Goldman Sachs and Cedar Capital Partners Acquire The Belfry Hotel & Resort
Posted on 11/13/2021
Warwickshire-based The Belfry Hotel & Resort was sold to Goldman Sachs Asset Management and Cedar Capital Partners. The seller is KSL Partners. The estimated price was reported at £140 million. The facilities include three golf 18-hole courses a 324-bedroom hotel, spa, and conference facilities. It is situated within a 550-acre estate.
The Belfry Hotel & Resort hosted the Ryder Cup 4 times.
Goldman Sachs Asset Management and Cedar Capital Partners were advised by Jones Day (legal and financing), Alvarez & Marsal and Deloitte (tax and structuring) and CBRE (commercial).
KSL Capital Partners were advised by Dentons (legal), Deloitte (tax and structuring) and Savills (Broker).
Wells Fargo and KSL Capital Partners’ separate European Capital Solutions platform financed the acquisition and were advised by Clifford Chance and Bird & Bird.
KSL Partners acquired The Belfry Hotel & Resort in 2012 from the Quinn Group. The Quinn Group bought the property in 2005 from The De Vere Group.