{"id":1004229336,"date":"2018-05-11T03:00:50","date_gmt":"2018-05-11T11:00:50","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004229336"},"modified":"2022-12-08T20:09:58","modified_gmt":"2022-12-09T04:09:58","slug":"jv-makes-oceanfront-resort-purchase-in-mexico","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/jv-makes-oceanfront-resort-purchase-in-mexico\/","title":{"rendered":"JV Makes Oceanfront Resort Purchase in Mexico"},"content":{"rendered":"

By Gail Kalinoski<\/em><\/p>\n

\"Hilton<\/a>

Hilton Los Cabos Beach & Golf Resort<\/p><\/div>\n

Citing a recent multimillion-dollar renovation and confidence in the Los Cabos, Mexico, hospitality market, a joint venture of Trinity Investments LLC, Walton Street Capital LLC and Oaktree Capital Management LP has acquired the Hilton Los Cabos Beach & Golf Resort.<\/p>\n

The seller and purchase price for the AAA Four-Diamond, 375-key resort were not disclosed. However, shortly after news broke of the joint venture acquisition of the resort, Hilton Grand Vacations announced it had made a $41 million deposit to purchase 87 guestrooms from the JV and convert them into 74 timeshare units. The firm estimated its total project investment to be about $50 million, including deposit, renovations and additional startup costs. HGV said it expects to obtain title to the units and begin renovations in the second quarter of 2019. Sales are expected to begin by late 2019.<\/p>\n

Executives in the joint venture buying the resort said they believe in the long-term fundamental of Los Cabos for business and leisure travel.<\/p>\n

\u201cPurchasing the Hilton Los Cabos Beach & Golf Resort advances our proven strategy of acquiring well-located, high-quality assets with value-add upside in international markets that we know exceptionally well,\u201d<\/em> Sean Hehir, president & CEO of Trinity, said in a prepared statement.<\/p>\n

\u201cThis acquisition is a continuation of our strategy to develop and acquire institutional quality assets with leading operating partners. We are excited to acquire this world-class hotel, with a top brand such as Hilton, in one of the main tourism markets in Mexico,\u201d <\/em>added Federico Martin del Campo, managing partner & CEO of Walton Street Capital Mexico.<\/p>\n

The oceanfront resort, located within the Cabo Real master plan at the tip of the Baja California peninsula, has one of the area\u2019s only swimmer-friendly beaches. It has six food and beverage concepts, a 7,000-square-foot spa and salon and 88,000 square feet of indoor and outdoor meeting space.<\/p>\n

La Vista Club, which includes 66 premium guestrooms, is the resort\u2019s \u2018hotel within a hotel\u2019 concept that was launched in 2016. It provides an elevated guest experience with exclusive features and luxury touches, including private facilities serving complimentary cuisine for members.<\/p>\n

Trinity, Oaktree Share History<\/strong><\/h2>\n

Trinity has previously invested in Mexico real estate in gateway markets. The Hawaiian-based investment firm developed the Le Meridien Mexico City, a 160-suite hotel on the city\u2019s famous Paseo de la Reforma thoroughfare.<\/p>\n

Trinity and Oaktree have also worked together in the past. The entities formed a joint venture in August to invest as much as $3 billion in high-quality, value-add hotels<\/a> in select markets in Hawaii, California, Mexico and Japan. Several months earlier in 2017, Trinity and Oaktree teamed up to buy the long-term leasehold interest in The Westin Maui Resort & Spa, Ka\u2019anapali, from Marriott International Inc. for $317 million<\/a>. The asset is a premier 759-key resort on 12 oceanfront acres on Maui\u2019s Ka\u2019anapali Beach. Trinity and Oaktree also agreed to manage the property.<\/p>\n

Image courtesy of Trinity Investments LLC, Walton Street Capital and Oaktree Capital Management LP<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Trinity Investments LLC, Walton Street Capital LLC and Oaktree Capital Management LP teamed up to acquire the 375-key Hilton Los Cabos Beach & Golf Resort.<\/p>\n","protected":false},"author":1068,"featured_media":1004229342,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21808,21751,16,21783,21742],"tags":[32805,33024,32944,38440,34802,37674],"class_list":["post-1004229336","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-featured","category-hotel","category-international","category-investment","category-latest","tag-hilton","tag-hilton-grand-vacations","tag-oaktree-capital-management","tag-sean-hehir","tag-trinity-investments","tag-walton-street-capital"],"acf":[],"yoast_head":"\nJV Makes Oceanfront Resort Purchase in Mexico - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/jv-makes-oceanfront-resort-purchase-in-mexico\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JV Makes Oceanfront Resort Purchase in Mexico\" \/>\n<meta property=\"og:description\" content=\"Trinity Investments LLC, Walton Street Capital LLC and Oaktree Capital Management LP teamed up to acquire the 375-key Hilton Los Cabos Beach & Golf Resort.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/jv-makes-oceanfront-resort-purchase-in-mexico\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-11T11:00:50+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T04:09:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Hilton-Los-Cabos.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"800\" \/>\n\t<meta property=\"og:image:height\" content=\"620\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gail Kalinoski\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-makes-oceanfront-resort-purchase-in-mexico\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/jv-makes-oceanfront-resort-purchase-in-mexico\/\",\"name\":\"JV Makes Oceanfront Resort Purchase in Mexico - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-makes-oceanfront-resort-purchase-in-mexico\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-makes-oceanfront-resort-purchase-in-mexico\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Hilton-Los-Cabos.jpg\",\"datePublished\":\"2018-05-11T11:00:50+00:00\",\"dateModified\":\"2022-12-09T04:09:58+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-makes-oceanfront-resort-purchase-in-mexico\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/jv-makes-oceanfront-resort-purchase-in-mexico\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-makes-oceanfront-resort-purchase-in-mexico\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Hilton-Los-Cabos.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Hilton-Los-Cabos.jpg\",\"width\":800,\"height\":620,\"caption\":\"Hilton Los Cabos Beach & Golf Resort\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/jv-makes-oceanfront-resort-purchase-in-mexico\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"JV Makes Oceanfront Resort Purchase in Mexico\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57\",\"name\":\"Gail Kalinoski\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86\",\"caption\":\"Gail Kalinoski\"},\"description\":\"Kalinoski has been a contributing writer to Commercial Property Executive and Multi-Housing News since 2010 and previously wrote for three years for Commercial Property News. Gail has been a freelance writer and editor for more than 20 years, contributing to daily websites, magazines, weekly business newspapers, market intelligence newsletters, research reports, monthly B-to-B and consumer magazines. Earlier in her career, Gail worked for Gannett Corp. as an editor and reporter for 15 years. Gail has a bachelor\u2019s degree in journalism from Pace University.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/gail-kalinoski\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"JV Makes Oceanfront Resort Purchase in Mexico - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/jv-makes-oceanfront-resort-purchase-in-mexico\/","og_locale":"en_US","og_type":"article","og_title":"JV Makes Oceanfront Resort Purchase in Mexico","og_description":"Trinity Investments LLC, Walton Street Capital LLC and Oaktree Capital Management LP teamed up to acquire the 375-key Hilton Los Cabos Beach & Golf Resort.","og_url":"https:\/\/www.commercialsearch.com\/news\/jv-makes-oceanfront-resort-purchase-in-mexico\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2018-05-11T11:00:50+00:00","article_modified_time":"2022-12-09T04:09:58+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Hilton-Los-Cabos.jpg","type":"image\/jpeg"}],"author":"Gail Kalinoski","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/jv-makes-oceanfront-resort-purchase-in-mexico\/","url":"https:\/\/www.commercialsearch.com\/news\/jv-makes-oceanfront-resort-purchase-in-mexico\/","name":"JV Makes Oceanfront Resort Purchase in Mexico - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/jv-makes-oceanfront-resort-purchase-in-mexico\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/jv-makes-oceanfront-resort-purchase-in-mexico\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Hilton-Los-Cabos.jpg","datePublished":"2018-05-11T11:00:50+00:00","dateModified":"2022-12-09T04:09:58+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/jv-makes-oceanfront-resort-purchase-in-mexico\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/jv-makes-oceanfront-resort-purchase-in-mexico\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/jv-makes-oceanfront-resort-purchase-in-mexico\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Hilton-Los-Cabos.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Hilton-Los-Cabos.jpg","width":800,"height":620,"caption":"Hilton Los Cabos Beach & Golf Resort"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/jv-makes-oceanfront-resort-purchase-in-mexico\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"JV Makes Oceanfront Resort Purchase in Mexico"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57","name":"Gail Kalinoski","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86","caption":"Gail Kalinoski"},"description":"Kalinoski has been a contributing writer to Commercial Property Executive and Multi-Housing News since 2010 and previously wrote for three years for Commercial Property News. Gail has been a freelance writer and editor for more than 20 years, contributing to daily websites, magazines, weekly business newspapers, market intelligence newsletters, research reports, monthly B-to-B and consumer magazines. Earlier in her career, Gail worked for Gannett Corp. as an editor and reporter for 15 years. Gail has a bachelor\u2019s degree in journalism from Pace University.","url":"https:\/\/www.commercialsearch.com\/news\/author\/gail-kalinoski\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/05\/Hilton-Los-Cabos.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004229336","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/1068"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004229336"}],"version-history":[{"count":3,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004229336\/revisions"}],"predecessor-version":[{"id":1004612257,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004229336\/revisions\/1004612257"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004229342"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004229336"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004229336"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004229336"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}