Trinity, Oaktree Form $3B Hotel JV
ByTrinity Investments and funds managed by Oaktree Capital Management are taking their relationship to a higher level—a much higher level. In a newly formed joint venture, Trinity and Oaktree will invest as much as $3 billion in high-quality valued-add hotels in a handful of select markets around the world.
The partners will focus their investment activity on Hawaii, California, Mexico and Japan, all of which fall on Trinity’s core markets list. “Expanding our relationship with Oaktree provides us with additional capital to increase our scale in our core markets,” Sean Hehir, president & CEO of Trinity Investments, said in a prepared statement. “Oaktree is a savvy investor who recognizes the success of our platform and shares our bullish outlook on these markets.”…
