Trinity Investments Partners with Oaktree Capital Management and UBS Asset Management for Park Hyatt Zurich Acquisition

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A joint partnership between Trinity Investments, Oaktree Capital Management, and UBS Asset Management’s Real Estate & Private Markets Multi-Managers business has successfully acquired Park Hyatt Zurich, a luxury hotel in Zurich’s central business district. The partnership purchased the hotel from an affiliate of Hyatt Hotels Corporation and will continue to operate it under a long-term management agreement with Hyatt.

Park Hyatt Zurich is strategically located in the heart of Zurich’s central business district and boasts the largest room inventory among luxury hotels in the area. With 138 guestrooms and suites, ample meeting and event space, three dining options, a fitness center, and an underground parking garage, the property offers a unique opportunity to own a purpose-built iconic hotel in a high barrier-to-entry market. Additionally, the acquisition includes nearly 4,000 square meters of office space.

Trinity Investments sees the acquisition as a significant step in its expansion into Europe, as it marks the company’s entry into the European market. It also strengthens Trinity’s existing partnerships with Oaktree and UBS AM REPM MM. This acquisition is the third hotel acquisition from Hyatt, the seventh joint venture globally with Oaktree, and the second joint venture with UBS AM REPM MM. Trinity opened its London office in July 2023 as part of its global expansion.

The partnership is excited about the future of Park Hyatt Zurich and aims to further enhance its position as a symbol of Swiss luxury hospitality. This acquisition is a testament to the collaboration between Trinity, Oaktree, and UBS in bringing new ownership to the hotel.

Trinity Investments is a private real estate investment firm with a focus on value-add opportunities, while Oaktree Capital Management specializes in alternative investments. UBS Asset Management’s Real Estate & Private Markets Multi-Managers business focuses on high-quality real estate co-investments.

The acquisition of Park Hyatt Zurich by Trinity Investments, Oaktree Capital Management, and UBS Asset Management’s Real Estate & Private Markets Multi-Managers business highlights the expansion of Trinity into the European market. This move not only strengthens Trinity’s existing partnerships with Oaktree and UBS AM REPM MM, but also marks their entry into the European market.

Park Hyatt Zurich, located in Zurich’s central business district, offers a unique investment opportunity due to its strategic location and large room inventory. With 138 guestrooms and suites, ample meeting and event space, dining options, fitness center, and underground parking garage, the property is a purpose-built iconic hotel in a high barrier-to-entry market. Additionally, the acquisition also includes nearly 4,000 square meters of office space, adding further value to the investment.

The partnership aims to enhance Park Hyatt Zurich’s position as a symbol of Swiss luxury hospitality. The hotel will continue to be operated under a long-term management agreement with Hyatt, ensuring that the brand’s reputation and high standards are maintained.

Trinity Investments is a private real estate investment firm that focuses on value-add opportunities, while Oaktree Capital Management specializes in alternative investments. UBS Asset Management’s Real Estate & Private Markets Multi-Managers business focuses on high-quality real estate co-investments. The collaboration between these three entities demonstrates their confidence in the future potential and profitability of the luxury hotel industry in Zurich.

According to market forecasts, the hospitality industry is expected to experience steady growth in the coming years. Factors such as increasing global travel, rising disposable incomes, and the desire for unique and luxury experiences are driving the demand for high-quality hotels. Zurich, as a major financial and business hub, is a particularly attractive location for luxury hotels.

However, the industry also faces challenges. Competition among luxury hotels in Zurich is intense, as several renowned hotel chains and independent boutique hotels operate in the area. In order to succeed and maintain a competitive edge, it is crucial for hotels to continuously innovate and provide exceptional guest experiences.

Overall, the acquisition of Park Hyatt Zurich by Trinity Investments, Oaktree Capital Management, and UBS Asset Management’s Real Estate & Private Markets Multi-Managers business represents their confidence in the luxury hotel industry in Zurich. With the strategic location and unique offerings of Park Hyatt Zurich, the partnership aims to capitalize on the growing demand for luxury hospitality in the city.

To learn more about Trinity Investments and their real estate investments, visit their website.
For information about Oaktree Capital Management and their alternative investment expertise, visit their website.
To explore UBS Asset Management’s Real Estate & Private Markets Multi-Managers business and their real estate co-investment focus, visit their website.
To discover more about the Park Hyatt Zurich, visit their website.