Profile: Ryman Hospitality Properties Inc (RHP)
24 May 2019
Ryman Hospitality Properties, Inc., incorporated on June 21, 2012, is a self-advised and self-administered real estate investment trust (REIT). The Company focuses on group-oriented, destination hotel assets in urban and resort markets. The Company's segments include Hospitality, which includes its hotel properties and the results of hotel operations; Entertainment, which includes its Grand Ole Opry assets, WSM-AM and its Nashville assets, and Corporate and Other, which includes corporate expenses. As of December 31, 2016, its assets include a network of four upscale, meetings-focused resorts totaling 7,811 rooms that are managed by lodging operator Marriott International, Inc. (Marriott) under the Gaylord Hotels brand.
The Company's Hospitality segment consists of Gaylord Opryland, which comprises Gaylord Opryland Resort & Convention Center in Nashville, Tennessee; Gaylord National, which comprises the Gaylord National Resort & Convention Center near Washington, District of Columbia; Gaylord Palms, which comprises the Gaylord Palms Resort & Convention Center near Orlando, Florida; Gaylord Texan, which comprises the Gaylord Texan Resort & Convention Center near Dallas, Texas; Inn at Opryland, and the AC Hotel. The Company owns its Opryland complex in Nashville, Tennessee, which includes the site of Gaylord Opryland. As of December 31, 2016, it also owned the approximately six-acre site of the Inn at Opryland, which was located near the Opryland complex. It has leased a 65-acre tract in Osceola County, Florida, on which the Gaylord Palms is located. As of December 31, 2016, it held approximately 85 acres in Grapevine, Texas, through ownership of approximately 75 acres and ground lease of approximately 10 acres, on which the Gaylord Texan is located. As of December 31, 2016, it also owned an additional approximately 40 acres of property adjacent to the Gaylord Texan. As of December 31, 2016, it owned approximately 42 acres on the Potomac River in Prince George's County, Maryland, on which the Gaylord National is located. As of December 31, 2016, the Gaylord Opryland had 2,888 signature guest rooms, four ballrooms with approximately 127,000 square feet, 111 banquet/meeting rooms, and total meeting, exhibit and pre-function space of approximately 640,000 square feet.
The Company owns the General Jackson's docking facility, the Grand Ole Opry House and WSM Radio's offices and studios, each of which are located within the Opryland complex. It also owns Gaylord Springs, an 18-hole golf course situated on over 200 acres, which is located near the Opryland complex. In downtown Nashville, it owns the Ryman Auditorium and the Wildhorse Saloon dance hall and production facility. Its taxable REIT subsidiaries' (TRSs) lessees have engaged Marriott to manage the day-to-day operations of the General Jackson Showboat, Gaylord Springs and the Wildhorse Saloon.
Ryman Hospitality Properties Inc
1 Gaylord Dr
NASHVILLE TN 37214-1207