financeHotel Business··1 min·For: Owner, Investor, GM
Trinity Sells Grande Lakes Orlando for Record $1.38B
Trinity Investments has agreed to sell the 1,592-key Grande Lakes Orlando Resort to Ryman Hospitality Properties for $1.38 billion. The deal marks the largest non-gaming U.S. resort transaction on record.
Key Takeaways
- 1Trinity originally acquired the 409-acre luxury property in 2018 for $870 million.
- 2The resort includes a Ritz-Carlton, a JW Marriott, 320,000 sq. ft. of meeting space, and a golf course.
- 3This marks Trinity's third major resort disposition in the past 15 months.
Source: Hotel Business
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