KSL CAPITAL PARTNERS HIRES RICHARD WEISSMANN, FORMER MANAGING DIRECTOR OF GOLDMAN SACHS & CO.
DENVER (March 3, 2008) – KSL Capital Partners (KSL), a leading private equity firm, today announced that Richard Weissmann has joined the firm as a partner. Previously, Weissmann was a managing director in the Investment Banking Division of Goldman Sachs & Co., where he led Goldman's Hospitality and Gaming Practice. Prior to joining Goldman in 1998, Weissmann was an attorney in the real estate and corporate groups with the law firm Paul, Weiss, Rifkind, Wharton & Garrison LLP in New York. Rich began his career in 1984 as a real estate developer in the New York metropolitan area. Rich has a B.A. from Tufts University and a J.D. from Columbia University School of Law.
Mike Shannon, managing director and co-founder of KSL, said, "We could not be more pleased that Rich has agreed to join us. We have known Rich for many years, and he has been a trusted advisor on many of our previous transactions, including the sale of our predecessor investment vehicle, the recapitalization of the Hotel del Coronado, and the sale of La Costa Resort and Spa. Rich is widely regarded as a top investment banker and trusted advisor serving the hospitality and gaming industries. He previously represented a large and diverse client group, and has participated in many of the most significant transactions in the hospitality industry over the last several years."
Eric Resnick, managing director and co-founder of KSL, added, "Rich will have involvement in our hospitality transactions, in addition to overseeing our international operations and potential real estate development-related and gaming investments. His experience is well suited to this new role. Rich was instrumental in advising Las Vegas Sands Corp in its successful development of The Venetian and The Palazzo in Las Vegas, and the expansion of its resort and gaming operations into Macau and Singapore; sold Four Seasons Hotels and Resorts to a joint venture of Isadore Sharpe, Kingdom Holdings and Cascade Investments; sold Intrawest Corp. to Fortress Investment Group; and advised on over $80 billion of other M&A and financing transactions during his time at Goldman Sachs."
KSL Capital Partners is a private equity firm specializing in travel and leisure enterprises in five primary sectors: hospitality, recreation, clubs, real estate and travel services. KSL Capital Partners is headquartered in Denver. For more information, please visit http://www.kslcapital.com.
Notable investments made by the principals of KSL include:
ClubCorp, Inc., the world’s largest owner and operator of golf, country and business and sports clubs
Barton Creek Resort & Spa in Austin, Texas
The Homestead in Hot Springs, Virginia
Rancho Las Palmas Resort & Spa in Rancho Mirage, California
Vail, Beaver Creek, Breckenridge and Keystone Mountain Resorts
La Quinta Resort & Club and PGA West in La Quinta, California
Doral Golf Resort & Spa near Miami, Florida
Grand Wailea Resort Hotel & Spa on Maui in Wailea, Hawaii
Arizona Biltmore Resort & Spa in Phoenix, Arizona
La Costa Resort and Spa in Carlsbad, California
Hotel del Coronado near San Diego, California
From pres release