Sinclair Hotels gets investment from PE firms

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.