KSL Capital Partners Agrees to Acquire Historic Grand Hotel on Michigan’s Mackinac Island
MACKINAC ISLAND, MICH. — KSL Capital Partners LLC has agreed to acquire the Grand Hotel on Mackinac Island from the Musser family, whose legacy with the hotel dates back over 85 years. Terms of the transaction, expected to close within the next 30 days, were not disclosed. Dan Musser III will remain chairman. The 397-room hotel is a National Historic Landmark that overlooks the Straits of Mackinac and the Mackinac Bridge. Its 660-foot long porch is the world’s longest porch, according to a news release. Mackinac Island does not allow motorized vehicles, so guests arrive by ferry or airplane and are transported to the hotel by horse and carriage. Open from early May to late October each year, the Grand Hotel first opened in July 1887. Pivot Hotels & Resorts, the lifestyle and luxury operating division of Davidson Hotels & Resorts, will manage the property for KSL.