Trinity Investments has sold a majority stake in Hyatt Regency Greenwich to Certares Real Estate Management. The transaction follows the completion of a $35-million renovation of the hotel by Trinity, which acquired the property from Hyatt in October 2022. The collaboration builds on a previous partnership between the two firms, which began in 2021 with the joint purchase of the EAST Miami hotel.
Hyatt Regency Greenwich is a 374-room hotel located in Greenwich, Connecticut. The property includes more than 35,000 square feet of event space, an indoor saltwater lap pool, a fitness center, and several dining options, including Townsend Bar and Glenna’s Café and Market. During Trinity’s ownership, the hotel also introduced Townsend Cinema, a 40-seat movie theater created 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,” said Sean Hehir, managing partner, president and CEO of Trinity. “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.”
The investment aligns with Certares’ ongoing focus on the travel and hospitality sectors. The firm has added 16 hotel assets to its portfolio over the past four years.
For Trinity, the transaction is part of a broader strategy involving significant reinvestment in hotel assets. The firm completed more than $250 million in renovations across six properties in 2024. The Greenwich property represents one of the most recent examples of its approach, combining large-scale capital investment with repositioning initiatives designed to support future performance.
The new partnership positions Hyatt Regency Greenwich to operate under shared ownership between Trinity and Certares, both of which have experience in hospitality and real estate investment. The collaboration is expected to extend the performance improvements achieved during Trinity’s period of sole ownership and to leverage market conditions in Fairfield and Westchester counties.
Trinity has been active in divesting assets and also looking for opportunities to sell, something its CEO told HOTELS earlier this year. In May, it 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.
