UK: Ruaridh Macdonald and Simon Jackson have today announced the launch of Trinity Hospitality Group to support hotels and resorts struggling from the Covid-19 pandemic.
Trinity is headquartered in the UK and will cover the mainland, Ireland and other key European locations. The group will focus on management, ownership and consultancy provision, aiming to deliver management contracts and develop owner-operation relationships, whilst building its own portfolio of assets.
The company expects to announce its first management contract and consultancy deal in Q1 2021, with Trinity’s first acquisition expected later in the year.
Macdonald, formerly deputy chief executive of Macdonald Hotels & Resorts and co-founder of Trinity Hospitality Group, said: “Together we have a unique blend of hotel and resort operations, finance expertise and technical investment knowledge, enabling us to provide a broad spectrum of advice and support to hotel and resort owners, as well as operators, investors, developers, financiers and loan servicers.
“We launched Trinity Hospitality Group in response to the growing need for nimble business support in the industry, helping our clients avoid the often lengthy, conventional processes while providing operational continuity in the interim. Our value creation proposition ranges from acquisition (asset selection, due diligence and maximising development opportunities) and funding (partnerships and JVs), to design and refurbishment planning.
He continued: “Trinity is agile and effective by design, and our dynamic approach to delivering success will ensure we equip our clients with the insight needed to maximise return for their shareholders and lenders, whilst maintaining a high-quality experience for their guests.”
Co-founder Jackson, former chief operating officer at Macdonald Hotels & Resorts, added: “We’re starting this journey at a crucial time for the industry, and we see this as a great opportunity to help hospitality businesses across the sector enhance their offering and build more purposeful relationships. By delivering tailored solutions to those struggling in these difficult times, we hope to drive profitability for our clients and ensure these businesses are robust and well-positioned for the future.”
Macdonald and Jackson bring over 50 years of industry experience to Trinity. They have board level strategic and operational experience running hospitality businesses across the UK, Ireland, Spanish mainland, Canary Islands, Balearic Islands, Portugal, USA and the Caribbean.