Grande Lakes Orlando, a 409-acre luxury Florida resort that features a 582-room Ritz-Carlton Hotel and a 1,010-room JW Marriott Hotel, plus a 18-hole Greg Norman-designed championship golf course, has been sold by Trinity Investments to Ryman Hospitality Properties for $1.38 billion.
Trinity acquired the resort in 2018 for $870 million, with financial backing from Elliott Investment Management. The sale, which is due to completed later this year, represents the largest non-gaming US resort transaction on record.
Sean Hehir, Managing Partner, President and CEO of Trinity Investments, said: “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.
“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 resort 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 of the resort, significantly enhancing the guest experience. 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.
The sale marks Trinity’s third asset off-load in the last 15 months and follows last year’s sale of East Miami to Blackstone Real Estate and sale of the JW Marriott Phoenix Desert Ridge Resort & Spa to Ryman Hospitality Properties. The transaction also comes on the heels of the firm’s recent acquisition of the JW Marriott Marco Island Beach Resort in May.