Private equity firm KSL Capital Partners has acquired the boutique Les Hôtels d’en Haut collection from London-based Perseus Group (a European hotel developer, owner and operator), marking KSL’s first significant acquisition in continental Europe. The price was not disclosed.
Les Hôtels d’en Haut operates five boutique hotels in leisure markets across France. Tthe Hôtel Le Val Thorens, Hôtel Le Fitz Roy in Val Thorens, the Hôtel Alpaga in Megève and Hôtel des 3 Vallées in Courchevel are all ski-focused properties, while. Hôtel Les Roches Rouges,in Saint-Raphaël on the French Riviera, offers a private seafront and direct sea access.
“Les Hôtels d’en Haut is a group of extraordinary properties," said Eric Darde, who will serve as the company’s president/COO. “KSL has owned and operated some of the most prestigious properties in the world, including many in mountain and beach locations. We could not be more fortunate to have a company such as KSL to invest in, and help to grow, our company.”
“At KSL Capital Partners, our primary focus is to invest in travel and leisure properties, and we understand the importance of hotels to their local community,” said Martin Edsinger, SVP at KSL. “Les Hôtels d’en Haut is a hotel company that truly celebrates the desire to travel. We are very excited to step into the stewardship of Les Hôtels d’en Haut and look forward to not only investing in these hotels but bringing the Les Hôtels d’en Haut to new locations with the same ethos.”
With a range of 30 to 80 rooms and suites, the portfolio includes a total of 245 hotel rooms. The collection also has eight full-service restaurants, two of which have earned a Michelin Star: Hôtel Alpaga’s La Table de L’Alpaga and La Terrasse at Hôtel Les Roches Rouges. Each hotel also has spa facilities.