Ryman Hospitality Properties, Inc. Announces Pricing of Common Stock Offering
Rhea-AI Summary
Ryman Hospitality Properties (NYSE: RHP) priced a registered underwritten public offering of 5,100,000 common shares at $117.00 per share, with a 30‑day underwriters’ option for up to 765,000 additional shares. Closing is expected on August 12, 2026, subject to customary conditions.
According to Ryman Hospitality Properties, net proceeds will be contributed to RHP Hotel Properties, LP and used to fund a portion of the approximately $1.38 billion purchase price and related fees for the pending Grande Lakes Acquisition in Orlando. The balance will be funded with cash and/or debt. The offering will close before, and is not contingent upon, completion of the acquisition.
Positive
- Common stock offering of 5,100,000 shares at $117 per share
- Underwriters’ 30‑day option for up to 765,000 additional shares
- Equity proceeds earmarked to fund part of $1.38 billion Grande Lakes Acquisition
- Balance of acquisition price to be funded with cash on hand and debt, diversifying sources
Negative
- New equity issuance of up to 5.865 million shares increases share count and dilutes ownership
- Portion of the $1.38 billion acquisition price may require additional debt financing
News Explained
The offering is priced but expected to close on August 12, 2026; completion would issue
Key Figures
Previous Offering Reports
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Feb 25 | Senior notes offering | Negative | -1.5% | Proposed senior notes offering to refinance notes due 2027 |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
RHP's tag-specific offering history showed a negative 24-hour move.
Key Terms
underwritten registered public offering financial
shelf registration statement regulatory
form s-3 regulatory
prospectus supplement regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
NASHVILLE, Tenn., Aug. 10, 2026 (GLOBE NEWSWIRE) -- Ryman Hospitality Properties, Inc. (NYSE: RHP) (the “Company”) today announced the pricing of its previously announced underwritten registered public offering of 5,100,000 shares of its common stock, par value
The Company expects to contribute the net proceeds of the Offering to RHP Hotel Properties, LP (the “Operating Partnership”). The Operating Partnership subsequently intends to use all of the net proceeds of the Offering to fund a portion of the approximately
BofA Securities, J.P. Morgan, Morgan Stanley and Wells Fargo Securities are acting as joint book-running managers for the Offering, and Deutsche Bank Securities, BTIG, Credit Agricole CIB, Scotiabank, SMBC Nikko and Raymond James are acting as bookrunners for the Offering.
The Offering is being conducted pursuant to the Company’s shelf registration statement on Form S-3 (File No. 333-298164), which automatically became effective upon filing with the U.S. Securities and Exchange Commission (the “SEC”) on August 10, 2026. The Offering is being made solely by means of a prospectus supplement and an accompanying base prospectus. The final prospectus supplement and accompanying base prospectus will be filed with the SEC and will be available on the SEC’s website at www.sec.gov. When available, copies of the final prospectus supplement and accompanying base prospectus relating to, and describing the terms of, the Offering may also be obtained from (1) BofA Securities, NC1-022-02-25, 201 North Tryon Street, Charlotte, NC 28255-0001, Attention: Prospectus Department or by email at dg.prospectus_requests@bofa.com; (2) J.P. Morgan Securities LLC, c/o: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by email at prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com, (3) Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014 or (4) Wells Fargo Securities, LLC, 90 South 7th Street, 5th Floor, Minneapolis, MN 55402, at 800-645-3751 (option #5) or email a request to WFScustomerservice@wellsfargo.com.
This press release shall not constitute an offer to sell or the solicitation of any offer to buy any securities, nor shall there be any offer, solicitation or sale of any securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
About Ryman Hospitality Properties, Inc.
Ryman Hospitality Properties, Inc. (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in group-oriented, upscale convention center resorts and entertainment experiences. The Company’s holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space. The Company also owns JW Marriott Phoenix Desert Ridge Resort & Spa and JW Marriott San Antonio Hill Country Resort & Spa as well as two ancillary hotels adjacent to our Gaylord Hotels properties. The Company’s hotel portfolio is managed by Marriott International and includes a combined total of 12,364 rooms as well as more than 3 million square feet of total indoor and outdoor meeting space in top convention and leisure destinations across the country. The Company also owns an approximate
Cautionary Note Regarding Forward-Looking Statements
This press release contains statements as to the Company’s beliefs and expectations of the outcome of future events that are “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. You can identify these statements by the fact that they do not relate strictly to historical or current facts. Examples of these statements include, but are not limited to, statements regarding the pending Grande Lakes Acquisition and the intended use of the net proceeds of the Offering by the Company. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the statements made. These include the risks and uncertainties associated with the pending Grande Lakes Acquisition and the Offering including, but not limited to, the occurrence of any event, change or other circumstance that could delay the closing of the Grande Lakes Acquisition or the Offering, or result in the termination of the Offering or the transaction agreement for the Grande Lakes Acquisition; and adverse effects on the Company’s common stock because of the failure to complete the Grande Lakes Acquisition or the Offering. Other factors that could cause actual results to differ from the Company’s beliefs and expectations are described in the filings made from time to time by the Company with the SEC and include the risk factors and other risks and uncertainties described in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, the Company’s Quarterly Reports on Form 10-Q for the quarterly periods ended March 31, 2026 and June 30, 2026, and subsequent filings, including the Current Report on Form 8-K filed on August 10, 2026. Except as required by law, the Company does not undertake any obligation to release publicly any revisions to forward-looking statements made by it to reflect events or circumstances occurring after the date hereof or the occurrence of unanticipated events.
| Investor Relations Contacts: | Media Contact: |
| Mark Fioravanti, President and Chief Executive Officer | Shannon Sullivan, Vice President Corporate and Brand Communications |
| Ryman Hospitality Properties, Inc. | Ryman Hospitality Properties, Inc. |
| (615) 316-6588 | (615) 316-6725 |
| mfioravanti@rymanhp.com | ssullivan@rymanhp.com |
| ~or~ | |
| Jennifer Hutcheson, Chief Financial Officer | |
| Ryman Hospitality Properties, Inc. | |
| (615) 316-6320 | |
| jhutcheson@rymanhp.com | |
| ~or~ | |
| Sarah Martin, Vice President, Investor Relations | |
| Ryman Hospitality Properties, Inc. | |
| (615) 316-6011 | |
| sarah.martin@rymanhp.com | |
