Revolution Places Joint Ventures with KSL Capital to Expand Miraval Resort & Spa Internationally
- Jul 02, 2014
A joint venture was formed recently between real estate investors Revolution Places and KSL Capital Partners LLC. The firms announced an agreement to take ownership of Miraval Resort & Spa and to expand the wellness luxury spa from its current Tucson location to new destinations in the U.S., Europe, etc. No financial terms were disclosed.
Revolution Places, the original owner of the facility, is a division of Revolution LLC that invests mainly in differentiated properties with long-term development potential. The parent company is a Washington, D.C.-based investment firm founded in 2005, involved in the acquisition of branded, lifestyle hospitality companies that offer the possibility of growth. KSL, which partnered with Revolution Places, is a private equity firm investing in hospitality, recreation, clubs, real estate and travel services. The company has offices in Denver; Stamford, Conn. , and London, England.
Located at Vía Estancia Miraval, off Lago del Oro Parkway in Catalina, Miraval Resort & Spa is situated in the high Sonoran Desert at the base of the Santa Catalina Mountains, on 400 acres of land with panoramic views. A top-rated all-inclusive wellness luxury spa resort, Miraval offers casita-style guest accommodations, luxurious spa treatments, healthy meals, as well as an expert staff of renowned wellbeing specialists. It has been consistently ranked as one of the world’s top destination spas by Travel + Leisure, SpaFinder and Condé Nast Traveler over the past 19 years.
Photo credits: Miraval Resort & Spa