ATLANTA, Georgia—Davidson Hospitality Group introduced that it has entered into a brand new partnership with Nautic Companions, a middle-market non-public 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 below 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 capacity 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 progress 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 progress.”
Nautic Companions pursues a proactive funding technique to associate with govt expertise in particular sub-sectors throughout the healthcare, industrial, and repair industries. The agency not too long ago held a remaining closing on its most up-to-date non-public fairness automobile, 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, amenities administration, and company lodging providers.
“Nautic Companions is dedicated to supporting Davidson’s administration crew 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 associate with the crew to drive continued progress and success.”
John Ege, associate, KSL Capital Companions, stated, “Almost a decade in the past, we got down to associate 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 progress 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 suitable arms with Nautic as Davidson appears to its subsequent part of progress. By means of administration of numerous our present belongings, Davidson stays an necessary administration associate to KSL. We look ahead to persevering with to work with Davidson on each our present 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.
