Trinity Investments, Walton Street Capital, Oaktree Capital acquire Los Cabos, Mexico, resort

Trinity Investments, funds managed by affiliates of Walton Street Capital, and funds managed by Oaktree Capital Management, have formed a joint venture and acquired the Hilton Los Cabos Beach & Golf Resort in Los Cabos, Mexico.

The purchase price was not disclosed.

“Purchasing the Hilton Los Cabos Beach & Golf Resort advances our proven strategy of acquiring well-located, high-quality assets with value-add upside in international markets that we know exceptionally well,” said Sean Hehir, president and CEO of Trinity. “We are strong believers in the long-term fundamentals supporting leisure and business travel to Los Cabos, and are pleased to consummate this transaction with two great partners in Oaktree and Walton Street who share this belief.”

The Hilton Los Cabos Beach & Golf Resort is a AAA Four-Diamond, 375-room resort located within the prestigious Cabo Real masterplan along the San Jose–San Lucas corridor at the tip of the Baja California peninsula. The oceanfront resort has benefited from a recent multi-million-dollar renovation that has significantly enhanced the guest experience. Featuring six exceptional food and beverage concepts, a 7,000-square-foot spa and salon, and 88,000 square feet of indoor and outdoor meeting space, the resort also offers access to one of the area’s only swimmer-friendly beaches.

The Hilton Los Cabos Beach & Golf Resort’s “hotel within a hotel” concept, La Vista Club, launched in 2016 and includes 66 premium guestrooms.

“This acquisition is a continuation of our strategy to develop and acquire institutional-quality assets with leading operating partners,” said Federico Martin del Campo, managing partner and CEO of Walton Street Capital México. “We are excited to acquire this world-class hotel, with a top brand such as Hilton, in one of the main tourism markets in Mexico.”

This investment project and tourist development in Los Cabos is, according to the Secretary of Tourism of Mexico, Enrique de la Madrid, “an additional proof of the confidence of entrepreneurs and investors in our country and in the future of its tourism sector. Undoubtedly, projects like this place Mexico as a world-class tourist destination, and contribute to increase the economic development of several regions, create thousands of new jobs and promote higher levels of wellbeing for Mexican families.”