Ryman Hospitality Pptys Inc Stock Price, News & Analysis

Opry Entertainment Group (OEG) has partnered with AXS, a leading ticketing provider, to enhance ticketing operations across OEG venues. This collaboration will streamline ticket purchasing for fans and improve access to events at iconic locations like the Grand Ole Opry and Ryman Auditorium. AXS will integrate its services, including AXS Mobile ID, allowing fans to manage their tickets securely. The partnership is expected to foster creative opportunities involving AEG and bolster OEG's operations.

Ryman Hospitality Properties (NYSE: RHP) reported a significant turnaround in Q3 2021, posting a net loss of $(8.6) million compared to $(63.0) million in the previous quarter, driven by a 79.6% revenue increase to $306.9 million. Adjusted EBITDAre reached $86.0 million with a margin of 28.0%. The company experienced strong group occupancy, servicing over 307,000 group room nights. Average Daily Rate (ADR) increased by 15% to nearly $217. The planned acquisition of Block 21 in Austin for approximately $260 million is expected to enhance its entertainment portfolio.

Ryman Hospitality Properties has announced the acquisition of Block 21, a notable mixed-use complex in downtown Austin, for $260 million. This purchase includes the assumption of $138 million in existing mortgage debt, along with receiving $11 million in cash reserves. The acquisition, expected to close by the end of Q4 2021, enhances Ryman's portfolio in a key entertainment market. The company has amended its credit agreement to facilitate this transaction, which aims to capitalize on Austin’s recovering hospitality industry and its potential for growth in music tourism.

Ryman Hospitality Properties (NYSE: RHP) has rescheduled its Q3 2021 earnings release to after market close on November 1, 2021, previously set for November 2. Management will hold a conference call on November 2 at 10:00 a.m. ET to discuss the results. Ryman specializes in group-oriented lodging assets, operating a network of convention center hotels and entertainment venues across the U.S. This adjustment allows stakeholders to prepare for the upcoming financial disclosures more effectively.

The Grand Ole Opry, the world's longest-running radio show, is set to celebrate its 5,000th Saturday night broadcast on October 30, 2021. The event will feature performances by Garth Brooks, Dustin Lynch, Darius Rucker, and Trisha Yearwood, among others. This milestone includes a month of celebrations, a limited-time exhibit, and two live shows streamed on Circle Network. The Opry has been continuously broadcasting since 1925, providing entertainment through historic challenges and remains a cornerstone of country music.

Ryman Hospitality Properties (NYSE: RHP) will release its third quarter 2021 earnings results on November 2, 2021, prior to market opening. A conference call to discuss these results is scheduled for the same day at 10:00 a.m. ET. Investors can participate by dialing 877-876-9176 and using conference ID: 7477321. Additionally, the call will be webcast and available for replay until November 9, 2021.

Ryman specializes in group-oriented hotel assets and manages a network of convention center resorts under the Gaylord Hotels brand.

Ryman Hospitality Properties, Inc. (NYSE: RHP) provided a business update, revealing its status as a leading lodging and hospitality REIT. The company operates five major Gaylord Hotels, boasting over 10,412 rooms and 2.7 million square feet of meeting space. Additionally, Ryman's entertainment segment includes renowned country music venues like the Grand Ole Opry. This strategic combination of hospitality and entertainment positions RHP as a key player in convention center resorts and country music experiences, enhancing its market presence and growth potential.

Ryman Hospitality Properties (NYSE:RHP) announced its participation in the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum in Las Vegas on September 13, 2021, at 3:45 p.m. PT. Todd Siefert, Senior Vice President and Treasurer, will engage in a fireside chat, while Jennifer Hutcheson, Executive Vice President and Corporate Controller, will also be present. The event will be webcast live on the company's website, with a replay available for 30 days afterward.

Ryman is a leading REIT focused on group-oriented hospitality assets, including five major convention center hotels.

PropertyGuru Group announces the appointment of Rachna Bhasin as an Independent Non-Executive Director, enhancing its governance with 50% independence on its board. Bhasin's extensive experience in technology and public company boards, including SSTK and RHP, is expected to support PropertyGuru's digital transformation and growth strategies. This move aligns with its plans for a public listing on the NYSE through a merger with BTNB. CEO Hari V. Krishnan expressed confidence in Bhasin's contributions to the company’s mission in Southeast Asia's property market.