Ryman Hospitality Properties, Inc. (RHP): M&A transaction — Ryman Hospitality closes $800M acquisition of JW Marriott San Antonio Hill Country Resort

Ryman Hospitality Properties, Inc.

Purchased from Blackstone Real Estate Income Trust for approx. $800M.
Funded by equity offering (4.43M shares at $93.25/share), $400M 7.25% notes due 2028, and cash.
Resort features 1,002 rooms, 268,000 sq ft meeting space on 640 acres.
CEO Mark Fioravanti cites integration into group hotel portfolio and value creation.
Property opened in 2010, includes spa, golf courses, and water park.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Ryman Hospitality Properties, Inc. completed an acquisition involving BREIT JWM San Antonio LP and BREIT JWM San Antonio TRS LLC for approximately $800 million (closed 2023-06-30).

Action: acquisition
Counterparty: BREIT JWM San Antonio LP and BREIT JWM San Antonio TRS LLC
Consideration: approximately $800 million
Closing: 2023-06-30

Exact text from the filing

Antonio LP, a Delaware limited partnership, and BREIT JWM San Antonio TRS LLC, a Delaware limited liability company. The aggregate purchase price paid by Buyer was approximately $800 million, funded with the net proceeds of an underwritten registered public offering of 4,427,500 shares of common stock of the Company at the public offering price of $93.25 per share,

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9 m&a transactions filed in the last 30 days. Browse all m&a transactions →

Ryman Hospitality Properties, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-077131

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