KSL Capital Partners and its affiliates have acquired The Westin Hilton Head Island Resort & Spa through its Tactical Opportunities Fund. Other terms and conditions were not disclosed.
Located on a stretch of South Carolina's Atlantic coastline, The Westin Hilton Head is an oceanfront resort with 420 recently refreshed guestrooms and suites with beach-inspired décor, private balconies and ocean views.
There is direct beach access, three outdoor pools, treatments at the Heavenly Spa by Westin and farm-and-sea-to-table dining across several restaurants. The resort has nearly 40,000 square feet of flexible indoor and outdoor event space and curated offerings. Since 2012, The Westin Hilton Head has benefited from more than $47 million in capital enhancements.
"Well-maintained and strategically located in one of the Southeast's most sought-after leisure destinations, The Westin Hilton Head is exactly the kind of high-quality, experience-driven destination we look to support at KSL," Dan Rohan, partner and head of Tactical Opportunities at KSL, said in a statement. "It's one of the grand dames of the region, and we're focused on building on the resort's legacy and finding new ways to further elevate this beloved coastal destination."
KSL's Tactical Opportunities platform provides strategic partnership capital to differentiated travel and leisure businesses outside the firm's traditional equity and credit mandates. The platform is supported by a seasoned group of investors and operators and leverages KSL's deep sector expertise, global network and integrated approach across its synergistic equity, credit and tactical opportunities strategies.