KSL Capital acquires La Costa Resort and Spa

03/17/2010 | San Diego Union-Tribune

Private-equity firm KSL Capital Partners has acquired the La Costa Resort and Spa in Carlsbad, Calif., after recently purchasing nearly $400 million in debt on the property at a highly discounted price. The 479-room hotel has seen its stature decline in recent years amid several changes in ownership, and analysts say the acquisition could signal a revival for the once well-regarded hotel.

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