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. (NYSE: RHP) generates frequent news as a lodging and hospitality REIT focused on upscale convention center resorts and entertainment experiences. Company updates often center on performance in its Hospitality and Entertainment segments, portfolio activity, and capital allocation decisions.
Investors following RHP news can expect regular coverage of quarterly and annual financial results, where the company reports revenue, net income, Adjusted EBITDAre, Funds From Operations (FFO), and detailed hospitality operating metrics such as occupancy, average daily rate (ADR), RevPAR, and group room nights booked. Earnings releases are typically paired with conference call announcements that outline how group-oriented, destination hotel assets in urban and resort markets are performing.
Ryman’s news flow also includes dividend declarations, documented in both press releases and Form 8-K filings, which specify quarterly cash dividends per common share and corresponding distributions on operating partnership units. These announcements are important for income-focused investors tracking the company’s REIT distribution profile.
Another key category of RHP news involves portfolio developments and transactions. Recent examples include the closing of the acquisition of the JW Marriott Phoenix Desert Ridge Resort & Spa, as well as updates on renovations and capital projects at Gaylord-branded properties and other resorts. In the Entertainment segment, news may highlight initiatives within Opry Entertainment Group, such as plans for new Category 10 locations or other country music and live entertainment projects.
Governance and leadership items, including changes to the Board of Directors and related 8-K disclosures, also appear in the company’s news stream. For a complete picture of RHP’s evolving business, investors often review both press releases and SEC-reported events. Bookmark this page to access a consolidated feed of Ryman Hospitality Properties news, from earnings and dividends to acquisitions and entertainment ventures.
Ryman Hospitality Properties (NYSE: RHP) has successfully closed its upsized public offering of 2.99 million shares of common stock at $96.20 per share, including 390,000 shares from the full exercise of underwriters' over-allotment option. The offering generated net proceeds of approximately $275 million.
The proceeds will be used to partially fund the $865 million acquisition of the JW Marriott Phoenix Desert Ridge Resort & Spa in Phoenix, Arizona. The remaining purchase price will be funded through cash on hand and approximately $614 million in net proceeds from a recently announced $625 million private placement of senior notes due 2033, expected to close on June 4, 2025.
Ryman Hospitality Properties (NYSE: RHP) has successfully upsized and priced a private placement of $625 million in senior notes due 2033, increased from the previously announced $600 million. The notes, carrying a 6.500% interest rate, will be issued by RHP Hotel Properties, LP and RHP Finance Corporation.
The net proceeds of approximately $614 million will partially fund the $865 million acquisition of the JW Marriott Phoenix Desert Ridge Resort & Spa. The remaining purchase price will be funded through a combination of proceeds from a public offering of 2,600,000 shares at $96.20 per share and cash on hand. The notes offering is expected to close on June 4, 2025, while the stock offering is set to close on May 21, 2025.
Ryman Hospitality Properties (NYSE: RHP) announced a proposed private placement of $600 million senior notes due 2033. The notes will be issued through RHP Hotel Properties, LP and RHP Finance Corporation. The proceeds will partially fund the $865 million acquisition of JW Marriott Phoenix Desert Ridge Resort & Spa in Phoenix, Arizona.
The remaining acquisition cost will be covered through a public offering of 2,600,000 shares at $96.20 per share (priced on May 19, 2025) and cash on hand. If the Desert Ridge acquisition fails, the notes will be redeemed at 100% of the issue price plus accrued interest. The notes offering will be available only to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S.
Ryman Hospitality Properties (NYSE: RHP) has upsized and priced its public offering of common stock at $96.20 per share. The offering size has been increased from 2,300,000 to 2,600,000 shares, with an additional 30-day option for underwriters to purchase up to 390,000 shares. The proceeds will primarily fund the $865 million acquisition of the JW Marriott Phoenix Desert Ridge Resort & Spa in Phoenix, Arizona. The offering is expected to close around May 21, 2025. Morgan Stanley, BofA Securities, J.P. Morgan, and Wells Fargo Securities are serving as lead book-running managers for the offering.
Ryman Hospitality Properties (NYSE: RHP) has announced a public offering of 2,300,000 shares of common stock, with an additional 30-day option for underwriters to purchase up to 345,000 shares. The net proceeds will primarily fund the $865 million acquisition of the JW Marriott Phoenix Desert Ridge Resort & Spa in Phoenix, Arizona.
The remaining acquisition costs will be covered through a combination of cash on hand and debt financing. Morgan Stanley, BofA Securities, J.P. Morgan, and Wells Fargo Securities are serving as joint book-running managers for the offering. The offering will proceed regardless of the Desert Ridge acquisition's completion, with proceeds redirecting to general corporate purposes if the acquisition falls through.
Ryman Hospitality Properties (NYSE: RHP) has announced a definitive agreement to acquire the JW Marriott Phoenix Desert Ridge Resort & Spa for $865 million. The property will continue to operate under Marriott International's JW Marriott flag. The purchase price represents a 12.7x Adjusted EBITDAre multiple on the property's 2024 results.
The resort, situated on 402 acres in Arizona's Sonoran Desert, features 950 guest rooms and 243,000 square feet of meeting space. Recent upgrades include nearly $100 million in capital investments, covering room renovations, lobby enhancement, and water amenity upgrades. The property boasts the 28,000-square-foot Revive Spa, seven dining outlets, the AquaRidge water amenity, and two golf courses.
The transaction is expected to close in Q2 or Q3 2025 and become accretive to adjusted FFO per share by 2026. The acquisition expands RHP's Western U.S. presence in Phoenix, a top 10 North American meetings market.
Ryman Hospitality Properties (NYSE: RHP), a leading lodging and hospitality REIT focused on upscale convention center resorts and country music entertainment, has announced its participation in the 2025 REITweek Conference in New York. Mark Fioravanti, President and CEO, will join an analyst-led roundtable discussion on Wednesday, June 4, at 11:45 a.m. ET. CFO Jennifer Hutcheson and VP of Investor Relations Sarah Martin will also attend.
The presentation will be available via webcast on RHP's investor relations website, with a 30-day replay option available. Interested parties should register at least 15 minutes before the presentation to ensure proper setup.