Trinity Investments sells Grande Lakes Orlando resort for $1.38B

Trinity Investments has entered into a definitive agreement to sell the Grande Lakes Orlando Resort to Ryman Hospitality Properties (NYSE: RHP) for $1.38 billion, according to a press release from Trinity.

Trinity originally acquired the 409-acre resort in December 2018 for $870 million, with financial backing from Elliott Investment Management. The company claims the transaction represents the largest non-gaming U.S. resort transaction on record.

The resort includes a 582-key Ritz-Carlton and a 1,010-key JW Marriott, along with 320,000 square feet of meeting space, 14 food and beverage outlets, a 40,000-square-foot spa, and a Greg Norman-designed 18-hole golf course that hosts the PGA Tour's PNC Championship.

The transaction marks Trinity's third disposition 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. Trinity also acquired the JW Marriott Marco Island Beach Resort in May 2026.

The sale is expected to close in the third quarter of 2026, subject to customary closing conditions. Additional financial terms were not disclosed.

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