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Montage Hotels & Resorts forms JV with Ares Management

by Andrea Waitrovich

Montage Hotels & Resorts has formed a partnership with a real estate fund managed by Ares Management.

As part of the transaction, Ares will purchase a minority stake of up to 20 percent in Montage Hotels & Resorts. Ares also will provide up to $200 million in future growth capital to Montage Hotels & Resorts, with a strategic focus on the continued expansion of its portfolio of Montage- and Pendry-branded hotels and resorts.

This transaction marks the second Ares investment with Montage Hotels & Resorts. Funds managed by Ares made an investment in Pendry San Diego, part of the company’s new luxury lifestyle brand, Pendry Hotels. The new hotel will debut in San Diego’s historic Gaslamp District in the fall of 2016.

Alan Fuerstmanwill remain as Montage Hotels & Resorts’ founder and CEO, as well as chairman of the board. All original investors in Montage Hotels & Resorts also remain invested, including Ohana Real

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