KSL Capital Partners Acquires Ritz-Carlton Hotel In Dana Point For $600 Million

KSL Capital Partners has acquired the 373-room Ritz-Carlton, located at 1 Ritz Carlton Drive, Dana Point, CA, for $600 million. This oceanfront hotel recently underwent a $50 million renovation, enhancing its appeal in the competitive market. With a price per key of $1,608,579, the deal marks a significant increase from its purchase price of $317.2 million in 2016.

Summary of transaction details:

• Property Type: Hotel
• Transaction Amount: $600,000,000
• Buyer: Eric Resnick - KSL Capital Partners
• Seller: Strategic Hotels & Resorts
• Keys: 373
• PPK: $1,608,579

Peregrine Hospitality, an affiliate of KSL Capital Partners, is set to manage the property following this acquisition. The transaction involved key entities in the hospitality industry, reflecting the strategic moves of KSL Capital Partners in enhancing their portfolio.