Ryman Hospitality Properties, Inc. (NYSE: RHP) is a specialized lodging and hospitality real estate investment trust (REIT) focused on large-scale, destination hotel assets and entertainment experiences. The company operates through two primary business segments: Hospitality and Entertainment. The Hospitality segment generates the vast majority of the company's revenue and consists of upscale, meetings-focused resorts managed by Marriott International. This portfolio includes five Gaylord Hotels properties (such as Gaylord Opryland in Nashville and Gaylord Texan near Dallas) and the JW Marriott San Antonio Hill Country Resort & Spa, collectively offering over 11,000 rooms and millions of square feet of indoor and outdoor meeting space. These assets cater heavily to the corporate convention and group travel markets.
The Entertainment segment is anchored by the Opry Entertainment Group, which owns and operates iconic country music brands and venues. Key assets include the Grand Ole Opry, the historic Ryman Auditorium, WSM-AM radio, and the Ole Red brand of live music venues and restaurants. While the Hospitality segment drives the bulk of the financial performance, the Entertainment segment provides a unique competitive advantage by driving tourism to its Nashville properties and diversifying revenue streams. Ryman's strategic focus on non-gaming convention center hotels positions it distinctively within the hospitality REIT sector, leveraging high-margin group business, banquet services, and proprietary entertainment content.
