KSL Capital Partners exits Montelucia Resort & Spa

23

monteluciaPrivate equity firm KSL Capital Partners has exited its investment in luxury hotel Montelucia Resort & Spa.

The Scottsdale, Arizona-based hotel became the sixth property sold by KLS to Omni Hotels & Resorts following its acquisition of five resorts from the firm in July last year.

Omni Hotels & Resorts president Mike Deitemeyer said, “The Montelucia is an exquisite addition to our already impressive collection of high-end resort properties.

“The property is a top attraction for guests seeking a blend of gracious hospitality, personalized service and innovative cuisine.”

In the meantime, KSL has raised $378.5m for its first credit fund.

Copyright © 2014 AltAssets