Summary:
- Trinity sold a majority stake in the 374-key Hyatt Regency Greenwich, CN.
- It has invested more than $250 million in renovations across six assets since 2024.
- The hotel underwent a $35 million renovation, updating rooms and event space.
TRINITY INVESTMENTS RECENTLY sold a majority stake in the 374-room Hyatt Regency Greenwich in Greenwich, Connecticut, to an affiliate of Certares Real Estate Management for an undisclosed sum. The company, which acquired the property in 2022 for $37.5 million, invested $35 million in renovations.
The deal is the second partnership between Trinity and Certares, following their 2021 acquisition of the East Miami hotel, the companies said.
Honolulu-based Trinity, led by Sean Hehir, president and CEO, has completed more than $250 million in renovations across six hotel assets since 2024. Michael Gregory “Greg” O’Hara is founder and senior managing director of Certares.
“We’re extremely proud of the transformation our team has achieved at Hyatt Regency Greenwich, repositioning it as a standout property in the region,” said Hehir. “Through a targeted renovation, we’ve created a distinctive hospitality experience that speaks to the expectations of today’s traveler. Partnering with Certares allows us to build on that momentum and drive continued growth.”
Nolan Hecht, senior director at Certares, said the firm is joining Trinity on Hyatt Regency Greenwich, which has been repositioned for long-term success.
“As our 16th hotel acquisition in the last four years, the hotel is a perfect addition to our portfolio, which comprises high-quality lodging assets in supply-constrained markets experiencing demand growth. As the premier hotel for social and corporate group meetings in Fairfield County or Westchester County, we see meaningful opportunity to capitalize on favorable market dynamics at this renovated hotel alongside our trusted partners at Trinity.”
Partners Capital acquired the 162-room Homewood Suites in Houston, Texas, under a 15-year Hilton license, marking its third Hospital Fund I acquisition and first in Houston.
