Trinity Investments, Funds Managed by Oaktree Capital Management, and Funds Managed by UBS Asset Management Acquire Park Hyatt Zurich
Summary
The property is comprised of 138 guestrooms and suites, 880 square meters of meeting and event space, three food and beverage offerings, a fitness center, and an underground parking garage. We could not be more thrilled to extend these relationships into the European arena.” “ This investment marks another significant milestone in the continued growth of our global hotel platform together with Trinity,” said Benjamin Bianchi, Managing Director and Head of Europe for Oaktree’s Real Estate group. “ We are also excited to continue our existing relationship with Hyatt with this trophy property in a market that has been historically difficult to access for international investors.” “ We are seeing strong growth in our business globally, and a key part of that is driven by high quality real estate co-investments. Based in Honolulu, Hawaii, with offices in Los Angeles and London, Trinity focuses on unique real estate investments in world-class markets. As of April 2024, Trinity has invested more than US $9.8 billion in the United States, Mexico, Europe, and Japan by leveraging its deep institutional knowledge and longstanding local relationships.