A joint venture between funds managed by Trinity Fund Advisors LLC, an affiliate of Trinity Real Estate Investments, and funds managed by Oaktree Capital Management, has acquired Hyatt Regency Indian Wells Resort & Spa, a 530-key hotel located in the Greater Palm Springs area, one of the top drive-to resort markets in the country.
Trinity and Oaktree intend to undertake a multi-million-dollar capital improvement plan to reposition the resort, and Hyatt Corporation will continue to manage Hyatt Regency Indian Wells Resort & Spa under a long-term management agreement. This represents the sixth investment in seven premier assets across six markets totaling over 4,500 keys that Trinity and Oaktree have made together.
First opened in 1989, the 36-acre Hyatt Regency Indian Wells Resort & Spa has benefited from multiple improvements features 88,000 square feet of indoor and outdoor event space, four food and beverage outlets, nine outdoor pools and a fitness and s
