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Sign in Sign up for a FREE subscriptionTrinity announces first Europe deal
A joint partnership among Trinity Investments, funds managed by Oaktree Capital Management, and funds managed by UBS Asset Management’s Real Estate & Private Markets Multi-Managers business (UBS AM REPM MM) has acquired Park Hyatt Zurich, a 138-key luxury hotel with ancillary office and parking elements.
The partnership purchased the hotel from an affiliate of Hyatt Hotels Corporation, and the hotel will remain branded as Park Hyatt Zurich under a long-term management agreement with Hyatt.
Park Hyatt Zurich occupies a prime island plot in the heart of Zurich’s central business district. Featuring the largest room inventory of luxury hotels in the Zurich CBD, the property represents an opportunity to own a purpose-built iconic hotel in a high barrier-to-entry market. The property comprises 138 guest rooms and suites, 880 square meters (9,472 square feet) of meeting and event space, three food and beverage offerings, a fitness center, and an underground parking g
