Omni Hotels and Resorts Acquires Five Resorts
Omni Hotels and Resorts reached an agreement to purchase and operate five resort properties from entities affiliated with KSL Capital Partners, LLC. The properties will be reflagged under the Omni brand in July, representing an expansion of Omni’s Resort Collection. The acquisition extends Omni’s resort portfolio to the West Coast and adds other locations, such as the Texas Hill Country. The five resorts are located in North America and are differentiated in design, local color, and authenticity reflecting their destination. The five properties are Barton Creek Resort & Spa in Austin, TX; La Costa Resort and Spa in Carlsbad, CA; Rancho Las Palmas Resort & Spa in Rancho Mirage, CA; The Grove Park Inn in Asheville, NC; and The Homestead in Hot Springs, VA. “Each of these properties is unique in its own right – rich in heritage and distinctive in their elegance and charm. We would be fortunate to own and operate any single one of these celebrated resorts,” said Mike Deitemeyer, president of Omni Hotels & Resorts. “By purchasing all five of these properties, Omni has significantly enhanced our growing Resort Collection in terms of scope, scale and prestige.” The properties will add 2,362 rooms, 304,000 square feet of meeting and function space, 34 dining options, 48 retail locations, 12 golf courses, three water parks, a ski facility, and five spas.