Ares Management, SMW Hospitality & Trinity Investments Sell Ritz-Carlton, Kapalua in Maui to Blackstone Real Estate Partners

Ares Management, L.P. | October 17, 2018

HONOLULU & LOS ANGELES & NEW YORK—October 17, 2018--A joint venture among funds managed by the Real Estate Group of Ares Management, L.P. (NYSE:ARES), SMW Hospitality LLC (a joint venture between affiliates of Square Mile Capital Management LLC ("Square Mile Capital") and Wafra Inc.), and Trinity Real Estate Investments LLC, today announced the sale of The Ritz-Carlton, Kapalua in Maui, Hawaii, to Blackstone Real Estate Partners, an affiliate of Blackstone Group (NYSE:BX). The joint venture acquired The Ritz-Carlton, Kapalua, a AAA Five Diamond, oceanfront property located on 49 acres of Maui's lush northwest shore, in 201...