KSL takes majority stake in Dutch hotel company

Insight Comment
Despite all the negativity surrounding city centre tourism in the age of Covid-19 and uncertainty over corporate travel levels, KSL clearly thinks there’s big potential in Eden Hotels.

KSL Capital Partners has taken a majority stake in Duitch hotel group Eden Hotels for an undisclosed figure.

Existing shareholder the Dijkstra family will retain a minority investment and Eden CEO Leon Dijkstra will remain in his role.

KSL intends to expand the company elsewhere in the Netherlands and into Europe.

Eden Hotels owns and operates 14 hotels with almost 2,000 rooms predominantly in Amsterdam and other major Dutch cities. The business has been built up by the Dijkstra family over almost 75 years and includes, among others, the 400-room Eden Hotel Amsterdam as well as the Hard Rock Hotel Amsterdam American. Today, the business employs over 500 people across its hotels and central offices.

What They Said

Leon Dijkstra, shareholder and CEO, said: “We are very excited to team up with KSL. This is a great new chapter for Eden Hotels. We are looking forward to further grow our company into Europe. We strongly believe that our company Eden Hotels shall benefit from the international expertise and experience of the KSL team while maintaining at the same time our core business values and DNA”.
Martin Edsinger, principal at KSL Capital Partners, said: “Our team is very excited to become the custodian of Eden Hotels, alongside Leon as a long-term shareholder of the business. We are particularly proud to become the trusted partner of a prominent family business. We think that Eden is a compelling collection of irreplaceable city center hotels where we see a joint opportunity to invest together and drive performance with the existing team. We further see an opportunity to continue Eden’s strategy to acquire more hotels and to expand across Europe.”