US-based hospitality-focused real estate investor Trinity Investments has opened its London office as part of its plan to invest in hospitality assets across western Europe.
The London office of the US-based firm - which has $5 billion in assets under management - will target hospitality assets in western Europe, with an emphasis on the UK, Ireland, Spain, Portugal, Italy and Switzerland.
Trinity says the decision to open an office in London in service to its expansion in Europe reflects its belief in the strength of the lodging sector and the growing opportunity in the European hotel real estate market. Since its founding in 1996, Trinity has invested more than $6.1 billion in hotel and resort assets, with a total of more than 14,000 keys.
The new office will be led by managing partner Ryan Donn, who has been with Trinity since 2007. Prior to joining Trinity, Donn worked for Hotel Capital Advisers, Lehman Brothers, and PricewaterhouseCoopers.
Why it matters
Trinity’s expansion to Europe comes as part of its effort to re-create its US platform in Europe. And if its activity in the States just this year is anything to go by, then this is positive news indeed for the European market and signifies continued investor confidence in the sector. This year, Trinity completed the $835 million acquisition of the acquisition of The Diplomat Beach Resort in South Florida – the largest hotel deal in the U.S. since the beginning of the pandemic – as well as two refinancing deals – a $515 million refinancing for The Westin Maui Resort and Spa in Hawaii and a $750 million refinancing for the Grande Lakes Orlando Resort in Florida.
What they said
Managing partner Ryan Donn said: “The European market is in need of not just capital, but also operational and management excellence to execute on the abundance of opportunities available across the continent. With Trinity’s decades of experience owning and re-developing hotel properties, we are ideally suited to bring our capabilities to bear on the market here.”
Sean Hehir, managing partner, president & CEO of Trinity added: “As we enter the European real estate market, we expect to continue developing our strategy and structure transactions that unlock attractive returns for our investors.”