oaktree capital management
Trinity Investments and Oaktree Acquire 530-Key Hyatt Regency Indian Wells Resort & Spa
Trinity Real Estate Investments LLC | April 4, 2022
INDIAN WELLS, CA - April 4, 2022 - A joint venture among funds managed by Trinity Fund Advisors LLC, an affiliate of Trinity Real Estate Investments LLC (“Trinity”), and funds managed by Oaktree Capital Management, L.P. (“Oaktree”) today announced the acquisition of 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...
Trinity Investments and Oaktree Acquire 305-Key W Hollywood
Trinity Real Estate Investments LLC | December 21, 2021
LOS ANGELES - December 21, 2021 - A joint venture among funds managed by Trinity Fund Advisors LLC, an affiliate of Trinity Real Estate Investments LLC (“Trinity”), and funds managed by Oaktree Capital Management, L.P. (“Oaktree”) today announced the acquisition of W Hollywood, a 305-key luxury hotel located in the heart of Hollywood. Following the transaction, Trinity and Oaktree will undertake a multi-million-dollar capital improvement plan that will both elevate the hotel as well as enhance Marriott International’s design and positioning of the W Hotels brand globally as it evolves to meet the future needs of luxury travelers. ...
Cloud5 Communications Announces Recapitalization Led by Oaktree
Cloud5 Communications | October 22, 2019
CHICAGO (October 22, 2019) – Cloud5 Communications (“Cloud5” or “The Company”) announced today that funds managed by Oaktree Capital Management, L.P. (“Oaktree”), one of its primary investors, has acquired a majority interest position in the Company. Cloud5 Communications is a leading provider of communications solutions for the world’s top hotel brands and management companies. In this transaction, Oaktree recapitalized the Company and invested additional growth capital to support its continued expansion. Oaktree is majority owned by Brookfield Asset Management Inc., who together have over $500 billion of assets under man...
Fairmont San Francisco Hotel Interests Sold to Mirae Asset Global Investments for $450 Million
Oaktree | November 25, 2015
SAN FRANCISCO--November 25, 2015--The companies that own world renowned Fairmont San Francisco Hotel atop Nob Hill were sold today for $450 million by a partnership between funds managed by Oaktree Capital Management, L.P. ("Oaktree") and real estate investor Michael Rosenfeld's Woodridge Capital Partners LLC. Kingdom Holding Company (KHC) was also part of the selling group. The buyer is comprised of affiliated companies of Mirae Asset Global Investments, a large financial services company based in Seoul, Korea. Mirae is a pioneering financial services company that introduced the first mutual funds to Korea in 1998. Fairmont Hotels &...
Timbers Resorts to Develop and Manage Hokuala, A New Oceanfront Resort On The Island Of Kaua’i
Timbers Resorts | October 27, 2015
CARBONDALE, Colo., Oct. 27, 2015 -- Timbers Resorts, one of the largest independent developers and operators of private boutique resorts and residence clubs, today announced an expansion of its brand to Kaua'i and plans to develop and manage 450 acres on the island's southeast coast. Hokuala, which means "rising star" in Hawaiian, will become the newest resort in the Timbers portfolio, which currently includes the #1 Resort in Europe, Castello di Casole, and the #2 Resort in the U.S., The Sebastian – Vail by Travel + Leisure Magazine. This unique oceanfront resort community will offer residents and guests unobstr...
IHG Sells the 383-room InterContinental Mark Hopkins San Francisco for $120 Million
IHG (InterContinental Hotels Group) | February 18, 2014
18 February 2014 - InterContinental Hotels Group PLC (IHG) [LON:IHG, NYSE:IHG (ADRs)] today announces the sale of the 383 room InterContinental San Francisco Mark Hopkins**(the "Hotel") to a joint venture between affiliates of Woodridge Capital Partners ("Woodridge") and funds managed by Oaktree Capital Management L.P. ("Oaktree") for $120m gross cash proceeds. IHG will continue to manage the Hotel under a long-term management contract. The Hotel first opened in 1926, and became an InterContinental in 1973. IHG acquired the lessee interest in 1983 and subsequently acquired the freehold in 2010. The new owners have agreed to invest appro...
Northview Hotel Group & Affiliate of Oaktree Capital Management Acquire the Bethesda Marriott in MD
Northview Hotel Group | October 14, 2013
BETHESDA, Md. - October 14, 2013 - A partnership of Northview Hotel Group and an affiliate of Oaktree Capital Management, L.P. has acquired the Bethesda Marriott Hotel at Pooks Hill Road, Bethesda, MD. The Bethesda Marriott is a full-service 407-key hotel located adjacent to Rockville Pike, approximately nine miles north of Washington D.C. and close to downtown Bethesda, the National Institute of Health, and Walter Reed Medical Center. The Hotel features a 180-seat three-meal restaurant, 19,000 square feet of meeting space, and indoor and outdoor pools. Marriott Hotels & Resorts manages the Hotel under a long-term management contrac...
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