Welcome to our dedicated page for Ryman Hospitality Properties news (Ticker: RHP), a resource for investors and traders seeking the latest updates and insights on Ryman Hospitality Properties stock.
Ryman Hospitality Properties, Inc. (NYSE: RHP) is a leading real estate investment trust specializing in upscale convention center resorts and country music entertainment experiences. The company's core assets include the Gaylord Opryland Resort & Convention Center, Gaylord Palms Resort & Convention Center, Gaylord Texan Resort & Convention Center, Gaylord National Resort & Convention Center, and Gaylord Rockies Resort & Convention Center. These properties are among the largest non-gaming convention center hotels in the United States, featuring extensive meeting spaces and luxurious accommodations.
Ryman Hospitality Properties operates through three main segments: Hospitality, which includes Gaylord Hotels properties, the Inn at Opryland, and the AC Hotel; Entertainment, encompassing entities like the Grand Ole Opry, Ryman Auditorium, WSM-AM, and the Circle media network; and Corporate and Other, which covers corporate expenses.
The company's Hospitality segment, managed by Marriott International, comprises a portfolio with over 11,414 rooms and more than 3 million square feet of indoor and outdoor meeting space, perfectly suited for both business and leisure travelers. In addition to its renowned resorts, Ryman Hospitality Properties holds a controlling interest in the Opry Entertainment Group, which includes iconic brands such as the Grand Ole Opry and the Ryman Auditorium.
Recent developments include the company's participation in a conference call on May 9, 2024, to discuss financial results and other updates. For those interested, the call will be available for replay and can be accessed online at Ryman Hospitality Properties' Investor Relations website.
For career opportunities, interested individuals can visit rymanhp.com/careers for positions within Ryman Hospitality Properties, the Grand Ole Opry, WSM, and the Ryman Auditorium. Opportunities at Gaylord Hotels nationwide can be found on the Marriott International and Gaylord Hotels LinkedIn pages.
Ryman Hospitality Properties (NYSE: RHP) announced a private placement offering of up to $400 million in senior notes due 2029. The notes will be unsecured obligations guaranteed by the Company. Proceeds will fund a cash tender offer for all of the existing $400 million 2023 Notes and cover associated costs, with remaining funds used for general corporate purposes. The offering is meant for qualified institutional buyers and will not be registered under the Securities Act. There are risks involved, and completion of the offering is not guaranteed.
Ryman Hospitality Properties (NYSE:RHP) will present at the Virtual Raymond James 42nd Annual Institutional Investors Conference on March 1 at 3:50 p.m. ET. Mark Fioravanti, president and CFO, will engage in an analyst-led fireside chat. Investors can access the presentation through the company's website and a replay will be available within 48 hours for one year. Ryman specializes in group-oriented, destination hotel assets and operates under the Gaylord Hotels brand, featuring five of the largest non-gaming convention center hotels in the U.S.
Ryman Hospitality Properties (NYSE: RHP) provided a business update emphasizing its real estate investment trust status specializing in upscale convention center resorts and country music entertainment. With a portfolio that includes five of the largest non-gaming convention center hotels in the U.S. and a growing collection of country music brands, the company's assets total over 10,110 rooms and 2.7 million square feet of meeting space. Key locations include Gaylord Opryland and Gaylord Palms resorts, operated under Marriott International.
Ryman Hospitality Properties (NYSE: RHP) is set to release its fourth quarter 2020 earnings results before market open on February 26, 2021. The management will host a conference call at 10:00 a.m. ET to discuss the results. Investors can participate by calling 973-935-8756, using conference ID 7189891. Replay will be available until March 26, 2021. Ryman specializes in group-oriented hotel assets and operates several major convention center hotels across the U.S.
Ryman Hospitality Properties, Inc. (NYSE: RHP) reported no significant damage or operational impact from the December 25, 2020 explosion in downtown Nashville. The Ryman Auditorium and Ole Red Nashville remain unaffected, while minor damages were noted at the Wildhorse Saloon, which is already closed due to COVID-19. The company does not anticipate any long-term interruptions to its business operations. All other properties, including Gaylord Opryland and Grand Ole Opry, are outside the affected area and were not impacted.
Ryman Hospitality Properties (NYSE: RHP) has amended its credit agreement for its $700 million revolving credit facility and $300 million Term Loan A facility. The amendment extends a waiver of financial covenants until April 1, 2022, while allowing continued access to undrawn credit. While the temporary waiver is in effect, increased interest rates will apply, and restrictions on incurring additional debt and paying dividends will be implemented. The company aims to improve liquidity as it recovers from COVID-19.
Ryman Hospitality Properties (NYSE: RHP) reported third quarter 2020 results, showing a drastic revenue decline of 81.5% to $70.2 million compared to $379.8 million in Q3 2019. The net loss available to common shareholders widened to $117.7 million, resulting in a loss per diluted share of $2.14. Despite challenges, advanced room bookings were approximately 669,000, with 24% unrelated to rebookings. Average monthly cash burn decreased to $22.7 million, indicating improved liquidity with about 30 months of funds remaining. The Entertainment segment showed signs of recovery, signaling potential future growth.
Ryman Hospitality Properties, Inc. (NYSE: RHP) announced it will release its third quarter 2020 earnings results on November 3, 2020, prior to market opening. Management will host a conference call at 10:00 a.m. ET to discuss the results. The call can be accessed at 973-935-8756 with conference ID 5678843 and will be available for replay until December 3, 2020. Ryman specializes in group-oriented, destination hotel assets, operating notable properties under the Gaylord Hotels brand.
On September 24, 2020, Ryman Hospitality Properties (NYSE: RHP) announced Nashville's Phase 3 reopening plan, effective October 1, permitting group events of up to 500 attendees with health department approval. CEO Colin Reed expressed optimism about the expanded capacities enabling more conventions at Gaylord Opryland. The Gaylord Hotels can now accommodate various group sizes, reflecting a growing demand for in-person events.
This reopening aligns with the Grand Ole Opry's 95th anniversary celebration, planning to host 500 attendees for performances, marking a significant step in recovery for the hospitality sector.
Ryman Hospitality Properties (NYSE: RHP) presented a business update ahead of upcoming investor conferences, including the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum and the Bank of America Global Real Estate Conference. The company will feature key executives in virtual presentations to engage with investors. Ryman specializes in upscale convention center resorts and entertainment, operating under the Gaylord Hotels brand. The company emphasizes its commitment to navigating the impacts of COVID-19 on the hospitality industry.
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