Ryman Hospitality to acquire JW Marriott Phoenix Desert Ridge Resort & Spa for $865M

Ryman Hospitality Properties, Inc.

Purchase price $865M, representing 12.7x 2024 Adjusted EBITDAre.
Acquisition expected to close Q2/Q3 2025, subject to customary conditions.
Property features 950 guest rooms, 243k sq ft meeting space on ~402 acres.
Company expects deal to be accretive to Adjusted FFO per share in 2026.
$30M deposit placed into escrow; operations to continue under Marriott.

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