Trinity Investments, Funds Managed by Oaktree Capital Management, and Funds Managed by UBS Asset Management Acquire Park Hyatt Zurich
A joint partnership among Trinity Investments (“Trinity”), funds managed by Oaktree Capital Management (“Oaktree”), and funds managed by UBS Asset Management’s Real Estate & Private Markets Multi-Managers business (“UBS AM REPM MM”) has acquired Park Hyatt Zurich, a 138-key luxury hotel with ancillary office and parking elements.
- A joint partnership among Trinity Investments (“Trinity”), funds managed by Oaktree Capital Management (“Oaktree”), and funds managed by UBS Asset Management’s Real Estate & Private Markets Multi-Managers business (“UBS AM REPM MM”) has acquired Park Hyatt Zurich, a 138-key luxury hotel with ancillary office and parking elements.
- The joint partnership purchased the hotel from an affiliate of Hyatt Hotels Corporation, and the hotel will remain branded as Park Hyatt Zurich under a long-term management agreement with Hyatt.
- Park Hyatt Zurich occupies a prime island plot in the heart of Zurich’s central business district.
- “The Park Hyatt Zurich is the perfect launch of Trinity’s business model into Europe,” said Ryan Donn, Managing Partner of Trinity Investments.