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.
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.
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Ryman Hospitality Properties (NYSE: RHP) will release its first quarter 2020 earnings results before the market opens on Thursday, May 7, 2020. Management will hold a conference call at 1:00 p.m. ET on the same day (previously listed as 10:00 a.m. ET).
To join, dial 973-935-8756 and use conference ID 6554839. The replay is available through June 8, 2020 at 800-585-8367 with the same ID. The call is webcast at http://ir.rymanhp.com.
Ryman Hospitality Properties is a lodging REIT focused on upscale convention center resorts and country music entertainment brands, owning 10,110 rooms and more than 2.7 million square feet of meeting space across its Gaylord Hotels and related assets.