Omni Hotels & Resorts, Irving, Texas, has agreed to purchase and operate five resort properties from entities affiliated with KSL Capital Partners LLC. The purchase price was not officially disclosed, but the Wall Street Journal reported a person familiar with the deal said it was roughly US$900 million.
The properties will be reflagged under the Omni brand on July 1.
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 add 2,362 rooms, 304,000 sq ft (28,243 sq m) of meeting and function space, 34 dining options, 48 retail locations, 12 golf courses, three water parks, a ski facility and five spas to the Omni Resort Collection.
“Each of these properties is unique in its own right — rich in heritage and distinctive in their elegance and charm,” said Mike Deitemeyer, president of Omni Hotels & Resorts. “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.”