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The Great Reshuffling Of Omni Hotels' Portfolio

The Great Reshuffling Of Omni Hotels Portfolio
Omni Hotels & Resorts portfolio is in flux as the company recalibrates in the wake of the coronavirus pandemic.
The company sold off five hotels in Dallas, Houston, Austin, San Antonio and Jacksonville this month, the latest in a series of closing and selling underperforming hotels to get cash to reinvest in better product, Omni President Peter Strebel told
Bisnow. The company will also need to focus on its leisure and resort travel segment, at least for the short term, as it waits for the convention and business travel segment that is typically its bread and butter to return. ....

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New Oklahoma City Omni opens Tuesday with an eye on 'staycations' while convention business rebounds

Oklahoma City’s largest hotel, the Omni, opens Tuesday with the task of drawing locals while the convention market recovers from the ongoing pandemic.
Steve Keenan, general manager, believes the hotel across from Scissortail Park has what it takes to make the sale.
The 605-room, 17-story Omni was planned and designed to serve as a convention hotel. The hospitality industry has been hit hard by COVID-19 with conventions being canceled or delayed throughout the country.
“We’ve been hindered by the pandemic,” Keenan said. “The key is to have people travel into Oklahoma City to see what it’s all about and if we can do that, we believe the convention business will pick up. ....

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