KSL Capital Partners-backed Baillie Lodges completed the acquisition of Tierra Hotels.

KSL Capital Partners-backed Baillie Lodges, a growing portfolio of luxury lodges renowned for setting benchmarks in premium experiential travel, completed the acquisition of Tierra Hotels, a luxury hotels in Chile. Financial terms were not disclosed. "We are delighted to work with the Baillie Lodges team. We both take a personal approach to hospitality, customizing unique and enriching experiences for guests who are looking to explore the world in a meaningful, sustainable way," Miguel Purcell, Tierra Hotels founder.