Trinity Investments Sells Grande Lakes Orlando Resort for $1.38 Billion

Key Terms

definitive agreement regulatory

A definitive agreement is a formal, legally binding document that outlines the final terms and conditions of a deal or transaction, such as a sale or partnership. It acts like a detailed contract that confirms all parties have agreed on the key details, making the deal official. For investors, it signals that the agreement is settled and moving toward completion, providing clarity and security about the transaction.

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Originally acquired in 2018 for $870 million, the sale represents the largest non-gaming U.S. resort transaction on record

MIAMI--(BUSINESS WIRE)-- Trinity Investments (“Trinity”), a U.S.-based hospitality-focused real estate investor, announced today that it has entered into a definitive agreement to sell the Grande Lakes Orlando Resort, a 409-acre luxury complex anchored by a 582-key Ritz-Carlton and a 1,010-key JW Marriott, for $1.38 billion to Ryman Hospitality Properties, Inc. (NYSE: RHP). Trinity acquired the resort in December 2018 for $870 million, with financial backing from Elliott Investment Management (“Elliott”). The sale represents the largest non-gaming U.S. resort transaction on record and underscores Trinity’s expertise in large-scale resort repositioning and strategic asset management.

“This transaction is a testament to Trinity’s ability to identify complex, large-scale opportunities and execute on a value-add plan that meaningfully repositions the asset,” said Sean Hehir, Managing Partner, President and CEO of Trinity. “Grande Lakes Orlando joins a growing list of resorts where our team has driven significant operational improvement and created lasting value for our investors and partners. We’re immensely proud of what our team has accomplished and excited to see the resort’s next chapter.”

The institutional-quality asset features 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, which hosts the PGA Tour’s PNC Championship. Since acquisition, Trinity has completed a comprehensive renovation and repositioning of the resort, significantly enhancing the guest experience while successfully navigating the COVID-19 pandemic. The transformation was recognized in 2024, when The Ritz-Carlton Orlando, Grande Lakes was awarded a MICHELIN Key as part of the MICHELIN Guide’s inaugural hotel rating program.

Upon closing, this transaction will mark Trinity’s third disposition in 15 months, and follows 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, which also received financial backing from Elliott. The transaction also comes on the heels of the firm’s recent acquisition of the JW Marriott Marco Island Beach Resort in May 2026.

The transaction is expected to close in the third quarter of 2026, subject to customary closing conditions.

Additional terms of the transaction are not being disclosed.

Forward-Looking Statements. This press release contains forward-looking statements, including statements regarding the expected timing and completion of the transaction. These statements reflect Trinity’s current expectations and assumptions and are not guarantees of future results. They are subject to risks and uncertainties, including the possibility that the transaction does not close on the expected timeline or at all, that closing conditions are not satisfied, that the final economic terms differ from those currently assumed, and that market or operating conditions change. Actual results may differ materially from those expressed or implied. Except as required by law, Trinity undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.

About Trinity Investments

Trinity is a global hospitality investment platform with a 30-year track record of acquiring, repositioning, and operating high-quality lodging assets in world-class markets. The firm is headquartered in Miami with offices in Los Angeles, London, and Honolulu, and has deployed more than $10 billion across the United States, Mexico, Europe, and Japan. Trinity’s strategy leverages deep sector expertise, long-standing brand and operating relationships, and a disciplined, hands-on approach to value creation. For more information, please visit www.trinityinvestments.com. For updates on Trinity’s investment activity, follow Trinity on LinkedIn.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260809958570/en/

Media
Kris Cole / Alyssa Noud
Pro-TrinityInvestments@Prosek.com

Source: Trinity Investments