Trinity Investments Acquires Fifty Percent Interest in Omni San Diego Hotel

San Diego–(work wire) – An investment fund managed by Trinity Fund Advisors LLC, a subsidiary of Trinity Real Estate Investments LLC (“Trinity”), today announced the acquisition of a 50 percent stake in the Omni San Diego Hotel from JMI Realty, which developed the hotel in Originally jointly with Petco Park in 2004. Omni Hotels & Resorts (“Omni”) owns and will continue to operate the remaining fifty percent of the hotel. The acquisition also includes more than 13,000 square feet of fully leased retail space at street level, located across the street from the hotel.

Located in the heart of the historic Gaslamp District, adjacent to Petco Park and across from the San Diego Convention Center, the award-winning 511-key, AAA 4-Diamond Omni San Diego hotel is located in a very busy area and benefits from several demand generators. Trinity and Omni plan to take advantage of strategic opportunities, including a multi-million dollar capital improvement plan that includes a comprehensive guestroom renovation, reimagining its F&B offering, and enhancing the hotel’s rooftop pool deck, fitness center, and other amenities.

“We are thrilled to acquire what we believe is one of the best-located hotels in San Diego, and to partner with Omni to unleash the hotel’s full potential,” said Sean Heherr, Managing Partner, President and CEO of Trinity. “In partnership with Omni, our teams have identified several opportunities to generate higher revenue and position the hotel as a major destination in the business and leisure travel market.”

Over the past ten years, the San Diego housing market has shown strong growth as a major tourist destination, leisure destination, and a highly desirable location for business gatherings. The downtown area is undergoing significant redevelopment, with several large office and life sciences development projects in the pipeline, as well as the expected future expansion of the San Diego Convention Center, all of which are expected to increase demand for well-appointed hotels. In conjunction with their capital improvement plan, and factors in the area’s redevelopment activity, Trinity and Omni plan to transform existing demand segmentation into a higher rated group and cross business.

“This is a strategic and mutually important business alignment between Omni and Trinity Hotels and Resorts,” said Peter Strebel, President of Omni Hotels & Resorts. “We are particularly excited to partner with Trinity, given their existing portfolio of leading assets, and their dedication to enhancing the hotel’s presence and influence in the San Diego market.”

The Omni San Diego Hotel marks Trinity’s third acquisition on behalf of Trinity GP Fund I LP, Trinity’s first hybrid US hospitality fund, after its acquisition of 352 switches at EAST Miami and 305W Hollywood, earlier this year.

About Trinity Real Estate Investments LLC

Trinity is a private real estate investment firm with a 26-year history of specializing in value-added opportunities. Headquartered in Honolulu, Hawaii, and with an office in Beverly Hills, California, Trinity focuses on unique real estate investments in world-class markets and has invested more than $8 billion in the United States, Mexico, Europe and Japan by leveraging its deep knowledge institutions and long-standing local relationships. Trinity is headquartered in Honolulu, Hawaii, and has an office in Beverly Hills, California. For additional information, please visit Trinity’s website at www.trinityinvestments.com.

About Omni Hotels & Resorts

Omni Hotels and Resorts creates true and authentic guest experiences at more than 50 premium luxury hotels and resorts in leading business and leisure destinations across North America. With over 21 golf courses and multiple short courses, and 24 signature award-winning spas in dynamic venues across the country, each Omni proudly opens its doors to share the true spirit of its destination. Reflected through local colour, personalized service, unique wellness options, signature dining and creative culinary offerings, Omni makes a lasting impression on every guest and the high level of appreciation and rewards offered through the Select Guest® loyalty programme. Omni is committed to reducing hunger and is on a mission through the Say Goodnight to Hunger initiative to provide millions of meals each year to food banks to feed children, families and seniors in the communities in which they operate. Through its partnership with Shared Hope International, Omni is dedicated to educating and training its partners to help combat human trafficking. Omni Hotels & Resorts is the official hotel of the PGA TOUR® and PGA TOUR Champions. For information or to book accommodations, visit www.omnihotels.com or call 1-800-The-Omni.

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