Affiliates of KSL Capital Partners LLC have acquired The Westin Hilton Head Island Resort & Spa through its Tactical Opportunities Fund. Terms of the transaction were not disclosed.
Located on a stretch of South Carolina’s Atlantic coastline, the property is an oceanfront resort offering a restorative Lowcountry experience rooted in wellness and coastal charm. The resort features 420 recently refreshed guestrooms and suites with beach-inspired décor, private balconies and ocean views. Guests enjoy direct beach access, three outdoor pools, the Heavenly Spa by Westin and farm-and-sea-to-table dining across several elevated restaurants.
With nearly 40,000 sq. ft. of flexible indoor and outdoor event space and curated offerings, the resort is suited it gatherings of up to 1,000 guests. Since 2012, it has benefited from more than $47 million in capital enhancements.
“Well-maintained and strategically located in one of the Southeast’s most sought-after leisure destinations, The Westin Hilton Head is exactly the kind of high-quality, experience-driven destination we look to support at KSL,” said Dan Rohan, partner/head, tactical opportunities, KSL. “It’s one of the grand dames of the region, and we’re focused on building on the resort’s legacy and finding new ways to further elevate this beloved coastal destination.”
KSL’s Tactical Opportunities platform provides strategic partnership capital to differentiated travel and leisure businesses outside the firm’s traditional equity and credit mandates. The platform is supported by a seasoned group of investors and operators and leverages KSL’s deep sector expertise, global network and integrated approach across its synergistic equity, credit and tactical opportunities strategies.
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Source: hotelbusiness.com
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