TRT HOLDINGS, INC

TRT Holdings has interests in guest pampering, iron pumping, and oil prospecting. A diversified holding company for Texas billionaire Robert Rowling, TRT owns the luxury Omni Hotels & Resorts chain, Waldo's Dollar Mart in Mexico, and Gold's Gym International, the world's largest full-service fitness center franchiser. In addition, TRT is involved in oil and gas exploration through Tana Exploration Company. Rowling and his father, Reese Rowling, made a fortune in the oil business through Tana Oil & Gas. They formed TRT Holdings in 1989 when they sold most of their energy interests to Texaco (now part of Chevron).

Operations

Omni Hotels now boasts about 50 hotels and resorts since TRT Holdings purchased the firm in 1996 from Hong Kong-based Wharf Holdings in a deal worth $500 million. Other TRT business interests include Waldo's Dollar Mart retail stores in Mexico and additional real estate holdings, as well as ownership stakes in various public companies.

The company relocated its headquarters office in 2013 from Irving, Texas, to Dallas.

Strategy

TRT Holdings has been building up its Omni business in recent years. In 2013, in an effort to expand its resort collection, the holding company acquired five distinguished resort properties from affiliates of KSL Capital Partners, LLC. The move has extended TRT Holdings' reach to the West Coast and added the popular Texas Hill Country to its portfolio. The five properties included Barton Creek Resort & Spa (Austin, Texas), La Costa Resort and Spa (Carlsbad, California), Rancho Las Palmas Resort & Spa (Rancho Mirage, California), The Grove Park Inn (Asheville, North Carolina), and The Homestead (Hot Springs, Arkansas). Additionally, TRT Holdings rebranded its Wyndham Riverfront New Orleans property as Omni in late 2014.

Company Background

TRT was also formerly the largest shareholder in Ryman Hospitality (previously called Gaylord Entertainment, owner of the Grand Ole Opry and the iconic Opryland Hotel in Nashville). However, TRT divested its interest in Ryman following that company's corporate restructuring; in 2012 the firm sold its Gaylord brand and hotel management business to Marriott.

▲ Show Less▼ Show Full Description

Company News and Press Releases

▲ Show Less▼ Show More News and Press Releases


TRT HOLDINGS, INC


4001 Maple Ave
Dallas, TX 75219-3241
Phone: 1 (214) 283-8500
www.omnihotels.com

STATS


  • Employer Type: Private
  • Senior Vice President Of Human Resources: Joy Rothschild
  • Chb-ceo: Bob Rowling
  • Sr V Pres, Pres-golds Gym: David Schnabel

Major Office Locations

  • Dallas, TX

Career Update Newsletter

Tips and tools to help you manage your ideal career.