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Eric Resnick

Co-founder & CEO, KSL Capital Partners. On 1 show, 1 appearance. The Shows tab opens the full record on each.

investorfounderexecutive

Eric Resnick is the co-founder and CEO of KSL Capital Partners, a private equity firm focused on the travel and leisure sectors. Founded in 2005, the firm has made major investments across hospitality, outdoor recreation, and resort operations.

1shows
1appearances
33statements
7resolved
2supported
0contradicted
29%fully supported

Everything Eric Resnick said on any show that made the record, most notable first. Each card names its show and opens the statement there.

Resnick: KSL vertically integrates real estate ownership and operating management
“We love to invest thematically. So we identify a theme that we believe has legs, and then we like to vertically integrate so we can own both the real estate associated with that theme, as well as an operating capability. So build out a management team that can…”
Eric Resnick Jun 19, 2023 ▶ 27:45 Eric Resnick – Ski, Golf, and Vacation Investing at KSL (EP.322)
CAPITAL ALLOCATORS Assertion Partly supported
Resnick: Ancillaries drive up to 70% of resort revenue, unlike urban hotels
“Someone who tends to look at urban hotels, 80% plus of the revenue, maybe even 90% is coming from the hotel room rate. You go into the resort world, perhaps 30%, 40% of the revenue is coming from the hotel room rate. All the other revenue comes from everything…”
Eric Resnick Jun 19, 2023 ▶ 36:26 Eric Resnick – Ski, Golf, and Vacation Investing at KSL (EP.322)
CAPITAL ALLOCATORS Assertion Partly supported
Resnick: Skiing reached an all-time record season in 2023
“So skiing this year, for example, had its record year by far ever in the history of skiing.”
Eric Resnick Jun 19, 2023 ▶ 41:18 Eric Resnick – Ski, Golf, and Vacation Investing at KSL (EP.322)
Resnick: Financial models are 'wrong the moment you start'
“And in doing so, the one thing you know is that you're wrong the moment you start. That's the reality of every model. And we can't take them as gospel because I don't think we've ever hit a model spot on. It's virtually impossible. So it's understanding the im…”
Eric Resnick Jun 19, 2023 ▶ 48:05 Eric Resnick – Ski, Golf, and Vacation Investing at KSL (EP.322)
Resnick: KSL stress-tests downside against GFC and COVID before modeling upside
“And now one of the things we look at a lot is, so how did something do during COVID? And before COVID, it was how did things do during the GFC? And we still have access to that data typically. So we've stress tested this industry incredibly significantly in th…”
Eric Resnick Jun 19, 2023 ▶ 48:35 Eric Resnick – Ski, Golf, and Vacation Investing at KSL (EP.322)
Resnick: KSL targets at least two-thirds real-estate-intensive businesses
“Generally speaking, we want two-thirds or more of our businesses to be real estate intensive.”
Eric Resnick Jun 19, 2023 ▶ 50:13 Eric Resnick – Ski, Golf, and Vacation Investing at KSL (EP.322)
Resnick: KSL allocates 20% to 30% to growthy consumer businesses
“And then you balance that with say, 20 or 30% of the portfolio That has more of a growthy consumer profile that may be less capital intensive, but that adds some extra alpha too. But there's probably a bigger range of investment outcomes.”
Eric Resnick Jun 19, 2023 ▶ 50:44 Eric Resnick – Ski, Golf, and Vacation Investing at KSL (EP.322)
Resnick: Stabilizing Complex Assets Unlocks Passive Buyers for Private Equity Exits
“Fundamentally, if we can take a complicated asset, if we can simplify that, stabilize it from a structural perspective, from a physical perspective, upgrade the asset, make sure it's in great condition, Really show the market what it can be. What we do is we o…”
Eric Resnick Jun 19, 2023 ▶ 53:00 Eric Resnick – Ski, Golf, and Vacation Investing at KSL (EP.322)
Resnick: Private clubs create value through pooled resource access
“When we think of clubs, we think of an opportunity for people with a like-minded interest to come together, and by pooling their resources effectively, they get access to something they couldn't otherwise get access to.”
Eric Resnick Jun 19, 2023 ▶ 45:30 Eric Resnick – Ski, Golf, and Vacation Investing at KSL (EP.322)

One line per show, most statements first. The link opens Eric's full record on that show: the calibration, argument clarity, speaking style and every statement made there.

ShowRole thereEpsStatementsRecord
CAPITAL ALLOCATORSLEDGER Co-founder & CEO, KSL Capital Partners 1 33 29% 2/7 full record on Capital Allocators →
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