A hotels investment venture between Partners Group-backed Trinity Investments and Oaktree Capital Management has added a luxury lifestyle hotel in the UK’s capital to its portfolio.
Trinity, Oaktree real estate funds and Partners Group have invested an unspecified sum to acquire The Standard, London, a 266-room hotel located in King’s Cross owned by Hyatt Hotels Corporation.
Last month, Hyatt announced the completed acquisition of Standard International, the parent company of The Standard and Bunkhouse Hotel brands.
Source: realassets.ipe.com on the 18th of November