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

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

Los Angeles /
Aug.August 22, 2017 04:00 PM

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
1101 Flower Street in L.A. with  Tony Lombardo of Lendlease and Zhang Xifang of Oceanwide. Xifang reportedly resigned in July 2021. (Google Maps, Lendlease, Oceanwide)
Contractor bails on Oceanwide’s LA megaproject after scoring $42M judgment
Contractor bails on Oceanwide’s LA megaproject after scoring $42M judgment
Renderings of The Star
The Star, a $500M office tower project, looks to light up Hollywood
The Star, a $500M office tower project, looks to light up Hollywood
The Boyd Street fire in May, 2020 (Getty)
LA fire captain sues building, vape shop owners over May 2020 explosion in downtown
LA fire captain sues building, vape shop owners over May 2020 explosion in downtown
(Getty Images)
SoCal’s “Space Beach” is ready for liftoff
SoCal’s “Space Beach” is ready for liftoff
Clockwise from top left: Kilroy Realty CEO John Kilroy, Boston Properties CEO Owen Thomas, TMG Partners CEO Michael Covarrubius and Eastdil Secured CEO Michael Van Konynenburg (Kilroy, LinkedIn via Thomas, TMG Partners, LinkedIn via Van Konynenburg, Getty)
“We gotta get people back to the office”: West Coast landlord execs press for return
“We gotta get people back to the office”: West Coast landlord execs press for return
Oxford Properties CEO Michael Turner and the campus (Oxford)
Oxford moves into LA with $134M industrial buy
Oxford moves into LA with $134M industrial buy
Post-production campus in Burbank sells for $37M
Post-production campus in Burbank sells for $37M
Post-production campus in Burbank sells for $37M
G6 Hospitality CEO Rob Palleschi and Motel 6 San Jose South, one of the largest assets in the portfolio (G6)
Blackstone’s Motel 6 portfolio gets $685M CMBS loan
Blackstone’s Motel 6 portfolio gets $685M CMBS loan
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...