Welcome to our dedicated page for Ryman Hospitality Pptys news (Ticker: RHP), a resource for investors and traders seeking the latest updates and insights on Ryman Hospitality Pptys stock.
Ryman Hospitality Properties Inc (RHP) operates at the intersection of premium hospitality and iconic entertainment, making its news coverage essential for tracking both real estate and cultural developments. This page serves as your definitive source for verified updates about this unique REIT, combining convention resort operations with legendary country music venues.
Investors and industry observers will find comprehensive coverage of earnings announcements, strategic acquisitions, and entertainment venue developments. All content is curated from primary sources including official press releases and regulatory filings, ensuring reliability for financial decision-making.
The news collection specifically focuses on RHP's dual operational pillars: upscale convention resorts in key markets and landmark entertainment properties that drive cultural tourism. Updates span operational milestones, leadership changes, and event programming that impacts both hospitality revenues and brand equity.
For consistent access to Ryman Hospitality's evolving story, consider bookmarking this page. Return regularly to monitor how their integrated model of luxury accommodations and live entertainment experiences shapes performance in the REIT sector.
Ryman Hospitality Properties, Inc. (NYSE: RHP) announced it will release its Q2 2022 earnings results on August 1, 2022, after the market closes. A conference call will be held on August 2, 2022, at 10:00 a.m. ET to discuss the results. RHP specializes in upscale convention center resorts, particularly the Gaylord Hotels brand, which includes five of the largest non-gaming convention center hotels in the U.S. These hotels offer over 10,412 rooms and extensive meeting spaces. More information can be found on RHP's Investor Relations website.
Ryman Hospitality Properties (NYSE: RHP) has completed a strategic investment in its subsidiary, Opry Entertainment Group (OEG), by Atairos and NBCUniversal, valuing OEG at $1.415 billion. The partnership involves a 30% equity stake for a $296 million investment, with Atairos contributing $283 million and NBCUniversal $13 million. This transaction aims to support OEG's growth and reduce RHP's leverage, allowing for reinvestment in its hospitality business. RHP retains a 70% interest in OEG and expects to use proceeds to repay debt, enhancing financial flexibility.
Ryman Hospitality Properties has finalized its acquisition of Block 21 from Stratus Properties for approximately $260 million. This downtown Austin mixed-use complex features lodging, retail, office, and entertainment venues, including the W Austin Hotel and ACL Live at Moody Theater. The deal included assuming around $136 million in existing mortgage debt. CEO Colin Reed expressed optimism about leveraging partnerships with Atairos and NBCUniversal to enhance the site's appeal as a music destination.
Ryman Hospitality Properties (NYSE: RHP) will present to investors at the 2022 REITweek Conference in New York on June 8 at 2 p.m. ET. President Mark Fioravanti and CFO Jennifer Hutcheson will engage in discussions, alongside Senior VP Todd Siefert. The presentation will be webcast live and accessible via Ryman's investor relations website, with a replay available for 90 days. RHP specializes in upscale convention center resorts and country music experiences, operating significant venues like Gaylord Opryland and Opry Entertainment Group.
NASHVILLE, Tenn., May 23, 2022 (GLOBE NEWSWIRE) -- Ryman Hospitality Properties (NYSE: RHP), a leading lodging and hospitality REIT, will present at the Gabelli Funds 14th Annual Broadcast & Entertainment Symposium on June 2, at 11:30 a.m. ET in New York. CEO Colin Reed and Opry Entertainment Group President Scott Bailey will join a fireside chat, with Todd Siefert from corporate finance also attending. The event will be webcasted live, with a replay available for 90 days. RHP specializes in upscale convention centers and country music experiences, operating multiple properties including Gaylord Hotels.
Ryman Hospitality Properties (RHP) reported a net loss of $(24.6) million for Q1 2022, significantly improved from the $(104.5) million loss in Q1 2021. Total revenue rose to $299.1 million, a 255.4% increase year-over-year. Occupancy rates rebounded to 63.3% in March, up from 32.8% in January. Strong average daily rate (ADR) growth was observed, reaching $229.17, a 21.0% increase from Q1 2021. The company anticipates Q2 2022 net income between $28.5 and $32.0 million and full-year 2022 net income ranging from $60.0 to $75.0 million, driven by ongoing recovery in group travel and leisure demand.
Ryman Hospitality Properties (NYSE: RHP) has announced the scheduling of its first quarter 2022 earnings release, set for May 2, 2022, after market closure. The management's conference call to discuss the results will occur at 9:00 a.m. ET on May 3, 2022, adjusted from a previously stated time of 10:00 a.m. ET. This lodging REIT specializes in group-oriented hotel assets and operates under the Gaylord Hotels brand, with properties managed by Marriott International.
Ryman Hospitality Properties (NYSE: RHP) announces a partnership with Atairos and NBCUniversal, acquiring a 30% stake in its subsidiary, Opry Entertainment Group (OEG), valued at $1.415 billion. Atairos will invest approximately $278 million, while NBCUniversal will contribute around $15 million. An additional $30 million investment is contingent on performance targets, potentially raising OEG's value to $1.515 billion. RHP will maintain a 70% ownership of OEG and expects to generate about $593 million from the deal, reducing leverage and enhancing financial flexibility.
Ryman Hospitality Properties, Inc. (NYSE: RHP) will announce its first quarter 2022 earnings after market close on May 2, 2022. A conference call to discuss the results is scheduled for May 3, 2022, at 10:00 a.m. ET. The company, known for its group-oriented, destination hotel assets, operates five major convention center hotels under the Gaylord Hotels brand. These venues, managed by Marriott International, highlight RHP's leadership in the hospitality sector.
The closing of Ryman Hospitality Properties' acquisition of Block 21 from Stratus Properties has been postponed to before June 1, 2022, due to pending approvals related to the property's existing mortgage loan. This mixed-use development in Austin includes the W Austin Hotel and entertainment space, and the sale is contingent upon several conditions, including consent from the loan servicers and hotel operators, and the absence of material adverse effects. The acquisition remains significant for Ryman's portfolio in upscale hospitality.
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