Add-on Acquisition • Leisure

Omni Hotels & Resorts Acquires Barton Creek Resort &

On June 12, 2013, Omni Hotels & Resorts acquired leisure company Barton Creek Resort & from KSL Capital Partners

Acquisition Context
  • This is Omni Hotels & Resorts’ 2nd transaction in the Leisure sector.
  • This is Omni Hotels & Resorts’ 3rd transaction in the United States.
  • This is Omni Hotels & Resorts’ 2nd transaction in Texas.

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M&A Deal Summary

Date June 12, 2013
Target Barton Creek Resort &
Sector Leisure
Buyer(s) Omni Hotels & Resorts
Sellers(s) KSL Capital Partners
Deal Type Add-on Acquisition

Target Company

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
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Buyer Overview 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 Context for Buyer #
Overall 3 of 8
Sector: Leisure 2 of 7
Type: Add-on Acquisition 3 of 7
State: Texas 2 of 2
Country: United States 3 of 8
Year: 2013 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-12 Rancho Las Palmas Resort &

Rancho Mirage, California, United States

Rancho Las Palmas Resort & Spa is nestled in the heart of Rancho Mirage, California at the base of the San Jacinto Mountain Range in the sun-drenched Coachella Valley. Managed on behalf of KSL Capital by KSL Resorts, Rancho Las Palmas includes 444 guest rooms, 27 holes of golf, a 20,000 square foot spa, 3 swimming pools and 41,000 square feet of meeting space.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-13 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.

Buy -

Seller Profile 1

SELLER

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 Context for Seller #
Overall 3 of 29
Sector: Leisure 3 of 28
Type: Add-on Acquisition 3 of 20
State: Texas 1 of 2
Country: United States 2 of 24
Year: 2013 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-12 Rancho Las Palmas Resort &

Rancho Mirage, California, United States

Rancho Las Palmas Resort & Spa is nestled in the heart of Rancho Mirage, California at the base of the San Jacinto Mountain Range in the sun-drenched Coachella Valley. Managed on behalf of KSL Capital by KSL Resorts, Rancho Las Palmas includes 444 guest rooms, 27 holes of golf, a 20,000 square foot spa, 3 swimming pools and 41,000 square feet of meeting space.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-06-13 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.

Sell -