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KSL Resorts Officially Assumes Management of the 512-room
Grove Park Inn Resort & Spa in Asheville, North Carolina


$25 million Renovation Planned for 2013

LA QUINTA, Calif.--(May 2, 2012)--KSL Resorts announced today that it will manage the historic Grove Park Inn Resort & Spa in Asheville, N.C., which was recently acquired by KSL Capital Partners.

One of the most iconic resorts in the United States, the 512-room Grove Park Inn sits between the majestic Blue Ridge and Great Smoky Mountains in Asheville, North Carolina. As part of the resort’s Centennial celebration next year, KSL Capital Partners, in conjunction with KSL Resorts, is planning an extensive $25 million renovation of the resort’s public areas, guest rooms, dining outlets, meeting spaces and spa that will honor the historic style of the resort while enhancing the guest experience.

“We are honored to add such an iconic property to our portfolio of great American resorts,” said Scott Dalecio, president and CEO of KSL Resorts. “We take great pride in stewardship of the Grove Park Inn Resort & Spa and know that our investment and plans for improvement will have a positive long-term impact on the staff and local economy.”

In addition to 512 guest rooms, the Grove Park Inn features 24 luxury residences of The Fitzgerald. Thoughtfully designed and impeccably crafted, the exclusive residences of The Fitzgerald offer two-or three-bedroom residences that range in size from 1,969 to 2,843 square feet and provide stellar views of the Blue Ridge and Great Smoky Mountains.

KSL Resorts has extensive experience in owning and operating renowned properties such as The Grove Park Inn, and has managed significant renovations and transformations of historic resorts such as Grove Park. KSL Resorts’ current portfolio consists of Hotel del Coronado (San Diego, Calif.), Beach Village at The Del (San Diego, Calif.), La Costa Resort and Spa (Carlsbad, Calif.), Rancho Las Palmas Resort & Spa (Rancho Mirage, Calif.), Montelucia Resort & Spa (Scottsdale, Ariz.), Vail Mountain Lodge & Spa (Vail, Colo.), Barton Creek Resort & Spa (Austin, Texas) and The Homestead (Hot Springs, Va.).

About The Grove Park Inn
Constructed in 1913, the resort features 512 rooms, one of the country’s most widely acclaimed spas, eight dining outlets and seven retail outlets, an 18-hole Donald Ross-designed golf course, a 50,000 square foot sports complex, and 55,000 square feet of meeting space with 42 meeting rooms. Nestled in the Blue Ridge Mountains, just beyond the energy of downtown Asheville, North Carolina, The Grove Park Inn is sanctuary for the soul. Enchanting mountain vistas, lush green fairways, warm Southern charm, and passionate hospitality make The Grove Park Inn an oasis for family vacations and romantic getaways. Listed on the National Register of Historic Places and one of Travel + Leisure’s Top Spa Resorts in the country, The Grove Park Inn is the place to relax, rejuvenate, explore, play, eat and celebrate. To learn more about the Grove Park Inn, please visit www.groveparkinn.com.

About The Fitzgerald
The Fitzgerald features 24 luxury residences adjacent to the Grove Park Inn Resort & Spa in Asheville, N.C. Located on Macon Avenue, The Fitzgerald boasts private parking, semi-private elevators, designer finishes and incredible views of downtown Asheville and The Grove Park Inn’s award-winning golf course. The two-and three-bedroom residences range from 1,969 to 2,843 square feet, and are priced from $1.3 million. Through the Grove Park Inn Community Membership, Fitzgerald owners have full access to Grove Park Inn amenities including golf, dining, fitness and spa services. For additional information on The Fitzgerald, please visit www.thefitzgerald.info.

About KSL Resorts
Founded in 1992, KSL Resorts manages nine time-honored resorts with outstanding recreational amenities including spa, golf, tennis and ski. Each is refined yet unpretentious, rich in legacy and genuine in service. The KSL Resorts portfolio of properties includes:

  • Hotel del Coronado (San Diego, Calif.)
  • Beach Village at The Del (San Diego, Calif.)
  • La Costa Resort and Spa (Carlsbad, Calif.)
  • Rancho Las Palmas Resort & Spa (Rancho Mirage, Calif.)
  • Montelucia Resort & Spa (Scottsdale, Ariz.)
  • Vail Mountain Lodge & Spa (Vail, Colo.)
  • Barton Creek Resort & Spa (Austin, Texas)
  • The Homestead (Hot Springs, Va.)
  • The Grove Park Inn Resort & Spa (Asheville, N.C.)

For more information, call (866) KSL-7727 or visit www.kslresorts.com.

About KSL Capital Partners
KSL 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 and New York.

KSL’s current portfolio includes some of the premier properties in travel and leisure, including The Homestead, Montelucia Resort & Spa, Barton Creek Resort & Spa, Rancho Las Palmas Resort & Spa, The Royal Palm, La Costa Resort and Spa, and ClubCorp, one of the world’s largest owners of private golf and business clubs. KSL also owns other premier recreation businesses, including Squaw Valley and Alpine Meadows, two of the leading ski resorts in North America; Western Athletic Clubs, the owner and operator of luxury fitness clubs on the West Coast; and Orion Expedition Cruises, a luxury expedition cruise operator based in Sydney, Australia. For more information on KSL, please visit www.kslcapital.com.



Contact:

Murphy O’Brien Public Relations
Heidi Baldwin, 310-586-7129
hbaldwin@murphyobrien.com


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Also See: KSL Capital Partners Enters Into Agreement to Acquire the Historic 512-room Grove Park Inn Resort & Spa in Ashville, North Carolina From an Affiilate of Sammons Enterprises, Inc.; $25 million Renovation Planned for 2013 / April 2012

KSL Capital Partners Acquires the Royal Palm Hotel in South Beach, Florida for $130 million, or Roughly $318,000 per key; Plans Include Complete Renovation and Rebranding as The James Royal Palm; Denihan Hospitality to Remain as Property Management Firm / April 2011

Strategic Hotels and Resorts Completes Recapitalization of the Hotel Del Coronado; Establishes New Joint Venture with Blackstone Real Estate Advisors and KSL Resorts / February 2011


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