Creates Third Largest Pure-Play Lodging REIT
Hotel Brokers International posted a 26 percent increase in the number of hotel real estate transactions closed in 2016 and the upward trend continues for the hotel broker network into 2017.
Omni Hotels & Resorts announced today that it has acquired Time Warner Inc.s 50 percent interest in the Omni Atlanta Hotel at CNN Center, and now has full ownership and management of the property. Omni Hotels & Resorts partnered with Turner Broadcasting in 2000 to acquire the hotels south tower and build the 600-room north tower, which opened in 2003.
Plans to expand by implementing a hotel management model