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06/12/2013

Irving-based Omni buys five resorts, including Austin's Barton Creek Resort & Spa

Irving-based Omni Hotels & Resorts said Wednesday it is buying five resort properties from KSL Capital Partners entities, including the Barton Creek Resort & Spa in Austin. 

The properties will be reflagged under the Omni brand on July 1, the company said. 

The properties also include the La Costa Resort and Spa in Carlsbad, Calif., Rancho Las Palmas Resort and Spa in Rancho Mirage, Calif., the Grove Park Inn in Asheville, N.C., and the Homestead in Hot Springs, Va. 

Omni said the acquisition extends its resort portfolio to the West Coast and add other important locations, as well as adds 2,362 rooms and 304,000 square feet of meeting space. Omni owns the Omni Fort Worth Hotel across from the Fort Worth Convention Center. 

“By purchasing all five of these properties, Omni has significantly enhanced our growing resort collection in terms of scope, scale and prestige,” said Mike Deitemeyer, Omni’s president, in a statement. 

Omni owns and operates 60 luxury hotels and resorts in North America. KSL is a private equity firm specializing in investing in travel and leisure properties.

_ Sandra Baker

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