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.
NASHVILLE, Tenn., May 23, 2022 (GLOBE NEWSWIRE) -- Ryman Hospitality Properties (NYSE: RHP), a leading lodging and hospitality REIT, will present at the Gabelli Funds 14th Annual Broadcast & Entertainment Symposium on June 2, at 11:30 a.m. ET in New York. CEO Colin Reed and Opry Entertainment Group President Scott Bailey will join a fireside chat, with Todd Siefert from corporate finance also attending. The event will be webcasted live, with a replay available for 90 days. RHP specializes in upscale convention centers and country music experiences, operating multiple properties including Gaylord Hotels.
Ryman Hospitality Properties (RHP) reported a net loss of $(24.6) million for Q1 2022, significantly improved from the $(104.5) million loss in Q1 2021. Total revenue rose to $299.1 million, a 255.4% increase year-over-year. Occupancy rates rebounded to 63.3% in March, up from 32.8% in January. Strong average daily rate (ADR) growth was observed, reaching $229.17, a 21.0% increase from Q1 2021. The company anticipates Q2 2022 net income between $28.5 and $32.0 million and full-year 2022 net income ranging from $60.0 to $75.0 million, driven by ongoing recovery in group travel and leisure demand.
Ryman Hospitality Properties (NYSE: RHP) has announced the scheduling of its first quarter 2022 earnings release, set for May 2, 2022, after market closure. The management's conference call to discuss the results will occur at 9:00 a.m. ET on May 3, 2022, adjusted from a previously stated time of 10:00 a.m. ET. This lodging REIT specializes in group-oriented hotel assets and operates under the Gaylord Hotels brand, with properties managed by Marriott International.
Ryman Hospitality Properties (NYSE: RHP) announces a partnership with Atairos and NBCUniversal, acquiring a 30% stake in its subsidiary, Opry Entertainment Group (OEG), valued at $1.415 billion. Atairos will invest approximately $278 million, while NBCUniversal will contribute around $15 million. An additional $30 million investment is contingent on performance targets, potentially raising OEG's value to $1.515 billion. RHP will maintain a 70% ownership of OEG and expects to generate about $593 million from the deal, reducing leverage and enhancing financial flexibility.
Ryman Hospitality Properties, Inc. (NYSE: RHP) will announce its first quarter 2022 earnings after market close on May 2, 2022. A conference call to discuss the results is scheduled for May 3, 2022, at 10:00 a.m. ET. The company, known for its group-oriented, destination hotel assets, operates five major convention center hotels under the Gaylord Hotels brand. These venues, managed by Marriott International, highlight RHP's leadership in the hospitality sector.
The closing of Ryman Hospitality Properties' acquisition of Block 21 from Stratus Properties has been postponed to before June 1, 2022, due to pending approvals related to the property's existing mortgage loan. This mixed-use development in Austin includes the W Austin Hotel and entertainment space, and the sale is contingent upon several conditions, including consent from the loan servicers and hotel operators, and the absence of material adverse effects. The acquisition remains significant for Ryman's portfolio in upscale hospitality.
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.