Ryman Hospitality strikes $1.38 billion deal for Grande Lakes Orlando
RHP•Resort details and management
- The deal underscores continued investor interest in large destination resorts, which benefit from demand from both vacationers and corporate groups in the U.S. travel market.
- Grande Lakes was acquired in 2018 by a joint venture between funds managed by Trinity Investments and Elliott Management, which subsequently undertook a major renovation and repositioning of the Orlando resort complex.
- The 409-acre resort includes a 1,010-room JW Marriott hotel, a 582-room Ritz-Carlton hotel and an 18-hole golf course designed by Greg Norman.
- Marriott International will continue to manage the property under the JW Marriott and Ritz-Carlton brands.
Closing timing and recent results
- Ryman expects to close the Grande Lakes transaction in the third quarter of 2026.
- Earlier this month, Ryman reported second-quarter revenue of $748.98 million, above Wall Street estimates of $735.5 million, according to data compiled by LSEG.
Ryman to buy Grande Lakes Orlando for $1.38 billion
Ryman Hospitality Properties RHP.N on Monday agreed to acquire the Grande Lakes Orlando Resort in Florida for $1.38 billion from Trinity Investments, in a deal that broadens the lodging REIT's presence in the high-end leisure and group travel market.
Shares of the company were down 4% before the bell.
