Auberge Resorts Collection has teamed up with BDT & MSD Partners. The Friedkin Group announced it had entered into a strategic partnership with BDT & MSD Partners, a merchant bank to serve the needs of business owners and strategic, long-term investors.
Through its affiliated hospitality investment vehicle, BDT & MSD will be making a minority investment in the Auberge Resorts Collection. BDT & MSD’s investment vehicle will also invest capital to acquire and develop luxury and residential properties, which will be branded and managed by Auberge Resorts Collection, Auberge Resorts said in a statement.
The investment will help Auberge grow its presence in the Americas, Europe and beyond, with a focus on gateway urban markets and high-profile experiential destinations.
Auberge Resorts Collection became a part of The Friedkin Group in 2013 and has a portfolio of 27 properties in the U.S., Latin America and Europe, with a pipeline of more than 12 hotels, with two properties scheduled to open in Florence and South Carolina later this year. Auberge’s portfolio also includes 10 residential properties, 89 restaurants and 23 spas.
“Auberge is a world-class manager of distinctive luxury hotel properties with an exceptional track record of delivering curated guest experiences in the world’s leading hospitality markets. We are excited to be a part of its future and look forward to partnering with Auberge’s talented team to build on its differentiated strengths and accelerate further growth,” said Coburn Packard, partner & head of real estate at BDT & MSD.
A merchant bank with an advisory and investment platform, BDT & MSD Partners invests and manages over $11 billion of real estate. Its funds are managed by its affiliated investment advisers, BDT Capital Partners and MSD Partners.
The partnership further establishes Auberge Resort Collection’s position in the luxury boutique hospitality sector and marks a new chapter for the existing portfolio, The Friedkin Group said.
“BDT & MSD’s differentiated, long-term capital and expertise in luxury hospitality investments makes them a perfect strategic partner and will allow us to further grow the strength of the Auberge brand,” said Dan Friedkin, chairman of Auberge Resorts Collection and chairman and CEO of The Friedkin Group.