LOS ANGELES--(BUSINESS WIRE)--Investors should be aware of issues regarding the W Hollywood hotel and its Sky Terrace restaurant, owned by Oaktree Capital Management and Trinity Investments, that present potential Environmental, Social and Governance risks. In December 2023, a Los Angeles Times article revealed disturbing allegations from workers at the W Hollywood’s upscale Sky Terrace restaurant, which is operated by Mosaic Hollywood LLC. Sky Terrace Restaurant faces federal charges alleging workers were fired for engaging in protected union activity. When will Oaktree and Trinity re-hire the restaurant workers fired from Sky Terrace and provide appropriate back pay to these workers? Why have Oaktree and Trinity failed to resolve the labor dispute at the W Hollywood by agreeing to the same contract that 30 other hotels have signed?

Source: Los Angeles Times February 09, 2024 03:38 UTC