Honolulu, Los Angeles firms to buy Hilton Garden Inn Waikiki Beach

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A partnership between Honolulu-based Trinity Investments and Los Angeles-based Oaktree Capital Management is buying the world's largest Hilton Garden Inn that's located in Waikiki, according to a CBRE Hotels report.
The purchase price wasn't immediately known.
The 623-room hotel, which opened last year after a $115 million renovation, was formerly known as the Ohana Waikiki West hotel. The hotel includes TR Fire Grill and Holoholo Cafe and Market. 
Honolulu-based BlackSand Capital and Boston-based Rockpoint Group purchased the leasehold hotel in 2013 for about $33 million. The Queen Emma Land Co. owns the land under the Hilton Garden Inn Waikiki Beach.
In August, Trinity and Oaktree announced a joint venture to invest $3 billion in hotel properties in certain markets including Hawaii. 
The partnership has already purchased the long-term leasehold interest in The Westin Maui Resort & Spa. 

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