Tonga Room SF (Not) to be demolished? - General Tiki

C christiki295 Member LA-2547 mls east Hawaii &5500 Easter Is Joined: Apr 09, 2003 Posts: 3837	C christiki295 Posted posted on Tue, Apr 10, 2012 1:15 PM Woodridge Capital, one of the private equity groups with more $$$ than many nations, has been on a buying spree: Howard Marks’s Oaktree Capital Management LP and real estate developer Woodridge Capital Partners LLC purchased the Fairmont Orchid luxury hotel in Hawaii, the companies’ law firm said today. Oaktree and Woodridge, both based in Los Angeles, financed the acquisition of the 540-room property on the Kohala Coast of the big island of Hawaii with a $78 million loan from an affiliate of Archon Group LP and Goldman Sachs Group Inc. (GS), according to a statement from Paul Hastings LLP, which represented the buyers. The price wasn’t disclosed. Oaktree earlier this year made an investment in the Beverly Hilton hotel in Los Angeles, averting a sale of the landmark property, a person familiar with the situation said in September. The company is the biggest distressed-debt investor, overseeing more than $80 billion for pension funds from Massachusetts to Florida and the world’s largest sovereign- wealth funds, such as China Investment Corp.

Woodridge Capital, one of the private equity groups with more $$$ than many nations, has been on a buying spree:

Howard Marks’s Oaktree Capital Management LP and real estate developer Woodridge Capital Partners LLC purchased the Fairmont Orchid luxury hotel in Hawaii, the companies’ law firm said today. Oaktree and Woodridge, both based in Los Angeles, financed the acquisition of the 540-room property on the Kohala Coast of the big island of Hawaii with a $78 million loan from an affiliate of Archon Group LP and Goldman Sachs Group Inc. (GS), according to a statement from Paul Hastings LLP, which represented the buyers. The price wasn’t disclosed.

Oaktree earlier this year made an investment in the Beverly Hilton hotel in Los Angeles, averting a sale of the landmark property, a person familiar with the situation said in September. The company is the biggest distressed-debt investor, overseeing more than $80 billion for pension funds from Massachusetts to Florida and the world’s largest sovereign- wealth funds, such as China Investment Corp.

Post #631923 by christiki295 on Tue, Apr 10, 2012 1:15 PM