Luxury Hotel Brand Awarded Best Single Asset Transaction of 2010
IRVING, Texas, Jan. 31, 2011 /PRNewswire/ -- Americas Lodging Investment Summit sponsors and delegates recognized Omni Hotels & Resorts with the Best Single Asset Transaction of 2010 for the purchase of the Amelia Island Plantation on Amelia Island, FL. Winners of several development awards were announced during the conference held January 24th through 26th in San Diego and co-sponsored by the American Hotel & Lodging Association (AH&LA) and the Burba Hotel Group. In addition to celebrating Omni's award-winning work, ALIS honored executives and companies responsible for the most influential hospitality industry developments in 2010.
The Amelia Island Plantation transaction was completed in fall 2010, with the Amelia Island Company selling the resort to Omni for $67.1 million. The property was previously owned by the same family for more than 30 years and operated as an independent since its inception but became bankrupt in 2008 during the economic downturn. Omni was the highest bidder for the renowned resort at an auction held August 23rd in nearby Jacksonville, FL. The acquisition included over 1,350 acres, 3.5 miles of beaches, 249 guest rooms, two renowned golf courses, nearly 50,000 square feet of meeting and event space, 45,000 square feet of retail space, tennis, fitness and spa facilities and numerous opportunities for future development.
John Holbrook - Realtor Amelia Island, Fernandina Beach & Yulee, FloridaCell: 904-415-0171 Email: holbrook66@msn.com Web: www.nassaumls.net
www.johnholbrook.blogspot.com
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