The Dutch group Eden Hotels (“Eden”), owned by the Dijkstra family, announced today that a subsidiary of KSL Capital Partners (“KSL”) has made the majority of its investment in the group. The Dijkstra family will retain a significant minority stake in the group, and Eden’s CEO, Leon Dijkstra, will remain in his role at Eden Hotels. The shared ambition is to expand Eden Hotels into Europe. Investment terms not disclosed.
The investment gives Eden access to KSL’s international hospitality experience, spanning more than 30 years, and KSL’s financial resources to invest in the existing portfolio. The partnership will seek to grow the Eden platform through the acquisition of complementary downtown hotels in other Dutch and European destinations.
Leon Dykstra, Shareholder and CEO, noted, “We are very excited to be collaborating with KSL. This is a fantastic new chapter for Eden Hotels. We look forward to further growth of our company in Europe. We firmly believe that Eden Hotels will benefit from the international experience and expertise of the KSL team while maintaining an Same time on our core business values and DNA.”
Martin Edsinger, Director, KSL Capital Partners, said, “Our team is very excited to become the trustee of Eden Hotels, along with Leon as a long-term shareholder in the company. We are particularly proud to become the trusted partner of a prominent family business. We believe Eden is a compelling group of irreplaceable downtown hotels where we see a joint opportunity to invest together and enhance performance with the existing team. We also see an opportunity to continue Eden’s strategy of acquiring more hotels and expanding across Europe.”
Eden Hotels has been notified by CMS (legal), Ajes Advisory (M&A), Bakertilly and BDO (tax and finance).
KSL Capital Partners has been advised by DeBrauw, Latham & Watkins (legal) and Deloitte (finance and tax).
About Aden Hotels
Eden Hotels is a Dutch family business of 14 city center hotels offering a local experience and lasting memories since 1947. The hotel group consists of Hard Rock Hotel Amsterdam American, Lancaster Hotel Amsterdam, Eden Hotel Amsterdam, Jan Luiken Hotel, The Manor Amsterdam and The ED Amsterdam, City Hotel Hengelo, Crown Hotel Eindhoven, Holiday Inn Eindhoven, Babylon Hotel Den Haag, Designhotel Maastricht, City Hotel Groningen, Oranje Hotel Leeuwarden and Savoy Hotel in Rotterdam. For more information, please visit www.edenhotels.nl or visit the websites of individual hotels.
ABOUT KSL CAPITAL PARTNERS, LLC
KSL Capital Partners, LLC is a private equity firm that specializes in travel and leisure businesses in five core sectors: hospitality and leisure, clubs, real estate and travel services. KSL has offices in Denver, Colorado. New York City; Stamford, Connecticut; London, England and Singapore. Since 2005, KSL has raised over $15 billion in capital across equity, trust and tactical opportunity funds. KSL’s current portfolio includes some of the leading travel and leisure properties. In addition, KSL’s European Capital Solutions (ECS) platform focuses on non-controlling equity and credit investments across the capital structure across the European travel and leisure space. For more information, please visit www.kslcapital.com.