Blackstone completed the acquisition of Village Hotels from KSL Capital Partners.

Blackstone, a private equity firm, completed the acquisition of Village Hotels, a hotel owner, operator and developer, from KSL Capital Partners, an investor in travel & leisure. Financial terms were not disclosed. “With KSL’s support, we have developed a differentiated brand, offering lodging, food, meeting space and health and wellness, ‘everything under one roof’. Each hotel attracts over 4,000 local members to our health and wellness clubs, quite unique in the hotel world, with high-tech equipment, fitness class facilities and pools with steam room and sauna. A great facility for the business traveller where health and wellness plus work facilities make us best in class. With Blackstone we see great opportunities to expand the number of hotels in the UK and further enhance our existing facilities. An exciting time for us all,” Gary Davis, Village Hotels CEO.