Ryman Hospitality Properties, Inc. (RHP) is a first-rate Real Estate Investment Trust (REIT) specializing in group-oriented, destination hotel assets in urban and resort markets. As a high-profile player in the real estate, tourism and hospitality industry, RHP handles a number of renowned American brands including Gaylord Hotels, Gaylord Opryland, The Inn at Opryland, Gaylord Palms, Gaylord Texan, and The Grand Ole Opry.
RHP owns four of the ten largest convention hotels in the United States, each of which houses approximately 400,000 square feet of conference space. Consequently, they are designed to host small- and large-scale corporate events, conventions, weddings, concerts and other group gatherings. In essence, their business model is associated with the non-transient, group and convention segment of the lodging industry.
Moreover, RHP is also invested in the entertainment sector, owning and operating nation's premier country music venue, The Grand Ole Opry - the show that made country music famous. It also owns Ryman Auditorium, one of the oldest and most prestigious concert halls in the United States. It is also responsible for managing the General Jackson Showboat, one of the largest showboats in the country.
Founded in 1955 as a standalone broadcasting company, this Nashville, Tennessee-based corporation has a long history of growth and reimagining its business model to favourably position itself in the ever-changing business terrain. In response to increasing growth opportunities in hospitality and entertainment industry, the company converted into a REIT in 2013 to seek greater shareholder value.
As of December 2020, the company was reported to own interest in five lodging properties, as well as Nashville's famed entertainment complex, which features Opry house, General Jackson Showboat, Gaylord Springs Golf Links and The Inn at Opryland.
RHP values multiple stakeholders in the hospitality and entertainment industry including developers, planners, corporations, and leisure travellers. The firm governs its operations with a commitment to quality service and customer satisfaction, while creating value for its shareholders. As a REIT, RHP distributes at least 90% of its taxable income to its shareholders as dividends.
Ryman Hospitality Properties, Inc. is traded on the New York Stock Exchange under the ticker symbol RHP. Over the years, it has established a sturdy reputation built on managing recognized assets, delivering quality service, aligning with prime brands, maintaining key strategic partnerships, and securing impressive financial results for its shareholders. This company's approach to striking a balance between hospitality and entertainment has solidified its position as a unique force in the real estate and entertainment landscape.