UK: An affiliate of KSL Capital Partners has purchased the parent company of The Pig Hotels in partnership with its co-founder Robin Hutson.
Although terms of the transaction were not disclosed, Hutson will continue as chairman of the company and retain a stake in the business. Tom Ross, former group operations director, has been promoted to managing director.
The Pig Hotels is a collection if eight boutique hotels located in the south coast counties of England. Each property has around 30 bedrooms and include a garden-inspired restaurant, a kitchen garden and land for animals.
Hutson said: “This is an exciting opportunity for us all at The Pig to focus on the future with an experienced team specialising in hospitality. KSL invests in some of the most iconic and well-known hotels in the world and has had great success preserving what makes each asset unique.
“The investment will allow us to continue to grow and expand our collection, while offering our guests the same home away from home quality they expect at each of our hotels.”
KSL will seek to add more Pig hotels through the acquisition and develop new projects throughout the UK.
Tina Yu, principal at KSL Capital Partners, said: “Having been admirers of what Robin has built over the last decade, we could not be more excited to work hand-in-hand with him and the entire team, and to help continue the growth of The Pig.
“The team at The Pig has created something truly unique and exceptional: hotels set in the English countryside which are dedicated to providing genuine hospitality and are at the forefront of environmental responsibility. We look forward to being part of this journey and supporting the management team.”
KSL is a private equity firm focussing on travel and leisure enterprises across five sectors: hospitality, recreation, clubs, real estate, and travel services. Since 2005, the company has raised approximately $18 billion of capital across both debt and equity funds.
