Ruaridh Macdonald and Simon Jackson have announced the launch of Trinity Hospitality Group to provide a diverse range of services tailored to the hospitality sector.
The pair who previously worked in managerial roles at Macdonald Hotels and Resorts will combine over 50 years of industry experience aiming to “exploit a gap in the market” to offer their expertise to hotels and resorts which have struggled due to the Covid-19 pandemic.
The group said it will use its expertise to help support operations, procurement and business development areas within the sector. The company will be predominantly headquartered in the UK, covering the mainland as well as Ireland and other key European locations.
Macdonald 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.”
He added: “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.
“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.”
Trinity commented that it is currently in “detailed discussions” with various resort operators, investment funds and a major high-street bank. The company added that it expects to announce its first management contract and consultancy deal in Q1 2021 with the group’s first acquisition expected later in the year.
Jackson said: “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.”