Trinity and Oaktree form $3b hotel JV

Trinity Investments and funds managed by Oaktree Capital Management have formed a joint venture to invest up to $3 billion in high-quality, value-added hotels in Trinity’s core markets: Hawaii, California, Mexico and Japan. The joint venture will seek to invest alongside global institutional and high-net-worth partners in these markets.

This strategic partnership follows Trinity and Oaktree’s recent acquisition of the long-term leasehold interest in The Westin Maui Resort & Spa from an affiliate of Starwood Hotels & Resorts. On a selective basis, the joint venture may also pursue hotel investments in select gateway markets in the United States. Trinity will oversee the joint venture and be responsible for its acquisitions and asset management.