M&A Deal Summary

Omni Hotels & Resorts Acquires La Costa Resort and

On July 1, 2013, Omni Hotels & Resorts acquired leisure company La Costa Resort and from KSL Capital Partners

Acquisition Highlights
  • This is Omni Hotels & Resorts’ 5th transaction in the Leisure sector.
  • This is Omni Hotels & Resorts’ 6th transaction in the United States.
  • This is Omni Hotels & Resorts’ 2nd transaction in California.

M&A Deal Summary

Date 2013-07-01
Target La Costa Resort and
Sector Leisure
Buyer(s) Omni Hotels & Resorts
Sellers(s) KSL Capital Partners
Deal Type Add-on Acquisition

Target

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.

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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 6 of 8
Sector: Leisure M&A 5 of 7
Type: Add-on Acquisition M&A Deals 6 of 7
State: California M&A 2 of 2
Country: United States M&A 6 of 8
Year: 2013 M&A 5 of 5
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-07 Montelucia Resort &

Scottsdale, Arizona, United States

Inspired by the rich history, white-washed villages and sun-drenched hills of Spain’s Andalusia region, Montelucia Resort & Spa brings the essence of Europe to the heart of Scottsdale. With arching entryways, splashing fountains, floral walkways, and a collection of antiquities hidden throughout the property, Montelucia is an enchanting resort destination that boasts 293 luxuriously appointed guestrooms, the Moroccan-inspired Joya Spa, six tempting dining options including the critically-acclaimed Prado restaurant, a myriad of radiant pools and breathtaking views of Camelback Mountain.

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 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 6 of 29
Sector: Leisure M&A 6 of 28
Type: Add-on Acquisition M&A Deals 6 of 20
State: California M&A 2 of 7
Country: United States M&A 5 of 24
Year: 2013 M&A 6 of 7
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-20 Invited

Irving, Texas, United States

Invited owns and operates golf, country, business, sports, and alumni clubs. Invited owns or operates a portfolio of over 200 golf and country clubs, business clubs, sports clubs, and alumni clubs in 28 states, the District of Columbia and two foreign countries that serve over 430,000 members, with approximately 20,000 peak-season employees. Invited was founded in 1957 and is based in Irving, Texas.

Sell -