KSL Capital Partners acquires Les Hôtels d'en Haut (France)
Enters French market with portfolio of five luxury hotels in leading upscale destinations |
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KSL Capital Partners acquires Les Hôtels d'en Haut (France)
Enters French market with portfolio of five luxury hotels in leading upscale destinations |
Category: Europe - France - Industry economy
- Group or hotel buyout
This is a press release selected by our editorial committee and published online for free on 2019-08-05
KSL Capital Partners, LLC (KSL) announced today the acquisition of Les Hôtels d’en Haut (”the Company”) through an affiliate, from Perseus Group, a European hotel developer, owner and operator, for an undisclosed amount. This is KSL’s first significant acquisition in continental Europe.
Les Hôtels d’en Haut operates five boutique hotels in premier leisure markets across France. Located in the French Alps, the world’s leading luxury skiing destination, Hôtel Le Val Thorens, Hôtel Le Fitz Roy in Val Thorens, and Hôtel des 3 Vallées in Courchevel, allow guests ski-in/ski-out resort accessibility. The mountain retreat setting of Hôtel Alpaga in Megève faces Mont Blanc, affording guests spectacular views and access to the slopes of Megève. Hôtel Les Roches Rouges, in Saint-Raphaël on the French Riviera, offers a private seafront and direct sea access.
Eric Darde will serve as the Company’s President and COO, continuing to grow his leadership role which began in 2014. Eric said, “Les Hôtels d’en Haut is a group of extraordinary properties, made better by very high standards upheld by our committed team members. KSL has owned and operated some of the most prestigious properties in the world, including many in mountain and beach locations. We could not be more fortunate to have a company such as KSL to invest in and help to grow our Company.”
“At KSL Capital Partners, our primary focus is to invest in travel and leisure properties, and we understand the importance of hotels to their local community,” said Martin Edsinger, Senior Vice President at KSL. “Les Hôtels d’en Haut is a hotel company that truly celebrates the desire to travel. We are very excited to step into the stewardship of Les Hôtels d’en Haut and look forward to not only investing in these hotels but bringing the Les Hôtels d’en Haut to new locations with the same ethos.”
Each hotel has a strong identity, inspired by local architecture that mirrors the beauty and history of their individual locations. With a range of 30 to 80 rooms and suites, the portfolio includes a total of 245 hotel rooms. The Les Hôtels d’en Haut brand offers distinctive food and beverage spaces to serve guests and the local clientele. Among the eight full-service restaurants in the portfolio, two have earned a Michelin Star rating – Hôtel Alpaga’s La Table de L’Alpaga and La Terrasse at Hôtel Les Roches Rouges. Luxury amenities at each hotel also include spa services, concierge services, special events, and of course access to the wonders of nature that surround them.
About Les Hôtels d’en Haut Les Hôtels d’en Haut’s hotels offers the opportunity to discover authentic experiences in unique destinations, where the staff embody the values of service and hospitality that have become its trademark. Choosing to stay in a Les Hôtels d’en Haut hotel means first deciding on the destination: snowcapped peaks or the sun-kissed shores of the Mediterranean, where every piece of the experience conjures its own adventure and the chance to indulge in luxurious calm and to absorb the stunning nature of each place.
About KSL Capital PartnersKSL Capital Partners, LLC is a private equity firm specializing in travel and leisure enterprises in five primary sectors: hospitality, recreation, clubs, real estate and travel services. KSL has offices in Denver, Colorado; Stamford, Connecticut; and London. Since 2005, KSL has raised approximately $12 billion of capital across both debt and equity funds. KSL's current portfolio includes some of the premier properties in travel and leisure.
About Perseus GroupFor more information, please visit www.perseuscp.com.
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