Trinity Investments sells Grande Lakes Orlando Resort to Ryman Hospitality Properties for $1.38 billion

Type: Sale · Technology: Hospitality · Country: United States · Value: $1.38B · Announced: 2026-08-10

Trinity Investments finalized the sale of the Grande Lakes Orlando Resort, a 409-acre luxury complex anchored by a 582-key Ritz-Carlton and a 1,010-key JW Marriott, to Ryman Hospitality Properties for $1.38 billion. The transaction marks the largest non-gaming U.S. resort deal on record and follows Trinity's $870 million acquisition of the property in December 2018, backed by Elliott Investment Management. Since the purchase, Trinity executed a comprehensive renovation and repositioning, adding 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 hosting the PGA Tour’s PNC Championship. The resort’s transformation culminated in 2024 with The Ritz-Carlton Orlando, Grande Lakes earning a MICHELIN Key as part of the MICHELIN Guide’s inaugural hotel rating program. The sale represents Trinity’s third disposition in 15 months, following 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, both also backed by Elliott Investment Management.

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