An affiliate of alternative investment firm KSL Capital Partners has acquired a majority interest in Soneva Group, a company in sustainable luxury hospitality operating since 1995.
The firm exercised its right to convert certain securities, following its initial minority investment in November 2019.
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This move reinforces KSL’s commitment to Soneva’s strategy and its unique position in the luxury experiential travel market.
Neil Gallagher has been named CEO of Soneva, bringing over 20 years of international hospitality experience from the US, Europe, the Middle East, and the Caribbean.
His previous roles include positions at Clermont Hotel Group, IHG Hotels & Resorts, and Marriott Vacation Club International.
Soneva’s portfolio includes Soneva Fushi, Soneva Jani, Soneva Secret, and the Soneva in Aqua yacht in the Maldives.
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By GlobalDataKSL Capital Partners focuses on investments in the travel and leisure sectors, including hospitality, recreation, clubs, real estate, and travel services.
With equity, credit, and tactical opportunities funds, KSL has a global portfolio of resorts and hospitality brands.
Earlier this month, KSL also broadened its presence in Europe by acquiring JW Marriott Venice Resort & Spa from Aareal Bank Group, a property banking specialist.
This marks the first equity investment by KSL’s European Capital Solutions platform, targeting high-quality urban and resort developments in Europe.
In July 2023, a KSL affiliate bought a significant stake in Sereno Hotels, founded by the Contreras family and known for its ultra-luxury hotels Il Sereno and Le Sereno in Italy.
The sum for this acquisition has not been disclosed.
