Xander Group Inc, a global private equity firm, Morgan Creek and Meridia Capital have picked up equity stakes in Sinclair Hotels, the hotel chain run by Pressman Group.The hotel group, in a communique to BSE announced that it is alloting equity shares and warrants to Xander Group on a preferential basis. Xander is a global PE firm having extensive experience in investing and working with hotel companies across luxury, full service and budget segments.It is also issuing preferential shares and warrants to Morgan Creek, a US investment firm registered with SEC which focusses on private equity, energy, real estate and natural resources.Meridia Capital is a hospitality focussed private equity firm based in Barcelona, Spain having investments across various countries.Sinclair Hotels is also issuing warrants and shares on preferential basis to its promoters.
