Private equity firm KSL Capital Partners has acquired the Martin Resorts Collection and its five independent, boutique hotels.
The five hotels totaling 346 rooms are located on California’s central coast between Los Angeles and San Francisco, according to a news release. They include the 54-key Avila Lighthouse Suites, the 70-key Pismo Lighthouse Suites, the 100-key Shore Cliff Hotel, the 98-key Paso Robles Inn and the 24-key Piccolo.
The terms of the deal were not disclosed. KSL Capital Partners intends to invest in the portfolio and to expand guest amenities. KLS Resorts will manage the hotels.
Mike Mohapp, partner at KSL, said in the release his company will continue the traditions of Martin Resorts and its founding family.
“We intend to fulfill the mission of the Martin family, and we look forward to building on this legacy through investments in these wonderful properties," he said.
In a separate news release about the management deal, KSL Resorts President and CEO Scott Dalecio said the company will focus on unique programming and activation strategies for each of the hotels.
“The Martin Resorts properties all glide perfectly into our portfolio,” he said. “Like many of the other world-class resorts in our collection, each of these welcoming properties has much to offer its guests from proximity to hiking trails to ocean views to access to the area’s top wineries.”
Martin Resorts President and CEO Noreen Martin will join KSL Resorts’ advisory board. Her late husband, Tom Martin, founded the company in 1999.
“KSL Resorts shares our passion for this region and our continued commitment to this beautiful community and is the very best partner to take these much-loved hotels to even higher levels of excellence,” she said.