Oaktree and Trinity will invest in hotels in Mexico, US and Japan
Oaktree Capital Management established a joint corporation with Trinity Investments with a goal to invest up to US$ 3 million to open hotels in Hawaii, California, Mexico and Japan. These companies are looking to invest together with institutional and high gross value partners within these markets. Trinity will oversee the joint corporation and it will be responsible for the purchases and assets management. Oaktree teamed up with Trinidad earlier this year, to buy a long-term leasing contract for the Westin Maui Resort & Spa, one of the properties acquired by Marriott International during its merger with Starwood Hotels & Resorts.