---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-23-028377"
form_type: "8-K"
ticker: "RHP"
cik: "0001040829"
company_name: "Ryman Hospitality Properties, Inc."
filed_at: "2023-06-05T23:59:59+00:00"
generated_at: "2026-06-14T07:08:55.270609+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Ryman Hospitality to acquire JW Marriott San Antonio Hill Country Resort for $800M from Blackstone

## Summary
- Purchase price of $800M, representing ~12.6x trailing twelve months adjusted EBITDA re as of March 31, 2023.
- Acquisition expected to close in Q2 or Q3 2023, subject to customary conditions; $35M deposit paid.
- Resort has 1,002 rooms, 268,000 sq ft meeting/event space, golf courses, and will remain under JW Marriott flag.
- Deal is accretive to Ryman's adjusted funds from operations per share in first full year of ownership.
- Seller BREIT expects ~$275M profit over its five-year hold, including through COVID.

## SEC filing metadata
- accession: 0001140361-23-028377
- form_type: 8-K
- ticker: RHP
- cik: 0001040829
- company_name: Ryman Hospitality Properties, Inc.
- filed_at: 2023-06-05T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1040829/000114036123028377/0001140361-23-028377-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1040829/000114036123028377/ny20009346x4_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-23-028377
- JSON: https://secwatch.observer/filing/0001140361-23-028377.json
- Plain text: https://secwatch.observer/filing/0001140361-23-028377.txt

## Key facts
- Material Agreements
  Ryman Hospitality Properties, Inc. entered into a asset purchase with Blackstone Real Estate Income Trust, Inc. valued at $800 million (effective 2023-06-05).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: Blackstone Real Estate Income Trust, Inc.
  - Value: $800 million
  - Effective: 2023-06-05
  source text: today announced a definitive agreement under which Ryman will purchase the JW Marriott San Antonio Hill Country Resort & Spa (“JW Marriott Hill Country”) in San Antonio, Texas for $800 million from BREIT.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1040829/000114036123028377/0001140361-23-028377-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.