Davidson Hotels & Resorts Expands its Pivot Hotels & Resorts Portfolio with the Addition of Hotel Viking Newport

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. May 10, 2017

LOS ANGELES, CA. May 10, 2017 - Davidson Hotels & Resorts welcomes the addition of Hotel Viking, an iconic 208-room historic property in Newport, Rhode Island, into its portfolio, under its luxury and lifestyle division, Pivot Hotels & Resorts. Known as the “City by the Sea,” Newport once rivaled New York and Boston as a center of commerce and was the preferred vacation destination for “America's First Families.” Today, it remains one of the most affluent summer vacation destinations in the Northeast and attracts nearly 3.5 million visitors annually. Hotel Viking is located in the heart of Newport on Bellevue Avenue, steps from Newport's famed historic mansions and other attractions located along its path. Davidson's transition follows the acquisition of the property by an affiliate of KSL Capital Partners, LLC earlier this month.

Originally opened in 1926, Hotel Viking's guestrooms are romantic, luxurious, and classically adorned. Egyptian cotton bed linens, pillow top mattresses and ornately carved headboards create a truly elegant environment. Brimming with stories of famous dignitaries, Hotel Viking has offered gracious hospitality for over 90 years in a setting of style, comfort and modern amenities. Later this year, the hotel will undergo a multi-million dollar update to its guestrooms and public spaces to further enhance the guest experience.

“We are elated to add yet another historic landmark to the Pivot portfolio,” said Albert Smith, senior vice president of Pivot. “We look forward to incorporating the Hotel Viking's historic charm into our luxury division.”

Hotel Viking features multiple food and beverage outlets, including the award-winning One Bellevue Restaurant & Bar and the Top of Newport, a rooftop bar with spectacular views of the Newport Harbor and Narragansett Bay. The property also features nearly 15,000 square feet of meeting space, fitness center, indoor heated pool, a unique wedding chapel, and a full service spa featuring a selection of massage and skin treatments.

About Davidson Hotels & Resorts

Davidson Hotels & Resorts is an award-winning, full-service hotel management company providing management, development/renovation, acquisition, consulting and accounting expertise for the hospitality industry. Amassing one of the purest full-service hotel portfolios in the industry, Davidson, along with its lifestyle and luxury operating division, Pivot Hotels & Resorts, specializes in independent and branded assets in the upper-upscale to luxury segments including 42 hotels, nearly 13,000 rooms and 1.4 million square feet of meeting space across the United States. A trusted partner and preferred operator of Marriott, Hilton and Hyatt hotels, Davidson delivers hospitality and creates value for owners with every single hotel. More information can be found at www.davidsonhotels.com.

About Pivot Hotels l Resorts

Pivot Hotels & Resorts, the lifestyle and luxury division of Davidson Hotels & Resorts, operates with a deep-rooted passion for continuous innovation, exceptional service delivery, revenue generation, inspired marketing and financial responsibility. Constituted by some of the most accomplished leaders in lifestyle hospitality, Pivot Hotels & Resorts caters to today's experience-seeking, adventure-minded traveler through inspiring design, thoughtful service, and one-of-a-kind experiences at each of its hotels and resorts. Pivot Hotels & Resorts operates eight hotels and resorts across the US with two more in development in Chicago and Nashville. More information may be found at www.pivothotels.com.

About KSL Capital Partners

KSL Capital Partners, LLC is a private equity firm specializing in travel and leisure enterprises in five primary sectors: hospitality, recreation, clubs, real estate and travel services. KSL has offices in Denver, Colorado; Stamford, Connecticut; and London. Since 2005, KSL has raised approximately $7.5 billion in equity capital commitments. KSL's current portfolio includes some of the premier properties in travel and leisure. For more information, please visit www.kslcapital.com.