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Raleigh, N.C. – The Raleigh Metropolis Council voted as we speak to direct the Metropolis of Raleigh employees to enter into negotiations with Omni Inns & Resorts, in partnership with Preston Hole Group Capital and Provident Assets Group, to develop the extremely anticipated conference resort within the core of downtown Raleigh. The dynamic addition to the Raleigh skyline will probably be constructed on an over one-acre lot throughout from the Raleigh Conference Middle and Martin Marietta Middle for the Performing Arts on the finish of Fayetteville Avenue. Anticipated to open in 2027, the Omni Raleigh Lodge will probably be a fantastic addition to Omni’s rising portfolio of over 50 luxurious lodges.
This would be the third Omni property within the state of North Carolina and the primary for the capital metropolis. The Omni Raleigh Lodge is anticipated to incorporate 550 visitor rooms and 55,000 sq. toes of assembly house, which is able to permit for bigger occasions to happen downtown and help the expansion of the Raleigh Conference Middle enlargement. The resort may also function a number of meals and beverage shops, a rooftop pool, a signature Mokara spa and a health middle.
It is a large alternative for the Metropolis of Raleigh and Wake County. We’ve been envisioning a brand new conference middle resort downtown for years. We at the moment are one step nearer to creating it occur. This opens up infinite potentialities for extra conferences, extra conventions and extra occasions on the Raleigh Conference Middle. And the financial advantages can’t be overstated. Raleigh Mayor Mary-Ann Baldwin
The market has outgrown the accessible resort room blocks inside strolling distance of the Raleigh Conference Middle, limiting availability for incoming conferences, conventions and sports activities teams. Kerry Painter, Basic Supervisor and Director of The Complicated, which manages the Raleigh Conference Middle, Crimson Hat Amphitheater, Martin Marietta Middle for the Performing Arts, and Coastal Credit score Union Music Park at Walnut Creek
Wake County’s Vacation spot Strategic Plan 2028 included a advice for a full-service conference resort with a minimal of 500 rooms to assist enhance tourism and promote financial growth for the realm. Plans are additionally underway for a Raleigh Conference Middle enlargement. The rise in downtown room stock will help in recruiting bigger and extra frequent conventions to the realm.
We’re thrilled to be becoming a member of the downtown group in Raleigh and are impressed by its continued financial development. Omni Inns & Resorts is dedicated to offering elevated hospitality experiences which align with this dynamic vacation spot. It’s an honor to be entrusted by the Metropolis of Raleigh to develop and handle this property whereas forging distinctive and genuine connections with the local people. Kurt Alexander, President of Omni Inns & Resorts
This resort is a key piece to Raleigh’s financial growth plan for the realm and it’s precisely the kind of group precedence that we prefer to finance due to the alternatives it creates for the residents of Wake County. We’re proud to speculate our capital and know-how into this visionary undertaking. Ramiro Albarran, Co-Head of Originations for Preston Hole Group Capital
Provident is honored to have the chance to work with the Metropolis of Raleigh and our companions at Omni and Preston Hole to make this long-awaited undertaking a actuality for this thriving group, and to be a part of the continued evolution of the downtown hall within the state’s capital metropolis. Chris Hicks, President of Provident
We look ahead to working with Omni and the Metropolis of Raleigh to inform the story of Raleigh via design options and themes of this new property to showcase all our space has to supply. With Omni’s experience within the conferences and the conference market, this new conference middle resort will undoubtedly increase visitation throughout all journey segments and be a welcomed asset to the conference middle campus. Dennis Edwards, President and CEO of Go to Raleigh
In regards to the Larger Raleigh Conference and Guests Bureau (Go to Raleigh)
Because the official vacation spot advertising group for Wake County, the Larger Raleigh Conference and Guests Bureau (Go to Raleigh), is answerable for selling Wake County as a sexy journey vacation spot and enhancing its public picture as a dynamic place to stay and work. By way of the affect of journey, the group strengthens the financial place of and supplies alternative for individuals all through Wake County. Raleigh, N.C./Wake County welcomes practically 18 million guests yearly whose spending tops $3 billion. The customer economic system helps over 24,500 native jobs in Wake County and generates $287 million in state and native tax revenues, saving every Wake County family $601 in taxes yearly. visitRaleigh.com
About Preston Hole Group Capital
Preston Hole Group Capital is a market chief in offering specialised affect finance options for initiatives of serious social and financial significance to native communities in the US. The Firm invests in bespoke municipal finance transactions with a diversified funding portfolio. PHCC has invested over $4.8 billion since its inception throughout varied sectors of the municipal bond market, together with actual property, Ok-12 and better training, healthcare, infrastructure, hospitality, normal authorities, and financial growth. Go to phccap.com
About Provident Assets Group
Provident is a nationwide non-profit group, shaped in 1999, dedicated to creating a constructive affect in communities throughout the nation via the event, possession and operation of state-of-the-art hospitality, academic, healthcare, and governmental amenities. With places of work in Raleigh and Baton Rouge, Provident has accessed over $5.3 billion in capital to fund its mission-based initiatives in 27 states, together with North Carolina, during the last 24 years.
About Omni Inns & Resorts
Omni Inns & Resorts creates real, genuine visitor experiences at over 50 distinct lodges and resorts in the preferred leisure and enterprise locations throughout the US, in addition to in Canada. With 26 iconic golf programs, together with a number of quick programs, 25 award-winning spas featured in dynamic locales nationwide, each Omni proudly opens its doorways to share the true spirit of its vacation spot. Omni Inns & Resorts is the official resort of the PGA TOUR® and PGA of America. For data or to e book lodging, go to omnihotels.com or name 1-800-The-Omni.
Tiffani Cailor Torrence
Director Company Communications | Public Relations
Omni
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