Ryman Hospitality Properties, Inc. Depositary Receipt (R1HP34)
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Ryman Hospitality Properties, Inc. Depositary Receipt Profile
| Hotel & Resort REITs Industry | Real Estate Sector | Mark Fioravanti CEO | B3 Exchange | - ISIN |
| US Country | 1,819 Employees | - Last Dividend | - Last Split | 24 Oct 1991 IPO Date |
Overview
Ryman Hospitality Properties, Inc. (RHP) is a prominent player in the lodging and hospitality real estate investment trust (REIT) sector, known for its upscale convention center resorts and entertainment offerings. Listed on the New York Stock Exchange under the ticker RHP, the company boasts a portfolio that includes some of the largest and most prestigious non-gaming convention center hotels in the United States. Apart from its focus on hospitality, RHP has a significant presence in the entertainment industry through its 70% controlling ownership interest in Opry Entertainment Group (OEG), which owns various country music and entertainment brands. RHP operates its hotels under the management of Marriott International, ensuring a standardized level of upscale accommodation and service across its properties.
Products and Services
- Lodging and Convention Centers
RHP's core business revolves around its collection of upscale convention center resorts. These include the 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. These resorts are among the top non-gaming convention center hotels in the US, renowned for their extensive indoor meeting spaces. Additionally, RHP owns the JW Marriott San Antonio Hill Country Resort & Spa and two ancillary hotels, enriching its lodging portfolio. Together, this assembly offers over 11,414 rooms and more than 3 million square feet of total indoor and outdoor meeting space.
- Entertainment and Country Music Brands
Through Opry Entertainment Group (OEG), RHP indulges in the entertainment sector, possessing a 70% interest in various iconic and emerging country music brands. This includes the Grand Ole Opry, historic Ryman Auditorium, WSM 650 AM radio station, Ole Red themed entertainment venues, and Nashville-area attractions. Furthermore, RHP's entertainment portfolio extends to Block 21, a multipurpose facility in downtown Austin, Texas, featuring the W Austin Hotel and ACL Live at the Moody Theater, a venue celebrated for hosting a variety of musical performances. OEG functions as RHP's Entertainment segment within a taxable REIT subsidiary, with its financial results consolidated within RHP's overarching financial reports.
