JV between Oaktree and Trinity to invest $3B in Cali hotels

Venture will also invest in properties in Hawaii, Mexico and Japan

TRD LOS ANGELES /
Aug.August 22, 2017 04:00 PM
Ben Bianchi of Oaktree Capital Management (credit: Oaktree Capital Management)

Downtown Los Angeles investment firm Oaktree Capital Management has, once again, teamed up with Honolulu-based Trinity Investments to pump as much as $3 billion into hotels throughout California, as well as in Hawaii, Mexico and Japan.

The two firms previously linked arms in April to purchase the leasehold interest in the 759-room Westin Maui Resort & Spa from an affiliate of Starwood Hotels & Resorts for $317 million, PERE reported.

Trinity will be overseeing their latest joint venture, including acquisitions and asset management.

Oaktree’s Ben Bianchi said the firm’s strategy is to invest with partners in key markets. The investment company formed in 1995 and has $99 billion in assets under management as of June 30, according to its website. [PERE] — Subrina Hudson


Related Articles

arrow_forward_ios
Jason Illoulian and the Cemex plant

Faring makes $30M assemblage play on WeHo/LA border

From left: Nuveen CEO Vijay Advani, Graymark founder/CEO Brian Hecktman

Graymark, Nuveen pay $97M for El Segundo creative office

2201 Rosecrans Ave in El Segundo

Continental snags $55M refi on El Segundo office portfolio

La Mirada industrial building

Clarion pays $77M for La Mirada industrial project

510 Park Avenue and CEO of Monster Beverage Rodney Sacks

Monster Beverage affiliate guzzles down industrial project in San Fernando

From left: Gavin Newsom and David Chiu (Credit: Getty Images and iStock)

Will rent control dent the multifamily market? Lenders, investors weigh in

East LA Community Corporation President Isela Gracian, CIT Bank President Robert Rubino and the two projects

East LA Community Corp. lands $55M in loans for affordable housing projects

Acres Capital CEO Mark Fogel with a rendering of project

Chateau Group scores $44M bridge loan to build Marriott-branded hotel in Arcadia

arrow_forward_ios