M&A Deal Summary

KSL Capital Partners Acquires St. Regis Aspen Resort

On April 17, 2015, private equity firm KSL Capital Partners acquired leisure company St. Regis Aspen Resort

Acquisition Highlights
  • This is KSL Capital Partners’ 20th transaction in the Leisure sector.
  • This is KSL Capital Partners’ 17th transaction in the United States.
  • This is KSL Capital Partners’ 3rd transaction in Colorado.

M&A Deal Summary

Date 2015-04-17
Target St. Regis Aspen Resort
Sector Leisure
Buyer(s) KSL Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

St. Regis Aspen Resort

Aspen, Colorado, United States
St. Regis Aspen Resort is a luxury resort consisting of 179 guestrooms. Amenities include the award-winning 12,000-square foot Remed Spa, four food & beverage outlets, 20,000 SF of meeting space, an outdoor pool, and a ski concierge. St. Regis Aspen Resort was founded in 1992 and is based in Aspen, Colorado.

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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 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 23 of 55
Sector: Leisure M&A 20 of 49
Type: Buyout (LBO, MBO, MBI) M&A Deals 14 of 27
State: Colorado M&A 3 of 6
Country: United States M&A 17 of 42
Year: 2015 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-09 The Royal Palm

Miami, Florida, United States

The Royal Palm is a 410-room beachfront hotel located in Miami Beach, Florida in the heart of South Beach, one of the most desirable lodging markets in the United States. The Hotel is ideally located on Collins Avenue between 15th and 16th Streets, within very close proximity of the most popular South Beach tourist attractions, including the Lincoln Road shopping district, historic Ocean Drive, and the Miami Beach Convention Center. The Royal Palm is managed by the Denihan Hospitality Group and is in the process of being renovated to the standards of a luxury boutique hotel. Upon completion, which is scheduled for late 2012, the hotel will be rebranded The James Royal Palm.

Sell $278M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-12 Great Wolf Resorts

Chicago, Illinois, United States

Great Wolf Resorts provides safe and immersive entertainment experiences for families in all seasons and all weather conditions across 18 resorts, or “lodges”, in the United States and Canada. Every Great Wolf lodge contains a full-service hotel, expansive indoor waterpark, recreational activities including game rooms, ropes courses, and family bowling alleys, various food & beverage offerings, and themed experiences with proprietary characters unique to Great Wolf. Great Wolf Resorts was founded in 1992 and is based in Chicago, Illinois.

Sell -