Real estate services provider Trigild of San Diego has formed an alliance with Santa Barbara-based Blu Hotel Investors, in which the companies will develop, acquire and operate hotel properties.
Financial terms were not released in a statement from the firms. John Beazley, Trigild’s managing director of hospitality, said the alliance will allow both companies to serve hotel industry clients “by sharing specific resources, services and specialties.”
As part of the arrangement, Trigild plans to expand its third-party property management, adding to its existing branding, development and predevelopment services.
“Trigild’s strength lies in its reputation, 35-year history and solid infrastructure, while our company has specific transactional, deal structuring and financial expertise,” said Michael Barnard, founder and principal of Blu Hotel Investors.
Trigild, with regional offices throughout the U.S., provides management, receivership and bankruptcy consulting, and related services in property sectors including hospitality, multifamily, office, industrial and retail.
Blu Hotel Investors provides advisory, development, management and related services, with a focus on Southern California hotel properties.