Omni groundbreaking highlights continuing downtown development

October 2, 2018

On Monday, Omni Hotel leadership, along with city officials and city leaders, officially broke ground on the beautiful 605-room Omni Oklahoma City hotel set to open in early 2021.

 

As we stood on the empty site south of the Chesapeake Energy Arena, it was inspiring to hear Mayor David Holt talk about how the Omni will play a significant role in the continued transformation of our city. Peter Streble, president of Omni Hotel and Resorts, shared details about the hotel interiors, thoughtfully based on Oklahoma’s prairie landscapes. Omni Hotels owner Robert Rowling promised culinary experiences, amenities and luxurious room features second to none. The four-diamond hotel will definitely be a bragging point for attracting conventions, events and tourists to Oklahoma City.

 

When we were reviewing development proposals for a convention center hotel three years ago, Omni’s unique designs, known luxury brand and commitment to quality customer service were factors in our decision. Another deciding factor was its ownership model. Omni is investing more than $150 million into the total cost of building the hotel. This is one of the largest private investments in Oklahoma, with the hotel assuming the construction and operating risks. Often, after large hotels are built, they are sold to a group of investors who hire a management company to operate the hotel. Omni’s ownership model is different. Omni hotels are owned and operated by the company and typically held long-term, meaning the company we are in a contract with now is the same company we will be working with in the future.

 

Read the full article at The Journal Record

 

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