Trinity Investments JV secures $750m refinancing for the Grande Lakes Orlando Resort
A joint venture led by Trinity Investments has arranged a $750 million refinancing of the existing $650 million loan for the Grande Lakes Orlando Resort.
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, 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