Eric Resnick

Co-founder & CEO, KSL Capital Partners · 1 appearance on the record.

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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.

33statements → 11claims → 7claims resolved → 29%fully supported → 3.85/5average certainty → 1.55/5average debate potential → ≈4.5/5argument clarity, estimated →

2 supported 5 partly supported 0 contradicted 2 not yet assessed 2 not checkable as stated how the 11 claims stand · each chip opens the sources

3 predictions · 8 assertions · 2 opinions · 12 insights · 8 disclosures · every statement was checked. The predictions and assertions are the 11 claims: statements the public record can support or contradict. 7 are resolved, 2 are not yet assessed, and 2 name no date, number or outcome precise enough to check. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Eric argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable supported claim

Assertion Supported

Resnick: KSL is the largest private travel and leisure investor

“We're one of the only groups that focuses on it at scale. I think we're the largest private investor and travel and leisure businesses in the world.”

Eric Resnick Jun 19, 2023 ▶ 20:02 Eric Resnick – Ski, Golf, and Vacation Investing at KSL (EP.322)

Expressed certainty vs assessment result

none yet certainty 1

none yet certainty 2

75% certainty 3

60% certainty 4

none yet certainty 5

weighted support: a fully supported claim counts one, a partly supported claim counts half. Each filled bar is clickable and opens exactly those claims; "none yet" means nothing said at that certainty level has resolved yet

How they sound: not measured why? →

We measure speaking style by listening to the audio itself, and a fair number needs at least 2,000 words from one person on tape we have measured. There is too little of Eric Resnick on measured tape to publish a rate. This says nothing about how they speak.

What they said33 Episodes1

Everything Eric Resnick said on Capital Allocators that made the record, most notable first. Filter by type, assessment or year in the ledger →

Disclosure

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)

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)

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)

Insight

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)

Disclosure

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)

Disclosure

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)

Disclosure

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)

Insight

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)

Insight

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)

Appearances (1)

Episode	Date	Speaking time
Eric Resnick – Ski, Golf, and Vacation Investing at KSL (EP.322)	Jun 19, 2023	45m

Eric Resnick

The record, in short

Their most notable supported claim

Expressed certainty vs assessment result

How they sound: not measured why? →

Appearances (1)

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