Ryman Hospitality Properties to buy Grande Lakes Orlando Resort for $1.38 billion - RHP News | RalliesRyman Hospitality Properties to buy Grande Lakes Orlando Resort for $1.38 billion
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RHP• Ryman Hospitality agrees to acquire Grande Lakes Orlando Resort
- Ryman Hospitality Properties agreed to buy Grande Lakes Orlando Resort from Trinity Investments for $1.38 billion.
- The property spans 409 acres and includes a 1,010-room JW Marriott, a 582-room Ritz-Carlton, and an 18-hole Greg Norman-designed golf course.
- The valuation was set at 12.5x trailing 12-month adjusted EBITDAre through June 30, 2026.
- Marriott International is expected to continue operating the hotels under the JW Marriott and Ritz-Carlton brands.
- Closing is targeted for the third quarter of 2026, and the deal is expected to lift adjusted FFO per diluted share in 2027.
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