ATLANTA, Georgia—Davidson Hospitality Group introduced that it has entered into a brand new partnership with Nautic Companions, a middle-market personal fairness agency. As a part of this partnership, Nautic Companions will purchase Davidson Hospitality Group from an affiliate of KSL Capital Companions, LLC, in partnership with Davidson administration.
Davidson Hospitality Group has over $2 billion in annual income beneath administration. The corporate’s vertical working mannequin, which focuses on life-style full-service, luxurious, upscale full-service, and resort properties, has been instrumental in its skill to ship monetary efficiency and visitor experiences.
“We’re thrilled to embark on this new chapter with Nautic Companions,” stated Thom Geshay, CEO and president, Davidson Hospitality Group. “Nautic’s dedication to supporting the long-term development and success of its portfolio corporations aligns completely with our strategic imaginative and prescient. We’re assured that their partnership will allow us to proceed delivering distinctive hospitality experiences whereas exploring new alternatives for enlargement and development.”
Nautic Companions pursues a proactive funding technique to accomplice with government expertise in particular sub-sectors throughout the healthcare, industrial, and repair industries. The agency just lately held a last closing on its most up-to-date personal fairness car, Nautic Companions XI, a $4.5 billion fund. Nautic’s funding in Davidson Hospitality Group represents a strategic enlargement into the hospitality sector. The funding builds upon Nautic’s earlier sector expertise in third-party property administration, services administration, and company lodging companies.
“Nautic Companions is dedicated to supporting Davidson’s administration staff in attaining its long-term strategic goals,” stated Mark Perlberg, a managing director, Nautic Companions. “We imagine within the energy of Davidson’s vertically centered working mannequin and are excited to accomplice with the staff to drive continued development and success.”
John Ege, accomplice, KSL Capital Companions, stated, “Practically a decade in the past, we got down to accomplice with a administration firm that not solely shared an analogous working philosophy to our personal however an analogous set of values. We’re happy with our profitable partnership with Davidson. The corporate’s development and success throughout our possession have been greater than spectacular and are a testomony to the energy of the Davidson platform. We’re assured that Davidson is in the correct palms with Nautic as Davidson seems to its subsequent part of development. By way of administration of a variety of our current property, Davidson stays an essential administration accomplice to KSL. We look ahead to persevering with to work with Davidson on each our current portfolio and on future initiatives.”
Moelis & Firm LLC is serving as monetary advisor to Davidson Hospitality Group and Davis Graham and Stubbs LLP are serving as authorized counsel. Locke Lord LLP and Kirkland & Ellis LLP are serving as authorized counsel to Nautic Companions.
