Latest news with #RymanHospitalityProperties
Skift
5 days ago
- Business
- Skift
Marriott Lowers Full-Year Outlook
The DJIA fell 62 points while the Nasdaq was down 137, the S&P 500 fell 31 points, and the 10-year treasury yield was flat at 4.20%. Lodging stocks were modestly lower. On the earnings side, out of the three that reported, the one with the best report, VAC, was the only one in negative territory, as MAR and RHP both squeaked out gains on the day. SVC was the biggest mover in the group, up 5%. Marriott International beat second-quarter expectations but did what most of the others have not been doing: lowered the 2025 RevPAR outlook. They also lowered 2025 adjusted EBITDA guidance slightly, with the cut being for a weaker-than-expected 3Q as MAR expects an acceleration in 4Q. MAR repurchased 2.8 million shares in 2Q for $700 million. MAR expects to return $4 billion in capital to shareholders for the year with share repurchases and dividends. Ryman Hospitality Properties reported better-than-expected 2Q25 results but cut net income
Yahoo
6 days ago
- Business
- Yahoo
Ryman Hospitality Properties (RHP) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended June 2025, Ryman Hospitality Properties (RHP) reported revenue of $659.52 million, up 7.5% over the same period last year. EPS came in at $2.35, compared to $1.65 in the year-ago quarter. The reported revenue represents a surprise of +7.39% over the Zacks Consensus Estimate of $614.13 million. With the consensus EPS estimate being $2.31, the EPS surprise was +1.73%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Ryman Hospitality Properties performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Revenues- Hospitality: $516.21 million compared to the $513.37 million average estimate based on three analysts. The reported number represents a change of -0.6% year over year. Revenues- Entertainment: $143.3 million versus the three-analyst average estimate of $101.73 million. The reported number represents a year-over-year change of +52.1%. Net Earnings Per Share (Diluted): $1.12 versus the three-analyst average estimate of $1.14. View all Key Company Metrics for Ryman Hospitality Properties here>>> Shares of Ryman Hospitality Properties have returned -9.9% over the past month versus the Zacks S&P 500 composite's +0.6% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ryman Hospitality Properties, Inc. (RHP) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-06-2025
- Business
- Yahoo
Ryman Hospitality Properties, Inc. Announces Second Quarter 2025 Earnings Conference Call – Tuesday, August 5, 2025, 10 a.m. ET
NASHVILLE, Tenn., June 12, 2025 (GLOBE NEWSWIRE) -- Ryman Hospitality Properties, Inc. (NYSE: RHP) (the "Company'), a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences, announced today that it will release its second quarter 2025 earnings results after the market closes on Monday, August 4, 2025. Management will hold a conference call to discuss the quarter's results at 10 a.m. ET on Tuesday, August 5, 2025. To participate in the conference call, please dial 800-274-8461 and use conference ID: RHPQ225. The call will be available for replay through August 12, 2025, by dialing 800-727-5306; a conference ID is not required. This call is also being webcast and can be accessed at Ryman Hospitality Properties' Investor Relations website at About Ryman Hospitality Properties, Inc. Ryman Hospitality Properties, Inc. (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space. The Company also owns the JW Marriott Phoenix Desert Ridge Resort & Spa and JW Marriott San Antonio Hill Country Resort & Spa as well as two ancillary hotels adjacent to our Gaylord Hotels properties. The Company's hotel portfolio is managed by Marriott International and includes a combined total of 12,364 rooms as well as more than 3 million square feet of total indoor and outdoor meeting space in top convention and leisure destinations across the country. RHP also owns an approximate 70% controlling ownership interest in Opry Entertainment Group (OEG), which is composed of entities owning a growing collection of iconic and emerging country music brands, including the Grand Ole Opry; Ryman Auditorium; WSM 650 AM; Ole Red; Category 10; Nashville-area attractions; Block 21, a mixed-use entertainment, lodging, office and retail complex, including the W Austin Hotel and the ACL Live at the Moody Theater, located in downtown Austin, Texas; and a majority interest in Southern Entertainment, a leading festival and events business. RHP operates OEG as its Entertainment segment in a taxable REIT subsidiary, and its results are consolidated in the Company's financial results. Investor Relations Contacts:Mark Fioravanti, President and Chief Executive Officer(615) 316-6588mfioravanti@ Hutcheson, Chief Financial Officer(615) 316-6320jhutcheson@ Martin, Vice President, Investor Relations(615) Media Contact:Shannon Sullivan, Vice President, Corporate and Brand Communications(615) 316-6725ssullivan@
Yahoo
10-06-2025
- Business
- Yahoo
Ryman Hospitality Properties, Inc. Closes Acquisition of JW Marriott Phoenix Desert Ridge Resort & Spa
NASHVILLE, Tenn., June 10, 2025 (GLOBE NEWSWIRE) -- Ryman Hospitality Properties, Inc. (NYSE: RHP) ('Ryman') announced today it has closed the previously announced acquisition of the JW Marriott Phoenix Desert Ridge Resort & Spa ('JW Marriott Desert Ridge') in Phoenix, Arizona. Mark Fioravanti, President and Chief Executive Officer of Ryman Hospitality Properties, said, 'I want to thank the Ryman team and the sellers, Trinity Investments, for their collaboration in executing an efficient and successful closing. We are excited to begin integrating this premier resort into our differentiated, group-focused portfolio, and we look forward to pursuing compelling value creation opportunities at this beautiful property and across our one-of-a-kind portfolio.' Located amid approximately 402 acres of Arizona's Sonoran Desert, the JW Marriott Desert Ridge is one of largest hotels in the greater Phoenix/Scottsdale area and features 950 guest rooms, including 81 suites, and approximately 243,000 square feet of versatile indoor and outdoor meeting and event space. The resort's amenities include the 28,000-square-foot REVIVE Spa; seven food and beverage outlets; the 140,000-square-foot AquaRidge water amenity featuring water slides and a lazy river; and two renowned golf courses at Wildfire Golf Club—the Nick Faldo-designed Championship Course and the Arnold Palmer-designed Signature Course. The property has recently benefitted from nearly $100 million in capital investments, including a complete renovation of the rooms and suites, an enhanced lobby and arrival experience, upgraded water amenities, and reimagined food and beverage outlets. The purchase price for the acquisition, subject to certain purchase price adjustments, totaled approximately $865 million. About Ryman Hospitality Properties, Inc. Ryman Hospitality Properties, Inc. (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company's holdings include Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; Gaylord National Resort & Convention Center; and Gaylord Rockies Resort & Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space. The Company also owns the JW Marriott Phoenix Desert Ridge Resort & Spa and JW Marriott San Antonio Hill Country Resort & Spa as well as two ancillary hotels adjacent to our Gaylord Hotels properties. The Company's hotel portfolio is managed by Marriott International and includes a combined total of 12,364 rooms as well as more than 3 million square feet of total indoor and outdoor meeting space in top convention and leisure destinations across the country. RHP also owns an approximate 70% controlling ownership interest in Opry Entertainment Group (OEG), which is composed of entities owning a growing collection of iconic and emerging country music brands, including the Grand Ole Opry; Ryman Auditorium; WSM 650 AM; Ole Red; Category 10; Nashville-area attractions; Block 21, a mixed-use entertainment, lodging, office and retail complex, including the W Austin Hotel and the ACL Live at the Moody Theater, located in downtown Austin, Texas; and a majority interest in Southern Entertainment, a leading festival and events business. RHP operates OEG as its Entertainment segment in a taxable REIT subsidiary, and its results are consolidated in the Company's financial results. Cautionary Note Regarding Forward-Looking Statements This press release contains statements as to the Company's beliefs and expectations of the outcome of future events that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. You can identify these statements by the fact that they do not relate strictly to historical or current facts. Examples of these statements include, but are not limited to, statements regarding the Company's integration of the JW Marriott Desert Ridge and pursuit of value creation opportunities at the JW Marriott Desert Ridge. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the statements made. These risks and uncertainties include the risks and uncertainties associated with the Company's integration of the JW Marriott Desert Ridge and ability to identify and capitalize on value creation opportunities at JW Marriott Desert Ridge. Other factors that could cause operating and financial results to differ are described in the filings made from time to time by the Company with the U.S. Securities and Exchange Commission (SEC) and include the risk factors and other risks and uncertainties described in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, the Company's Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2025, and subsequent filings, including the Company's Current Report on Form 8-K filed May 19, 2025. Except as required by law, the Company does not undertake any obligation to release publicly any revisions to forward-looking statements made to reflect events or circumstances occurring after the date hereof or the occurrence of unanticipated events. Investor Relations Contacts:Mark Fioravanti, President and Chief Executive Officer(615) 316-6588mfioravanti@ Hutcheson, Chief Financial Officer(615) 316-6320jhutcheson@ Martin, Vice President, Investor Relations(615) Media Contact:Shannon Sullivan, Vice President, Corporate and Brand Communications(615) 316-6725ssullivan@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
04-06-2025
- Entertainment
- Yahoo
Beloved Country Singer, 49, Pays Tribute to Country Music Legend George Jones
Beloved Country Singer, 49, Pays Tribute to Country Music Legend George Jones originally appeared on Parade. Beloved country singer , 49, paid a heartfelt tribute to the iconic George Jones on June 3, as a bronze statue of "The Possum" was unveiled at the historic Ryman Auditorium's Icon Walk. Johnson, known for his deep-rooted respect for country music's trailblazers, joined Jones' widow, Nancy Jones, and Ryman Hospitality Properties Executive Chairman Colin Reed for the emotional ceremony, further cementing Jones' legacy at the "Mother Church of Country Music." The life-sized statue, crafted by sculptor Ben Watts, captures the essence of Jones, who passed away in 2013. It now stands among other country music titans like , Bill Monroe, , and , gracing the entrance of the revered venue where Jones himself delivered countless unforgettable performances. For Johnson, the moment was personal. He spoke fondly of his relationship with the legendary vocalist, stating, "He was a dear friend who was more like a distant relative, who was always good for a warm hug and a bright smile." This bond was well-documented, with Jones featuring on Johnson's 2008 track, "Keeping Up With The Jonesin'." More recently, Nancy Jones played a part in Johnson's personal life, recommending the venue for his May 2025 wedding to Brittney Eakins. The Ryman Auditorium, a National Historic Landmark, holds a special place in country music history. It was home to the Grand Ole Opry from 1943 to 1974, and Jones, a Grand Ole Opry member since 1956, had a reverence for the institution. Jamey Johnson's presence at the unveiling is a testament to his championing of traditional country music and its pioneers. Often seen as an heir to the outlaw country movement, Johnson has covered songs by his heroes and spoken about their influence on his own critically acclaimed career. His upcoming "The Last Honky Tonk Tour" itself is a tribute to another late friend and musician, Wayne Mills. The statue unveiling not only commemorates George Jones' contributions to music—his voice often hailed as the greatest in country history—but also serves as a reminder of the d mutual respect that run through the Nashville music community. As fans and visitors walk past the Ryman, they will now be greeted by the likeness of a man whose music continues to inspire generations, a tribute made all the more poignant by the presence of artists like Jamey Johnson who carry the torch forward. The unveiling underscores that while "The Possum" may be gone, his music and his spirit remain an indelible part of country music's soul. Beloved Country Singer, 49, Pays Tribute to Country Music Legend George Jones first appeared on Parade on Jun 4, 2025 This story was originally reported by Parade on Jun 4, 2025, where it first appeared.
