M&A Deal Summary

Pebblebrook Hotel Acquires Margaritaville Hollywood Beach Resort

On September 23, 2021, Pebblebrook Hotel acquired leisure company Margaritaville Hollywood Beach Resort from KSL Capital Partners for 270M USD

Acquisition Highlights
  • This is Pebblebrook Hotel’s 1st transaction in the Leisure sector.
  • This is Pebblebrook Hotel’s 2nd largest (disclosed) transaction.
  • This is Pebblebrook Hotel’s 4th transaction in the United States.
  • This is Pebblebrook Hotel’s 1st transaction in Florida.

M&A Deal Summary
Date 2021-09-23
Target Margaritaville Hollywood Beach Resort
Sector Leisure
Buyer(s) Pebblebrook Hotel
Sellers(s) KSL Capital Partners
Deal Type Add-on Acquisition
Deal Value 270M USD

Target

Margaritaville Hollywood Beach Resort

Hollywood, Florida, United States
Margaritaville Hollywood Beach Resort is the flagship property to an internationally recognized brand synonymous with a casual-luxe lifestyle, is located on 6.2 oceanfront acres, along 450 linear feet of direct beach frontage, and is the focal point of the famous Hollywood Beach Broadwalk. Margaritaville Hollywood Beach Resort was founded in 2015 and is based in Hollywood, Florida.

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Buyer(S) 1

Buyer

Pebblebrook Hotel

Bethesda, Maryland, United States
Category Company
Founded 2009
Sector Real Estate
Employees60
Revenue 1.4B USD (2023)
DESCRIPTION

Pebblebrook Hotel is a publicly traded real estate investment trust (“REIT”) organized to opportunistically acquire and invest primarily in upper upscale, full service hotels located in urban markets in major gateway cities. The Company owns 24 hotels, comprised of 18 wholly owned hotels, with a total of 4,420 guest rooms and a 49 percent joint venture interest in six hotels with 1,733 guest rooms. Pebblebrook Hotel was founded in 2009 and is based in Bethesda, Maryland.

DEAL STATS #
Overall 4 of 5
Sector (Leisure) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Florida) 1 of 1
Country (United States) 4 of 5
Year (2021) 1 of 2
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-06 LaSalle Hotel Properties

Bethesda, Maryland, United States

LaSalle Hotel Properties is a multi-operator real estate investment trust. The Company owns 44 hotels. The properties are upscale, full-service hotels, totaling more than 11,100 guest rooms in 13 markets in 9 states and the District of Columbia. The Company focuses on owning, redeveloping and repositioning upscale, full-service hotels located in urban, resort and convention markets.

Buy $5.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 Estancia

La Jolla, California, United States

Estancia is located in the heart of the affluent coastal La Jolla market. The resort is a short walk from Black’s Beach, next door to the world-renowned Salk Institute for Biological Studies, and adjacent to the University of California, San Diego. This attractive resort contains 210 spacious guestrooms and suites and over 50,000 square feet of indoor and outdoor meeting and event space (originally built as a conference center) surrounded by charming courtyards and verdant gardens perfect for leisure travelers, weddings, and corporate groups.

Buy $108M

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 17 of 19
Sector (Leisure) 17 of 19
Type (Add-on Acquisition) 13 of 13
State (Florida) 3 of 3
Country (United States) 15 of 16
Year (2021) 3 of 4
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-15 Apple Leisure Group

Newtown Square, Pennsylvania, United States

Apple Leisure Group is a vertically integrated travel and hospitality company focused on packaged travel and resort/brand management in Mexico and the Caribbean. Apple Leisure Group was founded in 1969 and is based in Newtown Square, Pennsylvania.

Sell $2.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-06 Four Points

Sydney, Australia

Four Points is a hotel that features 297 guest rooms, including 45 suites. Amenities include a bar, restaurant, fitness center, 50 dedicated car parking spaces and over 500 sqm of conference and meeting space. Four Points was opened in 2018 and is based in Sydney, Australia.

Buy -
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