NEWS
Trinity Investments sells Grande Lakes Orlando in blockbuster deal
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n what is being called the largest non-gaming U. S. resort transaction on record, Trinity Investments has agreed to sell the Grande Lakes Orlando Resort, a 409-acre luxury complex anchored by a 582-key Ritz-Carlton and a 1,010-key JW Marriott, for $ 1.38 billion to Ryman Hospitality Properties. Miami-based Trinity acquired the resort in December 2018 for $ 870 million. Trinity is a private real estate investment firm that solely invests in upper-upscale and luxury hotels, typically in resort or urban markets. Ryman is a lodging and hospitality real estate investment trust that specializes in upscale convention center resorts. Most of its hotels fall under the Gaylord Hotels brand, a brand Marriott International acquired in 2012.
India’ s Taj Hotels opens its first continental Europe hotel
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he Indian Hotels Company Limited( IHCL) has opened Taj Hessischer Hof Frankfurt, a restoration of the former Grandhotel Hessischer Hof, which closed at the end of 2020, but returns as Taj’ s first hotel in continental Europe. The opening adds to a portfolio already present in the U. S. market with The Pierre, A Taj Hotel, New York and Taj Campton Place, San Francisco. In the UK, Taj has St. James’ Court, A Taj Hotel, London and Taj 51 Buckingham Gate Suites and Residences, London. The hotel comprises 117 guestrooms and nine suites across eight categories. The 1,500-squarefoot Royal Presidential Suite includes two bedrooms, a separate meeting room and a kitchenette.
Aspen Hospitality launches Nell Hotels brand
Aspen Hospitality has launched Nell Hotels, a new luxury hotel brand that builds off The Little Nell hotel in Aspen, Colo. The announcement includes two milestones: the debut of The Nell New York, set to open in fall 2027 as the first and only hotel within Rockefeller Center and New York City’ s only Relais & Châteaux property, and the reimagination of The Little Nell, which will temporarily close in April 2027 for renovation and reopen for the 2027-2028 ski season. The 134-room Nell New York represents a more than $ 350-million investment and will occupy space above Rockefeller Center.
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