Denver-based KSL Capital Partners has acquired the Martin Resorts Collection of five independent, boutique hotels along California’s Central Coast. The terms of the deal were not disclosed.
An affiliate of KSL has taken over the management of the five properties, which include Avila Lighthouse Suites in Avila Beach, Pismo Lighthouse Suites and Shore Cliff Hotel in Pismo Beach and Paso Robles Inn and The Piccolo in Paso Robles – all situated in San Luis Obispo County, along California’s Central Coast.
Earlier operated by Martin Resorts, the properties comprise 346 rooms, including the 54 all-suite Avila Lighthouse Suites, the newly renovated 70 all-suite Pismo Lighthouse Suites, the 100-room Shore Cliff, the recently constructed 24-room The Piccolo and the 98-room Paso Robles Inn first established in 1889. Both The Piccolo and the Paso Robles Inn are in the heart of wine country.
KSL plans to invest across the portfolio.
“More than 20 years ago, Martin Resorts created a spirit of hospitality to enrich the lives of their employees, guests, and the San Luis Obispo County community. We intend to fulfill the mission of the Martin family, and we look forward to building on this legacy through investments in these wonderful properties,” said Mike Mohapp, Partner at KSL.
KSL Resorts, an independent management company, will oversee the hotels. KSL Resorts now operates six properties on California’s Central Coast, with the addition of these hotels.
“As we continue our growth along the Central Coast of California, building upon our recent success in Pismo Beach, we are thrilled to welcome the Martin Resorts portfolio to KSL Resorts,” said Scott Dalecio, president and chief executive officer for KSL Resorts. “We look forward to continuing the exceptional level of service and hospitality these hotels are so well known for and stewarding the legacy that Martin Resorts has built over the last 23 years.”
KSL Resorts will focus on programming and activation strategies for each property, Dalecio said.