Omni Hotels & Resorts Sets Development Strategies for Continued Growth as Part of Company’s Future Portfolio
Brand intends to pursue the sale of assets to reinvest towards resort destinations and group/convention markets
DALLAS, Texas (August 18, 2020) – Omni Hotels & Resorts today announced its strategic plan to enhance and continue its growth and brand offerings in the resort and convention center markets. In an effort to deliver a consistent product and guest experience across its portfolio of more than 50 properties, Omni shared its intent to run a thorough review and potential sale process of five hotels including Omni Dallas Hotel at Park West, Omni Jacksonville Hotel, Omni Austin Hotel at Southpark, Omni San Antonio Hotel at the Colonnade and Omni Houston Hotel at Westside. The process is being led by Hodges Ward Elliot based out of Atlanta.
“Pursuing the potential sale of assets that no longer align with the direction of our brand was a part of our strategy pre-COVID,” said Peter Strebel, president of Omni Hotels & Resorts. “The hospitality industry was impacted immensely by the pandemic and as we emerge from this crisis, we must be forward thinking about our brand strategies and portfolio offerings. Reinvesting capital into the convention center and resort market space allows us to grow our business and play to our strengths.”
Since the KSL Resorts acquisition in 2013, in which the brand acquired six iconic destinations doubling its leisure portfolio, Omni has been focused on building its resort collection. The brand also has been heavily focused on group/convention center hotels for more than a decade with new build openings in Fort Worth (2009), Dallas (2011), Nashville (2013), Louisville (2018) and the upcoming openings in Oklahoma City and Boston (2021). In addition to the resort and group/convention center market, Omni has partnered with three professional athletic organizations to bring its luxury hotel experience to the affiliated team’s mixed-use development highlighting the “live, work, play” model. These partnerships include Omni Frisco Hotel with the Dallas Cowboys (2017), Omni Hotel at The Battery Atlanta with the Braves (2018) and Omni Viking Lakes Hotel with MV Ventures, the development arm of the Minnesota Vikings (2020). Each of the aforementioned properties is a destination within the city itself and cater to both business and leisure travelers. New Omni properties keep with traditional brand values such as local flavor and experiences, but match modern day travelers’ interest in design, entertainment, amenities and destination offerings.
Omni Hotels & Resorts is looking to maintain its growth trajectory as the brand will celebrate its 25th anniversary of single ownership with TRT Holdings, Inc. in early 2021. With new hotels on the horizon and three slated to open between October 2020 and summer 2021, the brand is well-positioned to continue offering travelers the Omni experience they’ve come to know and expect. Openings include the highly anticipated Omni Viking Lakes Hotel, Omni Oklahoma City Hotel and Omni Boston Hotel at the Seaport, plus additional projects are in the works and include Omni PGA Frisco Resort, the brand’s partnership with PGA of America and the City of Frisco (2023).
For more information on Omni Hotels & Resorts, visit https://www.omnihotels.com/.
About Omni Hotels & Resorts
Omni Hotels & Resorts creates genuine, authentic guest experiences at 60 distinct luxury hotels and resorts in leading business and leisure destinations across North America. With more than 25 iconic golf courses and 16 award-winning spas featured in dynamic locales nationwide, every Omni proudly opens its doors to share the true spirit of its destination. Reflected through local color, personalized service, unique wellness options, signature restaurants and creative culinary offerings, Omni leaves a lasting impression with every guest and a heightened level of recognition and rewards delivered through its Select Guest loyalty program. As a founding member of the Global Hotel Alliance, Select Guest is further expanded through the DISCOVERY® loyalty program offering members additional global benefits. Omni is committed to reducing hunger and is on a mission through its Say Goodnight to Hunger initiative to provide millions of meals each year for food banks to feed children, families and seniors in communities in which it operates. Omni Hotels & Resorts is the official hotel of the PGA TOUR and PGA TOUR Champions. For information or to book accommodations, visit omnihotels.com or call 1-800-The-Omni.