Member of the Board of Advisors
Founder, Trinity Hotel Investors
Mr. Ruff’s forty years of comprehensive experience encompass all phases of the investment process, including: risk/reward and market analysis, finance, partnership structuring, negotiations, asset management, dispositions, and extensive hotel business expertise. His accomplishments span the U.S. and international markets. As a principal, both independently and with various firms, he has engineered, negotiated, and closed transactions valued over $3.0 billion.
Mr. Ruff is the Senior Principal of Trinity Hotel Investors L.L.C., a New York based hotel real estate investment firm which invests in limited-service, full-service and luxury hotel real estate and hospitality management companies in U.S. and European markets. Over the past ten years, Trinity amassed over 25 hotels located throughout the United States and London, England.
Before the formation of Trinity, Mr. Ruff: (1) managed the business and operational affairs of Chicago-based Seymour N. Logan Associates, Inc. as Chief Operating Officer, and oversaw its portfolio of commercial and hotel real estate; (2) advised the founding partners of VMS Realty Partners, and later as a partner, co-founded the autonomous hotel division of VMS, where he directed all of the division’s disciplines, including: acquisition, asset management, finance, disposition, development, and joint-venture relationships of VMS’ 56 hotel and resort investments; (3) co-founded Ruff, Callaghan & Hemmeter Company, a Hawaii real estate investment firm; (4) engineered the global growth of the Ritz-Carlton Hotel Company from 14 to 25 hotels while he was Executive Vice President and partner; (5) co-founded and served as the Chief Executive Officer of Trinity Investment Trust L.L.C, where he directed its real estate and hotel investments across North America, Asia and Europe; and (6) pursued a variety of independent investment opportunities including the acquisition and reorganization of an international trade finance bank, the acquisition and privatization of NextHealth, Inc., the owner of the widely acclaimed Miraval Resort and Spa, and the highly respected drug and alcohol rehabilitation center, Sierra Tucson, and the establishment of Fall Creek Partners, Inc., an investment advisory firm providing real estate and hotel asset management services.
Mr. Ruff was a finalist for the Illinois Entrepreneur of the Year Award in 1989, and in 2006, Mr. Ruff was awarded the developer of the year for Crowne Plaza by the InterContinental Hotels Group. He graduated from De Paul University with a Bachelor of Science degree in Commerce (Cum Laude) and is a Certified Public Accountant. He is a founding member of the Real Estate Center at DePaul University where he sits on the Center’s Executive Committee, chairs DePaul’s Plant and Property Committee, serves as Trustee of DePaul, and is a member of the University’s Executive Committee.
In addition, Mr. Ruff actively invests in distressed real estate and securities throughout the U.S.