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Ryman Hospitality Properties Inc - RHP STOCK NEWS

Welcome to our dedicated news page for Ryman Hospitality Properties (Ticker: RHP), a resource for investors and traders seeking the latest updates and insights on Ryman Hospitality Properties.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Ryman Hospitality Properties's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Ryman Hospitality Properties's position in the market.

Rhea-AI Summary
Ryman Hospitality Properties, Inc. has completed the acquisition of the JW Marriott San Antonio Hill Country Resort & Spa from Blackstone Real Estate Income Trust, Inc. for approximately $800 million. The resort features 1,002 rooms and extensive meeting and event space, as well as a spa, dining outlets, and golf courses.
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Rhea-AI Summary
Ryman Hospitality Properties, Inc. will release its Q2 2023 earnings results on August 3, 2023. A conference call to discuss the results will be held on August 4, 2023. The call will be available for replay until August 11, 2023. The webcast can be accessed at Ryman Hospitality Properties' Investor Relations website.
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Ryman Hospitality Properties, Inc. announces private placement of senior notes due 2028 and underwritten public offering of common stock to fund acquisition of JW Marriott San Antonio Hill Country Resort & Spa.
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Rhea-AI Summary
Ryman Hospitality Properties, Inc. has announced a public offering of 3,500,000 shares of common stock to fund the acquisition of JW Marriott San Antonio Hill Country Resort & Spa. The offering is subject to market conditions and is being conducted through BofA Securities and J.P. Morgan as joint book-running managers.
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Rhea-AI Summary
Ryman Hospitality Properties is set to acquire the JW Marriott San Antonio Hill Country Resort & Spa for $800 million from Blackstone Real Estate Income Trust. The acquisition price represents a Trailing Twelve Months Adjusted EBITDAre multiple of approximately 12.6x. The resort is located in an attractive and growing market with no emerging competitive supply and will complement Ryman's existing Gaylord Hotels portfolio. The addition of the JW Marriott Hill Country to Ryman's portfolio will provide ownership of two of the top group-focused assets in Texas. The acquisition is expected to be accretive to Ryman's adjusted funds from operation per share in the first full year of ownership. The deal is expected to close in the second or third quarter of 2023.
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Ryman Hospitality Properties Inc

NYSE:RHP

RHP Rankings

RHP Stock Data

6.65B
57.90M
3.03%
97.38%
1.63%
Hotels (except Casino Hotels) and Motels
Accommodation and Food Services
Link
US
Nashville

About RHP

in october of 2012, gaylord entertainment company sold the gaylord hotels brand and the rights to manage its four resort and convention center hotels to marriott international. marriott international also manages the inn at opryland, general jackson show boat, gaylord springs golf links and wildhorse saloon. after completing the sale, gaylord entertainment merged with and into its wholly-owned subsidiary, ryman hospitality properties, inc., a real estate investment trust that trades on the nyse under the ticker symbol rhp. ryman hospitality properties continues to own these assets and also owns and operates the grand ole opry, ryman auditorium and wsm-am. visit rymanhp.com/careers for employment opportunities with ryman hp, grand ole opry, wsm and ryman auditorium. for the latest career opportunities at gaylord hotels nationwide, visit the marriott international and gaylord hotels linkedin pages.