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Trinity Investments Acquires 50% Interest in Omni San Diego Hotel.

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Vincent

MANews-(C)2009-2021

An investment fund managed by US-based Trinity Fund Advisors LLC, an affiliate of Trinity Real Estate Investments LLC, has acquired a 50% interest in Omni San Diego Hotel from JMI Realty, who originally developed the hotel in conjunction with Petco Park in 2004, the firm said.

Omni Hotels and Resorts owns the remaining 50% interest in the hotel and will continue to manage it.

The acquisition also includes more than 13,000 square feet of fully leased, street-level retail space, located across the street from the hotel.

Situated in the heart of the historic Gaslamp Quarter, adjacent to Petco Park and across from the San Diego Convention Center, the 511-key, AAA 4-Diamond, award-winning Omni San Diego Hotel is located in a highly trafficked area and benefits from numerous demand generators.

Trinity and Omni plan to take advantage of strategic opportunities, including a multimillion-dollar capital improvement plan involving a comprehensive renovation of guestrooms, a reimagination of the food and beverage offerings, and the enhancement of...

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