Posted on: January 28, 2013
Private equity pros are hitting the road, and they might make a long stay of it. And why not: with investment opportunities on the links, on the slopes and in the sand, they’ve got an opportunity to mix R&R with IRR. peHUB breaks down some of the biggest “suite” deals for PE from the last 12 months in today’s slideshow.
1. Bain Joins the Club
2. The Usual Suspects
3. PE Goes to Bangkok
4. Deep in the Heart of Texas
5. Allons-y!
Earlier this month, Bain Capital struck a deal with AMResorts, buying into properties from Mexico to the Dominican Republic to Jamaica. Bain has not been a regular in the luxury resort space, according to Thomson Reuters’ data. Terms weren’t publicized.
Image Credit: AMResorts
KSL Capital Partners LLC acquired Grove Park Inn Resort & Spa, an Asheville, North Carolina- based owner and operator of hotel and resort, from Sammons Enterprises, in May 2012. KSL is a regular investor in the space, Thomson Reuters’ data shows.
Image Credit: Grove Park Inn Resort & Spa
Pegasus Capital Advisors LP of the US acquired Six Senses Resorts & Spas, a Bangkok-based owner and operator of hotels, in a leveraged buyout transaction. Terms were not disclosed.
Image Credit: Six Senses
Carlyle Group has been making a few buys in the space. In July, the PE firm invested in Lakeway Resort & Spa, in Austin, Texas. Other deals include the Club de Golf Novo Sancti Petri de Cadiz in Spain, according to Thomson Reuters data.
Image Credit: Lakeway
Perseus Capital Partners Ltd, a unit of Perseus LLC, bought French hotel operator Hotel des Trois Vallees SAS, Hotel Fitz Roy SASU, for about $2 million from Lodges & Mountain Hotels in December 2012, according to Thomson Reuters data.
Image Credit: Shutterstock.com
Image Credit: Shutterstock.com
