Ryman Hospitality Properties has completed its acquisition of Grande Lakes Orlando Resort, adding one of central Florida’s largest resort complexes to its portfolio. The transaction expands the company’s presence in the country’s biggest meetings market and prompted an update to its 2026 financial outlook, including new earnings contributions from the Orlando property.
Key takeaways
Ryman’s acquisition brings a major meetings-focused resort, extensive event facilities and a broad range of leisure amenities into its portfolio.
- Purchase price totaled approximately $1.38 billion, subject to adjustments.
- Grande Lakes Orlando includes 1,592 hotel rooms across two luxury properties.
- The resort has about 320,000 square feet of meeting and event space.
- Ryman raised its 2026 consolidated operating income midpoint by $12.5 million.
- The 2026 Adjusted EBITDAre midpoint increased by $32.5 million.
The acquisition was completed with collaboration from Trinity Investments, which worked with Ryman throughout the transaction.
A major addition to Ryman’s resort portfolio
Located on more than 400 acres in Orlando, Grande Lakes combines the 1,010-room JW Marriott Orlando and the 582-room The Ritz-Carlton Orlando. Its conference facilities and upscale accommodations are designed to serve large group, convention and corporate customers.
The property also features 14 food and beverage outlets, the Grande Lakes Waterpark, the Ritz-Carlton spa and fitness center, and an 18-hole Greg Norman-designed golf course. The Ritz-Carlton Golf & Tennis Club is also home to the PNC Championship.
Strategic importance of the Orlando market
Ryman President and Chief Executive Officer Mark Fioravanti said the property would expand customer rotation opportunities and strengthen the company’s position in the nation’s largest meetings market. The acquisition gives Ryman another large-scale destination capable of hosting conventions, group events and leisure guests in a highly established tourism market.
The company said the resort’s fit with its existing business is expected to support sustainable growth and long-term shareholder value. The deal also broadens Ryman’s geographic reach beyond its existing collection of convention-oriented resorts and entertainment assets.
2026 outlook gets an earnings lift
Ryman’s updated outlook incorporates the expected contribution from Grande Lakes Orlando based on information available as of Sept. 1, 2026. The company said it does not expect to revise the guidance before its next quarterly earnings release, although it may change or withdraw the outlook earlier.
| Measure | Updated midpoint | Change from prior midpoint |
|---|---|---|
| Grande Lakes Orlando operating income | $12.5 million | New contribution |
| Consolidated operating income | $562.9 million | +$12.5 million |
| Grande Lakes Orlando Adjusted EBITDAre | $32.5 million | New contribution |
| Consolidated Adjusted EBITDAre | $926.5 million | +$32.5 million |
| Net income | $279.8 million | -$3.3 million |
Ryman maintained its full-year same-store hospitality RevPAR growth outlook at a midpoint of 4%. Its guidance for entertainment and corporate operations also remained unchanged, indicating that the principal operating revisions came from adding Grande Lakes Orlando to the portfolio.
What investors will watch next
The resort’s performance will be closely monitored as Ryman integrates the property and captures potential operating efficiencies. Key factors include group booking trends, convention demand, room-rate growth, event-space utilization and the contribution of the resort’s food, beverage and leisure operations.
The acquisition also leaves Ryman exposed to the costs and execution risks associated with a large transaction. Future results will show how quickly Grande Lakes Orlando contributes to cash flow and whether its addition strengthens the company’s broader growth strategy.