Ryman to Acquire Grande Lakes Orlando for $1.38B, 2027 FFO Accretive
Aug 10, 2026, 6:23 AM EDT1 sourcesAI-analyzed
Why it may matterVerify against the original reporting
The acquisition price implies a constructive multiple; accretion to 2027 Adjusted FFO and portfolio diversification into Orlando's meetings market present upside, subject to financing and closing risk.
AI summary
What happened, with direct paths to the underlying reporting
Ryman Hospitality Properties announced a definitive agreement to acquire Grande Lakes Orlando Resort for $1.38 billion, at a 12.5x Adjusted EBITDAre trailing through 6/30/2026. The 1,592-room, 409-acre complex includes JW Marriott and Ritz-Carlton brands with extensive meeting space and a $150 million capex program. The deal expands RHP's JW Marriott platform and introduces Ritz-Carlton, with closing targeted for Q3 2026.
RHP to acquire Grande Lakes Orlando for $1.38B at 12.5x Adjusted EBITDAre.
Property includes 1,592 rooms and 320,000 sq ft meeting space.
Marriott will continue managing JW Marriott and Ritz-Carlton brands at Grande Lakes.
Closing expected in Q3 2026; accretive to 2027 Adjusted FFO.
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