Omni Hotels & Resorts Closes Purchase on Five Resorts
Monday July 1st, 2013 - 3:15PM B
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IRVING, TX—Omni Hotels & Resorts and KSL Capital Partners, LLC, have closed the purchase and sale of five resort properties.
The resorts are the Omni Barton Creek Resort & Spa in Austin, TX; Omni La Costa Resort and Spa in Carlsbad, CA; Omni Rancho Las Palmas Resort & Spa in Rancho Mirage, CA; The Omni Grove Park Inn in Asheville, NC; and The Omni Homestead Resort in Hot Springs, VA.
KSL had acquired the properties over a few years and had invested recently in the resorts, with additions such as the Canyon Ranch SpaClub and Allegheny Springs pool complex at The Omni Homestead; an expansive renovation of The Omni Grove Park Inn; guestroom and meeting space upgrades at the Omni Barton Creek; a nearly $50 million renovation of the guestrooms, public spaces, golf courses, as well as an addition of the new adult pool facility and member ship lounge, at Omni La Costa; and the addition of the Splashtopia water playground at Omni Rancho Las Palmas.
Tags: • Hospitality • Brands •
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