Omni Hotels Corporation is operating as a subsidiary of TRT Holdings, Inc. Omni Hotels is a privately-held company which owns and operates hotels and resorts in the US, Canada, and Mexico. Formerly known as Dunfey Hotels Corp., the private company's portfolio includes properties, convention hotels, historic landmarks, and relaxing golf and spa resorts. Founded in 1958, Omni Hotels is headquartered in Irving, Texas.
Overview & Corporate Organization
PrivCo Industries (Sector > Industry > Sub-Industry)
|Hospitality & Leisure > Lodging > Hotels & Motels|
The PrivCo Industry Classification System™ (PICS) is our proprietary, modernized industry classification system, geared especially toward privately-held companies and including newer emerging sub-industries that are not reflected in other outdated industry classification systems, such as SIC and NAICS.
Competitors & Comparables
Charts, Financials, and Statistics (Table Format)
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|*||Omni Hotels Corporation fiscal year end: 12/31|
Charts, Financials, and Statistics (Graphs)
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Mergers & Acquisitions
|Details||Feb. 1996||Completed||Omni Hotels Corporation||TRT Holdings, Inc||Acquisition||$500,000,000|
Sec 363 Bankruptcy Sale
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Detailed Business Description: Omni Hotels Corporation
Omni Hotel Corporation, formerly known as Dunfey Hotels Corp, operates luxury hotels and resorts throughout the United States, Canada, and Mexico. Of all the properties only four are franchised the rest are managed or owned by Omni Hotel. The company also has restaurants in Houston and Los Angeles. The hotel places emphasis on upscale leisure for the corporate business traveler, complete with free WiFi and award winning dining. In total Omni Hotel Corporation operates over 14,000 rooms and over 15,000 employees.
Industry Demand Determinants
Major Hotel Chains and Hotels located in major cities make a big portion of their income from business and international guests. Overall, industries wide 25 percent of trips are made for business purposes. Demand for the use of Hotels is dependent on factors that affect travel and business activities. Changes in disposable income, which is directly correlated to the unemployment rate influences the number of trips or vacations… Continue Reading →