Capital Allocators – Inside the Institutional Investment Industry

Eric Resnick – Ski, Golf, and Vacation Investing at KSL (EP.322)

Jun 19, 2023

In this engaging discussion, Eric Resnick, co-founder and CEO of KSL Capital Partners, shares his insights from over 30 years in the travel and leisure investment sector. He delves into KSL's origin, the secrets of sourcing lucrative opportunities, and his experiences in the ski industry. Eric recounts a humorous email mishap that played a role in launching the firm, while also addressing consumer expectations in hospitality and the importance of strategic capital allocation. His passion for creating remarkable destinations truly shines through!

59:09

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Episode guests

Eric Resnick

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Episode notes

Intro

2min

Exploring Investment Strategies in Travel and Leisure

3min

From Vail to KSL: A Journey Through Ski and Leisure Investments

6min

The Accidental Email that Sparked an Entrepreneurial Journey

3min

From Trailers to Tradition: Upholding Company Culture in Corporate Transitions

3min

Investing in Travel and Leisure

5min

Transforming Consumer Experiences in Hospitality

22min

Transforming Assets into Strategic Investments

16min

Eric Resnick is the co-founder and CEO of KSL Capital Partners, a private equity firm launched in 2005 that specializes in the travel and leisure industry. KSL seeks to create remarkable destinations and businesses that inspire joy and awe. The firm manages $21 billion, including investments in Alterra Mountain Company, the second-largest ski company in the world and the creator of the Ikon Pass, Under Canvas, Baillie Lodges, and Outrigger Hotels & Resorts. The firm’s portfolio includes many other investments that touch nearly every segment of the travel and leisure industry globally.

Our conversation covers KSL’s beginning as a KKR portfolio company, formation of KSL Capital Partners after a successful exit, and the case for travel and leisure investments. We discuss sourcing targets, consumer experience, operations, competition, capital allocations, opportunities, and risks. We close discussing exit strategies and the future of KSL.

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