Omni ramps up convention, resort, spa development | hotelnewsnow.com

The way company president Mike Deitemeyer sees it, the financial crisis during the past few years might actually benefit Omni Hotels & Resorts in the long run. As a long-term holder of real estate that relies on its own balance sheet to buy assets and grow the portfolio, Omni often finds itself in bidding wars with hotel companies prepared to over-leverage and overspend.