KSL Resorts, KSL Capital Partners’ independent management company, has appointed a new vice president of investments and business development.
Nordee Saritvanich will be tasked with expanding KSL Resorts’ growing boutique resort platform, targeting leisure-based, boutique hotels in secondary and tertiary destination markets nationwide.
Investment opportunity sourcer
With over 15 years of commercial and hotel real estate experience, Saritvanich is adept at sourcing and securing new investment opportunities.
Prior to KSL Resorts, Saritvanich served as vice president of Pacifica Hotels/Invest West Financial Corporation, a full-service real estate investment firm. There, he led Pacifica’s investment strategy and expanded its portfolio through new acquisitions. Saritvanich also brings with him extensive experience from globally recognised companies, including Jones Lang LaSalle and HVS Global Hospitality Services.
Saritvanich earned a Master of Science degree in real estate finance and investments from New York University and a certificate in hotel real estate investments and asset management from Cornell University. He holds a Bachelor of Arts degree in psychology from the University of California, Irvine.
Experience and talent
According to Michael Palmeri, chief investment officer of KSL Resorts: “Nordee brings a great combination of experience and talent, and we are thrilled to have him join the KSL Resorts leadership team as we aggressively grow the platform.”
President and CEO, Scott Dalecio, said: “KSL Resorts’ 30-year history and successes are rooted in the investment and operation of destination resorts. We see a unique opportunity to parlay that expertise into the boutique hospitality segment.”
The company recently acquired the 124-key Vespera Resort on Pismo Beach, an Autograph Collection hotel, in Pismo Beach, California, and 96-key Marram in Montauk, New York, and has plans to grow the portfolio to more than 20 assets by 2025.
The group’s investment firm, KSL Capital Partners, is currently bankrolling several European developments including a pair of edyn properties, Locke de Santa Joanna Lisbon in the Portuguese capital and Locke Zurich in Switzerland. The investor is also involved in two Beaumier Hotels & Resorts projects in Bern, Switzerland: Hotel Belvedere and Wengener Hof.