KSL Capital Partners Acquires AC Hilton And Courtyard By Marriott Hotels In Clearwater Beach For $113.7M

KSL Capital Partners, a Denver-based private equity firm, has acquired two Clearwater Beach hotels, the AC Hilton and Courtyard by Marriott, for a total of $113.7 million. The deal also includes $38.5 million in financing from Athene Annuity & Life Co. The AC Hilton by Marriott Clearwater Beach is located at 395 Coronado Drive, while the Courtyard by Marriott Clearwater Beach is situated at 443 East Shore Drive. The properties are part of the hotel asset type and are located in the Clearwater Beach market.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $113,700,000
• Address: 395 Coronado Drive - AC Hilton by Marriott Clearwater Beach & 443 East Shore Drive - Courtyard by Marriott Clearwater Beach
• Market: Clearwater Beach

The seller of the hotels is Norwich Partners. Eric Resnick from KSL Capital Partners represented the buyer in the transaction. The lender providing financing for the deal is Athene Annuity & Life Co.