A KSL Capital Partners affiliate has acquired a significant stake in Sereno Hotels in Italy for an undisclosed sum.

Founded by the Contreras family, Sereno is the owner and operator of ultra-luxury hotels Il Sereno and Le Sereno.

Il Sereno Hotel is located on the shores of Lake Como, while Le Sereno resort is at Grand Cul de Sac on the island of St. Barthelemy.

Sereno founder and CEO Luis Contreras said: “Sereno Hotels is at heart a family company. Collaborating with KSL empowers us to accelerate our scale whilst upholding the ideals and standards that have contributed to our success.

“Our joint vision is to create a select few new small and supremely luxurious hotels in unique locations, featuring remarkable design, meticulous detail and casual yet professional, bespoke services for our guests.

“With KSL's strategic advice and financial support, we aim to offer our guests and our team, exciting new experiences and prospects.”

The Contreras family will continue to own the majority stake in Sereno and the existing team will continue their association with the company.

KSL Capital Partners principal Martin Edsinger said: “We are thrilled to have the opportunity to partner with Luis and the Contreras family for the next journey of growth for this remarkable business.

“At KSL, we seek to invest in the unforgettable to create the enduring, something which is core to Sereno's mission.

“What Luis and his family have created is unparalleled and we could not be more excited about what the future will bring for Sereno and to work with a partner that shares our vision and values.”