Multi million dollar revamp slated for Connecticut Hyatt Regency

by | 18 Oct 2022 | Hotel Projects, Projects, Refurbishments

A Hyatt Regency site in Connecticut, USA, is scheduled for a multi-million dollar refurbishment after being acquired by an investment fund managed by Trinity Fund Advisors, an affiliate of Trinity Real Estate Investments.

The 373-key Hyatt Regency Greenwich is the largest and only branded full-service hotel in Greenwich.

Capital improvement plan

Trinity’s capital improvement plan calls for renovation of the four-storey hotel’s guestrooms, lobby, and meeting space. Trinity also plans to enhance the hotel’s amenities, replace the existing restaurant with a grab and go market, and re-concept the existing Gazebo Bar located in the hotel’s central atrium.

The investment firm believes these efforts will elevate the hotel’s appeal among hotel guests and local residents, making it an attractive venue for weddings, bar mitzvahs, social gatherings and corporate events.

The property resides on a 14-acre site adjacent to I-95 and between Greenwich and Stamford in Fairfield County. The hotel housed famed publisher Conde Nast’s printing press between 1921 and 1967 and was redeveloped to Hyatt Regency Greenwich in 1986. It has since gone through numerous renovations, and currently features 35,000 sq ft of meeting space, an indoor swimming pool, fitness centre and salon.

Unique opportunity

Sean Hehir, managing partner, president and CEO of Trinity, commented: “This transaction represents a unique opportunity to acquire a market-leading full-service hotel at a discount to replacement cost and establish Trinity’s presence in the New York metropolitan area. We are pleased to expand our relationship with Hyatt, and we look forward to leveraging our value-add experience and capabilities to enhance this exceptionally well-located hotel.

“We believe our capital improvement plan, combined with strong population inflows and a lack of any full-service hotels under construction within a 15-mile radius, positions Hyatt Regency Greenwich to enjoy an increase in both business and leisure demand.”

Further enhancement

Pete Sears, Americas group president, Hyatt, said: “Hyatt Regency Greenwich delivers a seamless travel experience for guests, World of Hyatt members, and customers in the heart of Connecticut’s Old Greenwich, and we are pleased to continue managing this property under a long-term management agreement for many years to come. We look forward to working with Trinity as they remain committed to further enhancing the guest experience and help us usher in the hotel’s next elevated chapter.”

Other Hyatt Regency refurbishments underway across the US include Hyatt Regency San Francisco due for completion in Q1 2023, then two further projects scheduled to finish in Q4 2023 – Hyatt Regency Las Vegas and Hyatt Regency Hill Country Resort & Spa in San Antonio.

Related Articles

Hotel Indigo to offer nature-inspired stays at The Forestias

Hotel Indigo to offer nature-inspired stays at The Forestias

The development of this 274-key hotel comes from an agreement between IHG Hotels & Resorts and the property developer Magnolia Quality Development Corporation Limited. Drawing on the environment Slated to open in 2026, Hotel Indigo The Forestias Bangkok will...

The new Six Senses Kyoto pays tribute to this city’s Golden Age

The new Six Senses Kyoto pays tribute to this city’s Golden Age

Through its modern biophilic design, the hotel pays tribute to the Heian period, when this city was the country’s capital, considered the ‘golden age’ of art and culture. Inspired design Six Senses Kyoto is now open among the shrines and palaces of Japan’s ancient...

Edgecamp Pamlico Station to bring luxury to Hatteras Island

Edgecamp Pamlico Station to bring luxury to Hatteras Island

Designed by Jonathan Adler, the high-design, residential-style boutique hotel promises a new level of luxury in this destination known for its natural beauty. Residential-style stays The Wall Street trader turned hotelier, Richard Fertig, is behind the soon-to-open...

Diplomat Collection launches with opening of bookings for Villa Dahlia

Diplomat Collection launches with opening of bookings for Villa Dahlia

The Diplomat Collection is an ensemble of curated boutique hotels in Stockholm. Each hotel in the collection promises to combine history and craftsmanship with Scandinavian grace. A new hotel collection The Diplomat Collection is owned by the fourth generation of the...

West Midlands hotel, The Belfry, embarks on major expansion

West Midlands hotel, The Belfry, embarks on major expansion

Expected to reach completion in autumn 2025, the significant development project will notably see the creation of an expansive new event space accommodating up to 920 people. A significant enhancement On completion of its renovation and expansion, The 319-key Belfry...

CBE Capital secures finance for Greece’s first Six Senses resort

CBE Capital secures finance for Greece’s first Six Senses resort

The ultra-luxury Six Senses resort in Porto Heli, Greece, is set to open in 2026 following its development. The property will be home to 60 hotel suites and 12 branded residences. Facilitating the resort development CBE Capital has succeeded in securing a €95m Greek...

ABOUT THE CHAIN

 

Hyatt Regency offers a full range of services and dining options tailored to the needs of leisure guests, business travellers and conventions of all sizes.

IN THIS ARTICLE