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Trivest Partners And Queens Court Capital Management Announce Formation Of Pet Resort Hospitality Group, A Platform In The Pet Services Industry

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MIAMI, (BUSINESS WIRE) -- Trivest Partners ("Trivest") announces the formation of Pet Resort Hospitality Group ("PRHG" or the "Company"), a buy-and-build thesis in the pet services industry with the goal of building a best-in-class operation across various states with a focus on daycare, boarding, grooming, and training. Trivest's investment will come from Trivest Discovery Fund II, a $600 million fund dedicated to investing in founder and family-owned businesses within fragmented industries that have enormous potential to scale. PRHG is Trivest Discovery Fund II's 2nd platform investment.

The announcement follows PRHG's acquisition of Play All Day ("PAD"), a five-location pet resort across New Hampshire and Massachusetts providing daycare, boarding, grooming, and dog bath services. Amanda Field, who founded PAD in 2007, will continue to operate the business while helping PRHG greenfield new locations across the Northeast. PRHG will serve as the umbrella for the platform with each acquired business retaining its brand equity in its served market.

Queens Court Capital Management ("Queens Court"), led by Azhar Quader, co-founded, architected and co-invested in PRHG alongside Trivest. Quader is an experienced private equity professional with a history of successful investments across various end-markets, including the pet care services space. Quader reunited with Eyal Cohen, Co-Founder of PRHG, on launching the strategy to build a nationwide platform. Quader and Cohen recently exited a successful investment in the pet care services space.

"We believe that PRHG has the opportunity to become a scaled platform with several best-in-class brands across multiple markets. There are over 128,000 similar businesses in the United States amounting to a total annual spend of $9 billion in pet boarding, grooming, and day care services. We are confident that our deep industry experience and expertise in rapidly scaling businesses through acquisitions will help us be successful growing PRHG to its full potential. We are excited to bring data-driven decision making and improvements across financial and operational playbooks into this end market. It has been a pleasure getting to know Amanda, and we are excited to embark on this journey together alongside Play All Day and Trivest." said Quader, who will also serve as Executive Chairman of PRHG.

"I'm proud to partner with Queens Court and Trivest Partners in building a new platform in the pet resort and hospitality space. We are building the very best pet hospitality business in the industry and plan to be a home for many owners like Amanda. We will nurture a collaborative and familial culture by empowering employees, investing in their personal well-being, and creating the best culture in the pet services industry" said Cohen, who will serve as Chief Development Officer.

"PRHG represents a unique opportunity for Trivest to partner with a talented and experienced leadership team to build a leading, full-suite pet services platform. Trivest's strategy of partnering with and growing founder and family-owned businesses in fragmented industries is well-aligned with PRHG. We plan to leverage Trivest's deep consumer services experience to help PRHG become one of the leading pet services companies, while preserving the lasting legacies and established brands that founders have built," added Brian Connell, Partner at Trivest.

About Pet Resort Hospitality Group

Pet Resort Hospitality Group is a provider of pet services including daycare, boarding, grooming, and training. PRHG is led by a management team with a lengthy track record of successful private equity transactions, with recent success in the animal companion space. Each business within the PRHG family benefits from the experience of the PRHG leadership team in areas such as acquisition planning and integration, growth planning and strategic tactics, brand and technology unification, scalable resources and support, and back-office management. The Company is currently pursuing strategic add-on acquisitions of multi-unit pet services businesses throughout the United States. To learn more, visit www.Petresorts.Love.

About Trivest

Founded in 1981, Trivest Partners is one of the oldest private investment firms in the United States. For over four decades, Trivest has built its entire business model around helping founder-owned businesses transition and realize a long-term future as successful independent companies. Over its history, the firm has completed nearly 500 transactions, totaling almost $8 billion in value. To learn more, visit www.Trivest.Com.

About Queens Court Capital Management

Queens Court Capital Management is a new age private equity firm that incorporates the best practices from being an operator, an entrepreneur, and an investor. Led by Azhar Quader, Queens Court is a special situations control oriented private equity firm building on a successful track record as an independent sponsor. Over the past few years Queens Court has deployed over $100 million in equity capital across several proprietary platforms in the middle market and has successfully realized results putting it in the top percentile of independent sponsors. In each investment Queens Court activates value creation playbooks strategically and leverages deep operator networks, maximizing returns in each investment, while protecting for the downside. Queens Court has generated significant value creation for its investor base including successful exits, partial sales, and dividend recapitalizations across portfolio companies.

View source version on businesswire.Com: https://www.Businesswire.Com/news/home/20230418005464/en/

SOURCE: Trivest Partners

Herby Raymondhraymond@trivest.Com(305) 858-2200

Azhar Quaderazhar@queenscourtcap.Com(914) 217-5726

COMTEX_429593248/2456/2023-04-18T08:05:19

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Vibrant Living: Doggy Daycare & Pet Resorts

When you leave for vacation, where does your dog stay? Doggy daycare and pet resorts are on the rise. Soni Dimond takes us to Oscar's Pet Resort in Lancaster to take a tour of their facilities. Your four legged friend will live in luxury while you're enjoy some rest and relaxation of your own.

You'll Never Want To Leave: Lakedale Resort, Friday Harbor

© Provided by Traveling with MJ Growing up in Washington State, we took the San Juan Islands for granted. Sure, we studied the islands in Washington State History and went there on field trips, but we never thought of it as someplace people would voluntarily go. Especially not for a vacation. Boy, were we wrong! We headed off to Friday Harbor earlier this year for a stay at Lakedale Resort in Friday Harbor (on San Juan Island). The 82-acre resort has three spring water lakes and a variety of lodging options to fit every preference and budget, from its rustic luxury lodge to camping sites. We loved our stay at Lakedale Resort and never wanted to leave. We think you'll feel the same way, too. This is part of a series of monthly themed features talking about places we've stayed and never wanted to leave. This post […]

Growing up in Washington State, we took the San Juan Islands for granted. Sure, we studied the islands in Washington State History and went there on field trips, but we never thought of it as someplace people would voluntarily go. Especially not for a vacation.

Boy, were we wrong!

We headed off to Friday Harbor earlier this year for a stay at Lakedale Resort in Friday Harbor (on San Juan Island). The 82-acre resort has three spring water lakes and a variety of lodging options to fit every preference and budget, from its rustic luxury lodge to camping sites.

We loved our stay at Lakedale Resort and never wanted to leave. We think you'll feel the same way, too.

This is part of a series of monthly themed features talking about places we've stayed and never wanted to leave. This post may contain affiliate links, sponsored travel, sponsored content, or paid product placement. We've hand-picked these destinations and products because we like them and we think you will, too.

Lakedale Resort The Room at Lakedale Resort

Located about halfway between the towns of Friday Harbor and Roche Harbor, on San Juan Island, Lakedale Resort has several styles of accommodations. We stayed in the main lodge, set on the shoreline of Neva Lake, with a luxurious Pacific Northwest rustic decor. It felt cozy and casual, definitely not roughing it. It was like the very best parts of summer camp without any of the worst parts of it, with the added attraction of wine and complimentary wi-fi.

Bedroom at the Lodge at Lakedale Resort Friday Harbor

We headed to Lakedale Resort for a winter visit and stayed in a luxury queen room with a view of Neva Lake. The decor and bedding were lodge-like, creating a cozy vibe, and a gas fireplace kept the room toasty warm as well as added to the rustic ambiance.

Our balcony provided a view of the lake, with plenty of room for us to sit and relax. I found myself enjoying the quiet morning time, shortly after the sun came up, when I sipped a cup of coffee and eased into the day.

A refreshment center had a sink, coffee maker with coffee and tea, and a refrigerator. We brought snacks and wine to enjoy in front of the fireplace.

Seasonal note: During peak season, May-October, Lakedale Resort has a General Store that is stocked with snacks, beverages, and picnic items like fresh sandwiches and salads. For the rest of the time, there's a full grocery store in downtown Friday Harbor, and in the resort great room is an honor bar with a selection of reasonably priced Northwest wines.

We visited during the winter season, and after exploring the extensive grounds at Lakedale Resort returned to warm up. A bubble bath in the soaking tub, complete with a glass of wine, was a relaxing prelude to reading in front of the fireplace and an early evening nap.

There was no cell phone reception on the grounds (we use AT&T) and, in fact, it was spotty coverage throughout a good portion of the island. There is a strong wi-fi signal in the Lodge and the room phones were VoIP-based – you're not cut off from civilization.

While the room is lovely enough that you may never want to leave it, you really will need to check out the rest of the grounds at Lakedale Resort.

The Great Room at Lakedale Resort

Located off the lobby of the lodge, the great room lives up to its name. It really is great – it makes a great first impression, it provides a great view of Lake Neva, it has an honor bar with great Pacific Northwest wines, and it is a great spot to hang out when you don't want to stay in your room.

great room at Lakedale Resort Friday Harbor

A selection of DVDs are housed on one wall, take a browse and if you find something you like you can take it to your room to enjoy.

There's also a small gift shop just off the great room that has a selection of products from Pacific Northwest artists and purveyors. If you're looking for a gift (whether for yourself or someone else), you can't go wrong here.

The Food at Lakedale Resort

Breakfast is included with all stays at the Lodge, although there isn't a traditional restaurant at the resort. The dining room is set up for a breakfast buffet with egg selections cooked to order.

The choices vary, but you'll likely find breakfast favorites like oatmeal, cereal, yogurt, specialty granola, fresh fruit, pastries and bread, homemade jam and jelly, a daily egg dish, and an assortment of beverages. We found the selections fresh and delicious, and a nice balance of healthy choices and decadent indulgences.

There are barbecue pits outside the lodge, and in front of the lake, if you'd like to cook during your stay. Pick up your food before arriving at the resort, taking advantage of the sink and refrigerator in your room, and then fire up the barbie when it's time for dinner.

If you don't want to bring your own food, there are restaurants in Friday Harbor, about a 15-minute drive.

Other Accommodations at Lakedale Resort

In addition to the Lodge at Lakedale Resort, there are other value luxury options for your stay. The resort is family and pet-friendly. Although no pets or young children permitted as guests in the Lodge (all guests must be over 16 years of age), all other options can accommodate them.

log cabin at Lakedale Resort Friday Harbor

Log cabins are located alongside the Lodge and provide more privacy and self-sufficiency. These are fully furnished and provisions homes, perfect for a family or a group of friends, and have all the touches of home. With a full kitchen, there's also the advantage of more room to cook.

Upscale yurts were being constructed when we visited, and now incorporated into the accommodation offerings, and come complete with bathrooms and other luxury amenities. Perfect for a couple who is looking for something a little more unusual for a stay, without sacrificing any comforts.

For retro luxury, try a stay in the fully equipped classic Airstream trailer. Or if you have your own travel trailer or camper, hookup at one of the RV pads.

If you're staying during the peak season, upscale canvas cabins are available, many of which are large enough to accommodate the entire family. These are remarkably spacious, several located directly on one of the three lakes, and have the added advantage of a large picnic area for meals and family gatherings. Note, however, these do not have indoor bathrooms and share a community facility.

The Grounds of Lakedale Resort

We loved the wilderness feel of the Lakedale Resort!

Although it might seem like there are a lot of accommodation options crammed in, that's not the case at all. Remember, there are 82-acres here, and while much of the area is lakes and wilderness, the Lodge, cabins, yurts, tents, and camping spaces, have been integrated around the property in a way that allows everyone to enjoy the natural beauty of the property.

Outdoor activities offered will vary based on the time of year that you visit. There's plenty to keep you busy and active, from swimming and boating to games of horseshoes and bocce ball. During the summer season, sign up for family-specific activities and the General Store. Typical activities include outdoor recreation, arts and crafts, and cooking classes.

bird watching at Lakedale Resort Friday Harbor

The resort is a popular spot for birdwatching (there are binoculars thoughtfully provided in your room) and also for fishing. Wide-mouth bass and trout are stocked in lakes, so get your pole and see if you can catch your dinner (you can get a fishing license onsite).

While we visited during the rainy season, it didn't rain all the time, and we did enjoy a hike (perhaps more of a walk) around the grounds. We saw a couple out on the lake in a paddleboat and others playing some outside games. Your weather tolerance will decide if this is an indoor or outdoor vacation.

If You Go Staying at Lakedale Resort

Lakedale Resort is located at 4313 Roche Harbor Road, Friday Harbor, Washington. This is on San Juan Island, the largest island in the San Juan archipelago.

As you'd expect, rates vary widely depending on the season. Rates at the Lodge start around $185/night and include breakfast. The Lodge books up quickly, even in the off season as it's popular for retreats and weddings, so we recommend planning well in advance.

Check the Lakedale Resort website for availability and rates for the log cabins, yurts, canvas cabins, RV pads, and camping sites.

Getting to Friday Harbor

San Juan Island is accessible only by air or by sea. There is no bridge access.

Most visitors arrive by ferry from Anacortes. The Washington State Ferry system offers year-round service to San Juan Island, although not every sailing to the San Juan Islands includes a stop at Friday Harbor on San Juan Island. Note the plural islands, not the singular island, as it can cause confusion.

washington state ferry to San Juan Island

The ferry schedule varies greatly by season, check the schedule here. In the summer, reservations will likely be mandatory as wait times can be several hours without them. The rest of the year, except for holidays, you're probably safe with driving on.

Lakedale Resort is located about five miles (about a 15-minute drive) from the ferry terminal in downtown Friday Harbor. You can stop in Friday Harbor to pick up groceries and other goods before heading out to romantic privacy and comfort of the resort.

There are two small airports on San Juan Island: Friday Harbor Airport in the main part of the island and Roche Harbor Airport on the north part of the island.

Buying Guide

Guidebook – While locals may visit Lakedale Resort as a simple getaway, if you're traveling from farther away, you may be spending some time exploring in the San Juan Islands. It's fun to wander and explore, but given that these are islands, a little planning will help maximize your time.

For a general overview of the islands, [amazon_textlink asin='163121425X' text='Moon San Juan Islands' template='ProductLink' store='travelingwithmj-20′ marketplace='US' link_id='3bb0e568-eabc-11e8-99f6-25d5a835d392′] gives reliable advice. You'll find strategic itineraries to maximize your time, curated recommendations, and lots of practical tips on getting around and enjoying all of the San Juan Islands.

Price: $13.59, available on Amazon here.

Pajamas – Since our visit to Lakedale Resort was during the offseason, we knew that it might be a little cold and rainy. While the room had robes for our use, there's not much that says cozy night in more than lounging in front of the fire in comfy flannel pajamas.

We've been a fan of PajamaGram for years and probably have nearly a dozen pair, both for winter and summer wear. These Christmas-themed plaid pajamas are one of my favorite and are available for the entire family.

Price: Starting at $14.99. Buy directly from Pajamagram (they have beautiful gift packaging) or find them on Amazon here (note that the price quoted here is Amazon pricing). These would make a great gift, too.

Slippers – While I generally go barefoot at home, I like to pack a pair of slippers when I travel. Not only does it keep me warm, but it protects against any ickiness that may be lurking on a hotel room floor. Flip flops don't really do it for me and I prefer something a little more substantial that still doesn't take up too much room in my bag.

These ballerina style slippers are both pretty and practical. The uppers are a cashmere knit trimmed with a simple bow while the inside has a comfortable cotton lining with memory foam. With a non-slip sole, they're safe on any surface. They're machine washable too.

Price: $12.00, available on Amazon here.

Wine – It seems that lately we've been drinking more wine that we've added to our cellar and that's something we plan to change in the coming year.

While we always buy wine when we're traveling, both to drink on site and to bring home, we've gotten out of the habit of stocking up when we're at home.

With this holiday discount from wine.Com, we can save – and you can, too – 30% off your first order. A minimum $100 is required, but when you're stocking up, that's nothing at all. Click on the banner above to take advantage of this discount.

Save to your favorite Pinterest boards for your next trip to Washington State.

Pinterest pin of lakedale resort in friday harbor san juan islands washington state

Disclosure: Part of this trip were sponsored by Lakedale Resort and other San Juan Island partners.

If you like this article, you'll find more to enjoy at Traveling with MJ - Value luxury destinations, experiences, and products.

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