KSL Capital Partners to Acquire Mackinac Island’s Grand Hotel
Mackinac Island’s Grand Hotel will soon be under new ownership.
The Musser family and KSL Capital Partners, LLC made the announcement Tuesday.
The purchase is expected to be complete within the next 30 days.
The Musser family has owned the Grand Hotel for more than 85 years.
Dan Musser III will remain chairman to provide leadership and guidance to the team.
“It has truly been an honor and a privilege for my family to serve as steward of this incredible Michigan landmark for nearly nine decades. This is a role we have not taken lightly, nor was this decision to transfer ownership to KSL,” said Musser. “KSL is a seasoned investor in travel and leisure businesses, with a depth of resources and capabilities to provide exceptional service. KSL has owned and operated some of the most prestigious destinations in the world, and we are pleased that they will help preserve the history and heritage of Grand Hotel.”
Stay with Northern Michigan’s News Leader as we work to bring you more details.