KSL Capital Partners, a private equity firm, completed the acquisition of a majority stake in Sereno Hotels, an operator of ultra-luxury hotels. Financial terms were not disclosed. "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," Martin Edsinger, KSL Capital Partners Principal.