Partners Group acquires a strategic minority stake in Trinity Investments, an American investor in the hospitality industry, to support future growth Trinity. This is stated in the media reports.
Partners Group initially plans to invest $500 million in Trinity, and will also have the opportunity to invest additional capital in Trinity's investment platforms in North America, Europe and special situations.
Partners Group's acquisition of a strategic minority stake in Trinity is consistent with the company's strategy of investing in real estate companies to ensure access to the entire value chain throughout the asset lifecycle.
In October 2023, Trinity announced the opening of its London office under the leadership of Managing Partner Ryan Donn. The global expansion followed an active year for Trinity, during which the firm was one of the largest buyers of hotels in the United States.
Earlier this month, Trinity and Partners Group acquired The Scottsdale Plaza Resort & Villas, expanding a partnership between the two firms that began with their first joint venture in 2022 with The Las Colinas Resort in Dallas, which was recently transformed into The Ritz-Carlton Dallas. Las Colinas.
Jeff Altman, Senior Managing Director of JLL's Mergers and Acquisitions and Corporate Advisory Group, and Jones Lang LaSalle Securities, LLC, a subsidiary of Jones Lang LaSalle Americas, Inc., served as financial advisor to Trinity Investments in connection with the Partners Group transaction.
Trinity is a private real estate investment company with a 28—year history specializing in value-enhancing opportunities. Trinity, based in Honolulu, Hawaii, with offices in Los Angeles and London, specializes in unique real estate investments in world-class markets. As of April 2024, Trinity has invested over $9.8 billion in the United States, Mexico, Europe and Japan.
Partners Group is a leading global firm in the private market. Since 1996, the company has invested $210 billion in private equity, private real estate, private debt and private infrastructure on behalf of its clients worldwide. With $147 billion in assets under management as of December 31, 2023, Partners Group provides an innovative range of customized client solutions to institutional investors, sovereign wealth funds, family offices and individuals around the world. The firm employs more than 1,900 specialists of various profiles in 20 offices around the world, and its regional headquarters are located in Baar Zug, Switzerland; Denver, USA; and Singapore. Since 2006, it has been listed on the Swiss Stock Exchange.
