secwatch.observer — SEC 8-K summary
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Issuer:     Ryman Hospitality Properties, Inc. (RHP)
CIK:        0001040829
Form:       8-K
Filed at:   2023-06-05T23:59:59+00:00
Accession:  0001140361-23-028377
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 1.01, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1040829/000114036123028377/0001140361-23-028377-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1040829/000114036123028377/ny20009346x4_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-23-028377

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