DENVER-November 26, 2014–De Vere Group and KSL Capital Partners, LLC (KSL), are pleased to announce that an affiliate of KSL has acquired Village Urban Resorts (Village) from De Vere Group. KSL, headquartered in Denver, Colorado with an office in London, is a U.S. private equity firm dedicated to investing in travel and leisure businesses.
With 25 existing properties and three new properties under development, the transaction will further Village’s position as a leading hotel and lifestyle company within the UK. KSL is committed to growing the business by both reinvigorating the existing portfolio and expanding into new markets. Three new Village locations are scheduled to open shortly in Aberdeen, Glasgow and Edinburgh.
Village is known for providing an array of amenities for business and leisure travelers, its members and the community, from hotel accommodations and health and fitness centers to business services, dining options and meeting and event space.
“Village occupies a unique position in the UK market because of all it has to offer consumers,” said Coley Brenan, a principal at KSL. “With a very strong following and thousands of loyal members, we believe Village has tremendous potential for future growth. We are very pleased to add Village to KSL’s portfolio of investments in the UK.”
Gary Davis, who previously served as CEO of Malmaison and Hotel du Vin, will serve as CEO of Village. Davis previously oversaw the expansion of Village from 2007 to 2011 and the global expansion programs at Hard Rock Café and Planet Hollywood.
For more information, please visit www.village-hotels.co.uk.
