A Trinity Investments Joint Venture Secures a $750 Million Refinancing for the Grande Lakes Orlando Resort

Trinity Investments completed the refinancing of the 409-acre, 1,592-key complex consisting of a 582-key Ritz-Carlton, a 1,010-key JW Marriott, and a Greg-Norman-designed 18-hole golf course located in Orlando, FL

ORLANDO, Fla.--(BUSINESS WIRE)--A joint venture led by Trinity Investments (“Trinity”) announced today that it has arranged a $750 million refinancing of the existing $650 million loan for the Grande Lakes Orlando Resort (“Grande Lakes”). The refinancing follows the completion of Trinity’s $118 million renovation and repositioning plan for the resort. The property was refinanced with a floating rate CMBS loan.

Located in Orlando, Florida, the 409-acre, 1,592-key resort, anchored by The Ritz-Carlton and JW Marriott, is among the top resort and conference destinations in the Marriott system. Grande Lakes features an extensive array of amenities, including spa treatments, championship golf, gourmet farm-to-table dining, and world-class pools with new deluxe cabanas. The Ritz-Carlton holds several prestigious distinctions, including recognition as one of two AAA 5-Diamond resorts in Orlando, one of three Forbes 4-Star resorts in Orlando, and one of four Michelin 1-Star restaurants in its market.

The Trinity-led joint venture acquired the resort in 2018, and since acquisition, the property has undergone an extensive renovation to the rooms and public areas, adding 12 guestrooms, elevated food and beverage experiences, and a transformative pool renovation which includes a new waterpark.

“Since acquiring Grande Lakes, we’ve completed a transformation of the resort, making it a go-to destination for both individuals and group travel in Orlando, and Florida more broadly,” said Sean Hehir, Managing Partner, President, and CEO of Trinity. “Our ability to refinance the asset at attractive terms in today’s market is a testament to our ability to revitalize the resort for a new generation of travelers and position the asset for continued operational outperformance. We are grateful to our financial partners for their continued support of the business.”

About Trinity Investments

Trinity is a private real estate investment firm with a 27-year history of specializing in value-add opportunities. Based in Honolulu with offices in Beverly Hills and London, Trinity focuses on unique real estate investments in world-class markets. As of October 2023, Trinity has invested more than US $9 billion in the United States, Mexico, Europe, and Japan by leveraging its deep institutional knowledge and longstanding local relationships. For additional information, please visit Trinity’s website at www.trinityinvestments.com or on LinkedIn.