Wednesday, November 20, 2024 Trinity Investments, Oaktree Capital, and Partners Group jointly acquire The Standard, London, a luxury lifestyle hotel in Kings Cross, for an undisclosed sum. Trinity Investments, Oaktree Capital Management, and Partners Group have collaborated to acquire The Standard, London, a prominent lifestyle hotel, for an undisclosed amount. The Standard, London, which debuted in 2019 as the brand’s first venture outside the United States, is situated at 10 Argyle Street in London’s Kings Cross.
The hotel boasts 266 guest rooms and suites, complemented by six dining and entertainment venues, including a popular rooftop bar. By November 2024, Trinity Investments had committed over $10 billion across key markets such as the United States, Mexico, Europe, and Japan. Within Europe and the UK, the company has invested more than €550 million specifically in the hotel sector.
Earlier in October, Hyatt finalized its acquisition of Standard International, the parent company overseeing The Standard and Bunkhouse Hotel brands. The expanded portfolio now includes 22 hotels worldwide, with 30 additional projects in the development pipeline..