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.).
Grove Park Inn
For more information, call (866) KSL-7727 or visit www.kslresorts.com.
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.
Murphy O’Brien Public Relations
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
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
Hotels and Resorts Completes Recapitalization of the Hotel Del
Coronado; Establishes New Joint Venture with Blackstone Real Estate
Advisors and KSL Resorts / February 2011