Mergers & Acquisitions ·
Ryman Hospitality Properties, Inc. entered into a definitive Agreement of Purchase and Sale on August 10, 2026, to…
RHPRyman Hospitality Properties, Inc.
Ryman Hospitality Properties, Inc. entered into a definitive Agreement of Purchase and Sale on August 10, 2026, to acquire the JW Marriott Orlando, Grande Lakes Resort and the Ritz-Carlton Orlando, Grande Lakes for approximately $1.38 billion. The buyer deposited $50 million into escrow upon execution. The transaction includes two hotels totaling 1,592 rooms, a golf course, and related assets in Orlando, Florida. Ryman expects to close the acquisition in the third quarter of 2026, subject to customary conditions. The purchase price implies a 12.5x Adjusted EBITDAre multiple based on trailing-twelve-month results through June 30, 2026. Management anticipates the deal will be accretive to adjusted funds from operations per diluted share for 2027 and aims to expand its presence in the top meetings market while introducing Ritz-Carlton as a new luxury brand. Ryman Hospitality Properties, Inc. is a lodging real estate investment trust specializing in upscale convention center resorts and entertainment experiences.