DENVER East West Partners and KSL Capital Partners are partnering to pursue resort real estate acquisition and development opportunities throughout the United States.
The partnership is actively seeking existing and new development opportunities in first-class mountain, beach and second-home resort real estate markets, aiming to capitalize on distress in these markets. Specifically, the partnership is targeting projects in need of completion—preferably ones with associated development opportunities.
“Although resort real estate has been negatively impacted by the recent economic downturn, we believe long-term demographics support continued second-home ownership growth in unique and memorable destinations,” says KSL Managing Director Eric Resnick. “East West has consistently been one of the premier developers of resort real estate for more than two decades. They have a deep and talented team with a proven ability to create and transform resort communities. We are looking forward to an exciting and productive partnership.”
The companies have a 25-year history of working together and developing resort real estate, dating back to their founders’ common time with Vail Resorts and Beaver Creek Resorts. “We have known and worked with the principals of KSL for many years, and we share a mutual admiration for our respective teams’ capabilities and experience,” says East West Managing Partner Harry Frampton. “Together, we have the ability to build on each other’s strengths and take advantage of some exciting opportunities.”