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2365 Kaanapali Parkway Laha...

Updated Jan 29, 2025

Oaktree Capital Management And Trinity Investments Secure $515M Refinance Loan For Westin Maui Resort
FINANCEDHotel

Oaktree Capital Management And Trinity Investments Secure $515M Refinance Loan For Westin Maui Resort

2365 Kaanapali Parkway Lahaina, Hawaii 96761, USA

$515,000,000

Building Size

Asset Type

Hotel

Closing

Jul 23, 2023

About this deal

AI

Oaktree Capital Management and Trinity Investments have secured a $515 million loan to refinance the Westin Maui resort in Hawaii. The loan was facilitated through a commercial mortgage-backed securities deal with lenders Morgan Stanleyand Deutsche Bank.

Summary of transaction details:

  • Property Type: Hotel
  • Transaction Amount: $515,000,000
  • Address: 2365 Kaanapali Pkwy, Lahaina, HI
  • Market: Lahaina, HI
  • Asset Type: Hotel
  • Keys: 771
  • Landlord: Oaktree Capital Management & Trinity Investments

The deal was arranged to refinance the Westin Maui resort, which is located at 2365 Kaanapali Pkwy in Lahaina, HI. The hotel property consists of 771 keys and is situated in a prime location in the market. Oaktree Capital Management and Trinity Investments served as the landlords in this transaction, working with Morgan Stanley and Deutsche Bank as lenders.

It is worth noting that the $515 million loan was secured through a commercial mortgage-backed securities deal, providing the necessary financing for the refinancing of the Westin Maui resort.

Players

Oaktree Capital Management
Oaktree Capital ManagementLender
Oaktree Capital Management
Oaktree Capital ManagementLandlord

Lahaina Hotel Market Snapshot

Boundary boundary · Hotel · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.03%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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