hotel in Miami.

Buy $58M