Ryman Hospitality Properties has completed its acquisition of Grande Lakes Orlando Resort for approximately $1.38 billion, adding one of the largest resort properties in the Orlando market to its hospitality portfolio.
The more than 400-acre resort includes the 1,010-room JW Marriott Orlando, Grande Lakes and 582-room Ritz-Carlton Orlando, Grande Lakes, giving the property a combined 1,592 rooms.
Grande Lakes Orlando also includes approximately 320,000 square feet of meeting and event space, 14 food and beverage outlets, the Grande Lakes Waterpark, the Ritz-Carlton spa and fitness center and a Greg Norman-designed 18-hole golf course that hosts the PNC Championship.
Ryman said the acquisition expands its opportunities to rotate large group customers among its convention-oriented resorts while strengthening its position in Orlando, which the company described as the nation’s largest meetings market.
The company also updated its 2026 financial outlook to incorporate the expected contribution from Grande Lakes Orlando.
Ryman now expects Grande Lakes Orlando to contribute approximately $30 million to $35 million of Adjusted EBITDAre in 2026, with a midpoint of $32.5 million.
The company’s consolidated Adjusted EBITDAre guidance increased to $908 million to $945 million, compared with its previous range of $878 million to $910 million.
Adjusted FFO available to common stockholders and unit holders is now expected to range from approximately $606.8 million to $636.3 million, up from the previous $592.3 million to $616.8 million range.
Following the acquisition, Ryman’s hotel portfolio includes 13,956 rooms and more than 3 million square feet of indoor and outdoor meeting space across its convention and leisure destinations.
KEY QUOTE:
“I want to thank the Ryman team for their dedication and execution in successfully completing this acquisition. I also want to recognize Trinity Investments for their collaboration throughout the transaction. The addition of Grande Lakes Orlando represents a compelling strategic fit for Ryman. This property expands our group customer rotation opportunities and further strengthens our position in the nation’s largest meetings market, which we believe will enhance our ability to generate sustainable growth and long-term shareholder value.”
Mark Fioravanti, President and Chief Executive Officer of Ryman Hospitality Properties
