Ryman Hospitality Properties Expands Orlando Footprint with $1.38 Billion Grande Lakes Acquisition — Ryman Hospitality Properties, Inc.

Event summary

Ryman Hospitality Properties to acquire Grande Lakes Orlando Resort for $1.38 billion from Trinity Investments.
The 409-acre complex includes two hotels (JW Marriott and Ritz-Carlton) and a Greg Norman-designed golf course.
Purchase price represents a 12.5x Adjusted EBITDAre multiple on trailing-twelve-month results through June 30, 2026.
Transaction expected to close in Q3 2026 and be accretive to adjusted FFO per diluted share for 2027.

The big picture

This acquisition solidifies Ryman's position in the top North American meetings market, expanding its footprint in Orlando—a city consistently ranked as the leading destination for group travel. The deal also introduces the Ritz-Carlton brand into Ryman's portfolio, providing access to a high-value customer segment and potential long-term value creation opportunities across its properties.

What we're watching

Integration Challenges: How Ryman will manage the integration of Grande Lakes into its existing portfolio, particularly given the property's scale and luxury positioning.
Brand Synergies: Whether the addition of Ritz-Carlton will create meaningful cross-brand synergies within Ryman's portfolio.
Market Dynamics: The pace at which Orlando's meetings and leisure demand will continue to support high-value assets like Grande Lakes.