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Chain plans expansion at bankrupt Florida resort
Omni Hotels & Resorts said it was the highest bidder for the Amelia Island Plantation luxury resort in Florida. Omni bid $67.1 million for the bankrupt resort at an auction held Aug. 23. Final approval of the sale, by the court overseeing the complex's Chapter 11 bankruptcy reorganization proceeding, is expected within the next few days.
Assuming the deal goes through, Omni Hotels & Resorts expects to take over full ownership and operation of the luxury resort sometime this fall. Omni said plans to expand the resort development with approximately 125 additional guest rooms and suites, as well as a new 16,000 square foot ballroom
“We are exceptionally pleased to add this extraordinary resort to the Omni portfolio given its great beauty, gracious accommodations and broad range of amenities," said Mike Deitemeyer, president of Omni Hotels & Resorts. "We believe that the property extends our luxury resort collection and exemplifies our commitment to deliver memorable experiences to our guests."
The acquisition reflects Omni's ongoing expansion across North America. The brand has expanded in the last few years with the addition of the Omni Bedford Springs Resort in Bedford, Pa. (January 2009) and the Omni Mount Washington Resort in Bretton Woods, N.H. (slated to occur in September).
Amelia Island is a luxury destination island resort situated on 1,350 acres at the northern tip of Florida. The complex is surrounded by the Atlantic Ocean, marshlands and the Intracoastal Waterway. Its accommodations include the Amelia Inn and the Villas of Amelia, and the resort also is home to 50,000 sq. ft. of space for conferences, retreats or weddings.
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