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Oaktree and Trinity Investments Secure $515 Million Refinancing for The Westin Maui Resort & Spa

Retrieved on: 
Tuesday, July 18, 2023
Professional Services, Vacation, Finance, Lodging, Destinations, Travel, Oaktree Capital Management, Food, South Beach Tower, Hibernia Real Estate Group, Golf, Acquisition, Restaurant, Hotel

Funds managed by Oaktree Capital Management, L.P. (“Oaktree”) and Trinity Investments (“Trinity”) announced today that the firms have arranged a $515 million refinancing of the existing $360 million loan for The Westin Maui Resort & Spa, Kaʻanapali.

Key Points: 
  • Funds managed by Oaktree Capital Management, L.P. (“Oaktree”) and Trinity Investments (“Trinity”) announced today that the firms have arranged a $515 million refinancing of the existing $360 million loan for The Westin Maui Resort & Spa, Kaʻanapali.
  • The refinancing follows the completion of Oaktree and Trinity’s close to $120 million renovation and repositioning plan for the resort.
  • A joint venture among Oaktree and Trinity acquired the resort in 2017.
  • “Since acquiring The Westin Maui Resort & Spa, we’ve leveraged Trinity’s in-house asset management and development capabilities to transform the resort, making it a go-to destination in Maui,” said Sean Hehir, Managing Partner, President, and CEO of Trinity.

ATLANTIS PARADISE ISLAND ANNOUNCES GROUNDBREAKING ENHANCEMENTS FOR 2022 AND BEYOND

Retrieved on: 
Wednesday, April 20, 2022
VIP, Escape, Program, Engineering, South Beach Tower, Royal, Animal, Multimedia, Breakfast, Dolphin, Atlantis Casino Resort Spa, Water, ABPF, Coral Reefs, Diving, The Cove, Olive, AKA, Environment, Partnership, Gold, Nature, Footplate, Awareness, Golf, Wetland, Michelin, Salad, Restaurant, Food, Atmosphere of Earth, Heart, Marea, The Coral, Hurricane Katrina, Lapis lazuli, Pita, Night Club, Culture, Nancy Drew: Treasure in the Royal Tower, Tennis, SCUBA, Tropic Ocean Airways, The Reef, FISH, Hotel, Amusement park, Atlantis Paradise Island, Atlantis Resorts, Convivio, The New York Times, Cove

PARADISE ISLAND, Bahamas, April 20, 2022 /PRNewswire/ -- Atlantis Paradise Island is going bigger and bolder in 2022 by announcing multimillion-dollar renovations and exciting new partnerships at the iconic resort located on five miles of white sand beaches in The Bahamas. For nearly 25 years, Atlantis, best known for exuding Bahamian culture, serving as a marvel and custodian of marine life, and its landmark pink architecture – specifically the highly recognizable Royal Towers and Bridge Suite - has paved the way for luxury, hospitality and entertainment in the Caribbean and around the world. Now the resort is raising the bar even higher by embarking upon a new chapter with an array of massive upgrades and striking enhancements that include the redevelopment of The Beach Tower and all Royal Tower guestrooms and suites, a reimagined Atlantis Casino, and the addition of another Michelin-starred chef to its already impressive dining roster.

Key Points: 
  • PARADISE ISLAND, Bahamas, April 20, 2022 /PRNewswire/ -- Atlantis Paradise Island is going bigger and bolder in 2022 by announcing multimillion-dollar renovations and exciting new partnerships at the iconic resort located on five miles of white sand beaches in The Bahamas.
  • Stunning accommodations, innovative cuisine, and dynamic experiences travelers will experience from Atlantis Paradise Island, the most famed and fantastical island destination.
  • "We could not be more excited for all of the developments coming to Atlantis this year," said Audrey Oswell, President and Managing Director of Atlantis Paradise Island.
  • Atlantis Paradise Island, a lush, oceanside resort located on Paradise Island in The Bahamas, is a dynamic destination that launched over 25 years ago as a first-of-its-kind modern marvel of nature and engineering.

Yanlord Posts Revenue up 44.7% to RMB13.189 Billion for 1H 2021

Retrieved on: 
Friday, August 13, 2021
People, Income, Motherboard, Park Avenue, Company, COVID-19, Mission statement, Central, One-north, Crowne Plaza, Tier 2, Travel, Public policy, Republic, Acquisition, Growth, South Beach Tower, Singapore Exchange, Group, The Group, Tourism, City, Mansion, GFA, Industry, UE, ASP, Flu Season (Parks and Recreation), Lithium, Risk management, Tunnel, Rare-earth element, Environmental remediation, Insurance, Commercial property

With the increase of GFA being delivered and recognised as revenue of the Group in 1H 2021, gross profit of the Group for 1H 2021 increased by 7.5% to RMB3.520 billion compared to 1H 2020.

Key Points: 
  • With the increase of GFA being delivered and recognised as revenue of the Group in 1H 2021, gross profit of the Group for 1H 2021 increased by 7.5% to RMB3.520 billion compared to 1H 2020.
  • Gross profit margin decreased by 9.2 percentage points to 26.7% in 1H 2021 from 35.9% in 1H 2020 primarily due to the change in the composition of product-mix delivered in 1H 2021.
  • Profit attributable to owners of the Company for 1H 2021 was RMB823 million, an increase of 67.1% compared to 1H 2020.
  • The gross property sales (including car parks) recognised in 1H 2021 amounting to RMB18.558 billion, an increase of 127.4% compared to 1H 2020, of which, RMB11.433 billion was recognised as revenue of the Group and RMB7.125 billion was recognised as revenue of joint ventures and associates.