Welcome to our dedicated page for Ryman Hospitality Pptys news (Ticker: RHP), a resource for investors and traders seeking the latest updates and insights on Ryman Hospitality Pptys stock.
Ryman Hospitality Properties, Inc. (NYSE: RHP) generates frequent news as a lodging and hospitality REIT focused on upscale convention center resorts and entertainment experiences. Company updates often center on performance in its Hospitality and Entertainment segments, portfolio activity, and capital allocation decisions.
Investors following RHP news can expect regular coverage of quarterly and annual financial results, where the company reports revenue, net income, Adjusted EBITDAre, Funds From Operations (FFO), and detailed hospitality operating metrics such as occupancy, average daily rate (ADR), RevPAR, and group room nights booked. Earnings releases are typically paired with conference call announcements that outline how group-oriented, destination hotel assets in urban and resort markets are performing.
Ryman’s news flow also includes dividend declarations, documented in both press releases and Form 8-K filings, which specify quarterly cash dividends per common share and corresponding distributions on operating partnership units. These announcements are important for income-focused investors tracking the company’s REIT distribution profile.
Another key category of RHP news involves portfolio developments and transactions. Recent examples include the closing of the acquisition of the JW Marriott Phoenix Desert Ridge Resort & Spa, as well as updates on renovations and capital projects at Gaylord-branded properties and other resorts. In the Entertainment segment, news may highlight initiatives within Opry Entertainment Group, such as plans for new Category 10 locations or other country music and live entertainment projects.
Governance and leadership items, including changes to the Board of Directors and related 8-K disclosures, also appear in the company’s news stream. For a complete picture of RHP’s evolving business, investors often review both press releases and SEC-reported events. Bookmark this page to access a consolidated feed of Ryman Hospitality Properties news, from earnings and dividends to acquisitions and entertainment ventures.
Ryman Hospitality Properties (NYSE: RHP) announced its Q4 2021 financial results, showcasing a net loss of $(6.0) million, a 30% improvement from Q3 2021. Q4 consolidated Adjusted EBITDAre stood at $85.6 million driven by robust leisure occupancy, despite group cancellations due to COVID-19 variants. The Hospitality segment reported a 53% occupancy rate and strong ADR of $246.96, up 17.7% YoY. Full-year revenue rose to $939.4 million, a 79% increase, while operating loss decreased significantly. The company is set to acquire Block 21 by Q1 2022, enhancing its growth potential.
Ryman Hospitality Properties (NYSE: RHP) announced its presentation at the 2022 Citi Global Property CEO Conference on March 7 at 9 a.m. ET. Colin Reed, CEO, will engage in a roundtable discussion led by a Citi research analyst. The presentation will be available via webcast on the company's website, with a replay accessible for one year post-event. Ryman specializes in group-oriented destination hotels, managing five of the top 10 largest non-gaming convention center hotels across the U.S., totaling over 10,400 rooms and 2.7 million square feet of meeting space.
Ryman Hospitality Properties (NYSE: RHP) will present at the Raymond James & Associates’ 43rd Annual Institutional Investors Conference on March 7, 2022, at 4 p.m. ET. President & CFO Mark Fioravanti will discuss the company's financial performance and business strategy. The presentation will be available via webcast on Ryman's website, with a replay accessible for 30 days post-event. Ryman specializes in upscale lodging and entertainment, featuring a network of major convention resorts and iconic brands like the Grand Ole Opry.
Ryman Hospitality Properties (NYSE: RHP) has announced an extension of the closing date for its acquisition of Block 21 in Austin, Texas. The delay is due to the ongoing process of obtaining consent for the assumption of the property’s existing mortgage loan. The acquisition is now expected to close in Q1 2022, pending various conditions including lender and operator approvals. RHP focuses on upscale lodging and entertainment venues, managing notable properties like Gaylord resorts and the Grand Ole Opry.
Ryman Hospitality Properties (NYSE: RHP) announced that it will release its fourth quarter 2021 earnings results after market close on February 24, 2022. A conference call to discuss the results is scheduled for 10:00 a.m. ET on February 25, 2022. The call will be accessible via phone and webcast on their Investor Relations website. Ryman focuses on upscale convention center resorts and operates under the Gaylord Hotels brand, managing a total of 10,412 rooms across key leisure destinations.
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.
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