Blackstone adds to U.K. leisure holdings with Village Hotels acquisition (NYSE:BX)

Funds managed by Blackstone (NYSE:BX) have closed on the acquisition of Village Resorts, an proprietor and operator of 33 motels within the U.Okay., from associates of KSL Capital Companions, the acquirer mentioned on Wednesday. The resort firm’s properties characterize 4,400 resort keys and function as “all-under-one-roof” leisure locations, providing conventional full-services resort stays, health golf equipment, meals and beverage shops, and co-working areas. Blackstone (BX) mentioned it is a “long-term believer” within the U.Okay. leisure sector. In 2021, the non-public fairness agency acquired Bourne Leisure, proprietor of Haven Vacation Parks and Warner Resorts, a U.Okay. resort chain that caters solely to adults. “We see nice potential in lodging and leisure as a sector, particularly the place we will help strongly positioned companies that ship distinctive experiences to their clients,” James Seppala, head of Actual Property Europe at Blackstone (BX) mentioned. Monetary phrases of the deal weren’t disclosed.