Omni Hotels & Resorts traces its origins to 1958, when the Dunfey brothers opened a 32-room motel alongside their Lamie's Tavern restaurant in Hampton, New Hampshire. The company operated as Dunfey Hotels until 1983, when it acquired the Omni International Hotels chain and began transitioning to the Omni brand.
Who owns Omni Hotels & Resorts?
Omni Hotels & Resorts is owned by TRT Holdings, a Texas-based private equity firm controlled by Robert Rowling, who purchased the chain in February 1996. The company is privately held and headquartered in Dallas, Texas.
How many hotels does Omni Hotels & Resorts operate?
Omni Hotels & Resorts operates 51 properties in the United States and Canada, totaling over 20,010 rooms. The company employs more than 23,000 people across its portfolio.
What was Omni Hotels before it became Omni?
Before adopting the Omni name, the company operated as Dunfey Hotels, founded by the Dunfey brothers in 1958. In 1983, Dunfey Hotels acquired the Atlanta-based Omni International Hotels chain from Cousins Properties and reorganized, using the Omni brand for its large upscale properties.
What is the most expensive acquisition Omni Hotels & Resorts has made?
In June 2013, Omni Hotels acquired five resort properties from KSL Capital Partners in a deal valued at $900 million according to The Wall Street Journal. The properties included The Grove Park Inn in Asheville, The Homestead in Hot Springs, Virginia, Barton Creek Resort in Austin, La Costa Resort in Carlsbad, and Rancho Las Palmas in Rancho Mirage.
Why was Omni Hotels & Resorts criticized in 2020?
In December 2020, unions criticized Omni for using Paycheck Protection Program funds to obtain a low-interest loan for business purposes rather than paying workers. Under the program's rules, using the money to pay employees would have converted the loan into a grant.