TRT Holdings has sold five full-service Omni Hotels & Resorts-branded hotels encompassing 1,729 keys located across the five MSAs of Austin, Dallas, San Antonio, Houston and Jacksonville. The buyer and sales price were not disclosed.
While all five properties are currently branded and managed by Omni Hotels & Resorts, each of the properties will be renovated and rebranded by the new owner.
Located in five of the nation’s 15 largest cities, the hotels offer great exposure to the high-growth markets of Texas and Florida. Positioned in dynamic submarkets within their respective metros, the properties are poised to benefit from strong post-COVID recovery rooted in stout market fundamentals. Additionally, the hotels’ excellent locations provide access to a wide array of demand generators, including Fortune 500 companies, major international airports, medical and university campuses, and numerous tourism/leisure attractions.
