Trinity Investments, Oaktree Capital Management form hospitality JV

Marriott has sold The Westin Maui to a JV
Trinity has invested in the Westin Maui in Hawaii.

Trinity Investments and funds managed by Oaktree Capital Management have announced the formation of a joint venture to invest up to $3 billion in hotels in Trinity’s core markets: Hawaii, California, Mexico and Japan. 

The JV 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.

Virtual Event

Hotel Optimization Part 3 | January 27, 2021

With 2020 behind us and widespread vaccine distribution on the horizon, the second half of the new year is looking up, but for Q1 (and most likely well into Q2) we’re very much still in the thick of what has undeniably been the lowest point of the pandemic. What can you be doing now to power through and set yourself up for a prosperous 2021 and beyond? Join us at Part 3 of Hotel Optimization – A Virtual Event on January 27 from 10am – 1:05pm ET for expert panels focused on getting you back to profitability.


“Expanding our relationship with Oaktree provides us with additional capital to increase our scale in our core markets,” Sean Hehir, president and CEO of Trinity, said in a statement. “Oaktree is a savvy investor who recognizes the success of our platform and shares our bullish outlook on these markets.”

“This partnership aligns with Oaktree’s strategy to invest with experienced partners in key strategic markets," Ben Bianchi of Oaktree added. "We are confident that Trinity’s investment acumen and market knowledge coupled with our expertise will result in a highly attractive portfolio of hotel investments.”