Trinity Investments Sale of JW Marriott Phoenix Desert Ridge Resort & Spa

Deal value: $865,000,000

Disposition of the JW Marriott Phoenix Desert Ridge Resort & Spa, a 950-room luxury resort in Phoenix, Arizona.

The core investment motivation is to acquire a marquee, group-focused luxury resort that complements Ryman Hospitality Properties’ existing portfolio of large convention center hotels. The timing is driven by the limited availability of such assets, the resort’s recent $100 million renovation, and strong forward bookings in the group travel segment. The fundamental belief is that high-quality, well-located resorts with extensive meeting space will deliver durable, long-term value for shareholders and customers.