Ryman Acquires Orlando Resorts for Record $1.38B

Trinity Investments sold the Grande Lakes Orlando Resort, a 409-acre luxury complex anchored by a 582-key Ritz-Carlton (shown) and a 1,010-key JW Marriott, for $1.38 billion to Ryman Hospitality Properties, Inc. Trinity acquired the resort in December 2018 for $870 million, with financial backing from Elliott Investment Management. Trinity asserts the sale represents the largest non-gaming U.S. resort transaction on record.

The asset features 320,000 square feet of indoor and outdoor meeting space, 14 food and beverage outlets, a 40,000-square-foot spa with 40 treatment rooms, and a Greg Norman-designed 18-hole championship golf course, which hosts the PGA Tour’s PNC Championship. Since the acquisition, Trinity has completed a comprehensive renovation and repositioning of the resort.

Upon closing, this transaction follows the September 2025 sale of EAST Miami to Blackstone Real Estate and the June 2025 sale of the JW Marriott Phoenix Desert Ridge Resort & Spa to Ryman Hospitality Properties.

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