Somera Capital Management, an investment corporation with offices in California and Washington, D.C., announced today the creation of its newest alliance and the acquisition of Quorum Hotels & Resorts, a hotel management company with headquarters in Dallas.

The acquisition was a logical progression given the foundation of the principals of Somera and Quorum’s more than 20-year relationship. The acquisition will position Somera for future expansion as it looks to take advantage of market conditions for both its investors and partners, in addition to offering a comprehensive management solution for the company’s current hotel properties.

In addition to an expanding portfolio, CEO David Brown remarked, “We have a high admiration for the culture and talent of Quorum and look forward to maintaining the legacy for our workers, partners, and guests.” “We thank the founder partners for giving us the chance to work with such a dedicated, vibrant, and skilled leadership team in this new chapter and we congratulate the founding partners on their 35 years of achievement.”

Source: Prnewswire