Home / Business and Economy / Ryman Buys Orlando's Grande Lakes for $1.38B
Ryman Buys Orlando's Grande Lakes for $1.38B
10 Aug
Summary
- Ryman Hospitality Properties acquired Grande Lakes Orlando.
- The purchase price for the resort was $1.38 billion.
- The complex includes two luxury hotels and a golf course.
Ryman Hospitality Properties Inc. has entered into an agreement to acquire the Grande Lakes Orlando resort. The transaction is valued at $1.38 billion and represents a significant expansion for Ryman.
The 409-acre resort complex is a premier destination, encompassing two distinct luxury hotels. The JW Marriott portion boasts 1,010 rooms, while the Ritz-Carlton offers 582 rooms.
Adding to its allure, the property features an 18-hole championship golf course, expertly designed by Greg Norman. This acquisition solidifies Ryman's presence in a highly sought-after market.
Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.
