Grande Lakes Orlando Resort changes hands

Grande Lakes Orlando Resort changes hands

Published at: 2018-12-07 14:12 | Author: CIJ USA
The Grande Lakes Orlando Resort has been acquired by funds managed by Trinity Real Estate Investments and Elliott Management Corporation. Located in the heart of Orlando's tourist district, the 409-acre property includes two hotels, a 582-key Ritz-Carlton and a 998-key JW Marriott. The resort also features a Greg Norman-designed 18-hole championship-caliber golf course. The institutional-quality asset offers 278,000 sq ft of indoor and outdoor meeting space, 15 food and beverage outlets, a 40,000 sq ft spa with 40 treatment rooms, multiple swimming pools and numerous sporting facilities. Terms of the sale were not disclosed.

“We’re excited to partner with Elliott to acquire this prime resort destination in Orlando, a market supported by numerous demand generators and significant infrastructure investment. Elliott and Trinity will continue to selectively pursue together additional market-leading large hotel properties with value-add opportunity,” said Sean Hehir, managing partner at Trinity. “By executing our business plan and deploying strategic capital to elevate and activate the resort experience for both families and group travelers alike, we intend for Grande Lakes to be recognized as a destination unto itself.”

Similar Stories:

Gilbane to oversee construction of Live! Casino & Hotel Philadelphia
The Gilbane Building Company has been named general contractor for Live! Casino & Hote  »
AD1 Global acquires five-hotel portfolio for $92.5m
AD1 Global paid $92.5m for a five-hotel portfolio. Totaling 758 rooms, the properties incl  »
Riviera Point tops of $39m hotel project in Orlando
Riviera Point Invest + Develop has topped off half of a dual-brand hotel near SeaWorld in  »
Cambria Hotel to open in Jacksonville in 2020
Ash Properties has signed an agreement with Choice Hotels International for the developmen  »
The healthcare industry continues to evolve, and brokers who represent medical care provid   »