Black Meetings and Tourism

July/Aug 2013

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•pg_19-29_p28_ICI__BMT_pg3-58 8/13/13 4:01 AM Page 28 mni Hotels & Resorts and KSL Capital Partners, LLC, a leading private equity firm, recently announced the closing of the purchase and sale of five distinguished resort properties. The five iconic resorts have been reflagged under the Omni brand, representing a significant expansion of Omni's already-robust Resort Collection. The reflagged properties 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.  The acquisition extends Omni's resort portfolio to the West Coast and adds other strategically important locations like the Texas Hill Country. "We could not be more proud to assume the ownership and management of each of these iconic resorts," said Mike Deitemeyer, president of Omni Hotels & Resorts. "KSL positioned each of these properties not only as appealing destinations for guests but as integral parts within each of MIKE DEITEMEYER their surrounding local communities.  We look forward to carrying on the tradition of excellence exemplified by each of these properties and their employees and welcoming both new and returning guests for years to come." KSL had acquired the resorts over a period of years, and had recently invested heavily in the properties.  New additions under KSL include the Canyon Ranch SpaClub and the new Allegheny Springs family pool complex at The Omni Homestead; a nearly complete, expansive renovation of historic The Omni Grove Park Inn to restore the grandeur of the resort as part of its centennial celebration; upgrades to the guestrooms and meeting spaces at Omni Barton Creek; a nearly $50 million renovation of Omni La Costa to the guestrooms, public spaces, golf courses, an entirely new adult pool facility and membership lounge; and the addition of the Splashtopia family water playground at Omni Rancho Las Palmas. 28 OMNI HOTELS & RESORTS AND KSL CAPITAL PARTNERS ANNOUNCE CLOSING OF THE PURCHASE AND SALE OF FIVE LUXURY RESORTS Properties Have Been Rebranded Under the Omni Flag "It has been our privilege to be a part of the storied history of each of these extraordinary resorts," added Mike Shannon, managing director of KSL Capital Partners.  "The success of these resorts has been, and will continue to be, made possible by rich traditions, fabulous locations and amenities, and the dedication of over 4,000 employees.  We have no doubt that the skill and resources that Omni Hotels & Resorts will bring to each of these properties will only help to further their celebrated legacy." The Omni portfolio expansion adds 2,362 guestrooms, 304,000 sq. ft. of meeting and function space, 34 dining options, 48 retail locations, 12 golf courses, three family water complexes, a ski facility and five spas. The resorts include OMNI BARTON CREEK RESORT & SPA: Located in the heart of Texas Hill Country, the resort combines impeccable service with its own classic brand of casual elegance in a luxurious setting. Heralded as the number one golf resort in Texas, the Omni Barton Creek boasts four nationally acclaimed championship courses as well as the state's only Callaway Performance Center. The resort features 318 spacious and beautifully appointed guestrooms, a recently renovated full-service spa, superior dining options, and fine meeting and wedding facilities. B M & T ••• July/August 2013 •••

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