DETROIT - The historic Grand Hotel on Mackinac Island has been sold to a private equity firm.
KSL Capital Partners, LLC (KSL) and the Musser family announced today that they have entered into a definitive agreement under which an affiliate of KSL will acquire the Grand Hotel from the Musser family, whose legacy with the hotel dates back over 85 years.
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."
Located on Michigan's historic Mackinac Island, the 397-room hotel, with its famed 660-foot long porchthe world's longest porchis a National Historic Landmark that overlooks the Straits of Mackinac and the Mackinac Bridge.
"KSL understands the importance of Grand Hotel to Mackinac Island, the State of Michigan and beyond, as well as its history, charm and traditions.