Capital Allocators – Inside the Institutional Investment Industry Eric Resnick – Ski, Golf, and Vacation Investing at KSL (EP.322)
4 snips
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!
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Unexpected Career Path
- Eric Resnick's career began unexpectedly when he was advised by Terry Williams at McKinsey to combine his love for skiing with work.
- This led him to a strategic planning role at Vail, owned by Apollo, exposing him to private equity, IPOs, and acquisitions.
KSL's Origins
- Mike Shannon, former Vail president, recruited Resnick as CFO for KSL, a KKR-backed management buildup.
- KSL, named after KKR, Shannon, and Larry Litchleiter, focused on recreation and leisure investments, starting with La Quinta.
Frugality as a Core Value
- KSL's cultural emphasis on frugality is exemplified by their initial headquarters: 18 single-wide trailers welded together.
- This story is shared to instill financial discipline and resourcefulness within the team, emphasizing respect for investors' money.