Starwood Sells Leasehold in Westin Maui for $317M

April 5, 2017

A JV between funds managed by Honolulu, HI-based Trinity Investments, LLC and funds managed by Los Angeles-based Oaktree Capital Management, L.P. acquired the long-term leasehold interest in The Westin Maui Resort & Spa in Hawaii for a reported $317 million. The leasehold interest was held by an affiliate of Starwood Hotels & Resorts, which will still manage the property.

Located on Ka’anapali Beach, the 759-room luxury resort is situated on 12 acres and features a diverse mix of amenities including an 87,000-square-foot aquatic playground, lush gardens with waterfalls, five swimming pools, first-rate restaurants and access to two championship golf courses.

The resort’s 12-story Ocean Tower recently underwent a multi-million dollar renovation, and as part of the transaction agreement Trinity plans to upgrade the other 12-story Beach Tower.

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Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

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