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7 June 2007

Thomas J. Hutchison to Join KSL Capital Partners and KSL Resorts as a Senior Advisor

DENVER | KSL Capital Partners (KSL), a leading private equity firm, and KSL Resorts (KSL Resorts), a leading independent hotel management company, today announced that Thomas J. Hutchison III will serve as a Senior Advisor to KSL and KSL Resorts.

Mr. Hutchison has more than 30 years of senior management and consulting experience, primarily related to the real estate development and financial services industries. Most recently, Mr. Hutchison was the chief executive officer and member of the board of CNL Hotels & Resorts, Inc. (CNL), one of the nation's largest real estate investment trusts in the lodging industry. Mr. Hutchison successfully engineered the sale of CNL to Morgan Stanley Real Estate and Ashford Hospitality Trust, Inc. earlier this year in a transaction worth approximately $6.6 billion.

Michael Shannon, Managing Director of KSL and a founder of KSL Resorts said “Tom brings a wealth of experience to KSL and KSL Resorts. He’s a true veteran of the real estate and hospitality industries. We’re honored that Tom’s chosen to be a part of both KSL and KSL Resorts.”


About KSL
KSL Capital Partners is a private equity firm specializing in travel and leisure enterprises in five primary sectors: hospitality, recreation, clubs, real estate and travel services. KSL Capital Partners is headquartered in Denver, Colorado. For more information, please visit www.kslcapital.com.

Notable investments made by the principals of KSL include:
  • ClubCorp, Inc., the world's largest owner and operator of golf, country and business and sports clubs
  • Vail, Beaver Creek, Breckenridge and Keystone Mountain Resorts
  • La Quinta Resort & Club and PGA West in La Quinta, California
  • Doral Golf Resort & Spa near Miami, Florida
  • Grand Wailea Resort Hotel & Spa on Maui in Wailea, Hawaii
  • Arizona Biltmore Resort & Spa in Phoenix, Arizona
  • La Costa Resort and Spa in Carlsbad, California
  • Hotel del Coronado near San Diego, California
  • Rancho Las Palmas Resort & Spa in Rancho Mirage, California
  • Barton Creek Resort & Spa in Austin, Texas
  • The Homestead in Hot Springs, Virginia

About KSL Resorts | Founded in 1992, KSL Resorts manages six time-honored resorts with outstanding recreational amenities, including spa, golf, tennis and ski. Each is refined yet unpretentious, rich in legacy, and genuine in service. The KSL Resorts are:
  • La Costa Resort and Spa in Carlsbad, California
  • Hotel del Coronado near San Diego, California
  • Rancho Las Palmas Resort & Spa in Rancho Mirage, California
  • Barton Creek Resort & Spa in Austin, Texas
  • The Homestead in Hot Springs, Virginia
  • Vail Mountain Lodge in Vail, Colorado

CONTACT

Kate Wark / Gina Galatro
Middleton & Gendron, Inc.
Phone: 212-284-9938
Email: kwark@mg-pr.com

ORGANIZATION

Hospitality NetKSL Capital Partners
http://www.kslcapital.com

RECENT NEWS

KSL Capital Partners Announces Hiring of Adrian Constant, Former Orient Express Hotels Senior Executive, to Lead European Platform
Monday 15 October 2007

KSL Capital Partners Completes Acquisition of ClubCorp
Wednesday 27 December 2006



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