Omni Snaps Up Resort KSL Bought Out Of Foreclosure

Law360, New York (January 7, 2014, 7:19 PM EST) -- Just over two years after buying the property out of foreclosure, private equity firm KSL Capital Partners has sold a luxury Arizona resort to Omni Hotels and Resorts, according to a Tuesday statement.

Per the deal, Omni is taking over the Montelucia Resort & Spa in Scottsdale, Ariz., and will be reflagging it under the Omni name, the company said. Financial details of the deal were not disclosed and representatives for the companies could not immediately be reached for comment on Tuesday.

The luxury resort and...
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