Trinity Investments

After three M&A deals last year, head of real estate Mike Bryant is backing ‘vertical depth’ to propel the firm’s real estate investing capabilities to new heights.

The executive is departing the Swiss manager less than a year after joining as global co-head of real estate.

Gaining significant exposure to real estate credit was also a key draw, according to global co-head of real estate Karim Habra.

The pair’s $835m joint purchase of The Diplomat in South Florida is significant but not a reflection of what is happening in the hotel market.

Extended Stay America’s privatization was the sector’s biggest M&A event but rising valuations and market recovery could limit further opportunistic buying.

The oversubscribed vehicle attracted commitments from institutional investors and high-net-worth individuals alike betting on a hospitality comeback.

Proptech and real estate finance companies are among the biggest acquisitions by blank-check companies. But as markets stabilize, hard assets could be next.

Trinity Investments chief executive Sean Hehir predicts the uptick in visitors to Japan ahead of the 2020 Olympics will boost the hotel landscape long-term.