Ryman Hospitality Properties, Inc. (NYSE: RHP) agreed to purchase the Grande Lakes Orlando resort for approximately $1.38 billion. The luxury property includes both the JW Marriott Orlando and the Ritz-Carlton Orlando.
The acquisition is expected to close in the third quarter of 2026. This transaction significantly expands Ryman’s portfolio of high-end, group-focused hotel properties.
Ryman announced an underwritten public offering of 5,100,000 shares of common stock to fund the purchase. The deal indicates a bullish outlook on large-scale resort properties in major tourist destinations.