Checking in? LBO Shops Pile into Resorts

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.


[slide title=”1. Bain Joins the Club”]

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

[slide title=”2. The Usual Suspects”]

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

[slide title=”3. PE Goes to Bangkok”]

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

[slide title=”4. Deep in the Heart of Texas”]

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

[slide title=”5. Allons-y! “]

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.

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