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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 plans for a new entertainment venue in downtown Nashville, inspired by country music star Luke Combs. The venue, a 69,000-square-foot complex, will include a 9,000-square-foot rooftop and capacity for nearly 3,200 guests. It aims to reflect Combs' musical and personal passions, featuring a 1,500-person concert space and supporting diverse live music experiences. The transformation of the existing Wildhorse Saloon is set to complete by summer 2024, enhancing Nashville's entertainment landscape. The project is expected to leverage Combs' massive fan base, offering a unique experience for country music lovers while revitalizing the area.
Ryman Hospitality Properties (NYSE: RHP) provided a business update on April 5, 2023, highlighting strong preliminary operating performance for Q1 2023. The company reported an occupancy rate of 72.3%, surpassing numbers from both 2022 and 2019, alongside a 59% increase in RevPAR compared to Q1 2022 and an 18% increase over 2019. The growth was driven by a boost in group segments, record average daily rates (ADR) at $237.89, and increased spending beyond room costs. Management noted that forward-looking group revenue for April to December remains robust, exceeding 2022 and 2019 levels. RHP expects to release final Q1 earnings on May 3, 2023.
Ryman Hospitality Properties (NYSE: RHP) announced its slate of director nominees for the 2023 annual meeting, featuring incumbent directors and new nominee William E. Haslam, former Governor of Tennessee. Haslam’s tenure included significant job creation initiatives and a rare AAA bond rating for the state. Colin Reed, Executive Chairman, emphasized that Haslam's diverse experience will enhance the Board's capabilities in pursuing value creation in hospitality and entertainment. The Board refreshment aims to bring a wide range of knowledge and skills, further supporting RHP’s strategic goals.
Ryman Hospitality Properties, Inc. (RHP) will announce its Q1 2023 earnings after market close on May 3, 2023. A conference call to discuss the results will take place on May 4, 2023, at 11:00 a.m. ET. Interested participants can join the call by dialing 800-445-7795 using conference ID: RHPQ123. The call will also be available for replay until May 11, 2023, at 800-757-4768, with no conference ID required. RHP focuses on upscale convention resorts and country music entertainment, managing five major properties that rank among the largest non-gaming convention centers in the U.S.
Ryman Hospitality Properties (NYSE: RHP) presented at the Raymond James & Associates 44th Annual Institutional Investors Conference on March 6, 2023, at 10:25 a.m. ET. The investor presentation is available on the company’s website, emphasizing RHP’s focus on upscale convention center resorts and entertainment experiences. RHP operates five of the top ten largest non-gaming convention center hotels in the U.S., totaling 10,412 rooms and over 2.8 million square feet of meeting space. The company also holds a 70% ownership in Opry Entertainment Group, featuring iconic country music brands.
Ryman Hospitality Properties (NYSE: RHP) reported strong financial results for Q4 2022, with net income of $61.4 million, marking a 28.4% increase from Q3 2022. The hospitality segment achieved record revenues of $484.5 million, driven by robust leisure travel and programming. Total RevPAR reached nearly $506, a 49.9% increase compared to Q4 2021. For the full year, the company recorded consolidated revenue of $1.8 billion and net income of $129 million, reversing a previous loss. The company plans to pay a quarterly dividend of $0.75 per share in Q1 2023 and has also set a minimum dividend target of $3.00 for the year.
Ryman Hospitality Properties (NYSE: RHP) will present at the 2023 Citi Global Property CEO Conference on March 7, 2023, at 9:15 a.m. ET. The presentation, featuring executive chairman Colin Reed and CEO Mark Fioravanti, will be led by a Citi research analyst. Investors can access the live webcast on Ryman's website and are encouraged to register 15 minutes prior to the start. A replay will be available for one year following the event. Ryman Hospitality, known for its upscale convention resorts and country music entertainment, operates several major properties including Gaylord Opryland Resort.
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