Ryman Hospitality Properties, Inc. has agreed to acquire the Grande Lakes Orlando Resort from Trinity Investments in a $1.38 billion transaction that Trinity characterizes as the largest non-gaming U.S. resort deal on record. The 409-acre luxury property, known as Grande Lakes Orlando Resort, is anchored by a 582-key Ritz-Carlton and a 1,010-key JW Marriott. Trinity originally purchased the resort in December 2018 for $870 million with financial backing from Elliott Investment Management.
The resort spans a substantial land parcel and is positioned as a large-scale meetings and leisure destination. It offers 320,000 square feet of combined indoor and outdoor meeting and event space, supporting group, convention, and corporate demand alongside resort guests. On the leisure side, the property includes 14 food and beverage outlets, providing a range of dining options for guests across both hotel flags.
A key wellness component of Grande Lakes Orlando Resort is its 40,000-square-foot spa, which houses 40 treatment rooms. The resort also features a Greg Norman-designed 18-hole championship golf course. The course serves as the venue for the PGA Tour’s PNC Championship, adding a tournament-caliber golf offering to the overall amenity mix and drawing additional visibility to the property within the hospitality and sports tourism segments.
Trinity reports that since its 2018 acquisition, it has completed a comprehensive renovation and repositioning of the resort. While specific project details are not disclosed, the improvements were undertaken across the property during Trinity’s hold period, culminating in the current sale to Ryman Hospitality Properties. The combination of large key count, meetings infrastructure, and upgraded amenities underpins the asset’s profile in the upper-upscale and luxury resort space.
The Grande Lakes Orlando transaction continues a period of significant resort and hotel trades involving Trinity Investments and Ryman Hospitality Properties. In September 2025, Trinity sold EAST Miami to Blackstone Real Estate, and in June 2025, the JW Marriott Phoenix Desert Ridge Resort & Spa was sold to Ryman Hospitality Properties. The closing of the Grande Lakes deal will follow those transactions, adding another major hospitality asset transfer involving these parties to the recent deal log.
