Starwood Capital Group-backed AJ Capital Partners, a vertically integrated real estate investment manager, completed the acquisition of Macdonald Randolph Hotel and Macdonald Hotels & Resorts. Financial terms were not disclosed. “We are thrilled to announce the continued international expansion of the Graduate Hotels collection into one of the oldest and most prestigious university communities in the worldOur team is incredibly inspired by the people, places and institutions that call this dynamic destination home and look forward to creating a hospitality experience that speaks uniquely to Oxford,” Phillip Allen, AJ Capital Partners Chief Development Officer.