September 12, 2019 Comments (0) Views: 255 Michigan, Midwest, National News

PE Firm KSL Acquires Mackinac Island’s Grand Hotel

Private equity firm KSL Capital Partners will acquire the historic Grand Hotel on Michigan’s Mackinac Island from the Musser family, its ownership for the past 85 years. Deal terms won’t be disclosed.

“It has truly been an honor and a privilege for my family to serve as steward of this incredible Michigan landmark for nearly nine decades,” said Dan Musser III, who will remain chairman. “This is a role we have not taken lightly, nor was this decision to transfer ownership to KSL.”

The 397-key hotel, with its renowned 660-foot long porch—reportedly the world’s longest—is a National Historic Landmark. Open from early May to late October, currently it’s in its 133rd season of operation.

“KSL understands the importance of Grand Hotel to Mackinac Island, the state of Michigan and beyond, as well as its history, charm and traditions,” said KSL principal Michael Mohapp.

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