Latest news with #KSLCapitalPartners
Skift
28-05-2025
- Business
- Skift
KSL Capital Partners Takes Majority Stake in Soneva
Sri Lanka's Tourism Minister announced the country is on track to achieve $5 billion in tourism revenue this year, driven by political stability and rapid growth in visitor arrivals. In 1Q25, Sri Lanka generated $1.2 billion in tourism revenue with expectations of $2.5 billion by mid-year. They will welcome their one millionth visitor of the year this week, nearly a month ahead of last year's timeline. 91,785 visitors arrived in the first 21 days of May. Singapore's Changi Airport set a new all-time record for passenger movements in 2024, up 9% year on year to 68.4 million. Following an initial investment in 2019, KSL Capital Partners exercised its right to convert securities to take a majority interest in sustainable luxury hotel brand Soneva. The Shivdasanis, the founders, will retain a stake. Neil Gallagher was appointed CEO of Soneva, coming to them from Clermont Hotel Group, where he was CEO and CFO. Marriott International, Inc. announced the global launch of its new collection brand for the midscale and upscale lodging segments, Series by Marriott, as the company continues to expand its lodging offerings around the world. Series by Marriott marks its initial launch through a founding deal with Concept Hospitality Private Limited (CHPL) in India, a key growth market for Marriott. Under the strategic agreement between CHPL and Marriott, CHPL's flagship brands, The Fern, The Fern Residency, and The Fern Habitat, will affiliate with Series by Marriott on an exclusive basis across India, and Marriott will make a small equity investment in CHPL. The Fern portfolio is currently comprised of 84 open properties and 31 executed pipeline deals, totaling 115 properties and approximately 8,000 rooms. Fern properties are expected to join Marriott's portfolio in India over time following discussions with the third-party hotel owners and execution of long-term franchise agreements with those owners. Boutique Corporation Public Company Limited signed a development and management agreement with Marriott International to launch the new JW Marriott Hotel Bangkok Sukhumvit 24, located in the Phrom Phong district. The 5-star development is one of Boutique Corporation's largest projects to date. The hotel is to be set on over 3 rai of prime land in central Sukhumvit and include premium guest rooms, fine dining restaurants, meeting and conference facilities, a grand ballroom, and a rooftop bar and restaurant with panoramic views of Bangkok. Construction is expected to begin in 2026 with an opening in 2030. Pontiac Land Group announced the official naming of the former Department of Lands building in Sydney, Australia, as The Lands by Capella. The Lands by Capella and existing Capella Sydney will be known as The Sandstone Precinct. The two Sandstone buildings mark Pontiac Land Group's first mixed-use development in Australia and are one of the largest privately funded tourism infrastructure projects in NSW. The Lands by Capella is expected to open in a heritage-listed building in 1Q 2026. It will offer approximately 10,000 square meters of luxury retail, refreshing F&B concepts with rooftop dining and large-scale event spaces, and be home to Florence Guild's newest venture, The Sandstones Club by Florence Guild. The 144-room Sebel Canberra Civic in Australia is on the market, six years after its opening. The hotel is located in the heart of the city, opposite the Legislative Assembly, occupying levels 1-9 of the 10-story building with 144 upscale, self-contained apartment-style guest rooms. Colliers is marketing the hotel for sale, expecting it to have a sale price of $50 million. Partnering with JH Group, IHG Hotels & Resorts will open voco Darwin Suites in the heart of the city's CBD, within walking distance to Darwin Convention Centre in Darwin, Australia. The 87-room voco Darwin Suites will be converted from a repurposed commercial office building and features an all-day dining restaurant, meeting space, fitness center, and outdoor pool. Radisson Hotel Group announced the opening of Radisson Blu Hotel, Shanghai Stadium, situated in the heart of Xujiahui Sports Park. The hotel features 208 rooms and suites, occupying floors 6 to 12 of Shanghai Stadium with sizes ranging from 38 to 200 square meters. The hotel includes nearly 1,000 square meters of meeting and events spaces, three distinct dining venues, and a fitness center with a hyperbaric oxygen chamber, workout facilities, and a swimming pool. Radisson Hotel Group also said they opened five new hotels in India in the first half of 2025 in Jamshedpur, Yelahanka, Koti, Gaj, and Prayagraj. They also signed three new hotels in the Eastern region. Hotel Deoghar in Jharkhand, Radisson RED Puri in Odisha, and Radisson Resort and Spa, Ranchi in Jharkhand are the new signings with a combined key count of 400. I.P. Constructions Private Limited announced the grand opening of Ramada by Wyndham Ghaziabad Vasundhara, a hotel located in the hub of Ghaziabad, India. The 160-room property has been years in the making. Thailand's Deputy Finance Minister Julapun Amornvivat continues to be the lead guy in trying to sway public opinion on the proposed Entertainment Casino Complexes that are expected to be approved by lawmakers in July, despite local opposition. He said his conversations with international hotel casino companies led him to believe the investments could reach US$6.2 to US$9 billion each, up from the expected US$3.1 billion. He did leave out the caveat that these companies are demanding ultra-low tax rates, a liberal policy to allow locals to gamble, and support from the government. The Bangkok Post painted a bit of a different picture, saying tensions are rising between the ruling Pheu Thai Party and coalition party Bhumjaithai. Remember that the coalition partner had a very outspoken comment against the entertainment complexes, even though they are supposed to be partners with the ruling party. The newspaper said the Bhumjaithai may not support the 2026 budget bill. OYO is said to have started discussions with bankers for yet another attempt at an IPO. This time, they are targeting a listing in the final quarter of the current financial year. Preliminary discussions with bankers have suggested a potential valuation of US$6 to US$7 billion for the IPO. OYO is engaging with both Indian and international banking institutions and aims to file the DRHP documents between August and September.
Yahoo
26-05-2025
- Business
- Yahoo
KSL Capital Partners acquires majority interest in Soneva Group
An affiliate of alternative investment firm KSL Capital Partners has acquired a majority interest in Soneva Group, a company in sustainable luxury hospitality operating since 1995. The firm exercised its right to convert certain securities, following its initial minority investment in November 2019. This move reinforces KSL's commitment to Soneva's strategy and its unique position in the luxury experiential travel market. Neil Gallagher has been named CEO of Soneva, bringing over 20 years of international hospitality experience from the US, Europe, the Middle East, and the Caribbean. His previous roles include positions at Clermont Hotel Group, IHG Hotels & Resorts, and Marriott Vacation Club International. Soneva's portfolio includes Soneva Fushi, Soneva Jani, Soneva Secret, and the Soneva in Aqua yacht in the Maldives. KSL Capital Partners focuses on investments in the travel and leisure sectors, including hospitality, recreation, clubs, real estate, and travel services. With equity, credit, and tactical opportunities funds, KSL has a global portfolio of resorts and hospitality brands. Earlier this month, KSL also broadened its presence in Europe by acquiring JW Marriott Venice Resort & Spa from Aareal Bank Group, a property banking specialist. This marks the first equity investment by KSL's European Capital Solutions platform, targeting high-quality urban and resort developments in Europe. In July 2023, a KSL affiliate bought a significant stake in Sereno Hotels, founded by the Contreras family and known for its ultra-luxury hotels Il Sereno and Le Sereno in Italy. The sum for this acquisition has not been disclosed. "KSL Capital Partners acquires majority interest in Soneva Group" was originally created and published by Hotel Management Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
23-05-2025
- Business
- Yahoo
KSL Capital Partners Has Taken a Majority Stake in Soneva
DENVER, May 23, 2025 /PRNewswire/ -- KSL Capital Partners, LLC ("KSL"), a leading alternative investment firm, today announced that an affiliate has taken a majority interest in the Soneva Group ("Soneva"), a pioneer in sustainable luxury hospitality since 1995 with award-winning resorts in the Maldives, following the exercise of its right to convert certain securities. The transaction builds on the firm's initial minority investment in November 2019 and underscores KSL's continued conviction in Soneva's long-term strategy and differentiated approach to ultra-luxury experiential travel. To help lead the next phase for Soneva, Neil Gallagher has been appointed Chief Executive Officer of Soneva. A seasoned international hospitality leader, Mr. Gallagher brings more than two decades of experience across Europe, the Middle East, the U.S. and the Caribbean. He previously served as CEO and CFO of Clermont Hotel Group (formerly glh Hotels Management) and held leadership roles at IHG Hotels & Resorts, including CFO, Europe. Earlier in his career, Mr. Gallagher held leadership positions at Marriott Vacation Club International. About SonevaFounded in 1995, Soneva is a pioneering, award-winning luxury resorts operator. At Soneva Fushi, Soneva Jani, Soneva Secret and the Soneva in Aqua yacht in the Maldives, true 'luxury' is defined by peace, time and space. Guests discover the SLOW LIFE, reconnecting with themselves and the natural world through rare, unforgettable experiences. Soneva is a pioneer for responsible tourism, combining sustainability with exquisite hospitality and intuitive, personalized service. About KSL Capital Partners KSL 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; New York, New York; and London, England. KSL invests across three primary strategies through its equity, credit and tactical opportunities funds. KSL's current portfolio includes some of the premier properties in travel and leisure. KSL has spent more than three decades investing in luxury and experiential travel, building a leading global portfolio of high-end resorts, destination experiences and hospitality brands. With deep sector expertise and an expansive international footprint, the firm brings significant scale and experience to the global Travel & leisure sector, along with differentiated insight into the ultra-luxury hospitality market. For more information, please visit Media ContactKate Thompson / Erik CarlsonJoele Frank, Wilkinson Brimmer KatcherKSL-JF@ 355-4449 View original content: SOURCE KSL Capital Partners Sign in to access your portfolio
Associated Press
23-05-2025
- Business
- Associated Press
KSL Capital Partners Has Taken a Majority Stake in Soneva
DENVER, May 23, 2025 /PRNewswire/ -- KSL Capital Partners, LLC ('KSL'), a leading alternative investment firm, today announced that an affiliate has taken a majority interest in the Soneva Group ('Soneva'), a pioneer in sustainable luxury hospitality since 1995 with award-winning resorts in the Maldives, following the exercise of its right to convert certain securities. The transaction builds on the firm's initial minority investment in November 2019 and underscores KSL's continued conviction in Soneva's long-term strategy and differentiated approach to ultra-luxury experiential travel. To help lead the next phase for Soneva, Neil Gallagher has been appointed Chief Executive Officer of Soneva. A seasoned international hospitality leader, Mr. Gallagher brings more than two decades of experience across Europe, the Middle East, the U.S. and the Caribbean. He previously served as CEO and CFO of Clermont Hotel Group (formerly glh Hotels Management) and held leadership roles at IHG Hotels & Resorts, including CFO, Europe. Earlier in his career, Mr. Gallagher held leadership positions at Marriott Vacation Club International. About Soneva Founded in 1995, Soneva is a pioneering, award-winning luxury resorts operator. At Soneva Fushi, Soneva Jani, Soneva Secret and the Soneva in Aqua yacht in the Maldives, true 'luxury' is defined by peace, time and space. Guests discover the SLOW LIFE, reconnecting with themselves and the natural world through rare, unforgettable experiences. Soneva is a pioneer for responsible tourism, combining sustainability with exquisite hospitality and intuitive, personalized service. About KSL Capital Partners KSL 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; New York, New York; and London, England. KSL invests across three primary strategies through its equity, credit and tactical opportunities funds. KSL's current portfolio includes some of the premier properties in travel and leisure. KSL has spent more than three decades investing in luxury and experiential travel, building a leading global portfolio of high-end resorts, destination experiences and hospitality brands. With deep sector expertise and an expansive international footprint, the firm brings significant scale and experience to the global Travel & leisure sector, along with differentiated insight into the ultra-luxury hospitality market. For more information, please visit Media Contact Kate Thompson / Erik Carlson Joele Frank, Wilkinson Brimmer Katcher [email protected] (212) 355-4449 View original content: SOURCE KSL Capital Partners
Yahoo
02-05-2025
- Business
- Yahoo
KSL Capital Partners completes acquisition of JW Marriott Venice Resort & Spa
Alternative investment business KSL Capital Partners has expanded its European footprint with the acquisition of the JW Marriott Venice Resort & Spa from Aareal Bank Group, a specialist property bank. This transaction marks the first equity investment completed by KSL's European Capital Solutions platform, which targets travel and leisure assets with a focus on 'high-quality' urban and resort developments in Europe. Located on its private island, Isola delle Rose, the JW Marriott Venice is a five-star luxury hotel that opened in 2015. Designed by architect Matteo Thun, the resort features 266 modern rooms and suites, including the Uliveto Retreat. The property features six restaurants, conference spaces, and claims to have the largest spa in Venice, offering guests a blend of wellness, culinary experiences, and hospitality amidst a backdrop of historic significance. The resort offers a variety of amenities such as a rooftop pool with views, Mediterranean gardens, a historic church, a kids' club, padel courts, the Sapori Cooking Academy and is pet friendly. KSL partner Martin Edsinger said: "With its private island setting and strong performance, coupled with Venice's enduring appeal to luxury travellers, the JW Marriott Venice exemplifies the type of irreplaceable real estate we seek to invest in." "We are excited to further elevate this remarkable resort through thoughtful investment and enhancements that will enrich the guest experience and ensure the JW Marriott Venice continues to stand apart as one of Europe's premier destinations." Last June, Blackstone Real Estate, part of the global investment company Blackstone, announced the acquisition of Village Hotels from affiliates of KSL Capital Partners. Furthermore, in the same month, Leonardo Hotels agreed to acquire Zien Group and 12 hotels in the Netherlands from affiliates of KSL Capital Partners and its partner Garden Capital Group. "KSL Capital Partners completes acquisition of JW Marriott Venice Resort & Spa" was originally created and published by Hotel Management Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
