US firm KSL sets up in Europe

KSL Capital Partners has hired a hotel real estate professional to spearhead operations in Europe.

Denver based leisure property private equity firm, KSL Capital Partners, is creating a European investment platform based in London.

KSL Capital Partners International, which has made a string of high profile hotel, golf and leisure complex acquisitions in the US, has hired Adrian Constant to spearhead the drive.

Constant is a former vice president of Orient Express Hotels in Europe where he was in charge of all of Orient Express’s European properties, as well as having specific development responsibility for Europe, the Middle East and Asia.

Eric Resnick, co-founder of KSL, said the firm believes markets outside North America offer attractive opportunities.

“Demographic and travel trends are both positive internationally,” he said in a statement.

KSL will be hoping Constant can replicate the kind of investments he made while at Orient Express where he led the acquisition of La Residencia in Mallorca in 2002, Le Manoir aux’Quat Saisons in Oxfordshire, UK, during the same year, as well as the Grand Hotel Europe in Russia’s second city, St. Petersburg and the Hotel Caruso in Ravello, both in 2005.

In the US, KSL has acquired high profile assets such as ClubCorp, the world’s largest owner and operator of golf, country and business and sports clubs, and La Quinta Resort & Club and PGA West in La Quinta, California.