by Michael J. Shapiro | July 03, 2013
On Monday, Omni Hotels & Resorts closed on the purchase of five resorts from KSL Capital Partners LLC. The newly reflagged resorts are the 318-room Omni Barton Creek Resort & Spa, in Austin, Texas; the 611-room Omni La Costa Resort and Spa, in Carlsbad, Calif.; the 444-room Omni Rancho Las Palmas Resort & Spa, in Palm Springs, Calif.; the 514-room Omni Grove Park Inn, in Asheville, N.C.; and the 483-room Omni Homestead Resort, in southwestern Virginia. KSL had invested heavily in the resorts, all of which have been upgraded recently. The purchase adds 2,362 guest rooms, 304,000 square feet of meeting space, 34 F&B outlets, 12 golf courses, a ski facility and five spas to Omni's portfolio.