Netherlands: KSL Capital Partners has made a majority investment in Eden Hotels, with owners the Dijkstra family retaining a minority stake.
Eden Hotels owns and operates 14 hotels with almost 2,000 rooms predominantly in Amsterdam and other major Dutch cities. The business has been built by the Dijkstra family for almost 75 years.
The investment from KSL will allow the group to expand into Europe, acquiring other city centre hotels.
CEO Leon Dijkstra will remain in his current role. He said: “We are very excited to team up with KSL. This is a great new chapter for us. We are looking forward to further grow our company into Europe. We strongly believe that our company shall benefit from the international expertise and experience of the KSL team while maintaining at the same time our core business values and DNA.”
Martin Edsinger, principal at KSL Capital Partners, said: “Our team is very excited to become the custodian of Eden Hotels, alongside Leon as a long-term shareholder of the business. We are particularly proud to become the trusted partner of a prominent family business. We think that Eden is a compelling collection of irreplaceable city centre hotels where we see a joint opportunity to invest together and drive performance with the existing team. We further see an opportunity to continue Eden’s strategy to acquire more hotels and to expand across Europe.”
Eden Hotels were advised by CMS on legal requirements, Ajes Advisory on M&A, and Bakertilly and BDO for tax and finance.
KSL Capital Partners were advised by DeBrauw and Latham & Watkins on the legalities of the deal and Deloitte for financial and tax.