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Ryman Hospitality Properties, Inc - RHP STOCK NEWS

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.

Rhea-AI Summary
Ryman Hospitality Properties, Inc. has completed the acquisition of the JW Marriott San Antonio Hill Country Resort & Spa from Blackstone Real Estate Income Trust, Inc. for approximately $800 million. The resort features 1,002 rooms and extensive meeting and event space, as well as a spa, dining outlets, and golf courses.
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Rhea-AI Summary
Ryman Hospitality Properties, Inc. will release its Q2 2023 earnings results on August 3, 2023. A conference call to discuss the results will be held on August 4, 2023. The call will be available for replay until August 11, 2023. The webcast can be accessed at Ryman Hospitality Properties' Investor Relations website.
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Ryman Hospitality Properties, Inc. announces private placement of senior notes due 2028 and underwritten public offering of common stock to fund acquisition of JW Marriott San Antonio Hill Country Resort & Spa.
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Ryman Hospitality Properties, Inc. has announced a public offering of 3,500,000 shares of common stock to fund the acquisition of JW Marriott San Antonio Hill Country Resort & Spa. The offering is subject to market conditions and is being conducted through BofA Securities and J.P. Morgan as joint book-running managers.
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Ryman Hospitality Properties is set to acquire the JW Marriott San Antonio Hill Country Resort & Spa for $800 million from Blackstone Real Estate Income Trust. The acquisition price represents a Trailing Twelve Months Adjusted EBITDAre multiple of approximately 12.6x. The resort is located in an attractive and growing market with no emerging competitive supply and will complement Ryman's existing Gaylord Hotels portfolio. The addition of the JW Marriott Hill Country to Ryman's portfolio will provide ownership of two of the top group-focused assets in Texas. The acquisition is expected to be accretive to Ryman's adjusted funds from operation per share in the first full year of ownership. The deal is expected to close in the second or third quarter of 2023.
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FAQ

What is the current stock price of Ryman Hospitality Properties (RHP)?

The current stock price of Ryman Hospitality Properties (RHP) is $115.71 as of November 22, 2024.

What is the market cap of Ryman Hospitality Properties (RHP)?

The market cap of Ryman Hospitality Properties (RHP) is approximately 6.9B.

What does Ryman Hospitality Properties specialize in?

Ryman Hospitality Properties specializes in upscale convention center resorts and country music entertainment experiences.

What are the main segments of Ryman Hospitality Properties' business?

The company operates through three main segments: Hospitality, Entertainment, and Corporate and Other.

What are some of the key properties owned by Ryman Hospitality Properties?

Key properties include 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.

Who manages Ryman Hospitality Properties' hotel portfolio?

The hotel portfolio is managed by Marriott International.

Where can potential employees find career opportunities with Ryman Hospitality Properties?

Career opportunities can be found at rymanhp.com/careers. For Gaylord Hotels, visit the Marriott International and Gaylord Hotels LinkedIn pages.

What iconic brands are part of the Opry Entertainment Group?

The Opry Entertainment Group includes the Grand Ole Opry, Ryman Auditorium, WSM-AM, and the Circle media network.

How can investors access the company's conference calls?

Investors can access conference calls via the Investor Relations section of the Ryman Hospitality Properties website.

What is the significance of the company's Hospitality segment?

The Hospitality segment generates the majority of the company's revenue and includes some of the largest non-gaming convention center hotels in the U.S.

When did Ryman Hospitality Properties merge with Gaylord Entertainment Company?

The merger took place in October 2012 after Gaylord Entertainment sold its hotel brand and management rights to Marriott International.

What is the ticker symbol for Ryman Hospitality Properties?

The ticker symbol is RHP.

Ryman Hospitality Properties, Inc

NYSE:RHP

RHP Rankings

RHP Stock Data

6.90B
58.03M
3.13%
96.99%
3.13%
REIT - Hotel & Motel
Real Estate Investment Trusts
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United States of America
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