Surfersvillage Global Surf News, 7 January, 2014 -- Quiksilver is making a play for the hotel market. The company inked an exclusive license agreement with Matteson Capital, which is looking to raise some $250 million in a private offering for Newport Beach-based MC Hospitality Fund LLC.
MC Hospitality Fund operates as Quiksilver Hotels & Resorts International.
A release from Alpha Strategies Investment Marketing, which has an office in Newport Beach and holds the marketing contract for the fund, said money raised will be spent "over the next three to five years [on] the acquisition, repositioning, development, and operation of active lifestyle hotels and resorts throughout the world’s most popular travel and leisure destinations."
The release also said that Quiksilver Hotels & Resorts properties will be designed around the surf-inspired culture associated with the Quiksilver brand.
Quiksilver entered the hospitality business last year when it opened Quiksilver Holiday Rental Apartments in Byron Bay on Australia's eastern coast.