Omni Buys La Mansion, Watermark Hotels
SAN ANTONIO, TX, February 02, 2006. Patrick J. Kennedy, chairman/CEO of La Mansion del Rio, Inc., and Jim Caldwell, CEO of Omni Hotels, have announced the sale of San Antonio's La Mansion del Rio Hotel and the Watermark Hotel and Spa to Omni Hotels, with the transaction expected to close mid-March, local sources report.
Kennedy will retain ownership of all trademark rights relating to the Watermark Hotel and Spa and its restaurant, Pesca on the River. Kennedy's management company, La Mansion del Rio, Inc., will pursue the development opportunities for the Watermark Hotel and Spa brand in select locations throughout North America.
The two properties will join Omni Hotels portfolio of luxury hotels and resorts that reflect the distinct character of each city.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
