Ryman Hospitality Properties prices stock offering to fund $1.38B resort acquisition

Ryman Hospitality Properties, Inc. has priced a registered underwritten public offering of 5,100,000 shares of its common stock at $117.00 per share. The company has also granted underwriters a 30-day option to purchase up to 765,000 additional shares.

The net proceeds from this offering are intended to be contributed to RHP Hotel Properties, LP to fund a portion of the approximately $1.38 billion acquisition of the JW Marriott Orlando Grande Lakes Resort and The Ritz-Carlton Orlando, Grande Lakes in Orlando, Florida. The remaining balance of the purchase price will be covered by cash on hand and debt, which may include unsecured debt financing or borrowings under a revolving credit facility.

The offering is expected to close on August 12, 2026, subject to customary closing conditions. The completion of the stock offering is not contingent upon the finalization of the Grande Lakes Acquisition.