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Ryman Hospitality Properties has agreed to acquire the 409-acre Grande Lakes Orlando Resort in Florida for USD 1.38 billion from Trinity Investments. The luxury resort comprises a 1,010-room JW Marriott, a 582-room Ritz-Carlton and an 18-hole Greg Norman-designed golf course. Marriott International will continue to manage both hotels. The property was acquired by Trinity and Elliott Management in 2018 and subsequently underwent extensive renovations and repositioning. Ryman expects the transaction to close in the third quarter of 2026 as it continues to expand its portfolio of large destination and group-oriented resorts.
Ryman Hospitality Properties has agreed to acquire the Grande Lakes Orlando Resort in Florida for USD 1.38 billion from Trinity Investments, expanding its portfolio of large-scale luxury resorts that cater to both leisure travellers and group business. The transaction comes as destination resorts continue to attract interest from investors seeking properties with multiple sources of hotel and meeting demand.
Ryman Hospitality, a lodging real estate investment trust, said it expects the acquisition to close in the third quarter of 2026, subject to customary closing conditions. The company’s shares were down about 4% in premarket trading following the announcement.
The 409-acre Grande Lakes Orlando complex comprises a 1,010-room JW Marriott Orlando, Grande Lakes and a 582-room The Ritz-Carlton Orlando, Grande Lakes. The property also includes an 18-hole championship golf course designed by Greg Norman. Marriott International will continue to manage the resort under the JW Marriott and Ritz-Carlton brands.
The resort was acquired in 2018 by a joint venture involving funds managed by Trinity Investments and Elliott Management. The ownership group subsequently carried out a major renovation and repositioning programme at the property. A financing report said the owners had completed a substantial renovation programme, including upgrades to guest rooms, public areas, pools and meeting facilities.
The investment group completed a renovation and repositioning programme worth more than USD 100 million over several years. Among the improvements were upgrades to guest rooms and meeting and event facilities, along with changes to the pool area that added a lazy river, waterslides, cabanas and other amenities.
Grande Lakes also has a sizeable meetings and events component. The resort has more than 111,000 square feet of indoor meeting space and over 100,000 square feet of additional pre-function, foyer and outdoor meeting space. Its facilities include ballrooms, boardrooms and breakout areas, making the property suited to both leisure stays and large group events.
The resort's location also supports its appeal to both segments. Grande Lakes Orlando is close to Orlando International Airport, the Orange County Convention Center and the city's major theme-park destinations. The property includes additional recreational facilities such as pools, a waterpark, tennis and pickleball courts, fishing activities and eco-tourism offerings.
The acquisition adds to Ryman Hospitality's existing portfolio of destination and convention-oriented properties. The company owns several Gaylord-branded convention resorts as well as JW Marriott properties, including the JW Marriott Phoenix Desert Ridge Resort & Spa and JW Marriott San Antonio Hill Country Resort & Spa. Its hotel portfolio is managed by Marriott International and has more than 12,000 rooms across major U.S. leisure and convention markets.
Ryman has also expanded its portfolio through acquisitions in recent years. In 2025, it completed the acquisition of the 950-room JW Marriott Phoenix Desert Ridge Resort & Spa, adding another large luxury resort with a strong group and meetings component to its holdings.
The Grande Lakes transaction follows a period of higher revenue for Ryman. The company reported second-quarter revenue of USD 748.98 million, exceeding Wall Street's estimate of USD 735.5 million, according to LSEG data. Ryman had also reported first-quarter 2026 revenue of USD 664.6 million, up 13.2% from the corresponding period a year earlier.
For Grande Lakes, the transaction marks a change in ownership after several years under Trinity and Elliott, during which the resort underwent extensive capital improvements. For Ryman, the acquisition brings two established luxury hotel brands, a large resort footprint, golf facilities and substantial meeting space into its portfolio, giving the company another property positioned across both leisure and group travel demand.
Source Reuters
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