Blackstone acquires Village Hotel Club
It currently operates 33 hotels and leisure clubs across the UK with Blackstone looking to expand the brand
Village Hotel Club has announced that it has been acquired by Blackstone from KSL Capital Partner, in a deal thought to be worth over £800m.
Blackstone is a large private equity group with existing assets in the UK hospitality sector.
Village employs over 4,500 staff, and welcomes approximately 1.8m hotel guests and over 132,000 gym members of Village Health and Wellness.
It currently operates 33 hotels and leisure clubs across the UK with Blackstone looking to expand the brand.
Gary Davis, CEO of Village Hotels, said, “We are incredibly proud of the work we have done over the past few years. We have created a unique brand that offers ‘everything under one roof’ for hotel guests and locals alike.
“There really is nothing quite like Village. With Blackstone, we see great opportunities to grow our brand further, and are actively looking at new development opportunities, as well as investing in our existing hotels and leisure clubs.”
James Seppala, head of Real Estate Europe at Blackstone, added: “We are delighted to add Village Hotels, a standout hospitality brand with a unique business model, to our real estate portfolio.
“We see great potential in lodging and leisure as a sector, especially where we can support strongly positioned businesses that deliver exceptional experiences to their customers. We look forward to partnering with Village Hotels’ seasoned management team and support them as it embarks on its next stage of growth.”
