Trinity Investments, a private real estate investment firm specializing in hotels and hospitality, has sold a majority interest in the Hyatt Regency Greenwich, Conn., to an affiliate of Certares Real Estate Management, a global investment firm focused on the travel and hospitality industries. Trinity and Certares first partnered in 2021 to purchase the EAST Miami hotel.
Trinity acquired the Hyatt Regency Greenwich from Hyatt in October 2022 and has since completed a $35 million renovation with Art Deco influences.
Today, Hyatt Regency Greenwich has 374 updated guestrooms, more than 35,000 square feet of event space, an indoor saltwater lap pool, a fitness center and multiple dining options, such as Townsend Bar and Glenna’s Café and Market. Under Trinity’s ownership, the hotel also introduced Townsend Cinema, a new 40-seat movie theater developed in partnership with Monoplex.
“We’re extremely proud of the transformation our team has achieved at Hyatt Regency Greenwich, repositioning it as a standout property in the region,” Sean Hehir, managing partner, president and CEO of Trinity said in a statement. “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.”
“We’re excited to join forces with Trinity on Hyatt Regency Greenwich, a property that has been thoughtfully repositioned and primed for long-term success,” said Nolan Hecht, senior managing director at Certares. “As our sixteenth 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 transformationally renovated hotel alongside our trusted partners at Trinity.”
This news follows Trinity’s completion of more than $250 million in hotel renovation projects across six assets in 2024.