Ryman Hospitality to Acquire Grande Lakes Orlando Resort for $1.38 Billion
RHP sits 44% above its 52-week low of $83.82.
Summary
Ryman Hospitality Properties announced a definitive agreement to acquire the Grande Lakes Orlando Resort for $1.38 billion, adding two luxury hotels and a golf course to its portfolio. The deal is expected to be accretive to adjusted FFO in 2027 and close in Q3 2026.
Key Events · M&A and Partnerships · RHP
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Acquisition of Grande Lakes Orlando Resort
Ryman Hospitality Properties entered into a definitive agreement to purchase the Grande Lakes Orlando Resort for $1.38 billion from Trinity Investments. The property includes a 1,010-room JW Marriott, a 582-room Ritz-Carlton, and a Greg Norman-designed 18-hole golf course.
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Financial Impact
The purchase price represents a 12.5x multiple on trailing-twelve-month Adjusted EBITDAre of $110 million through June 30, 2026. Management expects the acquisition to be accretive to adjusted funds from operations per diluted share for 2027.
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Strategic Rationale
The acquisition expands Ryman's presence in the top U.S. meetings market, strengthens its JW Marriott and Gaylord Hotels customer rotation strategies, and introduces the Ritz-Carlton luxury brand to its portfolio. The property recently benefited from approximately $150 million in capital investments.
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Transaction Timeline
The deal is expected to close in the third quarter of 2026, subject to customary closing conditions. A $50 million earnest money deposit has been placed in escrow.
Analysis · RHP · Real Estate & Construction
A transformative deal is unfolding as Ryman Hospitality Properties acquires the Grande Lakes Orlando Resort for $1.38 billion, expanding its group-oriented resort portfolio into the nation's top meetings market. The property adds 1,592 rooms and 320,000 square feet of meeting space, deepening the company's relationships with the JW Marriott and Ritz-Carlton brands. At a 12.5x Adjusted EBITDAre multiple on trailing results, management expects the transaction to be accretive to adjusted funds from operations in 2027. Closing is anticipated in Q3 2026, subject to customary conditions.
At the time of this filing, RHP was trading at $120.50 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $7.6B. The 52-week trading range was $83.82 to $137.46. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.