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A fund affiliated with Trinity Real Estate Investments has acquired a 50% interest in the Omni San Diego Hotel from JMI Realty, the original developer. JMI will retain a 50% interest in the property and will continue to serve as the manager. Located in the Gaslamp Quarter, the property has 511 rooms and 13,000 square feet of fully leased retail space.

Trinity plans to partner with Omni to make strategic property improvements that will drive revenue, with Sean Hehir, managing partner, president and CEO of Trinity, saying that the company has already identified several opportunities to transform the property into “premier destination in the market for business and leisure travel.” The plan includes a multimillion-dollar capital improvement program to upgrade the guestrooms, the food and beverage offerings and the hotel’s rooftop pool deck and fitness center.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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