Ryman Hospitality Pptys Inc Stock Price, News & Analysis

Ryman Hospitality Properties (NYSE: RHP) has announced a public offering of 2,300,000 shares of common stock, with an additional 30-day option for underwriters to purchase up to 345,000 shares. The net proceeds will primarily fund the $865 million acquisition of the JW Marriott Phoenix Desert Ridge Resort & Spa in Phoenix, Arizona.

The remaining acquisition costs will be covered through a combination of cash on hand and debt financing. Morgan Stanley, BofA Securities, J.P. Morgan, and Wells Fargo Securities are serving as joint book-running managers for the offering. The offering will proceed regardless of the Desert Ridge acquisition's completion, with proceeds redirecting to general corporate purposes if the acquisition falls through.

Trinity Investments has announced the sale of JW Marriott Phoenix Desert Ridge Resort & Spa to Ryman Hospitality Properties (NYSE: RHP) for $865 million. The transaction represents a significant return on investment, as Trinity originally acquired the property for $602 million in 2019. The 950-room hotel, Phoenix's largest resort, underwent a $100 million renovation in 2023 that included lobby updates, guest room redesigns, a new water park complex, and two new dining venues. The property, recently ranked among Phoenix's best hotels by U.S. News & World Report, is expected to change hands in Q2 or Q3 2025.

Ryman Hospitality Properties (NYSE: RHP) has announced a definitive agreement to acquire the JW Marriott Phoenix Desert Ridge Resort & Spa for $865 million. The property will continue to operate under Marriott International's JW Marriott flag. The purchase price represents a 12.7x Adjusted EBITDAre multiple on the property's 2024 results.

The resort, situated on 402 acres in Arizona's Sonoran Desert, features 950 guest rooms and 243,000 square feet of meeting space. Recent upgrades include nearly $100 million in capital investments, covering room renovations, lobby enhancement, and water amenity upgrades. The property boasts the 28,000-square-foot Revive Spa, seven dining outlets, the AquaRidge water amenity, and two golf courses.

The transaction is expected to close in Q2 or Q3 2025 and become accretive to adjusted FFO per share by 2026. The acquisition expands RHP's Western U.S. presence in Phoenix, a top 10 North American meetings market.

Ryman Hospitality Properties (NYSE: RHP), a leading lodging and hospitality REIT focused on upscale convention center resorts and country music entertainment, has announced its participation in the 2025 REITweek Conference in New York. Mark Fioravanti, President and CEO, will join an analyst-led roundtable discussion on Wednesday, June 4, at 11:45 a.m. ET. CFO Jennifer Hutcheson and VP of Investor Relations Sarah Martin will also attend.

The presentation will be available via webcast on RHP's investor relations website, with a 30-day replay option available. Interested parties should register at least 15 minutes before the presentation to ensure proper setup.

Ryman Hospitality Properties (NYSE: RHP) has declared a quarterly cash dividend of $1.15 per share for the second quarter of 2025. The dividend will be paid on July 15, 2025, to shareholders who are recorded as stockholders as of June 30, 2025. This dividend declaration comes as part of the company's regular quarterly dividend distribution program.

Ryman Hospitality Properties (NYSE: RHP), a specialized REIT focusing on upscale convention center resorts and country music entertainment experiences, has announced the release of an updated investor presentation. The presentation is now available for viewing in the Events & Presentations section of the company's Investor Relations website.

Ryman Hospitality Properties (NYSE: RHP) reported strong Q1 2025 financial results with record-breaking performance. The company achieved consolidated revenue of $587.3M, with Hospitality segment revenue of $497.7M and Entertainment segment revenue of $89.6M. Net income reached $63.0M, up 47.4% YoY. The company booked over 363,000 Gross Definite Room Nights at a record ADR of $284. Key metrics showed improvement with RevPAR growing 10.2% and Total RevPAR up 9.1%. However, due to macroeconomic uncertainty affecting near-term meeting planner decisions, RHP lowered its full-year outlook for Hospitality RevPAR and Total RevPAR growth while maintaining its consolidated net income and Adjusted EBITDAre guidance.

Kohl's (NYSE: KSS) has announced an immediate CEO transition, with Michael Bender appointed as Interim CEO following the termination of Ashley Buchanan for cause. The termination resulted from an investigation that revealed Buchanan violated company policies through undisclosed conflicts of interest in vendor transactions. The Board emphasized that the termination was unrelated to company performance or financial reporting. Bender, who has served as a Board Director since 2019 and Board Chair since 2024, brings over 30 years of retail leadership experience. The company also released preliminary Q1 2025 expectations, projecting comparable sales decline of -4.3% to -4.0%, operating income of $40-45 million, and diluted EPS ranging from ($0.24) to ($0.20). Kohl's operates over 1,100 stores nationwide, serving more than 60 million customers.

Ryman Hospitality Properties (NYSE: RHP), a leading lodging and hospitality REIT focused on upscale convention center resorts and entertainment experiences, has scheduled its first quarter 2025 earnings announcement. The company will release its Q1 2025 results after market close on Thursday, May 1, 2025, followed by a conference call on Friday, May 2, 2025 at 12:00 p.m. ET.

Investors can participate in the conference call by dialing 800-274-8461 using conference ID: RHPQ125. A replay will be available through May 9, 2025, via 800-934-3032. The call will also be webcast on the company's investor relations website.