Hotel Online Special Report
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Omni Hotels Releases 900 Room Los Angeles Property From Licensing Agreement
 
IRVING, Texas - Dec. 23, 1998--After four years as an Omni Hotels franchise, the Omni Los Angeles Hotel Centre will become an independent operating hotel. The new name of the hotel will be the Wilshire Grand Hotel. The change becomes effective Feb. 1, 1999.

Omni Hotels could not reach mutually agreeable terms for a new licensing agreement with the owners of the Los Angeles hotel that met Omni Hotels' growth plans and operating standards.

In 1996, Omni Hotels set itself on a course to become a four-diamond hotel chain with a reputation for superior products and service. To date, Omni Hotels has invested more than three quarters of a billion dollars in its owned and managed hotels to make necessary renovations and upgrades. Company management believes that this "four-diamond vision" is the right path for ensuring the future success of Omni Hotels.

"We are currently in a tremendous growth mode with two new hotels under development in Denver and San Francisco and several new hotels coming on line in the coming months," says Jim Caldwell, president of Omni Hotels. "We are growing the company domestically and we are growing the company internationally. In keeping with our business strategy, our growth will be selective. While we will continue adding four-diamond hotels to our portfolio, hotels not meeting current Omni Hotels standards may not be reinstated."

Caldwell added that Omni Hotels is committed to seeking out hotel opportunities that fulfill the company's business strategy and hotel partners who share the company's vision.

Headquartered in Irving, Texas, Omni Hotels is a privately owned chain of 42 first-class and luxury hotels and resorts located throughout the United States and Mexico. Omni Hotels properties offer four-diamond services ranging from gourmet dining, fitness facilities, tennis, golf, wine tasting, tours of local attractions, music festivals and children's activities. Omni Hotels will continue an aggressive agenda for expansion in North America and internationally. 

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Contact:
Omni Hotels, Irving
Michelle Bennett, 972/871-5623
Fax: 972/871-5667
Email: [email protected]
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Also See: Omni Hotels Acquires the 365-room Radisson Plaza in Charlotte, N.C./ Dec 1998 
Los Angeles CVB Report: Hotel Occupancy At Highest Level in Decade / Dec 1998 

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