10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
    • CSR and Sustainability
    • Events
    • Hotel Openings
    • Hotel Operations
    • Human Resources
    • Innovation
    • Market Trends
    • Marketing
    • Mergers & Acquisitions
    • Regulatory and Legal Affairs
    • Revenue Management
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
    • 🇫🇷 French
    • 🇩🇪 German
    • 🇮🇹 Italian
    • 🇪🇸 Spain
  • 📰 Columns
  • About us
10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
    • CSR and Sustainability
    • Events
    • Hotel Openings
    • Hotel Operations
    • Human Resources
    • Innovation
    • Market Trends
    • Marketing
    • Mergers & Acquisitions
    • Regulatory and Legal Affairs
    • Revenue Management
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
    • 🇫🇷 French
    • 🇩🇪 German
    • 🇮🇹 Italian
    • 🇪🇸 Spain
  • 📰 Columns
  • About us

Trinity sells JW Marriott Phoenix to Ryman for $865 million

  • Denis Stackeusky
  • 20 May 2025
  • 2 minute read
Total
0
Shares
0
0
0

This article was written by HotelsMag. Click here to read the original article

Trinity Investments has sold the JW Marriott Phoenix Desert Ridge Resort & Spa to Ryman Hospitality Properties for $865 million. The 950-room property is the largest resort in Phoenix.

Six years on from when Trinity acquired the resort, in 2019, it’s walking away with a nice profit: It acquired the hotel for $602 million, backed by Elliott Investment Management. In 2023, the firm completed a renovation project costing nearly $100 million. The work included a redesigned lobby and guest rooms, a new water park complex, and two dining venues. Among them is Tía Carmen, led by executive chef Angelo Sosa.

“This sale is a prime example of how Trinity’s proven value-add platform and successful repositionings continue to drive enhanced operational and financial performance through active asset management,” said Sean Hehir, managing partner, president and CEO of Trinity. “We have transformed the property into a landmark destination for both business and leisure travelers, and are proud to be able to deliver strong returns for our investors. We look forward to the JW Marriott Phoenix Desert Ridge Resort & Spa’s future success under new ownership.” 

Trinity said the sale reflects its expertise in asset management and development. The firm recently launched Trinity Asset Management Services and Trinity Development Services, which offer operational and development support to third-party hotel owners and lenders.

Meliá Hotels International expands its presence in Lanzarote
Trending
Meliá Hotels International expands its presence in Lanzarote

The sale is expected to close in the second or third quarter of 2025.

A lazy river is one of the prominent features of JW Marriott Phoenix Desert Ridge Resort & Spa. 

Led by Hehir, Trinity is one of the leading value-add investors operating in the U.S. today. HOTELS Magazine profiled Hehir and Trinity earlier this year. Trinity does not put money into new development; it exclusively buys and sells assets. In that way, it’s not only interested in the purchase, but the disposal. All the work that Trinity puts into an asset it expects to recoup at exit. “Who is this going to appeal to down the line?” Hehir said. In the case of JW Marriott Phoenix Desert Ridge, the answer is Ryman, a real estate investment trust with a large portfolio of full-service hotels, including six hotels under the Gaylord brand, which is owned by Marriott International. (In 2012, Marriott acquired the Gaylord brand and hotel management company from Gaylord Entertainment Company, which subsequently changed its name to Ryman Hospitality Properties.) Ryman also owns the JW Marriott San Antonio Hill Country Resort & Spa. It also owns The Grand Ole Opry.

Not many real estate companies have the fortitude and constitution to do large repositioning projects like Trinity, but when completed, and the time to sell comes, the payoff can be enormous. “There’s a plethora of buyers out there that want well-located, stabilized assets that are irreplaceable and in high-barrier markets,” Hehir said. 

Please click here to access the full original article.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
You should like too
View Post
  • Mergers & Acquisitions

JW Marriott Camelback Selects FerebeeLane for Repositioning Project

  • LODGING Staff
  • 1 August 2025
View Post
  • Mergers & Acquisitions

1754 Properties Announces Acquisition of Marriott Winston-Salem

  • LODGING Staff
  • 31 July 2025
View Post
  • Mergers & Acquisitions

Sonnenblick-Eichner Company Arranges $22.6 Million in Financing for Hotel Valencia Riverwalk

  • LODGING Staff
  • 31 July 2025
View Post
  • Mergers & Acquisitions

Marriott Winston-Salem hotel trades, HVMG to continue as operator

  • Denis Stackeusky
  • 31 July 2025
View Post
  • Mergers & Acquisitions

In Westin Cincinnati buy, Portman pivots to acquisitions

  • Denis Stackeusky
  • 31 July 2025
View Post
  • Mergers & Acquisitions

Cohort Capital lends £96m to refinance two UK hotels

  • Corina Duma
  • 31 July 2025
View Post
  • Mergers & Acquisitions

Sonnenblick-Eichner Company Arranges $22.6 Million of First Mortgage Leasehold Financing for Hotel Valencia Riverwalk in San Antonio, TX

  • Automatic
  • 31 July 2025
View Post
  • Mergers & Acquisitions

The Tyndrum Inn brought to market for over £1.5m

  • Cynera Rodricks
  • 30 July 2025
Sponsored Posts
  • The Future of Revenue Management Is Strategic Leadership – LodgIQ

    View Post
  • Influence Society Publishes Q2 Edition of Societies Quarterly for Visionary Hoteliers

    View Post
  • Case Study: Refinery Hotel Redefines Revenue Management with LodgIQ

    View Post
Last Posts
  • How Chris Gilbert is Humanizing Government Through the Power of Hospitality
    • 2 August 2025
  • OYO Taps IBS Software to Power Global Tech Overhaul
    • 2 August 2025
  • New on the Menu: Fried seafood and ceviche
    • 1 August 2025
  • Painless Parking: Towne Park’s Tech-Enabled Solutions Enhance Guest, Employee, and Owner Satisfaction 
    • 1 August 2025
  • OYO Announces Partnership With IBS Software
    • 1 August 2025
Sponsors
  • The Future of Revenue Management Is Strategic Leadership – LodgIQ
  • Influence Society Publishes Q2 Edition of Societies Quarterly for Visionary Hoteliers
  • Case Study: Refinery Hotel Redefines Revenue Management with LodgIQ
Contact informations

contact@10minutes.news

Advertise with us
Contact Marjolaine to learn more: marjolaine@wearepragmatik.com
Press release
pr@10minutes.news
10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
  • 📰 Columns
  • About us
Discover the best of international hotel news. Categorized, and sign-up to the newsletter

Input your search keywords and press Enter.