US operator brings hotel investment specialist on board
KSL Resorts, KSL Capital Partners’ independent management company, has appointed a new vice president of investments and business development.
Nordee Saritvanich will be tasked with expanding KSL Resorts’ growing boutique resort platform, targeting leisure-based, boutique hotels in secondary and tertiary destination markets nationwide.
Investment opportunity sourcer
With over 15 years of commercial and hotel real estate experience, Saritvanich is adept at sourcing and securing new investment opportunities.
Prior to KSL Resorts, Saritvanich served as vice president of Pacifica Hotels/Invest West Financial Corporation, a full-service real estate investment firm. There, he led Pacifica’s investment strategy and expanded its portfolio through new acquisitions. Saritvanich also brings with him extensive experience from globally recognised companies, including Jones Lang LaSalle and HVS Global Hospitality Services.
Saritvanich earned a Master of Science degree in real estate finance and investments from New York University and a certificate in hotel real estate investments and asset management from Cornell University. He holds a Bachelor of Arts degree in psychology from the University of California, Irvine.
Experience and talent
According to Michael Palmeri, chief investment officer of KSL Resorts: “Nordee brings a great combination of experience and talent, and we are thrilled to have him join the KSL Resorts leadership team as we aggressively grow the platform.”
President and CEO, Scott Dalecio, said: “KSL Resorts’ 30-year history and successes are rooted in the investment and operation of destination resorts. We see a unique opportunity to parlay that expertise into the boutique hospitality segment.”
Recent acquisitions
The company recently acquired the 124-key Vespera Resort on Pismo Beach, an Autograph Collection hotel, in Pismo Beach, California, and 96-key Marram in Montauk, New York, and has plans to grow the portfolio to more than 20 assets by 2025.
The group’s investment firm, KSL Capital Partners, is currently bankrolling several European developments including a pair of edyn properties, Locke de Santa Joanna Lisbon in the Portuguese capital and Locke Zurich in Switzerland. The investor is also involved in two Beaumier Hotels & Resorts projects in Bern, Switzerland: Hotel Belvedere and Wengener Hof.
Related Articles
Aimbridge makes double development appointment
Tiffany Cooper joins as chief development officer – Americas and Caribbean, while Niall Kelly assumes the role of head of development – EMEA. Ongoing investment Aimbridge has appointed these seasoned leaders in key leadership positions as part of its ongoing...
Deep dive with Michael Struck, CEO and founder, Ruby Hotels
Michael Struck detailed how precisely choosing each microlocation for its city properties and individually tailoring each site is a winning formula. Flexible approach When Struck established Ruby Hotels in Germany in 2013, he did so with a clear idea of how the brand...
Deep dive with Felicity Black-Roberts, vice president, development, Europe and North Africa, Hyatt
Felicity Black-Roberts is responsible for a regional pipeline currently exceeding 40 properties, but she is enthusiastically looking to add to that number. Regional maturing While she hopes that the 45% opening proportion will be sustained, she outlined: “Hyatt is...
Hilton recruits new Middle East and Africa leader
Guy Hutchinson will take up the role in early 2024, returning to Hilton after nearly a decade, having served as both COO and CEO at Abu Dhabi-based Rotana Hotels & Resorts. International experience Hutchinson's previous experience includes 16 years at Hilton,...
French hotel group brings in next generation to deliver growth
Alexandre Barrière and Joy Desseigne-Barrière have become chairs of the group and have appointed Grégory Rabuel as CEO. Developing and diversifying The new co-chairs have bought out the shares owned by Fimalac since 2011, and have the ambition of developing and...
Deep dive with Ron Pohl, president of international operations, BWH Hotels
Ron Pohl, also president of the group’s WorldHotels division, outlined why high end hotels and soft brands offer major opportunities for the US-headquartered home of the Best Western Hotels & Resorts brand umbrella. What are your development plans for your luxury...
