Deals
Billionaire Robert Rowling’s Omni in Talks to Sell Suburban Hotels
- Livingstone brothers’ London & Regional is buying properties
- Portfolio of five hotels to sell for roughly $150 million
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Billionaire Robert Rowling’s Omni Hotels & Resorts is in talks to sell five hotels as the pace of lodging deals picks up after the Covid-19 pandemic ground travel to a halt last year.
London & Regional Properties is in contract to acquire the hotels, which include Omni-branded properties in Austin and Dallas, according to people familiar with the matter. The U.K.-based hotelier is paying roughly $150 million, according to one of the people, who asked to remain anonymous because the transaction is private.