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) reported third quarter 2020 results, showing a drastic revenue decline of 81.5% to $70.2 million compared to $379.8 million in Q3 2019. The net loss available to common shareholders widened to $117.7 million, resulting in a loss per diluted share of $2.14. Despite challenges, advanced room bookings were approximately 669,000, with 24% unrelated to rebookings. Average monthly cash burn decreased to $22.7 million, indicating improved liquidity with about 30 months of funds remaining. The Entertainment segment showed signs of recovery, signaling potential future growth.
Ryman Hospitality Properties, Inc. (NYSE: RHP) announced it will release its third quarter 2020 earnings results on November 3, 2020, prior to market opening. Management will host a conference call at 10:00 a.m. ET to discuss the results. The call can be accessed at 973-935-8756 with conference ID 5678843 and will be available for replay until December 3, 2020. Ryman specializes in group-oriented, destination hotel assets, operating notable properties under the Gaylord Hotels brand.
On September 24, 2020, Ryman Hospitality Properties (NYSE: RHP) announced Nashville's Phase 3 reopening plan, effective October 1, permitting group events of up to 500 attendees with health department approval. CEO Colin Reed expressed optimism about the expanded capacities enabling more conventions at Gaylord Opryland. The Gaylord Hotels can now accommodate various group sizes, reflecting a growing demand for in-person events.
This reopening aligns with the Grand Ole Opry's 95th anniversary celebration, planning to host 500 attendees for performances, marking a significant step in recovery for the hospitality sector.
Ryman Hospitality Properties (NYSE: RHP) presented a business update ahead of upcoming investor conferences, including the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum and the Bank of America Global Real Estate Conference. The company will feature key executives in virtual presentations to engage with investors. Ryman specializes in upscale convention center resorts and entertainment, operating under the Gaylord Hotels brand. The company emphasizes its commitment to navigating the impacts of COVID-19 on the hospitality industry.
NASHVILLE, Tenn., Sept. 02, 2020 (GLOBE NEWSWIRE) -- Ryman Hospitality Properties (NYSE: RHP) announced its participation in the J.P. Morgan Gaming, Lodging, Restaurant & Leisure Management Access Forum on September 14, at 2:10 p.m. ET. The event will feature Colin Reed, CEO, in an analyst-led fireside chat, along with Mark Fioravanti and Todd Siefert. The presentation will be webcast live and available for replay on the company's website within 24 hours, accessible for 30 days.
Ryman Hospitality Properties, Inc. (NYSE: RHP) will announce its second quarter 2020 earnings on August 4, 2020, before market opening. A conference call for discussion will occur at 10:00 a.m. ET, with access available by phone or via webcast on the company's Investor Relations website. RHP specializes in destination hotel assets and owns several major convention center resorts under the Gaylord Hotels brand. The company has faced challenges due to COVID-19, which may impact results, demand, and operations.
Ryman Hospitality Properties, Inc. (NYSE: RHP) announced the re-opening of its Gaylord Hotels with enhanced safety measures. Gaylord Texan achieved 20% occupancy in its first 15 days, with an average daily rate of $190. The company has rebooked about 457,000 group room nights, translating to $208 million in revenue. Despite the positive initial response, uncertainties remain regarding group demand, particularly affecting Gaylord National's reopening. The company is confident in its liquidity to navigate ongoing challenges presented by COVID-19.
Ryman Hospitality Properties (NYSE: RHP) provided a business update ahead of the 2020 REITweek Virtual Investor Conference and the Gabelli Entertainment & Broadcasting Conference. Notable participants include CEO Colin Reed and CFO Mark Fioravanti. Both moderated discussions will be webcast; the presentations are scheduled for June 3 and June 4, at 10:10 a.m. ET and 9:30 a.m. ET, respectively. Ryman specializes in upscale convention center resorts and country music entertainment, holding networks of top hotels and attractions across the U.S., notably the Gaylord Hotels brand, managed by Marriott International.
On May 22, 2020, Ryman Hospitality Properties (NYSE: RHP) announced the termination of its agreement to purchase the Block 21 mixed-use development in Austin, Texas. CEO Colin Reed stated that the decision was made in light of the current economic environment due to the COVID-19 pandemic, which prompted the company to prioritize shareholder interests. Consequently, RHP will forfeit a nonrefundable deposit of $15 million paid to Stratus Properties as part of the agreement made in December 2019.
Ryman Hospitality Properties (NYSE: RHP) has partnered with Vanderbilt University Medical Center (VUMC) for wellness advisory as it reopens its businesses amidst COVID-19. VUMC will assist in implementing health and safety protocols across RHP's entertainment and hotel operations. A steering committee from both organizations will oversee safety measures, ensuring best practices in infection prevention. RHP is gradually reopening its entertainment assets since May and Gaylord Hotels starting mid-to-late June. This collaboration is aimed at enhancing safety measures and restoring stakeholder confidence.