Partners Group acquires a stake in Trinity Investments

17 April 2024 09:44

Zurich CCGreater ZurichSwiss AMCHAM SoCal

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Baar/Honolulu/Los Angeles - Partners Group has acquired a minority stake in investment firm Trinity, which specializes in hotels. The Swiss private markets firm aims to support Trinity in expanding its portfolio in the U.S. and other parts of the world.

Partners Group Holding AG, which is based in the canton of Zug, has acquired a strategic minority stake in Trinity Investments, according to a press release. The real estate investor is focused on the hotel industry and has offices in Honolulu, Los Angeles and recently also in London. In 2023, Trinity was one of the largest buyers of hotels in the U.S., receiving the 2023 Transaction of the Year Award for investments over 25 million dollars at the 2024 Americas Lodging Investment Summit.

Trinity will receive initial financing of 500 million dollars from Partners Group. The globally active Swiss private markets firm will also have an opportunity to invest additional capital in Trinity’s North American, European and special situations investment platforms. Partners Group is listed on the Swiss Market Index of the 20 most liquid large caps on the Swiss stock exchange SIX.

In 2022, the two companies came together to acquire the Las Colinas Resort in Dallas, which was reopened in February 2024 as the Ritz-Carlton Dallas, Las Colinas, after a year-long modernization project. On April 8 this year, the partners also acquired the Scottsdale Plaza Resort & Villas in Paradise Valley, Arizona.

According to Sean Hehir, Managing Partner, President and CEO of Trinity, the two companies aim to “build a preeminent global hospitality program together”, and he sees an abundance of opportunities to achieve this. Jason Longo, Member of Management, Real Estate Americas, Partners Group, believes that “Trinity’s value-add approach closely matches our focus on value creation”. ce/mm

 

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