Thursday, May 10, 2018
Hilton Los Cabos Beach & Golf Resort in Los Cabos, Mexico has been purchased by Oaktree Capital Management, L.P and Trinity Investments.
Trinity Investments LLC, funds has been managed by affiliates of Walton Street Capital, L.L.C. and funds managed by Oaktree Capital Management, L.P has announced the formation of a joint venture for the acquisition of Hilton Los Cabos Beach & Golf Resort in Los Cabos, Mexico.
Sean Hehir, president and CEO of Trinity said that purchasing the Hilton Los Cabos Beach & Golf Resort advances thier proven strategy of acquiring well-located, high-quality assets with value-add upside in international markets. They are strong believers in the long-term fundamentals supporting leisure and business travel to Los Cabos, and are pleased to consummate this transaction with two great partners in Oaktree and Walton Street who share this belief.
The Hilton Los Cabos Beach & Golf Resort is a AAA Four-Diamond, 375-room resort located within the prestigious Cabo Real Masterplan along the San Jose-San Lucas corridor at the tip of the Baja California peninsula.
The oceanfront ultra luxurious resort has benefited from a recent multi-million renovation that has significantly enhanced the guest experience.
Featuring six exceptional food and beverage concepts, a 7,000-square-foot spa and salon, and 88,000 square feet of indoor and outdoor meeting space, the resort also offers access to one of the area’s only swimmer-friendly beaches.
The Resort’s ‘hotel within a hotel’ concept, La Vista Club, launched in 2016 and includes 66 premium guestrooms. La Vista Club provides an elevated guest experience with exclusive privileges and luxury touches, including private facilities serving complimentary culinary creations for its members. All rooms at the Hilton Los Cabos Beach & Golf Resort feature high‐speed wireless Internet access, mini‐bar, in‐room safe and LCD television.
It is a great investment project and tourist development in Los Cabos is, according to the Secretary of Tourism of Mexico, Enrique de la Madrid. According to Secretary of Tourism of Mexico, this purchase is an additional proof of the confidence of entrepreneurs and investors in this country and in the future of its tourism sector.
Undoubtedly, projects like this place Mexico as a world class tourist destination, and contribute to increase the economic development of several regions, create thousands of new jobs and promote higher levels of well being for Mexican families.
