Ryman Hospitality Properties, Inc.

Ryman Hospitality Properties, Inc. (NYSE: RHP) operates as a self-advised and self-administered real estate investment trust specializing in group-oriented, destination hotel assets in urban and resort markets. The company's website is www.rymanhospitality.com.

The company's core business comprises two primary segments: Hospitality and Entertainment. The Hospitality segment, representing approximately 83% of total revenues, includes a network of upscale, meetings-focused resorts totaling 11,869 rooms managed by Marriott International under the Gaylord Hotels and JW Marriott brands. The portfolio consists of five Gaylord Hotels properties located in Nashville, Orlando, Dallas, Washington D.C., and Denver, plus two JW Marriott resorts in San Antonio and Phoenix, along with overflow hotels including the Inn at Opryland and the AC Hotel. These properties feature extensive meeting and exhibition space, with Gaylord Opryland alone offering 640,000 square feet of combined meeting, exhibit, and pre-function space.

The Entertainment segment, comprising approximately 17% of revenues, operates through Opry Entertainment Group, in which Ryman holds an approximate 70% controlling equity interest. This division encompasses the Grand Ole Opry, the legendary country music showcase celebrating its 100th anniversary in 2025; the Ryman Auditorium, a historic 2,300-seat venue; WSM-AM radio; six Ole Red entertainment venues; the Category 10 brand of Luke Combs-themed venues; Block 21, a mixed-use complex in Austin housing Austin City Limits Live; Southern Entertainment, a music festival and events production company; and management agreements for the Ascend Amphitheater and CCNB Amphitheatre.

As of December 31, 2025, Ryman employed 1,819 people across its Entertainment and Corporate segments, with hotel operations staffed by Marriott. The company maintains a REIT structure that qualifies substantially all REIT operations for federal income tax exemption, while non-REIT operations conducted through taxable REIT subsidiaries remain subject to corporate taxation. Ryman's strategic focus centers on acquiring and developing group-oriented large hotels exceeding 400 rooms in destination markets while leveraging its iconic entertainment brands for brand extension opportunities.