Omni buys five big golf resorts from KSL
Omni Hotels & Resorts has reached an agreement to buy five well-known golf resorts from KSL Capital Partners, LLC, the two companies have announced.
The resorts are Barton Creek Resort & Spa in Austin; La Costa Resort and Spa in Carlsbad, Calif.; Rancho Las Palmas Resort & Spa in Rancho Mirage, Calif; The Grove Park Inn in Asheville, N.C.; and The Homestead in Hot Springs, Va.
The deal adds 12 golf courses along with nearly 2,400 rooms, more than 30 restaurants, three water parks, a ski facility and five spas to Omni's Resort Collection of nearly 60 luxury hotel complexes.
Omni, which is based in Irving, Texas, did not disclose a purchase price, but The Dallas Morning News said this is Omni's biggest acquisition since billionaire Robert Rowling's TRT Holdings bought Omni in 1996. Omni plans to rebrand its new properties on July 1.
''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 Omni President Mike Deitemeyer. ''By purchasing all five of these properties, Omni has significantly enhanced our growing Resort Collection in terms of scope, scale and prestige.''
The new acquisitions join an Omni golf portfolio that includes Omni Tucson National in Arizona, Omni Championsgate in Orlando, Omni Amelia Island Plantation near Jacksonville, and Omni Interlocken Resort & Golf Club near Denver.