Ryman Hospitality Properties has completed its approximately $1.38 billion acquisition of Grande Lakes Orlando, a group and leisure resort complex spanning more than 400 acres and including the 1,010-room JW Marriott Orlando, the 582-room Ritz-Carlton Orlando, and about 320,000 square feet of meeting space. The purchase was funded with net proceeds from an offering of 5.865 million common shares, a $700 million private placement of 6.250% senior notes due 2035, and cash on hand. Ryman expects the property to contribute $30 million to $35 million of company-defined Adjusted EBITDAre in the final four months of 2026, but the property generated $110.0 million of trailing 12-month Adjusted EBITDAre through June 2026, implying a 12.5 times purchase multiple. The new senior notes carry about $43.8 million in annual coupon interest, and the equity offering adds 5.865 million shares, while consolidated net income guidance fell by roughly $3.3 million due to financing costs and depreciation. The acquisition adds 1,592 rooms, about 13% of the pre-acquisition portfolio, and follows approximately $150 million in recent capital investment at the property.
Ryman Hospitality Properties IncRyman completed its $1.38B Grande Lakes Orlando acquisition, funded by equity, $700M senior notes, and cash, adding 1,592 rooms and expected EBITDAre contribution.
Chevron Corp
