KSL Capital acquires Pig Hotels

Co-founder Robin Huston will remain chairman of the company and retain a stake. Tom Ross will act as a managing director having previously served as group operations director.

KSL will look to expand the eight-hotels chain by adding more Pig Hotels through the acquisition and development of complementary properties across the UK.

KSL V held a final close on USD 2.7bn in May 2019. The vehicle invests in travel and leisure companies globally, according to Unquote Data. 

The sponsor’s previous investment in this sector includes the Netherlands-based Eden Hotel, announced in December 2021, and UK-based fitness clubs Third Space, in August 2021.

Unquote Data shows that the travel and leisure sector saw deal flow begin to return to normal levels in 2021 after a drop in 2020. In 2019, 26 buyout deals with an aggregate value of GBP 12.3bn were recorded. This dropped to 16 deals with an aggregate value of GBP 1.3bn in 2020 as coronavirus restrictions across Europe hit the sector. In 2021, deal volume increased to 20 buyouts with an aggregate deal value of GBP 7.1bn.

Company
The Pig boutique hotel was founded in 2011 with branches in the south coast of the UK. The hotels are committed to sustainability, with produce sourced within 25 miles of Pig’s locations if it cannot be grown on-site.

People
The Pig Hotels - Robin Huston (co-founder, chairman).
KSL Capital - Tina Yu (principal).

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• Topics
• Buyouts
• UK / Ireland
• Consumer
• United Kingdom