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Ryman Hospitality Properties, Inc. Announces Offering of 2,300,000 Shares of Common Stock
Globenewswire· 2025-05-19 20:26
Core Viewpoint - Ryman Hospitality Properties, Inc. has initiated a public offering of 2,300,000 shares of common stock to fund a portion of the acquisition of the JW Marriott Phoenix Desert Ridge Resort & Spa, with a total purchase price of approximately $865 million [1][2]. Group 1: Offering Details - The company plans to grant underwriters a 30-day option to purchase up to 345,000 additional shares [1]. - The net proceeds from the offering will be directed to RHP Hotel Properties, LP, which will use the funds for the Desert Ridge Acquisition and related expenses [2]. - The offering is not contingent upon the completion of the Desert Ridge Acquisition and will occur beforehand [2]. Group 2: Financial Structure - The remaining balance of the Desert Ridge Acquisition will be financed through a combination of cash on hand and debt, which may include borrowings from the revolving credit facility, unsecured debt financing, or the assumption of an existing secured loan [2]. - The offering is being conducted under the company's shelf registration statement, which became effective upon filing with the SEC [4]. Group 3: Management and Underwriters - Morgan Stanley, BofA Securities, J.P. Morgan, and Wells Fargo Securities are acting as joint book-running managers for the offering [3]. - The offering is subject to market conditions, and there is no assurance regarding its completion or final terms [3]. Group 4: Company Overview - Ryman Hospitality Properties, Inc. is a leading lodging and hospitality real estate investment trust specializing in upscale convention center resorts and entertainment experiences [6]. - The company owns several major properties, including Gaylord Opryland Resort & Convention Center and JW Marriott San Antonio Hill Country Resort & Spa, totaling 11,414 rooms and over 3 million square feet of meeting space [6].
Ryman Hospitality Properties, Inc. Declares Second Quarter Dividend
Globenewswire· 2025-05-09 12:00
Core Viewpoint - Ryman Hospitality Properties has declared a second quarter cash dividend of $1.15 per share, to be paid on July 15, 2025, to stockholders of record as of June 30, 2025 [1] Group 1: Company Overview - Ryman Hospitality Properties, Inc. is a leading lodging and hospitality real estate investment trust (REIT) specializing in upscale convention center resorts and entertainment experiences [2] - The company owns five of the top seven largest non-gaming convention center hotels in the U.S., including Gaylord Opryland Resort & Convention Center and Gaylord Palms Resort & Convention Center, with a total of 11,414 rooms and over 3 million square feet of meeting space [2] - Ryman Hospitality Properties has a 70% controlling interest in Opry Entertainment Group, which includes iconic country music brands and various entertainment venues [2]
Ryman Hospitality Properties, Inc. Provides Updated Investor Presentation
Globenewswire· 2025-05-05 12:00
Core Viewpoint - Ryman Hospitality Properties, Inc. is a leading lodging and hospitality real estate investment trust focusing on upscale convention center resorts and country music entertainment experiences, recently updating its investor presentation [1]. Company Overview - Ryman Hospitality Properties, Inc. specializes in upscale convention center resorts and entertainment experiences, owning five of the top seven largest non-gaming convention center hotels in the U.S. based on total indoor meeting space [2]. - The company's hotel portfolio includes 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, totaling 11,414 rooms and over 3 million square feet of meeting space [2]. - Ryman Hospitality Properties also holds a 70% controlling interest in Opry Entertainment Group, which includes iconic country music brands and various entertainment venues [2].