AcquisitionsAug 10, 2026, 06:23 AM
Ryman Hospitality to Acquire Grande Lakes Orlando for $1.38B
AI Summary
Ryman Hospitality Properties, Inc. announced a definitive agreement to acquire the Grande Lakes Orlando Resort in Orlando, Florida, for $1.38 billion from Trinity Investments. The 409-acre complex includes a JW Marriott and a Ritz-Carlton, totaling 1,592 guest rooms and 320,000 square feet of meeting space. The company expects the acquisition to be accretive to adjusted funds from operations per diluted share for 2027 and strengthens its presence in the Orlando market.
Key Highlights
- Ryman Hospitality Properties to acquire Grande Lakes Orlando Resort for $1.38 billion.
- The property includes a 1,010-room JW Marriott and a 582-room Ritz-Carlton, totaling 1,592 guest rooms.
- The resort features approximately 320,000 square feet of meeting space and an 18-hole golf course.
- Purchase price represents a 12.5x Adjusted EBITDAre multiple on trailing-twelve-month results through June 30, 2026.
- The acquisition is expected to be accretive to Adjusted FFO per diluted share for 2027.
- The transaction is anticipated to close in the third quarter of 2026.
Price Impact
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