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.
Tractor Supply Company (NASDAQ: TSCO) has launched its inaugural Emerging Artists Program to support new country music talent. The initiative invites artists to submit original songs inspired by the 'Life Out Here' lifestyle until March 15. Selected artists will receive mentorship from notable musicians including Lainey Wilson and Ashley McBryde, culminating in a Nashville studio recording session and live performances during the country music industry's biggest events in June. This program not only showcases Tractor Supply's commitment to community engagement but also strengthens its ties to rural America, providing a platform for emerging artists to flourish.
Ryman Hospitality Properties (NYSE: RHP) is scheduled to present at the Raymond James 44th Annual Institutional Investors Conference on March 6, 2023, at 10:25 a.m. ET. Jennifer Hutcheson, CFO, will outline the Company's financial performance and strategic initiatives, while Ray Keeler, VP of finance, will also attend. The presentation will be available via webcast on Ryman's website, with a replay accessible for 90 days post-event. Ryman specializes in upscale lodging and convention center resorts, including key properties like Gaylord Opryland and Gaylord Palms, and holds a 70% interest in Opry Entertainment Group, enhancing its presence in country music entertainment.
Ryman Hospitality Properties announced the 2022 tax classification of its dividend distributions for shareholders. Two notable payments include a $0.10 dividend paid on October 17, 2022, and a $0.25 dividend paid on January 17, 2023, totaling $0.35 for the year. The tax classifications indicate that $0.283418 is ordinary non-qualifying dividends, while $0.066582 represents long-term capital gains. Shareholders are advised to consult with tax advisors for specific treatments as this information is preliminary and subject to changes upon further filings.
Ryman Hospitality Properties (NYSE: RHP) will announce its fourth quarter 2022 earnings on February 23, 2023, after market close. A conference call is scheduled for February 24, 2023, at 10:00 a.m. ET for the management to discuss the results. Investors can access the call via dial-in or through a webcast on the company's Investor Relations website. Ryman specializes in upscale convention center resorts and country music entertainment, operating five of the largest non-gaming convention center hotels in the U.S. and owning a significant interest in Opry Entertainment Group.
Ryman Hospitality Properties (NYSE: RHP) provided a business update for Q4 2022, highlighting strong performance in its Hospitality segment. CEO Colin Reed noted record Average Daily Rates (ADR) and significant increases in Revenue per Available Room (RevPAR) driven by robust holiday programming, including ICE!. For October and November, total occupancy reached 74.1% and 71.1%, respectively, with ADR exceeding 2019 levels. The company anticipates setting a monthly revenue record for December, bolstered by leisure demand across the Gaylord Hotels brand.
Ryman Hospitality Properties (NYSE: RHP) announced a fourth quarter cash dividend of $0.25 per common share, set for payment on January 17, 2023, to stockholders who are on record as of December 30, 2022. This is an increase from the previous quarter's dividend of $0.10. CEO Colin Reed expressed confidence in the company's long-term growth trajectory, citing record quarterly revenue and profitability as factors in future dividend considerations.
Ryman Hospitality Properties (NYSE: RHP) reported impressive third quarter financial results for 2022, achieving a net income of $45.2 million ($0.79 per diluted share). Despite a dip in occupancy compared to 2019, the Company reached a record $390.6 million in Hospitality revenue, driven by strong leisure demand, with average daily rates rising 14.6% year-over-year. The Company reinstated a quarterly cash dividend of $0.10. Looking ahead, RHP increased its full-year guidance, reflecting confidence in continued momentum in leisure and group travel.
Ryman Hospitality Properties (NYSE: RHP) has announced a significant leadership transition. Chairman and CEO Colin Reed will become Executive Chairman effective January 1, 2023, after 21 years as CEO. Mark Fioravanti, previously President, will step in as President and CEO. Reed's new role will focus on strategic partnerships and advancing the company's ESG goals. Under Reed's leadership, RHP established itself as a major hospitality and entertainment player. Fioravanti aims to build on this momentum with a long-tenured management team, emphasizing value creation for stakeholders.
Ryman Hospitality Properties (NYSE: RHP) will present at the Deutsche Bank 2022 Leveraged Finance Conference on September 21 at 10 a.m. MT. President Mark Fioravanti will partake in a fireside chat, alongside CFO Jennifer Hutcheson and VP Ray Keeler, who will hold meetings with attendees. A webcast of the presentation will be available on Ryman's website, with a replay accessible for 180 days post-event. RHP is known for its upscale convention center resorts, including Gaylord hotels, and a significant interest in Opry Entertainment Group.
Ryman Hospitality Properties, Inc. (NYSE: RHP) announced it will release its third quarter 2022 earnings results on October 31, 2022, after market close. A conference call is scheduled for November 1, 2022, at 10:00 a.m. ET, to discuss the earnings. The call can be accessed at Ryman's Investor Relations website or by calling 800-225-9448. RHP is known for its upscale convention center resorts and country music entertainment experiences, managing five of the largest non-gaming convention center hotels in the U.S., with over 10,000 rooms and significant meeting spaces.
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