KSL ACQUIRES VILLAGE URBAN RESORT CHAIN

After buying De Vere Group's Malmaison and Hotel du Vin chains in the UK last year, US-based private equity firm KSL Capital Partners has now acquired De Vere's portfolio of Village Urban Resort hotels in the UK for £485 million. The price reflects an average of €156,000 per room, with the Village group comprising 3,100 rooms in 25 properties with three under construction. KSL also acquired the 46-room Cannizaro House Hotel in Wimbledon earlier this month for an undisclosed price, and will now undertake a €1 million renovation, increasing the Hotel du Vin portfolio to 16 properties across the UK.

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