KSL acquires Village Urban Resorts from De Vere Group

Following completion of the spinout, Village Urban will invest in new locations, starting with three new resorts in Glasgow, Aberdeen and Edinburgh.

KSL stated it was attracted by the broad range of services offered by the company.

Gary Davis, formerly CEO of KSL-backed boutique hotel businesses Malmaison and Hotel du Vin, has been appointed CEO of Village Urban.

According to Sky News, KSL has appointed UBS to lead a review of options for Malmaison and Hotel du Vin, with the media outlet suggesting the brands are likely to be sold.

The GP also bought UK hotel and golf resort The Belfry, renowned for its regular hosting of professional golf tournaments including the Ryder Cup, in August 2012.

Company
Founded in 1995 and headquartered in Warrington, north England, Village Urban Resorts is an accommodation and leisure group with 25 locations. In addition to hotel accommodation, each of its sites features a health and fitness centre and catering facilities open to both guests and local residents.

People
Coley Brenan is a principal at KSL. Gary Davis is CEO of KSL.

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• Buyouts
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