November 17, 2024 3:31 am
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Omni buys PV’s Montelucia

omni-hotels-250x243By Philip Haldiman | The Republic | azcentral.com

An internationally known hotel operator has closed a deal with a private equity firm on the Montelucia Resort & Spa in Paradise Valley.

Omni Hotels and Resorts purchased the resort from Colorado-based KSL Capital Partners LLC.

Under the Omni brand, the luxury resort, at Tatum Boulevard and Lincoln Drive, will be renamed the Omni Scottsdale Resort & Spa at Montelucia.

The financial details of the transaction were not disclosed.

Texas-based Omni owns or operates about 60 luxury hotels and resorts in North America.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.