Latest news: KSL closes $2B fund; Janu debuts; JW Marriott to Greece

KSL closes $2B PE fund. Denver-based KSL Capital Partners has completed the final closing of its latest travel and leisure-focused private equity fund, KSL Capital Partners VI, L.P., which closed on approximately $2 billion in capital commitments. The fund is backed by state and corporate pension funds, sovereign wealth funds, endowments, foundations, insurance companies, asset managers and family offices. Since October 2001, KSL has raised over $10.5 billion across private equity, credit and tactical opportunities. 

First JW Marriott in Greece. Marriott International has signed an agreement with Vasilakis SA to bring the JW Marriott brand to Greece. The 160-key JW Marriott Crete Resort & Spa is scheduled to open in 2025, and Athens-based SWOT Hospitality will manage the property.

Janu debuts in Toyko. Baar, Switzerland-based Aman Group is opening its first Janu hotel in Tokyo. The 122-key Janu Toyko has a 43,000 sq. ft. spa and wellness center. Aman has a pipeline of 12 more properties for the new brand.

Numa acquires London hotel. Berlin-based Numa Group, in partnership with London-based New World Hospitality, has acquired the 86-key Bedford Corner Hotel in London from an undisclosed buyer for an undisclosed amount. The hotel, Numa’s first in London, will be renovated and rebranded as NUMA Bloom. Numa now has a presence in 33 cities and 15 countries in Europe. Knight Frank assisted with the transaction.

First Fusion Suites in Thailand. Vietnam-based Fusion Hotel Group is opening its first Fusion Suites property in Phuket, Thailand, with the 141-key Fusion Suites Phuket Patong.

Record 2023 revenue for Generator, Freehand. London-based sister hospitality brands Generator and Freehand both announced record financial results for 2023, with a 15% increase in revenue and a 28% increase in EBITDA year-over-year. Both brands reported a 55% increase in business on the books in the portfolio. Generator has also expanded its portfolio this year with its first third-party management agreements for Berlin Alexanderplatz in Germany and The Paramount Hotel in New York, opening in March and May, respectively.

IHCL adds in India. Indian Hotel Co. Ltd. is adding a new Taj hotel in Indore, Madhya Pradesh. IHCL is partnering with Manikaran Commercials Private Ltd. on the 350-key hotel, which will be one the largest convention facilities in Central India. This will be IHCL’s 12th hotel in Madhya Pradesh, including four under development.

Accor adds in Türkiye. Accor has signed a partnership with Prince Group to add its first Mövenpick Resort in Türkiye. The 383-key Mövenpick Resort Antalya Tekirova is scheduled to open in the second quarter of 2024.

Valor Hospitality creates new F&B arm. Atlanta-based Valor Hospitality Partners has created a new food and beverage arm called SAVOR that will allow Valor to expand into managing and creating standalone restaurants, cafes and bars that are not within a hotel or resort. Currently, Valor Hospitality has more than 35 bars, bistros and restaurants in 30 cities worldwide.