The Dijkstra family will retain a significant minority stake in the group, and Eden CEO Leon Dijkstra will remain in his role in Eden Hotels. The combined ambition is to expand Eden Hotels into Europe. Terms of the investment are undisclosed.
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. The business employs more than 500 people across its hotels and central offices.
The investment allows Eden to access KSL’s international hospitality experience, which spans more than 30 years, and KSL’s financial resources to invest into the existing portfolio. The partnership will seek to grow the Eden platform through the acquisition of complementary city center hotels in other Dutch as well as European destinations.
“We are very excited to team up with KSL,” said Dijkstra. “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, 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.”
Eden Hotels were advised by CMS (legal), Ajes Advisory (M&A), Bakertilly and BDO (tax & finance).
KSL Capital Partners was advised by DeBrauw and Latham & Watkins (legal) and Deloitte (financial and tax).