An affiliate of KSL Capital Partners (KSL), an investor in travel and leisure businesses, has launched Mission Hill Hospitality, a portfolio company created to acquire select service and extended-stay hotels. To date, Mission Hill Hospitality has acquired 12 hotels.
Mission Hill Hospitality represents an opportunity to invest in select service and extended-stay hotels, which, according to CoStar data, comprise the fastest growing segment of the hospitality industry, accounting for approximately one-third of all the transaction volume in hotels in the United States.
“Mission Hill Hospitality was created as a platform to focus on select service and extended stay properties and development opportunities in markets with strong long-term fundamentals and the potential to add value,” said John Ege, partner at KSL. “Under the direction of Mission Hill CEO Greg Kennealey, who has played a key role in driving value in KSL’s hotel investments for over a decade, we expect
