NEWS
Omni Hotels & Resorts to acquire and operate five iconic resorts
POSTED 12 Jun 2013 . BY Aoife Dowling
Omni Hotels & Resorts has reached an agreement to purchase and operate five resort properties affiliated with KSL Capital Partners.

The five properties are: Barton Creek Resort & Spa in Austin, Texas; La Costa Resort and Spa in Carlsbad, California; Rancho Las Palmas Resort & Spa in Rancho Mirage, California; The Grove Park Inn in Asheville, North Carolina; and The Homestead in Hot Springs, Virginia.

The properties will be reflagged under the Omni brand on 1 July and will add 2,362 rooms and five spas to the groups portfolio.

Mike Deitemeyer, president of Omni Hotels & Resorts said: “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.

“By purchasing all five of these properties, Omni has significantly enhanced our growing Resort Collection in terms of scope, scale and prestige.”
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US private equity firm KSL Capital Partners has acquired the UK-based Village Urban Resorts from De Vere Group for a figure reported to be around £480m.
  Omni to add Mokara Spa to Barton Creek resort as part of US$150m redevelopment


US-based operator Omni Hotels and Resorts will invest US$150m (£114m, €129m) in the redevelopment of the Barton Creek Resort & Spa in Austin, Texas.
 


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12 Jun 2013

Omni Hotels & Resorts to acquire and operate five iconic resorts
BY Aoife Dowling



Omni Hotels & Resorts has reached an agreement to purchase and operate five resort properties affiliated with KSL Capital Partners.

The five properties are: Barton Creek Resort & Spa in Austin, Texas; La Costa Resort and Spa in Carlsbad, California; Rancho Las Palmas Resort & Spa in Rancho Mirage, California; The Grove Park Inn in Asheville, North Carolina; and The Homestead in Hot Springs, Virginia.

The properties will be reflagged under the Omni brand on 1 July and will add 2,362 rooms and five spas to the groups portfolio.

Mike Deitemeyer, president of Omni Hotels & Resorts said: “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.

“By purchasing all five of these properties, Omni has significantly enhanced our growing Resort Collection in terms of scope, scale and prestige.”



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