Denver, CO – KSL Capital Partners, LLC (KSL) and Arcade Capital LLC announced today the acquisition by their affiliates of the iconic Silverado Resort and Spa, a luxury resort in the heart of Napa Valley wine country. Terms were not disclosed.

A 2021 Trip Advisor Traveler’s Choice Award Winner and an annual recipient of the AAA Four Diamond Award since 1976, Silverado has been one of Napa Valley’s premier destinations for over 150 years, first as a private estate and now a contemporary 449 room resort, with two Robert Trent Jones, Jr. designed championship golf courses, a 16,000-square-foot spa and fitness center and 70,000 square feet of indoor and outdoor event space for members and guests.

“We could not be more pleased to have been provided the privilege of acquiring the Silverado Resort and Spa,” said Michael Mohapp, Principal at KSL.“At KSL, we take great pride in having had the opportunity of owning and investing in some of the most storied hotels and resorts in the world. Our goal is to preserve what makes each asset unique, while at the same time making new investments to meet the expectations of today’s travelers. There are few places like Napa Valley, and we look forward to working with the broader Silverado community in enhancing the resort for the benefit of its guests and its neighbors.”

“KSL Capital is a best-in-class institutional partner with deep expertise with complex resort properties of this nature, and we are excited to partner with KSL on this investment,” said Will Obeid, founder and Principal of Arcade Capital.“Silverado Resort and Spa has top-notch golf, tennis and resort amenities encompassing a large, prime location in Napa Valley, making it a truly remarkable and rare property. The Napa Valley lifestyle embraces great food, wine, community, wellness, and outdoor activities among nature’s most beautiful surroundings. We look forward to enhancing these values at the Silverado Resort and Spa.”

Surrounded by Napa Valley’s more than 400 wineries and situated on 300 picturesque acres, Silverado is known for its centerpiece pillared mansion built in 1870. The acclaimed property now features three contemporary dining venues, three guest swimming pools, ten plexi-paved outdoor tennis courts, three bocce ball courts and a multitude of other recreational offerings for members and guests.

More information on Silverado Resort and Spa is available at www.silveradoresort.com.

About Arcade Capital LLC

Arcade Capital Group is a private real alternative investment firm and advisor focused on sustainability, wellness, and purpose-based living. Founded in 2014 by Will Obeid, the firm specializes in opportunistic real estate investing, hotel management, and the global wellness economy.

About KSL Capital Partners, LLC

Hersha Hospitality Trust (HT) is a self-advised real estate investment trust in the hospitality sector, which owns and operates luxury and lifestyle hotels in coastal gateway and resort markets. The Company's 25 hotels totaling 3,811 rooms are located in New York, Washington, DC, Boston, Philadelphia, South Florida, and California. The Company's common shares are traded on The New York Stock Exchange under the ticker "HT." For more information on the Company, and the Company's hotel portfolio, please visit the Company's website at  www.kslcapital.com.

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