Trinity Secures $750M Refi for Grande Lakes 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, Florida, the 409-acre, 1,592-key resort, anchored by The Ritz-Carlton and JW Marriott, is among the Marriott system’s top resort and conference destinations. Grande Lakes features extensive amenities, including spa treatments, championship golf, gourmet farm-to-table dining, and world-class pools with new deluxe cabanas.

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