KSL acquires Westin Hilton Head Resort

HILTON HEAD, South Carolina — Denver-based KSL Capital Partners, through an affiliate, has acquired the 420-key Westin Hilton Head Island Resort & Spa in South Carolina through its Tactical Opportunities Fund. Neither the seller nor the amount of the deal was disclosed.

Located on South Carolina’s Atlantic coastline, The Westin Hilton Head features recently refreshed rooms with beach-inspired décor, private balconies and ocean views. The property also has three outdoor pools, a Heavenly Spa by Westin and farm-and-sea-to-table dining across its F&B selections. The property has nearly 40,000 square feet of flexible indoor and outdoor event space, which can accommodate up to 1,000 guests.

Since 2012, the property has had more than $47 million in capital enhancements.

KSL’s Tactical Opportunities platform provides strategic partnership capital to differentiated travel and leisure businesses outside the firm’s traditional equity and credit mandates.

“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 and head of tactical opportunities at 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 and its affiliates have had an active acquisition year. In June, Tortuga Resorts, a joint venture between an affiliate of KSL and Mexican family office Rodina, bought 15 Caribbean all-inclusive assets that were formerly owned by Playa Hotels & Resorts from Hyatt for $2 billion.

In May, KSL took control of another high-profile boutique hotel brand, having increased its stake to become the majority owner of the sustainable luxury hotel brand Soneva, which was founded in 1995 by Sonu and Eva Shivdasani.