Trinity acquired the resort in December 2018 f
or $870 million, with financial backing from Elliott Investment Management. The sale represents the largest non-gaming U.S. resort transaction on record, according to Trinity.
“This transaction is a testament to Trinity’s ability to identify complex, large-scale opportunities and execute on a value-add plan that meaningfully repositions the asset,” said Sean Hehir, managing partner/president/CEO, Trinity. “Grande Lakes Orlando joins a growing list of resorts where our team has driven significant operational improvement and created lasting value for our investors and partners. We’re immensely proud of what our team has accomplished and excited to see the resort’s next chapter.”
The institutional-quality asset features 320,000 sq. ft. of indoor and outdoor meeting space, 14 food and beverage outlets, a 40,000-sq.-ft. spa with 40 treatment rooms and a Greg Norman-designed 18-hole championship golf course, which hosts the PGA Tour’s PNC Championship. Since acquiring the property, Trinity has completed a comprehensive renovation and repositioning of the resort, significantly enhancing the guest experience while successfully navigating the COVID-19 pandemic.
Upon closing, this transaction will mark Trinity’s third disposition in 15 months, and follows the September 2025 sale of EAST Miami to Blackstone Real Estate and the June 2025 sale of the JW Marriott Phoenix Desert Ridge Resort & Spa to Ryman Hospitality Properties, which also received financial backing from Elliott. The transaction also comes on the heels of the firm’s recent acquisition of the JW Marriott Marco Island Beach Resort in May.
The transaction is expected to close in the third quarter, subject to customary closing conditions.
Additional terms of the transaction are not being disclosed.
