Ryman Hospitality Properties, Inc. reports news as a lodging and hospitality real estate investment trust focused on group-oriented destination hotel assets, upscale convention center resorts, and entertainment experiences. Its updates commonly cover Hospitality segment performance, resort operating metrics, bookings for future room nights, RevPAR and Total RevPAR, and results from properties associated with the Gaylord Hotels and JW Marriott brands.
RHP news also includes dividend declarations, earnings calls, investor presentations, credit facility activity, senior unsecured notes, and developments tied to Opry Entertainment Group and other entertainment assets. Coverage reflects the company’s REIT structure, capital markets activity, and recurring disclosures around its hospitality and entertainment segments.
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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.