Ryman Hospitality Properties, Inc. Provides Investor Supplement Ahead of J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum (September 14-15) and Bank of America Global Real Estate Conference (September 16-17)
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.
- Participation in key investor conferences may enhance visibility and investor engagement.
- Ryman's expertise in upscale convention centers positions it well for recovery in hospitality.
- Uncertainties surrounding COVID-19 continue to pose risks to travel and demand in the hospitality sector.
- The company warns of potential impacts on operations and revenue due to ongoing pandemic challenges.
NASHVILLE, Tenn., Sept. 11, 2020 (GLOBE NEWSWIRE) -- Ryman Hospitality Properties, Inc. (NYSE: RHP) (the “Company”) today provided a business update and supplemental information ahead of the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum (September 14-15) and Bank of America Global Real Estate Conference (September 16-17). The supplement can be located on the company’s website under Investor Relations Home / News & Events / Presentations & Transcripts (http://ir.rymanhp.com/index.php/events-and-presentations/presentations).
The Company will present virtually to investors attending the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum, on Monday, September 14, at 2:10 p.m. ET. Colin Reed, Chairman and Chief Executive Officer will participate in an analyst-led fireside chat. Mark Fioravanti, President and Chief Financial Officer, and Todd Siefert, Senior Vice President of Corporate Finance and Treasurer, will also attend the conference.
The J.P. Morgan analyst-led fireside chat will be webcast and accessed on Ryman Hospitality Properties’ website at www.rymanhp.com. To listen to the webcast, please visit the investor relations section of the website at least 15 minutes prior to the beginning of the scheduled presentation to register, download and install necessary multimedia streaming software. For those who cannot listen to the live broadcast, a replay will be available within 24 hours of the presentation and can be viewed for 30 days.
The Company will also virtually attend the 2020 Bank of America Global Real Estate Conference (September 16-17), where it will host meetings with investors in a one-on-one and group session format. Mark Fioravanti, President and Chief Financial Officer, Jennifer Hutcheson, Executive Vice President and Chief Accounting Officer, and Todd Siefert, Senior Vice President of Corporate Finance and Treasurer, will attend the conference.
About Ryman Hospitality Properties, Inc.
Ryman Hospitality Properties, Inc. (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and country music entertainment experiences. The Company’s core holdings* include a network of five of the top 10 largest non-gaming convention center hotels in the United States based on total indoor meeting space. These convention center resorts operate under the Gaylord Hotels brand and are managed by Marriott International. The Company also owns two adjacent ancillary hotels and a small number of attractions managed by Marriott International for a combined total of 10,110 rooms and more than 2.7 million square feet of total indoor and outdoor meeting space in top convention and leisure destinations across the country. The Company’s Entertainment segment includes a growing collection of iconic and emerging country music brands, including the Grand Ole Opry; Ryman Auditorium, WSM 650 AM; Ole Red and Circle, a country lifestyle media network the Company owns in a joint venture with Gray Television. The Company operates its Entertainment segment as part of a taxable REIT subsidiary.
*The Company is the sole owner of Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; and Gaylord National Resort & Convention Center. It is the majority owner and managing member of the joint venture that owns Gaylord Rockies Resort & Convention Center.
Cautionary Note Regarding Forward-Looking Statements
This press release contains statements as to the Company’s beliefs and expectations of the outcome of future events that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. You can identify these statements by the fact that they do not relate strictly to historical or current facts. Examples of these statements include, but are not limited to, statements regarding the anticipated impact of COVID-19 on travel, transient and group demand, the anticipated impact of COVID-19 on our results of operations, the amount and collection of cancellation and attrition fees, cost containment efforts, efforts to rebook customers for later dates in 2020 and later years, our plans to open our Gaylord Hotels properties and other assets and monthly cash expenses. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the statements made. These risks and uncertainties include, but are not limited to; the effects of the COVID-19 pandemic on us and the hospitality and entertainment industries generally, the effects of the COVID-19 pandemic on the demand for travel, transient and group business (including government-imposed restrictions); levels of consumer confidence in the safety of travel and group gathering as a result of COVID-19; the duration and severity of the COVID-19 pandemic in the United States and the pace of recovery following the COVID-19 pandemic; the duration and severity of the COVID-19 pandemic in the markets where our assets are located; governmental restrictions on our businesses; economic conditions affecting the hospitality business generally; the geographic concentration of our hotel properties; business levels at our hotel properties; and our ability to borrow funds pursuant to our credit agreement. Other factors that could cause results to differ are described in the filings made from time to time by the Company with the U.S. Securities and Exchange Commission and include the risk factors and other risks and uncertainties described in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019 and its Quarterly Reports on Form 10-Q and subsequent filings. Except as required by law, the Company does not undertake any obligation to release publicly any revisions to forward-looking statements made by it to reflect events or circumstances occurring after the date hereof or the occurrence of unanticipated events.
Source: Ryman Hospitality Properties, Inc.
| Investor Relations Contacts: | Media Contacts: |
| Mark Fioravanti, President & Chief Financial Officer | Shannon Sullivan, Vice President Corporate and Brand Communications |
| Ryman Hospitality Properties, Inc. | Ryman Hospitality Properties, Inc. |
| (615) 316-6588 | (615) 316-6725 |
| mfioravanti@rymanhp.com | ssullivan@rymanhp.com |
| ~or~ | ~or~ |
| Todd Siefert, Senior Vice President Corporate Finance & Treasurer | Robert Winters |
| Ryman Hospitality Properties, Inc. | Alpha IR Group |
| (615) 316-6344 | (929) 266-6315 |
| tsiefert@rymanhp.com | robert.winters@alpha-ir.com |
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