The Friedkin Group has entered into a strategic partnership with BDT & MSD Partners, a merchant bank which, through its affiliated hospitality investment vehicle, will make a minority investment in the Auberge Resorts Collection, the manager of a global portfolio of luxury hotels, resorts, residences and private clubs.
In addition, BDT & MSD’s hospitality vehicle intends to invest significant capital towards acquiring and developing luxury hotel and residential assets that will be branded and managed by Auberge Resorts Collection.
The investment will support Auberge’s continued strategic growth in the Americas, Europe and beyond, with a focus on gateway urban markets and high-profile experiential destinations, according to the parent company.
“This partnership further solidifies Auberge Resorts Collection’s position as the leading name in boutique luxury hospitality and marks a new and exciting era for our world-class portfolio,” said Dan Friedkin, chairman, Auberge Resorts Collection and chairman/CEO, The Friedkin Group. “BDT & MSD’s differentiated, long-term capital and expertise in luxury hospitality investments makes them a perfect strategic partner and will allow us to further grow the strength of the Auberge brand.”
Coburn Packard, partner/head of real estate, BDT & MSD, said, “Auberge is a world-class manager of distinctive luxury hotel properties, with an exceptional track record of delivering curated guest experiences in the world’s leading hospitality markets. We are excited to be a part of its future and look forward to partnering with Auberge’s talented team to build on its differentiated strengths and accelerate further growth.”
Since becoming part of The Friedkin Group in 2013, Auberge Resorts Collection has grown to a portfolio of 27 properties across the U.S., Latin America and Europe, with a development pipeline of more than a dozen hotels and two additional hotels planned to open in Florence and South Carolina this year.
