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Omni takes on San Antonio

has purchased two properties in San Antonio, the landmark La Mansion del Rio Hotel and the award-winning Watermark Hotel & Spa.The transaction is expected to close on
March 16.

“We are delighted to add these properties to our portfolio given their
fine heritage and exceptional reputation for outstanding quality and service,”
said Jim Caldwell, CEO of Omni Hotels.  “We believe they extend our luxury
hotel brand and exemplify our commitment to delivering an exceptional
experience to our customers.”
  The decision to purchase the two popular San Antonio hotels stems from
Omni’s aggressive approach to expansion.  The company’s development mission is
to build or acquire properties in top business and leisure destinations.