Ryman Hospitality Properties, Inc. (RHP): M&A transaction — Ryman Hospitality completes $865M acquisition of JW Marriott Phoenix Desert Ridge Resort

Ryman Hospitality Properties, Inc.

Acquired JW Marriott Phoenix Desert Ridge Resort & Spa for approx. $865M; closed June 10, 2025.
Funded via 2,990,000 shares at $96.20/share ($287M) and $625M 6.500% senior notes due 2033.
Property features 950 guest rooms (81 suites), 243K sq ft meeting/event space, and two golf courses.
Recent ~$100M capital improvements include rooms renovation, enhanced lobby, and upgraded amenities.
Integration into Ryman's group-focused portfolio expected to generate value creation opportunities.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.99

Ryman Hospitality Properties, Inc. completed an acquisition involving DRPhoenix Hotel Owner LLC; Trinity Investments for approximately $865 million (closed 2025-06-10).

Action: acquisition
Counterparty: DRPhoenix Hotel Owner LLC; Trinity Investments
Consideration: approximately $865 million
Closing: 2025-06-10

Exact text from the filing

pursuant to an Agreement of Purchase and Sale (the “Purchase Agreement”) with DRPhoenix Hotel Owner LLC. The aggregate purchase price paid by Buyer was approximately $865 million, which was funded with the net proceeds of an underwritten registered public offering of 2,990,000 shares of common stock of the Company at a public offering price of $96.20 per

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Ryman Hospitality Properties, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-25-058162

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