US-based Trinity Investments has agreed to sell the Grande Lakes Orlando Resort in Florida to Ryman Hospitality Properties for $1.38bn.
The 409-acre resort includes two hotels, notably a 582-room Ritz-Carlton and a 1,010-room JW Marriott.
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Trinity acquired the property in December 2018 for $870m, with support from Elliott Investment Management.
The resort is described as an institutional-grade asset, offering 320,000ft² of combined indoor and outdoor meeting facilities, 14 food and beverage venues, a 40,000ft² spa with 40 treatment rooms, and a Greg Norman-designed 18-hole championship golf course.
On completion, the sale will be Trinity’s third asset disposal in 15 months. It 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, also to Ryman Hospitality Properties.
The deal also comes shortly after Trinity’s purchase of the JW Marriott Marco Island Beach Resort in May 2026.
The Grande Lakes transaction is expected to close in the third quarter of 2026, subject to customary closing conditions.
Trinity managing partner, president and CEO Sean Hehir 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.”
Trinity is headquartered in Miami, US, and operates as a global hospitality investment platform, with additional offices in Los Angeles, London and Honolulu.
