KSL Capital Partners Buys Scottsdale Resort

KSL Capital Partners announced Monday that it has acquired InterContinental Montelucia Resort & Spa in Scottsdale, Arizona. Financial terms of the deal were not released. Following the deal, the resort will operate as an independent resort and will remain affiliated with InterContinental Hotels & Resorts as an InterContinental Alliance Resort. The resort will be managed by KSL Resorts. KSL Capital Partners is a private equity firm specializing in travel and leisure investments. The firm has offices in Denver and New York.

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