Latest news with #SeanHehir
Business Wire
19-05-2025
- Business
- Business Wire
Trinity Investments Sells JW Marriott Phoenix Desert Ridge Resort & Spa for $865 million
LOS ANGELES--(BUSINESS WIRE)--Trinity Investments ('Trinity'), a U.S.-based hospitality-focused real estate investor, announced today the sale of the JW Marriott Phoenix Desert Ridge Resort & Spa, a 950-room hotel and the largest resort in Phoenix, for $865 million to Ryman Hospitality Properties, Inc. (NYSE: RHP). Trinity acquired the asset in 2019 for $602 million, with financial backing from Elliott Investment Management. In 2023, Trinity completed a nearly $100 million renovation project for the property, refreshing the lobby, completely redesigning guest rooms, adding a full water park complex, and opening two new signature dining destinations, including Tía Carmen, led by acclaimed executive chef Angelo Sosa. Earlier this year, U.S. News & World Report ranked the JW Marriott Desert Ridge Resort & Spa as one of the best hotels in Phoenix. 'This sale is a prime example of how Trinity's proven value-add platform and successful repositionings continue to drive enhanced operational and financial performance through active asset management,' said Sean Hehir, Managing Partner, President and CEO of Trinity. 'We have transformed the property into a landmark destination for both business and leisure travelers, and are proud to be able to deliver strong returns for our investors. We look forward to the JW Marriott Phoenix Desert Ridge Resort & Spa's future success under new ownership.' The sale of the renovated JW Marriott Phoenix Desert Ridge Resort & Spa underscores Trinity's deep expertise in asset management and development. Recently, the firm launched Trinity Asset Management Services and Trinity Development Services, two distinct offerings that provide third-party hotel owners and lenders with direct access to Trinity's operational expertise and development capabilities. The sale is set to close in the second or third quarter of 2025. Terms of the transaction are not being disclosed. About Trinity Investments Trinity is a private real estate investment firm with a 29-year history of specializing in value-add opportunities. Based in Honolulu, Hawaii, with offices in Los Angeles, Miami and London, Trinity focuses on unique real estate investments in world-class markets. As of March 2025, Trinity has invested more than $10 billion in the United States, Mexico, Europe, and Japan by leveraging its deep institutional knowledge and longstanding local relationships. For additional information, please visit Trinity's website at For updates on Trinity's investment activity, follow Trinity on LinkedIn.
Yahoo
19-05-2025
- Business
- Yahoo
Trinity Investments Sells JW Marriott Phoenix Desert Ridge Resort & Spa for $865 million
Initially purchased for $602 million in 2019, the sale follows Trinity's nearly $100 million renovation of the property LOS ANGELES, May 19, 2025--(BUSINESS WIRE)--Trinity Investments ("Trinity"), a U.S.-based hospitality-focused real estate investor, announced today the sale of the JW Marriott Phoenix Desert Ridge Resort & Spa, a 950-room hotel and the largest resort in Phoenix, for $865 million to Ryman Hospitality Properties, Inc. (NYSE: RHP). Trinity acquired the asset in 2019 for $602 million, with financial backing from Elliott Investment Management. In 2023, Trinity completed a nearly $100 million renovation project for the property, refreshing the lobby, completely redesigning guest rooms, adding a full water park complex, and opening two new signature dining destinations, including Tía Carmen, led by acclaimed executive chef Angelo Sosa. Earlier this year, U.S. News & World Report ranked the JW Marriott Desert Ridge Resort & Spa as one of the best hotels in Phoenix. "This sale is a prime example of how Trinity's proven value-add platform and successful repositionings continue to drive enhanced operational and financial performance through active asset management," said Sean Hehir, Managing Partner, President and CEO of Trinity. "We have transformed the property into a landmark destination for both business and leisure travelers, and are proud to be able to deliver strong returns for our investors. We look forward to the JW Marriott Phoenix Desert Ridge Resort & Spa's future success under new ownership." The sale of the renovated JW Marriott Phoenix Desert Ridge Resort & Spa underscores Trinity's deep expertise in asset management and development. Recently, the firm launched Trinity Asset Management Services and Trinity Development Services, two distinct offerings that provide third-party hotel owners and lenders with direct access to Trinity's operational expertise and development capabilities. The sale is set to close in the second or third quarter of 2025. Terms of the transaction are not being disclosed. About Trinity Investments Trinity is a private real estate investment firm with a 29-year history of specializing in value-add opportunities. Based in Honolulu, Hawaii, with offices in Los Angeles, Miami and London, Trinity focuses on unique real estate investments in world-class markets. As of March 2025, Trinity has invested more than $10 billion in the United States, Mexico, Europe, and Japan by leveraging its deep institutional knowledge and longstanding local relationships. For additional information, please visit Trinity's website at For updates on Trinity's investment activity, follow Trinity on LinkedIn. View source version on Contacts Trinity Media Contact Kris Cole / Carlin PappasProsek Partnersmedia@
Business Wire
29-04-2025
- Business
- Business Wire
BrainChip Collaborates with Chelpis-Mirle on Security Solution
BUSINESS WIRE)-- BrainChip Holdings Ltd (ASX: BRN, OTCQX: BRCHF, ADR: BCHPY), the world's first commercial producer of ultra-low power, fully digital, event-based, neuromorphic AI, today announced that Chelpis Quantum Corp. has selected its Akida AKD1000 chips to serve as the processor for built-in post-quantum cryptographic security. BrainChip AI, today announced that Chelpis Quantum Corp. has selected its Akida AKD1000 chips to serve as the processor for built-in post-quantum cryptographic security. Chelpis, a chip company leading the Quantum Safe Migration ecosystem in Taiwan, is developing an M.2 card using the AKD1000 that can be inserted into targeted products to support their cryptographic security solutions. The M.2 card is based on a design from BrainChip along with an agreement to purchase a significant number of AKD1000 chips for qualification and deployment. Upon completion of this phase, Chelpis is planning to increase its commitment with additional orders for the AKD1000. This agreement is the first step in a collaboration that is exploring the development of an AI-PQC robotic chip designed to fulfill both next-generation security and AI computing requirements. This project is a joint development effort with Chelpis partner company Mirle ( and has been formally submitted for consideration under Taiwan's chip innovation program. The funding aims to promote a new system-on-chip (SoC) integrating RISC-V, PQC, and NPU technologies. This SoC will specifically support manufacturing markets that emphasize a Made-in-USA strategy. Mirle plans to build autonomous quadruped robotics that mimic the movement of four-legged animals for industrial/factory environments. To enable this vision, Chelpis is exploring BrainChip's advanced Akida™ IP to incorporate advanced visual GenAI capabilities in the proposed SoC design. 'The ability to add Edge AI security capabilities to our industrial robotics project that provides the low power data processing required is paramount to successfully achieving market validation in the robotics sector,' said Ming Chih, CEO of Chelpis. 'We believe that BrainChip's Akida is just the solution that we further need to bring our SoC to fruition. Their event-based processing and advanced models serve as a strong foundation for developing a platform for manufacturing customers looking to leverage advanced robotics in their facilities.' 'Akida's ability to efficiently provide cyber-security acceleration with energy efficiency can help secure autonomous robotic devices,' said Sean Hehir, CEO of BrainChip. 'Akida's innovative approach to supporting LLMs and GenAI algorithms could serve as a key contributor to Chelpis as they pursue government funding to develop their SoC and advance their industrial robotic initiatives.' About BrainChip Holdings Ltd (ASX: BRN, OTCQX: BRCHF, ADR: BCHPY) BrainChip is the worldwide leader in Edge AI on-chip processing and learning. The company's first-to-market, fully digital, event-based AI processor, Akida TM, uses neuromorphic principles to mimic the human brain, analyzing only essential sensor inputs at the point of acquisition, processing data with unparalleled efficiency, precision, and economy of energy. Akida uniquely enables Edge learning local to the chip, independent of the cloud, dramatically reducing latency while improving privacy and data security. Akida Neural processor IP, which can be integrated into SoCs on any process technology, has shown substantial benefits on today's workloads and networks, and offers a platform for developers to create, tune and run their models using standard AI workflows like Tensorflow/Keras. In enabling effective Edge compute to be universally deployable across real world applications such as connected cars, consumer electronics, and industrial IoT, BrainChip is proving that on-chip AI, close to the sensor, is the future, for its customers' products, as well as the planet. Explore the benefits at About CHELPIS CHELPIS is a technology company specializing in advanced chip design, cybersecurity, and post-quantum cryptography (PQC). As one of the leading global contributors to Quantum Safe Migration, CHELPIS actively participates in international standardization efforts, including initiatives driven by NIST and Linux PQCA, to support enterprises facing emerging cybersecurity threats in the quantum era. CHELPIS is developing innovative chip solutions such as Zero-Trust security systems and AI-driven robotic chips built on RISC-V architecture, combining ultra-low power Neural Processing Units (NPU) with integrated PQC engines. These advanced SoC solutions serve critical application areas, including smart manufacturing, autonomous vehicles, intelligent robotics, and other high-security environments requiring robust and reliable protection. For more information, please visit:
Yahoo
13-02-2025
- Business
- Yahoo
Media Alert: BrainChip CEO Answers Shareholders' Top Questions on Quarterly Investor Podcast
LAGUNA HILLS, Calif., February 13, 2025--(BUSINESS WIRE)--BrainChip Holdings Ltd (ASX: BRN, OTCQX: BRCHF, ADR: BCHPY), the world's first commercial producer of ultra-low power, fully digital, event-based, neuromorphic AI IP, invites current and potential investors to join CEO Sean Hehir for a discussion of the Company's latest events and developments on February 13 at 3:00 p.m. PST. In this eighth episode of BrainChip's Investor Podcast Series, Director of Global Investor Relations Tony Dawe presents questions to Hehir across a range of topics including insight into the status of the AI industry, news about recent customer agreements, expectations for the Company during the upcoming quarter and fiscal year, and other various matters of shareholder interests. Some of the topics covered in this podcast include: Impact of the DeepSeek launch on the AI industry Discussion of recently announced contracts with Frontgrade Gaisler, Air Force Research Laboratory (AFRL), and Bascom Hunter Updates from BrainChip's technology showcase at CES 2025, an opportunity to engage with customers from around the world Approaches to mitigating risk in shifting foreign currency marketplaces Priorities and expectations for BrainChip for this quarter and throughout 2025 "Our Quarterly Investor Podcast is an important resource to share and recap with shareholders all of the exciting things BrainChip has recently accomplished," said Hehir. "These conversations allow us to reiterate our industry-leading market positioning, emphasize the achievements we are continuing to see on a daily basis, and continue to inform those with a vested interest in our success exactly what we are doing to advance the AI space and our place in it." BrainChip's Quarterly Investor Podcast serves as a supplement to the company's regular industry-focused podcasts, which provide AI industry insight to listeners including users, developers, analysts, technical and financial press, and investors. Past episodes of BrainChip podcasts are available at About BrainChip Holdings Ltd (ASX: BRN, OTCQX: BRCHF, ADR: BCHPY) BrainChip is the worldwide leader in Edge AI on-chip processing and learning. The company's first-to-market, fully digital, event-based AI processor, AkidaTM, uses neuromorphic principles to mimic the human brain, analyzing streaming sensor data at the point of acquisition, processing only essential information with unparalleled efficiency, precision, and economy of energy. Akida uniquely enables Edge learning on chip, independent of the cloud, dramatically reducing latency while improving privacy and data security. Akida Neural processor IP, which can be integrated into SoCs on any process technology, has shown substantial benefits on today's workloads and networks, and offers a platform for developers to create, tune and run their models using standard AI workflows like Tensorflow/Keras. In enabling effective Edge computing to be universally deployable across real world applications such as connected cars, consumer electronics, and industrial IoT, BrainChip is proving that on-chip AI, close to the sensor, is the future, for its customers' products, as well as the planet. Explore the benefits of Essential AI at Follow BrainChip on Twitter: Follow BrainChip on LinkedIn: View source version on Contacts Media Contact: Mark SmithJPR Communications818-398-1424 Investor Relations: Tony DaweDirector, Global Investor Relationstdawe@
