Minority stake in the hotel chain Soneva has been acquired by the US-based private equity firm, KSL Capital Partners. According to a statement by Soneva, an affiliate of KSL Capital Partners has taken a significant minority stake in the company. The statement further stated that the partnership with KSL underscores the attractiveness of the Soneva brand and will support the company’s short-term and long-term development goals.
“The more we have gotten to know Soneva, the more excited we are about the opportunities to help Soneva grow. At KSL, we invest solely in travel and leisure, and we recognize the power of the Soneva brand platform in the expanding market for luxury experiential travel,” A principal at KSL, Tina Yu said in a statement.
Earlier Soneva has revealed plans to open three additions resorts in the Maldives.
“We are delighted to welcome KSL as our partner in Soneva. We have many exciting plans, and I cannot imagine better partners to help execute the next stage of Soneva’s growth.” Founder and CEO of Soneva, Sonu Shivdasani said.
Sailing Capital has also redeemed its investment in Soneva As part of KSL’s investment. Sailing Capital has invested in Soneva since 2014, and Soneva was able to expand its portfolio with the help of Sailing Capital, including the 2016 opening of the iconic and award-winning Soneva Jani resort.