A flurry of sales and financing deals are happening before the holidays, including the sale of the W Hollywood and MCR acquiring seven hotels.
Trinity Investments and Oaktree acquire W Hollywood
A joint venture among funds managed by Trinity Fund Advisors LLC, an affiliate of Trinity Real Estate Investments LLC, and funds managed by Oaktree Capital Management LP has acquired the W Hollywood, a 305-key luxury hotel.
Following the transaction, Trinity and Oaktree will undertake a multimillion-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.
Opened in 2010 as the first purpose-built luxury lifestyle hotel in greater Los Angeles, the property is located at the intersection of Hollywood and Vine. The hotel features 265 guestrooms and 40 suites.
Trinity and Oaktree…
