Deal snapshot: ARES MANAGEMENT, SMW HOSPITALITY, TRINITY INVESTMENTS ACQUIRE THE RITZ-CARLTON, KAPALUA IN MAUI.

MANews-(C)2009-2016

A new joint venture among funds managed by the real estate group of Los Angeles, California-based asset manager Ares Management, L.P. (NYSE: ARES), New York City-based real estate business SMW Hospitality LLC and Trinity Investments, LLC has acquired The Ritz-Carlton, Kapalua in Maui, Hawaii, the joint venture said.

The resort was acquired from a partnership between California-based real estate investment company Woodridge Capital Partners, LLC and Los Angeles, California-based real estate investment trust Colony Capital Inc. The Ritz-Carlton, Kapalua is a AAA Five Diamond, oceanfront property located on 49 acres of Maui's lush northwest shore.

Country: USA

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