Somera Capital Management completed the acquisition of Quorum Hotels & Resorts.

Somera Capital Management, an investment company, completed the acquisition of Quorum Hotels & Resorts, a hotel management company. Financial terms were not disclosed. "We have well established regard for the culture and talent of Quorum and look forward to continuing the legacy for our associates, partners, and guests alongside a growing portfolio. We congratulate the founding partners on their 35 years of success and thank them for the opportunity to work with such a dedicated, dynamic, and talented leadership team in this new chapter," David Brown, Somera CEO.