M&A
confidence high
sentiment positive
materiality 0.90
Ryman closes $1.38B acquisition of Grande Lakes Orlando; updates 2026 guidance
Ryman Hospitality Properties, Inc.
- Closed purchase of JW Marriott Orlando Grande Lakes and Ritz-Carlton Orlando for ~$1.38B on Sept 1, 2026.
- Funded with $686M from 5.865M share offering at $117/share and $700M 6.250% senior notes due 2035.
- Adds 1,010-room JW Marriott and 582-room Ritz-Carlton with ~320,000 sq ft meeting space.
- Raises 2026 consolidated Adjusted EBITDA guidance midpoint by $32.5M to $926.5M; net income per share midpoint down $0.18 to $3.93.
- Adjusted FFO per share midpoint down $0.05 to $9.08 due to dilution from new shares.