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August 21, 2017

Trinity, Oaktree plan $3bn investment to acquire new hotels

Trinity Investments and funds managed by Oaktree Capital Management are set to form a joint venture (JV) to acquire new hotels in Trinity’s core markets with an investment of $3bn.

Trinity Investments and funds managed by Oaktree Capital Management are set to form a joint venture (JV) to acquire new hotels in Trinity’s core markets with an investment of $3bn.

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How attractive are current investment opportunities in Europe?

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The JV, which will be overseen by Trinity, will seek to invest in Hawaii, California, Mexico and Japan, alongside global institutional and high net worth partners in these markets.

Trinity president and CEO Sean Hehir said: “Expanding our relationship with Oaktree provides us with additional capital to increase our scale in our core markets.

“Oaktree is a savvy investor who recognises the success of our platform and shares our bullish outlook on these markets. We look forward to investing with Oaktree during these opportunistic times.”

The latest partnership follows recent acquisition of the long-term leasehold interest in The Westin Maui Resort & Spa by Trinity and Oaktree from an affiliate of Starwood Hotels & Resorts.

Further, the JV may also pursue hotel investments in select gateway markets in the US.

Trinity will be responsible for the JV's acquisitions as well as asset management.

Oaktree Capital Management managing director Ben Bianchi said: “This partnership aligns with Oaktree’s strategy to invest with experienced partners in key strategic markets.

"We are confident that Trinity’s investment acumen and market knowledge coupled with our expertise will result in a highly attractive portfolio of hotel investments.”

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Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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