Mackinac Island’s Historic Grand Hotel Sold
The Musser family, the owners and operators of the iconic Grand Hotel on Mackinac Island since the Great Depression, have announced the sale of the famed hotel. The majestic 397-room hotel has been bought by a Denver-based travel industry private equity firm.
The change of hands will now have The Grand Hotel branded under the Pivot Hotels & Resorts brand, which is a division of Atlanta-based Davidson Hotels & Resorts.
The popular summer spot known for its beautiful 660-foot long porch, which happens to be the world's longest, has been owned by the Musser family since 1933. Dan Musser III, the third-generation owner and president,will remain chairman with the transaction expected to close within the next 30 days.
Musser commented in a statement, “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." KSL Capital Partners is a private equity firm that specializes in travel and leisure companies.