Friedkin Capital Partners Invests in Auberge Resorts
Tuesday December 10th, 2013 - 9:34AM HZ0Q
| | | | | | | | | | |
These are shortcuts to your favorite social networking and bookmark sites. Add this story to your Facebook page, del.icio.us, DiggIt, and many others!
MILL VALLEY, CA—Auberge Resorts, developer, operator and owner of boutique luxury resorts, residences and private clubs across North America, announced today that Friedkin Capital Partners, owned and operated by Houston businessman Dan Friedkin, has teamed with the Harmon family, owners of Auberge Resorts, by investing in the company.
Friedkin will serve as chairman of the board and Mark Harmon, the CEO and founder, will continue to serve as CEO, member of the board, and will continue to run the day-to-day business of the company.
The new capital provided by Friedkin Capital Partners will enable Auberge Resorts to expand its presence internationally through new projects in the United States, the Caribbean, Mexico, Europe and Africa.
"We are thrilled to announce this investment in the company and are pleased to have found the perfect active partner in Dan Friedkin to help us accelerate our growth plan," stated Harmon. "This is an exciting time for our company, following our recent purchase of Calistoga Ranch and on the eve of the 2014 unveiling of our next new project, Malliouhana, an Auberge Resort on the Island of Anguilla. We look forward to expanding Auberge Resorts to encompass adventure travel and unparalleled luxury hospitality experiences."
"We understand and admire the Auberge Resorts philosophy, and I am very excited to help build and expand its international legacy," Friedkin said in a statement. "We look forward to the global expansion of Auberge Resorts and will leverage our experience to position the brand for success on a greater scale.”
As chairman and CEO of the private equity firm Friedkin Capital Partners, Friedkin manages investments across a diverse array of private businesses, including high-end hospitality asset development.
Tags: Friedkin Capital • Auberge Resorts • Hospitality • Ownership • Owners/Operators • Investment Funds • Personnel •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.