Italy/Caribbean: An affiliate of personal fairness agency KSL Capital Companions has acquired a majority curiosity within the luxurious resort group Sereno Lodges.
Sereno is the owner-operator of a resort and villa positioned on the shores of Lake Como in Italy, and a sister resort and villa on the island of St. Barths within the Caribbean.
The corporate was based by the Contreras household over 20 years in the past. The household will stay a big investor with Luis Contreras persevering with as CEO.
Contreras stated: “Sereno Lodges is at coronary heart a household firm. Collaborating with KSL empowers us to speed up our scale, while upholding the beliefs and requirements which have contributed to our success. Our joint imaginative and prescient is to create a choose few new small and supremely luxurious motels in distinctive areas, that includes exceptional design, meticulous element, and informal but skilled, bespoke companies for our visitors. With KSL’s strategic recommendation and monetary help, we purpose to supply our visitors, and our crew, thrilling new experiences and prospects.”
Martin Edsinger, principal at KSL Capital Companions, stated: “We’re thrilled to have the chance to accomplice with Luis and the Contreras household for the subsequent journey of development for this exceptional enterprise. At KSL, we search to put money into the unforgettable to create the enduring, one thing which is core to Sereno’s mission. What Luis and his household have created is unparalleled, and we couldn’t be extra enthusiastic about what the long run will deliver for Sereno and to work with a accomplice that shares our imaginative and prescient and values.”
The phrases of deal weren’t disclosed. It follows KSL’s acquisition of The Pig Lodges earlier this yr.
