Ryman Hospitality Properties to buy Grande Lakes Orlando Resort for $1.38 billion

M&A · Partnership

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Summary · why it matters

Ryman Hospitality Properties agreed to acquire the Grande Lakes Orlando Resort in Florida for $1.38 billion from Trinity Investments. The 409-acre property includes a 1,010-room JW Marriott, a 582-room Ritz-Carlton, and an 18-hole golf course, with Marriott International continuing to operate the hotels under their existing brands. The purchase price represents 12.5 times trailing adjusted EBITDAre, and Ryman expects the acquisition to increase adjusted FFO per share in 2027. The company expects to close the transaction in the third quarter of 2026, subject to customary closing conditions.