Ryman Hospitality Properties
Ryman Hospitality Properties (NYSE: RHP) is a lodging REIT that owns and operates seven upscale convention-center resorts (5 Gaylord Hotels + 2 JW Marriott, totaling ~12,364 rooms) plus a ~70% controlling interest in Opry Entertainment Group, which owns the Grand Ole Opry, Ryman Auditorium, Ole Red, Category 10, ACL Live, and WSM Radio, serving group meeting planners and live entertainment consumers.
- Company typePublic
- Founded2012
- HeadquartersNashville, United States
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingServices
What Ryman Hospitality Properties does
Ryman Hospitality Properties, Inc. (NYSE: RHP) is a self-administered lodging and hospitality real estate investment trust (REIT) that specializes in upscale, group-oriented convention center resorts, complemented by a controlling interest in a country-music-focused entertainment business. The company was formed in 2012 when Gaylord Entertainment converted to a REIT, although its operating assets trace back to 1892 (Ryman Auditorium) and 1925 (Grand Ole Opry). It is headquartered at One Gaylord Drive, Nashville, TN, was founded in its current form in 2012, has 1,001-5,000 employees, and had a market capitalization of approximately $7.23 billion as of May 2026.
The Hospitality segment generates approximately 83% of revenue from seven owned and two ancillary upscale convention-center hotels managed by Marriott International under the Gaylord Hotels and JW Marriott brands — Gaylord Opryland (Nashville, 2,888 rooms), Gaylord Palms (Kissimmee, FL), Gaylord Texan (Grapevine, TX), Gaylord National (National Harbor, MD), Gaylord Rockies (Aurora, CO), JW Marriott Phoenix Desert Ridge (acquired 2025 for $865 million), and JW Marriott San Antonio Hill Country (acquired 2023 for ~$800 million) — collectively 12,364 rooms and over 3 million square feet of meeting and exhibit space. The go-to-market is enterprise field sales to large group meeting planners and corporate clients; corporate bookings comprise approximately two-thirds of production and 66% of customers are retention customers. The portfolio claims a RevPAR index of nearly 130%, and five of its Gaylord assets rank among the top seven largest non-gaming convention center hotels in the U.S.
The Entertainment segment, operated through Opry Entertainment Group (OEG, ~70% owned; Atairos and NBCUniversal own the remaining 30% following a 2022 investment that valued OEG at $1.4 billion), generated $434 million (approximately 17% of 2025 revenue) and $68.5 million of operating income. OEG owns and operates the Grand Ole Opry (4,400-seat venue), Ryman Auditorium (2,362-seat National Historic Landmark), ACL Live at the Moody Theater (Austin), Ole Red (restaurants/venues in Nashville, Gatlinburg, Tishomingo, Orlando and Las Vegas), Category 10 (Nashville, Las Vegas, with Universal Orlando opening 2027), the General Jackson showboat, WSM 650 AM radio, and Block 21 (a mixed-use complex in Austin including the W Austin Hotel). Full-year 2025 revenue reached $2.58 billion (+10.2% YoY) with Q1 2026 revenue of $664.6 million and Q1 2026 gross group room nights booked up nearly 27% YoY.
Ryman Hospitality Properties firmographics
Firmographics- Name
- Ryman Hospitality Properties
- Legal name
- Ryman Hospitality Properties, Inc.
- Website
- https://rymanhp.com
- Company type
- Public
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Ryman Hospitality Properties (NYSE: RHP) is a lodging REIT that owns and operates seven upscale convention-center resorts (5 Gaylord Hotels + 2 JW Marriott, totaling ~12,364 rooms) plus a ~70% controlling interest in Opry Entertainment Group, which owns the Grand Ole Opry, Ryman Auditorium, Ole Red, Category 10, ACL Live, and WSM Radio, serving group meeting planners and live entertainment consumers.
- Ownership category
- akta.pro rank
Ryman Hospitality Properties industry classification
Industry- Product category
- Upscale Convention Center Hospitality
- NAICS
- Hotels (except Casino Hotels) and Motels (72111), Hotels (except Casino Hotels) and Motels (721110), Promoters of Performing Arts, Sports, and Similar Events with Facilities (71131)
- SIC
- Hotels, Rooming Houses, Camps & Other Lodging Places (7000), Hotels & Motels (7011)
- akta.pro primary industry
- Luxury MICE & Conference Resorts (THAGACAN)
- akta.pro secondary industries
- Large-Scale Headquarters Convention Hotels (THAGALAH), Hotel & Resort Convention Venues (Convention Hotels) (THAHAAAC)
Keywords
Where Ryman Hospitality Properties is headquartered
LocationHeadquarters
- HQ city
- Nashville
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Ryman Hospitality Properties business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Marketing or Sales, Infrastructure, Technology or R&D, Supply Chain
Revenue model
- Hospitality (Hotel Operations): Room rentals, food and beverage, and meeting/convention services across upscale convention center resorts managed by Marriott International under Gaylord Hotels and JW Marriott brands. Represents approximately 83% of total revenues.
- Entertainment: Revenue from entertainment venues including Grand Ole Opry, Ryman Auditorium, ACL Live, Ole Red branded restaurants, Category 10 venues, General Jackson Showboat, and radio station WSM 650 AM. Contributed approximately 17% of total revenue ($434 million).
- Licensing/Royalty (Entertainment Brands): Licensing fees from branded entertainment concepts like Ole Red (inspired by Blake Shelton) and Category 10 (inspired by Luke Combs) through owned venues.
- Retail and Restaurant: Revenue from Ole Red branded restaurants, retail spaces, and event venues across multiple locations including Nashville, Gatlinburg, Tishomingo, Orlando, and Las Vegas.
Go-to-market motion1 record
Distribution channels4 records
Marketing channels3 records
Ryman Hospitality Properties product offering
Product offeringCore offering
Ryman Hospitality Properties owns, leases, and manages a portfolio of upscale convention center resorts (five Gaylord Hotels and two JW Marriott properties) comprising 12,364 rooms and more than 3 million square feet of meeting space in top U.S. convention and leisure destinations, all operated under Marriott International management. Through a 70% controlling interest in Opry Entertainment Group, the company also operates iconic country music entertainment brands including the Grand Ole Opry, Ryman Auditorium, ACL Live at the Moody Theater, multi-location Ole Red and Category 10 venue concepts, the General Jackson Showboat, and WSM 650 AM radio.
Product overview
Ryman Hospitality Properties is a lodging and hospitality REIT operating a dual-segment portfolio. The Hospitality segment includes five Gaylord Hotels convention center resorts (Gaylord Opryland, Gaylord Palms, Gaylord Texan, Gaylord National, Gaylord Rockies) and two JW Marriott properties (Phoenix Desert Ridge, San Antonio Hill Country), plus two ancillary hotels adjacent to Gaylord properties—managed by Marriott International with approximately 12,364 combined rooms and over 3 million square feet of meeting space. The Entertainment segment operates Opry Entertainment Group (70% owned), which encompasses iconic country music brands including the Grand Ole Opry, Ryman Auditorium, ACL Live, Ole Red multi-location venue brand, Category 10 entertainment venues, General Jackson Showboat, 650 AM WSM radio, and Southern Entertainment festival business.
Differentiator
Problem solved
Functional benefit
Products and services
- Gaylord Opryland Resort & Convention Center
Quantifiable outcome
- Revenue of $2.58 billion in 2025, up 10.2% from 2024
- +4 more outcomes
Companies that use Ryman Hospitality Properties
Customer profileSegments3 records
Ideal customer profiles3 records
Ryman Hospitality Properties technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Ryman Hospitality Properties partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered minor and core.
- Pacer Sports & EntertainmentminorDevelopment partnership for a seventh Ole Red entertainment venue in Indianapolis, expanding the Ole Red branded entertainment concept to a new market.
- Universal Orlando ResortcoreOpry Entertainment Group announced development of a third Category 10 venue at Universal Orlando Resort's CityWalk, expected to open late 2027. The three-story, 33,000-square-foot venue will be inspired by Luke Combs' country music brand.
- CCNB (Coastal Credit Union Music Amphitheater)minorOpry Entertainment Group will begin managing the CCNB Amphitheatre in Simpsonville, South Carolina beginning February 2026, expanding venue management operations.
- Hiller Plumbing, Heating, Cooling & ElectricalminorFive-year partnership naming rights for the Hiller Music Porch at Ryman Auditorium, launching Bluegrass Nights at the Ryman concert series and serving as pre-show venue for 200+ scheduled concerts annually.
Scale indicators11 records
Recent moves15 records
Expansion highlights5 records
Ryman Hospitality Properties competitors and assessment
Company assessmentBroad incumbents
- Hyatt Hotels Corporation: Major global hotel operator with a sizable group/convention and luxury resort footprint. Comparable as a large incumbent competing for the same group meeting demand and as a potential operator-partner alternative to Marriott.
- Live Nation Entertainment: Largest live entertainment company globally, distributing tickets for OEG venues (Grand Ole Opry, Ryman Auditorium, ACL Live). Comparable as a scaled live-entertainment platform with venue ownership and ticketing/distribution synergies.
- Marriott International: Global hotel operator that manages all of Ryman's Gaylord and JW Marriott properties and provides distribution through Marriott Bonvoy. Comparable as the dominant operational and demand-generation partner and as a broader lodging-industry incumbent.
Direct peers
- Sunstone Hotel Investors: Lodging REIT focused on upper-upscale and luxury hotels operated under major brands including Marriott. Comparable in group meeting focus and branded-operator model, though at smaller scale.
- Park Hotels & Resorts: Lodging REIT owning large upper-upscale and luxury resort and convention-oriented hotels primarily operated by Hilton. Closely comparable in scale, group/convention demand mix, and operator-relationship model.
- Pebblebrook Hotel Trust: Lodging REIT specializing in upper-upscale urban and resort hotels. Comparable in property type and operator-partnered model, with similar exposure to group/ leisure demand and similar leverage profile.
- Host Hotels & Resorts: Largest US lodging REIT focused on upscale and luxury group-oriented hotels managed by major operators (Marriott, Hilton, Hyatt). Most directly comparable peer in business model, asset type, group-demand exposure, and operator-partnership structure.
- Xenia Hotels & Resorts: Lodging REIT with a portfolio of upper-upscale and luxury hotels operated by Marriott, Hilton, and Hyatt. Comparable in branded-operator asset strategy and group/resort demand exposure.
Emerging players
- Vail Resorts: Operator of destination mountain resorts with lodging, dining, and ticketed experiences. Comparable in upscale destination-resort business model and group/leisure demand mix relevant to Ryman's resort portfolio.
- Six Flags Entertainment: Operator of regional amusement/theme parks and adjacent entertainment venues. Comparable as a US destination-entertainment operator with overlapping leisure-tourist demand drivers to Gaylord resort properties.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Ryman Hospitality Properties social profiles
Digital presenceRyman Hospitality Properties financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ryman Hospitality Properties leadership team
Management profileNumber of profiles
Profiles6 records
Ryman Hospitality Properties subsidiaries and ownership
Company hierarchySubsidiaries10 records
Ryman Hospitality Properties funding detail
Funding detailFunding overview
Funding rounds8 records
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ryman Hospitality Properties M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Ryman Hospitality Properties
What does Ryman Hospitality Properties do?
Ryman Hospitality Properties owns, leases, and manages a portfolio of upscale convention center resorts (five Gaylord Hotels and two JW Marriott properties) comprising 12,364 rooms and more than 3 million square feet of meeting space in top U.S. convention and leisure destinations, all operated under Marriott International management. Through a 70% controlling interest in Opry Entertainment Group, the company also operates iconic country music entertainment brands including the Grand Ole Opry, Ryman Auditorium, ACL Live at the Moody Theater, multi-location Ole Red and Category 10 venue concepts, the General Jackson Showboat, and WSM 650 AM radio.
Is Ryman Hospitality Properties a public or private company?
Ryman Hospitality Properties is a public company. It is classified as public and is currently operating.
When was Ryman Hospitality Properties founded?
Ryman Hospitality Properties was founded in 2012. It employs 1,001 to 5,000 people.
Where is Ryman Hospitality Properties based?
Ryman Hospitality Properties is headquartered in Nashville, United States, in the North America region.
How does Ryman Hospitality Properties make money?
Four revenue lines are on record. Hospitality (Hotel Operations) is the primary driver. The others are entertainment, licensing/Royalty (Entertainment Brands) and retail and Restaurant.
Who are Ryman Hospitality Properties's main competitors?
Broad incumbents on record are Hyatt Hotels Corporation, Live Nation Entertainment and Marriott International. Direct peers are Sunstone Hotel Investors, Park Hotels & Resorts, Pebblebrook Hotel Trust, Host Hotels & Resorts and Xenia Hotels & Resorts. Emerging players are Vail Resorts and Six Flags Entertainment.
Does Ryman Hospitality Properties have an API?
No public API is recorded for Ryman Hospitality Properties.
What industry is Ryman Hospitality Properties in?
Ryman Hospitality Properties's product category is Upscale Convention Center Hospitality. Its primary akta.pro industry code is THAGACAN, Luxury MICE & Conference Resorts, with a secondary code of THAGALAH, Large-Scale Headquarters Convention Hotels. Its NAICS code is 72111 and its SIC code is 7000.