Eden Hotels announces capital investment plans and creation of a new parent corporate company, Zien Group.24 Jan 2023 | Business
Amsterdam, 15 september 2022 - Zien Group will be the home of Eden Hotels and all future brands and businesses. Current Eden Hotels CEO, Billy Skelli-Cohen will lead Zien Group, which will be based in Amsterdam with offices in London.
Skelli-Cohen has set out plans for Zien’s first two businesses, including a commitment of over 50 million Euros of capital investment into the existing portfolio of hotels alongside significant capital to grow the business. Zien will prioritise a refinement of the Eden brand with refurbishments of some properties; as well as create a new brand of individual hotels, initially by re-imagining some of its own assets.
Skelli-Cohen explains: “The support and investment from KSL and the Dijkstra family allows us to unlock potential by elevating the hotels in our portfolio, and enabling our plans to grow across Europe and the UK. This marks the start of a transformational moment for our group and our team – it’s incredibly exciting and I am thrilled to be part of it.”
KSL & Eden Hotels
KSL Capital Partners, a leading private equity firm in travel and leisure, acquired a majority stake in Eden Hotels in Dec 2021. Eden Hotels was created by the Dijkstra family exactly 75 years ago, and currently has a portfolio of 14 hotels across the Netherlands. Skelli-Cohen was appointed as CEO of Eden Hotels in May 2022, with a mandate to build a robust platform for growth and development.
Zien Group is looking to expand both Eden Hotels and the new brands beyond the Netherlands, and is actively looking at new opportunities in Europe and the UK.
About Eden Hotels
Eden Hotels has built a compelling collection of city centre hotels over two generations. Offering local experience and lasting memories since 1947. KSL acquired a majority stake in December 2021. Eden currently consists of 14 hotels including the Hard Rock Hotel Amsterdam American, The Lancaster Hotel Amsterdam, Eden Hotel Amsterdam, Jan Luyken Hotel, The Manor Amsterdam, The ED Amsterdam, City Hotel Hengelo, Crown Hotel Eindhoven, Holiday Inn Eindhoven, Babylon Hotel Den Haag, Designhotel Maastricht, City Hotel Groningen, Oranje Hotel Leeuwarden and the Savoy Hotel in Rotterdam. For more information, please see www.edenhotels.nl or visit the individual hotel websites.
About KSL Capital Partners
KSL Capital Partners, LLC is a private equity firm specialising in travel and leisure enterprises in five primary sectors: hospitality, recreation, clubs, real estate and travel services. KSL has offices in Denver, Colorado; New York City; Stamford, Connecticut; London, England and Singapore. Since 2005, KSL has raised appoximately $18 billion of capital across both equity, credit and tactical opportunities funds. KSL's current portfolio includes some of the premier properties in travel and leisure. In addition, KSL’s European Capital Solutions (ECS) platform focuses on non-controlling equity and credit investments throughout the capital structure across the European travel and leisure space. For more information, please visit www.kslcapital.com.
About Zien Group
Zien Group was created in September 2022, as a platform to hold owned and operated hospitality businesses. The name Zien is derived from the Dutch word “to see or have vision”, reflecting the group’s heritage and mission to unlock potential in real estate through hospitality. Zien Group will start with its Netherlands based existing portfolio of hotels, refining Eden and creating a new brand of independent hotels. The ambition is to grow further across Europe and the UK. Zien Group CEO, Skelli-Cohen is a seasoned hospitality operator with a proven track record in investment, development, and operations. While CEO of Lore Group, Skelli-Cohen led the acquisitions, repositioning, and operations of iconic hotels such as Pulitzer Amsterdam, Sea Containers London, and Riggs Washington DC. Most recently, Billy co-founded the hospitality brand Àterre. For more information about Zien Group please visit theziengroup.com or Zien Group on LinkedIn.