• 0
  • Home
  • About Us
  • What We Do

Shopping Cart

GPAM
  • Home
  • About Us
  • What We Do

Oaktree, Trinity buy Hyatt Regency Indian Wells for $137.5M

Oaktree’s Jay Wintrob and Trinity’s Sean Hehir with the Hyatt Regency Indian Wells (Oaktree Capital Management, Trinity Real Estate Investments, Hyatt)

Oaktree Capital Management and Trinity Real Estate Investments have bought a Hyatt Regency in the greater Palm Springs area for $137.5 million, The Real Deal has learned.

Hyatt sold the 530-key Hyatt Regency Indian Wells to funds managed by Oaktree and an affiliate of Trinity, according to an announcement last week that did not disclose the purchase price. Property records filed with Riverside County show the deal closed for $137.5 million, or about $259,433 per key, on April 1. Hyatt did not respond to a request for comment.

Trinity and Oaktree are planning to renovate the property at 44600 Indian Wells Lane under a “multi-million-dollar” plan to upgrade food and beverage and all guest rooms, the companies said in a statement. Hyatt will continue to manage the property under a long-term agreement.

Hyatt bought the property in 2018 for around $120 million, financial records show. The company then renovated the hotel in 2020, spending $21 million on a waterpark and upgrading guest rooms and meeting spaces.

Given the hotel is close to Palm Springs International Airport, along with the Coachella and Stagecoach festivals, the firms are expecting “to capture increased group and leisure travel,” Oaktree and Trinity said in a statement.

The Palm Springs hotel isn’t the first time Oaktree and Trinity have partnered on a purchase. In 2017, the firms formed a venture to spend up to $3 billion on hotels in Hawaii, California, Mexico and Japan.

In December, the venture purchased the 305-key W Hollywood hotel for $197 million from Maryland-based hotel REIT Host Hotels & Resorts. Host Hotels sold that property for a loss — it bought the hotel for $220 million in 2017.

[contact-form-7 404 "Not Found"]

The post Oaktree, Trinity buy Hyatt Regency Indian Wells for $137.5M appeared first on The Real Deal Los Angeles.

Powered by WPeMatico

  • 15 April 2022
  • The Real Deal
  • Uncategorized
  •  Like
Bill to boost renter tax credit moves in legislature →← Pasadena looks set to end emergency eviction moratorium
  • Recent Posts

    • Is CEQA win first shot at a broader overhaul for resi market?   July 5, 2025
    • Hankey finances bargain-bin hotel buy near SF’s Union Square July 3, 2025
    • Industry group flails as CEQA adjustments hit California builders unevenly July 3, 2025
    • Orange County office tower sells for discounted $19M July 3, 2025
    • City to deploy $425M of “mansion tax” money in record spending plan July 3, 2025
  • Recent Comments

    • Archives

      • July 2025
      • June 2025
      • May 2025
      • April 2025
      • March 2025
      • February 2025
      • January 2025
      • December 2024
      • November 2024
      • October 2024
      • September 2024
      • August 2024
      • July 2024
      • June 2024
      • May 2024
      • April 2024
      • March 2024
      • February 2024
      • January 2024
      • December 2023
      • February 2023
      • January 2023
      • December 2022
      • November 2022
      • October 2022
      • September 2022
      • August 2022
      • July 2022
      • June 2022
      • May 2022
      • April 2022
      • March 2022
      • February 2022
      • January 2022
      • December 2021
      • November 2021
      • October 2021
      • September 2021
      • August 2021
      • July 2021
      • June 2021
      • May 2021
      • April 2021
      • March 2021
      • February 2021
      • January 2021
      • December 2020
      • November 2020
      • October 2020
      • September 2020
      • August 2020
      • July 2020
      • June 2020
      • May 2020
      • April 2020
      • March 2020
      • February 2020
      • January 2020
      • December 2019
      • November 2019
      • October 2019
      • September 2019
      • August 2019
      • July 2019
      • June 2019
      • May 2019
      • April 2019
      • March 2019
      • February 2019
      • January 2019
      • December 2018
      • November 2018
      • October 2018
      • September 2018
      • August 2018
      • July 2018
      • June 2018
      • May 2018
      • April 2018
      • March 2018
      • February 2018
      • January 2018
      • December 2017
    • Global Property and Asset Mangement, Inc.
      137 North Larchmont
      Los Angeles, California 90010
      +1 213-427-1127

    © 2025 GPAM