M&A Deal Summary

Omni Hotels & Resorts Acquires The Homestead Resort

On June 13, 2013, Omni Hotels & Resorts acquired leisure company The Homestead Resort from KSL Capital Partners

Acquisition Highlights
  • This is Omni Hotels & Resorts’ 4th transaction in the Leisure sector.
  • This is Omni Hotels & Resorts’ 5th transaction in the United States.
  • This is Omni Hotels & Resorts’ 1st transaction in Virginia.

M&A Deal Summary
Date 2013-06-13
Target The Homestead Resort
Sector Leisure
Buyer(s) Omni Hotels & Resorts
Sellers(s) KSL Capital Partners
Deal Type Add-on Acquisition

Target

The Homestead Resort

Hot Springs, Virginia, United States
The Homestead, located in Hot Springs, Virginia is America's first resort founded in 1766. Managed on behalf of KSL Capital by KSL Resorts, The Homestead includes 485 rooms, three championship golf courses, an award-winning historic spa, 11 restaurants or food outlets, 72,000 square feet of meeting space, outdoor and indoor pools (including historic Jefferson Pools, featuring naturally heated water), skiing, shooting club, tennis and many more activities.

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Buyer(S) 1

Buyer

Omni Hotels & Resorts

Dallas, Texas, United States
Category Company
Founded 1958
Sector Restaurants
DESCRIPTION

Omni Hotels & Resorts creates genuine, authentic guest experiences at 50 distinctive luxury hotels and resorts in leading business gateways and leisure destinations across North America. From exceptional golf and spa retreats to dynamic business settings, each Omni showcases the local flavor of the destination while featuring four-diamond services, signature restaurants, Wi-Fi connectivity and unique wellness options.

DEAL STATS #
Overall 5 of 8
Sector (Leisure) 4 of 7
Type (Add-on Acquisition) 5 of 7
State (Virginia) 1 of 1
Country (United States) 5 of 8
Year (2013) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-13 The Grove Park Inn Resort &

Asheville, North Carolina, United States

The Grove Park Inn in Asheville, N.C., is one of the country's most celebrated resorts. Built in 1913 with granite stones mined from Sunset Mountain, the Inn overlooks the city of Asheville and provides majestic views of the Blue Ridge Mountains. Pure mountain air, impeccable service, and unparalleled cuisine have attracted visitors by the score. Noted for its understated elegance and southern charm, ten U.S. Presidents and countless luminaries from the worlds of art, entertainment, sports and politics have stayed at this National Register of Historic Places hotel.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-01 La Costa Resort and

Carlsbad, California, United States

La Costa Resort and Spa boasts the 43,000 square-foot Spa at La Costa, 474 spacious and well-appointed guestrooms and suites, 136 deluxe one, two and three-bedroom villas, a Clubhouse with a fitness center, two acclaimed restaurants - Legends and BlueFire Grill, two championship golf courses, a world class tennis facility, over 50,000 square feet of indoor meeting space and over 50,000 square feet of outdoor function space. La Costa Resort and Spa was founded in 1926 and is based in Carlsbad, California.

Buy -

Seller(S) 1

SELLER

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 5 of 19
Sector (Leisure) 5 of 19
Type (Add-on Acquisition) 5 of 13
State (Virginia) 1 of 1
Country (United States) 4 of 16
Year (2013) 5 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-13 The Grove Park Inn Resort &

Asheville, North Carolina, United States

The Grove Park Inn in Asheville, N.C., is one of the country's most celebrated resorts. Built in 1913 with granite stones mined from Sunset Mountain, the Inn overlooks the city of Asheville and provides majestic views of the Blue Ridge Mountains. Pure mountain air, impeccable service, and unparalleled cuisine have attracted visitors by the score. Noted for its understated elegance and southern charm, ten U.S. Presidents and countless luminaries from the worlds of art, entertainment, sports and politics have stayed at this National Register of Historic Places hotel.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-01 La Costa Resort and

Carlsbad, California, United States

La Costa Resort and Spa boasts the 43,000 square-foot Spa at La Costa, 474 spacious and well-appointed guestrooms and suites, 136 deluxe one, two and three-bedroom villas, a Clubhouse with a fitness center, two acclaimed restaurants - Legends and BlueFire Grill, two championship golf courses, a world class tennis facility, over 50,000 square feet of indoor meeting space and over 50,000 square feet of outdoor function space. La Costa Resort and Spa was founded in 1926 and is based in Carlsbad, California.

Sell -
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