Hanalei Bay Resort is a stunning property located in Princeville, on the north shore of Kauai, Hawaii. The resort comprises of 358 rooms, suites, and villas that offer breathtaking views of the mountains and the Pacific Ocean.
It offers a wide range of amenities including swimming pools, tennis courts, a golf course, and an award-winning restaurant. But who owns Hanalei Bay Resort? Let’s dive into the details.
History
Hanalei Bay Resort was built in 1975 by developer Ron Allsbrooks. The property was initially managed by Sheraton Hotels and Resorts before being sold to Starwood Hotels and Resorts in 1994. In 2016, Starwood was acquired by Marriott International, which currently manages the resort.
Ownership
The ownership of Hanalei Bay Resort has changed hands several times since its inception. In 2018, a joint venture between local real estate firm Trinity Investments LLC and Oaktree Capital Management LP acquired the resort for $70 million. Trinity Investments is a Honolulu-based real estate firm that specializes in acquiring and developing hotels and resorts across Asia-Pacific.
Trinity Investments LLC
Trinity Investments LLC was founded in 2000 by CEO Robert J. “Bob” Nakasone. The company has a diverse portfolio of investments that includes hotels, resorts, residential properties, and commercial real estate across Asia-Pacific.
Oaktree Capital Management LP
Oaktree Capital Management LP is an American global asset management firm specializing in alternative investment strategies. The company has over $140 billion in assets under management as of March 2021.
Conclusion
In conclusion, Hanalei Bay Resort is currently owned by a joint venture between Trinity Investments LLC and Oaktree Capital Management LP. With their combined expertise in real estate and asset management, the resort is in good hands and is sure to continue providing an unforgettable experience for its guests.