Davidson Hospitality Neighborhood Enters Partnership With Nautic Partners
ATLANTA, Georgia—Davidson Hospitality Neighborhood presented that it has entered correct into a brand contemporary partnership with Nautic Partners, a center-market non-public equity firm. As fragment of this partnership, Nautic Partners will originate Davidson Hospitality Neighborhood from an affiliate of KSL Capital Partners, LLC, in partnership with Davidson administration. Davidson Hospitality Neighborhood has over $2 billion
ATLANTA, Georgia—Davidson Hospitality Neighborhood presented that it has entered correct into a brand contemporary partnership with Nautic Partners, a center-market non-public equity firm. As fragment of this partnership, Nautic Partners will originate Davidson Hospitality Neighborhood from an affiliate of KSL Capital Partners, LLC, in partnership with Davidson administration.
Davidson Hospitality Neighborhood has over $2 billion in annual income below administration. The corporate’s vertical working mannequin, which makes a speciality of daily life corpulent-service, luxury, upscale corpulent-service, and resort properties, has been instrumental in its skill to carry financial efficiency and customer experiences.
“We are satisfied to embark on this contemporary chapter with Nautic Partners,” mentioned Thom Geshay, CEO and president, Davidson Hospitality Neighborhood. “Nautic’s dedication to supporting the long-term enhance and success of its portfolio companies aligns perfectly with our strategic vision. We are confident that their partnership will enable us to continue handing over noteworthy hospitality experiences whereas exploring contemporary alternatives for expansion and enhance.”
Nautic Partners pursues a proactive investment blueprint to partner with govt abilities in explicit sub-sectors within the healthcare, industrial, and service industries. The firm recently held a closing closing on its most most up-to-date non-public equity automobile, Nautic Partners XI, a $4.5 billion fund. Nautic’s investment in Davidson Hospitality Neighborhood represents a strategic expansion into the hospitality sector. The investment builds upon Nautic’s outdated sector journey in third-birthday party property administration, facilities administration, and company lodging products and companies.
“Nautic Partners is dedicated to supporting Davidson’s administration team acquire its long-term strategic targets,” mentioned Price Perlberg, a managing director, Nautic Partners. “We imagine in the strength of Davidson’s vertically focused working mannequin and are enraged to partner with the team to power persevered enhance and success.”
John Ege, partner, KSL Capital Partners, mentioned, “Almost about a decade previously, we issue out to partner with a administration company that not simplest shared a identical working philosophy to our maintain nevertheless a identical issue of values. We are proud of our successful partnership with Davidson. The corporate’s enhance and success all the blueprint by our possession were greater than spectacular and are a testomony to the strength of the Davidson platform. We are confident that Davidson is in the correct arms with Nautic as Davidson looks to be to its subsequent fragment of enhance. By administration of a sequence of our present resources, Davidson stays a extremely fundamental administration partner to KSL. We stumble on ahead to continuing to work with Davidson on every our present portfolio and on future initiatives.”
Moelis & Company LLC is serving as financial advisor to Davidson Hospitality Neighborhood and Davis Graham and Stubbs LLP are serving as lawful counsel. Locke Lord LLP and Kirkland & Ellis LLP are serving as lawful counsel to Nautic Partners.
