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 (RHP) operates at the intersection of premium hospitality and iconic entertainment, making its news coverage essential for tracking both real estate and cultural developments. This page serves as your definitive source for verified updates about this unique REIT, combining convention resort operations with legendary country music venues.
Investors and industry observers will find comprehensive coverage of earnings announcements, strategic acquisitions, and entertainment venue developments. All content is curated from primary sources including official press releases and regulatory filings, ensuring reliability for financial decision-making.
The news collection specifically focuses on RHP's dual operational pillars: upscale convention resorts in key markets and landmark entertainment properties that drive cultural tourism. Updates span operational milestones, leadership changes, and event programming that impacts both hospitality revenues and brand equity.
For consistent access to Ryman Hospitality's evolving story, consider bookmarking this page. Return regularly to monitor how their integrated model of luxury accommodations and live entertainment experiences shapes performance in the REIT sector.
Ryman Hospitality Properties (NYSE: RHP) announced a $131 million expansion at its flagship Gaylord Opryland Resort & Convention Center in Nashville. The project will add approximately 108,000 square feet of premium, carpeted meeting space, including a 31,000-square-foot ballroom, 38,000 square feet of breakout space, and 39,000 square feet of pre-function space.
The expansion, set to complete by Spring 2027, will increase Gaylord Opryland's total exhibit and meeting space to approximately 756,000 square feet, maintaining its position as the largest non-gaming hotel by exhibit and meeting space in the United States. This project is part of a larger transformation plan that includes: a $17 million Governor's ballroom renovation, a $36 million Presidential ballroom renovation, and a $40 million new sports bar development with event spaces.
Ryman Hospitality Properties (NYSE: RHP) subsidiary Opry Entertainment Group (OEG) has acquired a majority stake in Southern Entertainment, a Charlotte-based live events and production company. Southern Entertainment's portfolio includes major country music festivals such as Carolina Country Music Fest, Barefoot Country Music Fest, and several others across multiple states.
Southern Entertainment, founded in 2015 by Bob Durkin and Rob Pedlow, will integrate OEG's artist development programs into their flagship festivals. The co-founders will continue leading the business post-acquisition. The partnership aims to expand festival reach and create new artist-centered experiences.
The acquisition strengthens OEG's position in live events and provides access to a complementary fan base. Southern Entertainment's financial results will be consolidated within Ryman's Entertainment segment.
Ryman Hospitality Properties (NYSE:RHP) has rescheduled its fourth quarter 2024 earnings conference call to 11:00 a.m. ET on Friday, February 21, 2025, one hour later than previously announced. The company will release its Q4 2024 earnings results after market close on Thursday, February 20, 2025. Investors can participate in the conference call by dialing 800-445-7795 using conference ID: RHPQ424. A replay will be available through February 28, 2025, by dialing 800-723-1517. The call will also be webcast on the company's investor relations website.
Ryman Hospitality Properties (NYSE: RHP), a lodging and hospitality REIT focused on upscale convention center resorts and entertainment experiences, has scheduled its Q4 2024 earnings release for Thursday, February 20, 2025, after market close. The company will host a conference call to discuss results on Friday, February 21, 2025, at 10:00 a.m. ET. Investors can participate by dialing 800-445-7795 using conference ID: RHPQ424. A replay will be available through February 28, 2025, via 800-723-1517. The call will also be webcast on the company's investor relations website.
Ryman Hospitality Properties (RHP) reported record Q3 2024 results with net income of $60.4 million and consolidated revenue of $550.0 million. The company achieved record third quarter same-store Hospitality operating income of $92.8 million and Adjusted EBITDAre of $142.0 million. During Q3, RHP booked over 581,000 same-store room nights at an ADR of $282, up 5.2% YoY. However, the company revised its 2024 guidance lower due to leisure transient softness in Nashville and Orlando, Hurricane Milton disruption, and capital investment projects. The quarterly dividend was increased by 4.5% to $1.15 per share.
Ryman Hospitality Properties, Inc. (NYSE: RHP), a prominent lodging and hospitality real estate investment trust, has released an updated investor presentation prior to its participation in the Bank of America Securities 2024 Global Real Estate Conference. The company, which specializes in upscale convention center resorts and entertainment experiences, has made the presentation available on the Investor Relations section of its website under Events & Presentations. This update provides investors with the latest information about Ryman's business strategy, performance, and outlook ahead of the significant industry event.
Ryman Hospitality Properties (NYSE: RHP), a leading lodging and hospitality REIT specializing in upscale convention center resorts and entertainment experiences, has announced its third quarter 2024 earnings conference call. The call is scheduled for Tuesday, November 5, 2024, at 11:00 a.m. ET. The company will release its Q3 2024 earnings results after market close on Monday, November 4, 2024.
To participate in the conference call, investors can dial 800-267-6316 using conference ID: RHPQ324. A replay will be available through November 12, 2024, by dialing 800-839-5685. The call will also be webcast on Ryman Hospitality Properties' Investor Relations website at http://ir.rymanhp.com.
Ryman Hospitality Properties (NYSE: RHP) has declared a third quarter cash dividend of $1.10 per share, payable on October 15, 2024, to stockholders of record as of September 30, 2024. The company has also corrected its methodology for calculating FFO and adjusted FFO per diluted share, resulting in slightly higher figures for affected periods. This correction does not impact GAAP reporting or previously reported FFO and adjusted FFO figures. The new methodology will be used for future announcements and is expected to result in a slightly higher calculation for full year 2024 adjusted FFO per diluted share guidance. The correction involves additional adjustments related to the proportional FFO or adjusted FFO attributable to the noncontrolling interest in the consolidated joint venture.
Ryman Hospitality Properties (NYSE: RHP) reported record financial results for Q2 2024.
Key highlights include:
- Net income: $104.7 million, up 49.3% YoY.
- Revenue: $613.3 million, up 21.5% YoY.
- Operating income: $168.1 million, up 37.5% YoY.
- Adjusted EBITDAre: $233.2 million, up 33.5% YoY.
- Significant tax refunds of $9.1 million from Tennessee franchise tax law amendment.
- Refinanced Opry Entertainment Group’s term loan and revolving credit facility, extending maturity dates by two years.
- Record bookings of 781,000 same-store Gross Definite Room Nights for future years.
Guidance for 2024 has been raised for net income, operating income, Adjusted EBITDAre, and adjusted funds from operations (AFFO), primarily due to tax refund benefits and interest expense savings from refinancing.
Ryman Hospitality Properties (NYSE: RHP) reported record second quarter 2024 financial results. Key highlights include:
- Net income of $104.7 million, up 49.3% YoY.
- Record consolidated revenue of $613.3 million, a 21.5% increase YoY.
- Adjusted EBITDAre of $233.2 million, up 33.5% YoY.
The company booked over 781,000 same-store Gross Definite Room Nights at a record ADR of $284, a 7.3% increase from Q2 2023. It refinanced Opry Entertainment Group’s loans, saving on interest expenses. Guidance for 2024 was raised, reflecting tax savings and refinancing benefits, with projected net income between $284.3 million to $287.5 million and Adjusted EBITDAre between $775.5 million to $790.5 million.
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