CARBONDALE, CO—Oaktree Capital Management, through specific funds, has made an equity investment in Timbers Resorts, a leading developer of luxury boutique resorts.
As a result of the investment, Oaktree will become a majority shareholder of Timbers. Additionally, John Brady, global head of real estate for Oaktree, and David Burden, founder and CEO of Timbers, will be co-chairmen of Timbers with Burden serving as executive chairman.
“With the addition of capital from Oaktree, we have the financial flexibility to broaden the Timbers Resorts portfolio by increasing our front row destinations and building upon our track record of success in high-end locations,” said Burden. “Oaktree's experience and reputation as a thoughtful investor supports our business model and we are pleased to partner with the firm. We will also be better equipped to financially partner with other investment organizations on transactions where Timbers' expertise can add value.”
“Timbers Resorts is an outstanding owner and operator of high-end resorts and private residence clubs,” said Brady. “We are excited to partner with the company's leadership team and grow the business. We look forward to helping Timbers expand its footprint and further establish its reputation as a premier luxury residential resort operator and marketing organization.”
Timbers Resorts is the developer and operator of a collection of properties in over 14 of the world's most diverse high-end destinations. A portfolio known as the Timbers Collection, destinations include boutique, private resorts, hotels and residence clubs in ski, golf, leisure and beach locations. Since 1999, Timbers Resorts has been committed to being authentic, unique and respectful of the destination, focusing on family and experiences, and never compromising with regard to quality and service.
Oaktree is a leader among global investment managers specializing in alternative investments, with $91.1 billion in assets under management as of June 30.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
