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NASHVILLE, Tennessee\u2014Ryman Hospitality Properties announced a definitive agreement under which the company will purchase the fee simple interest in Grande Lakes Orlando Resort in Orlando, Florida, for $1.38 billion from Trinity Investments. The 409-acre complex includes two hotels, a 1,010-room JW Marriott, a 582-room Ritz-Carlton, and a Greg Norman-designed 18-hole championship golf course. The company plans for the Property to continue to be operated by Marriott International under the JW Marriott and Ritz-Carlton brands. <\/p>\n
Mark Fioravanti, president and chief executive officer of Ryman Hospitality Properties, said, \u201cGrande Lakes is a terrific asset and one that fits all of our ownership criteria. The transaction strengthens our JW Marriott and Gaylord Hotels customer rotation strategies, expands our presence in the nation\u2019s top meetings market, and creates the opportunity for meaningful portfolio synergies. Building on the success of our growing JW Marriott platform, Grande Lakes establishes a nationwide rotational network for the JW Marriott brand within our hotel portfolio. Grande Lakes also introduces Ritz-Carlton as a new luxury brand within our portfolio, providing access to a high-value customer segment and unique customer insights that can further strengthen our platform and support long-term value creation across the portfolio.\u201d<\/p>\n
Grande Lakes Orlando Resort is one of the largest resorts in the greater Orlando area and includes 1,592 guest rooms and approximately 320,000 square feet of versatile indoor and outdoor meeting and event space. Amenities include the 40,000-square-foot Ritz-Carlton spa & fitness center; 14 food and beverage outlets; the Grande Lakes Waterpark with water slides, a lazy river, and the AquaVenture aqua course; and a Greg Norman-designed 18-hole golf course at The Ritz-Carlton Golf & Tennis Club, home of the PNC Championship. The property has recently benefited from approximately $150 million in capital investments, encompassing all guestrooms, meeting space, and core public areas across both hotels.<\/p>\n
The company expects to close the Grande Lakes transaction in the third quarter of 2026, subject to customary closing conditions. BofA Securities and J.P. Morgan acted as financial advisors to Ryman Hospitality Properties, Inc., and Bass, Berry & Sims PLC and Greenberg Traurig, LLP acted as legal advisors.<\/p>\n<\/div>\n