Trinity acquires second European asset, establishing itself as a leading acquirer of single asset hotels in Europe in 2024
LONDON–(BUSINESS WIRE)–A partnership between Trinity Investments (Trinity), funds managed by Oaktree Capital Management, L.P. (Oaktree), and Partners Group, acting on behalf of its clients, has acquired The Standard, London, a luxury lifestyle hotel situated in the heart of London.
The Standard, London was the brand’s first international hotel when it opened in 2019, and is situated at King’s Cross, occupying the striking and architecturally significant Brutalist-style Camden Town Hall Annexe building. The hotel features 266 spacious guestrooms and suites, six exceptional food and beverage offerings, including the award-winning Decimo restaurant, Double Standard cocktail bar, and a rooftop bar with panoramic city views. In addition to being Europe’s most connected transportation hub, the King’s Cross area has also evolved into the home of the technology and life sciences sector, with major companies such as Google (NASDAQ:), Meta (NASDAQ:), Merck (NS:), and AstraZeneca (NASDAQ:) establishing offices nearby.
We are thrilled to acquire The Standard, London, a flagship of the Standard brand, together with our longstanding partners at Oaktree and Partners Group, said Ryan Donn, Managing Partner of Trinity Investments. This hotel has quickly become a cultural icon in one of London’s most dynamic neighborhoods. We see huge potential to build upon this strong foundation by collaborating with Standard International, following its incorporation into the Hyatt family of brands, and solidify the hotel’s position as a leading luxury lifestyle destination in Europe. The hotel is the perfect addition to Trinity’s quickly expanding portfolio in Europe.
This investment marks yet another milestone in our joint venture with Trinty and aligns with our confidence in the growth potential of Europe’s luxury lifestyle sector. Our long-standing partnership with Trinity dates to 2017, and we have since acquired nearly 5,000 hotel keys, representing close to $3 billion in asset value, said Benjamin Bianchi, Managing Director and Head of Europe for Oaktree’s group. It also highlights the strength of our ownership model and our ability to repeatedly collaborate with global brands such as Hyatt, strategically investing in the property and its operations to fully realize the potential of a flag like The Standard.
We strongly believe that distinctive…
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