By 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.