Latest news: Trinity's strategic hire; Sonesta's first in Mexico; Valencia's big deal

Strategic operations hire at Trinity. Investor Trinity Investments has named Rob Tanenbaum as senior vice president of Strategic Operations, based in Miami, Florida. He was most recently managing director and head of North American Hotel Asset Management at Starwood Capital Group. Tanenbaum is now responsible for overseeing the strategic operations of Trinity’s hotels on the East Coast of the United States, including The Diplomat Beach Resort Hollywood, EAST Miami and the Grande Lakes Orlando Resort, JW Marriott & The Ritz-Carlton. He will be joined in Miami by Brittney Lewin, associate of Strategic Operations. Samantha Sugarman, senior vice president of Strategic Operations based in Los Angeles, will continue to oversee Trinity’s assets in the western half of the U.S. as well as in Mexico.

Sonesta’s first in Mexico. Sonesta International Hotels Corp. has opened its first hotel in Mexico with the Costa Sur Resort, Classico Collection by Sonesta. The 206-room, upper-upscale property is located on a private beach overlooking the Pacific Ocean at Banderas Bay, south of Puerto Vallarta, Jalisco, Mexico. The property is the second under Sonesta’s upper-upscale soft brand launched last year.

Valencia's biggest investment. Houston-based Valencia Hotel Group has completed its biggest equity raised and made its biggest investment in acquiring the Cavalry Court and The George boutique hotels in College Station, Texas. Valencia said it now holds majority interest in all hotels within its management portfolio. These two deals were made possible through the purchase of the controlling interest from Harrison Street, a Chicago-based investment management firm. Valencia did not release details about the equity raise or acquisition price.

Capella resort for Taiwan. Capella Hotels and Resorts has announced its first resort and the second property in Taiwan. Capella Kenting in southern Taiwan is set to open in 2028 in a partnership between Capella Group and Riant Capital Ltd. The property with 65 villas will be located on a 99,000 square meters along the western coastline of Taiwan's Hengchun Peninsula in Pingtung.

PMZ closes over $40M in financing. Boutique real estate investment banking firm PMZ Realty Capital LLC has closed over $40 million in financing in recent weeks. Closings include an $11.3 million refinance loan of the Hilton Garden Inn Bel Air, Maryland, by a bridge lender to refinance an existing loan that was coming due from a local bank; a $10.8 million loan of the Hampton Inn Hammond, Louisiana, funded by a debt fund that allowed the borrower to cash out additional proceeds for a new project and lower their overall cost of capital; and a $19 million loan to refinance the dual-branded Four Points and Fairfield Inn & Suites Amarillo, Texas, with a CMBS lender. The loan allowed the borrower to pay off a higher-cost bridge lender with low-cost fixed-rate debt.