Somera Capital Acquires Quorum Hotels & Resorts

Somera Capital Management, a California and Washington, DC-based investment firm, has acquired Dallas-based hotel management company Quorum Hotels & Resorts.

With more than a 20-year relationship between Somera and Quorum principals as the foundation, the purchase will not only provide a comprehensive management solution for Somera’s current hotel assets, but also position the company for future growth as it seeks to capitalize on market conditions for both its investors and partners, according to Somera.