Ryman Hospitality Properties

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.

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

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

• Convention center hotels
• Hospitality REIT
• Country music venues
• Group meeting resorts
• Live entertainment brands

Headquarters

HQ city

Nashville

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Infrastructure, Technology or R&D, Supply Chain

Revenue model

1. 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.
2. 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).
3. 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.
4. 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

Core 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

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered minor and core.

• Pacer Sports & EntertainmentminorStrategic or Co-development Partner · 30 April 2026Development partnership for a seventh Ole Red entertainment venue in Indianapolis, expanding the Ole Red branded entertainment concept to a new market.
• Universal Orlando ResortcoreStrategic or Co-development Partner · 1 February 2026Opry 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)minorStrategic or Co-development Partner · 1 February 2026Opry Entertainment Group will begin managing the CCNB Amphitheatre in Simpsonville, South Carolina beginning February 2026, expanding venue management operations.
• Hiller Plumbing, Heating, Cooling & ElectricalminorGTM or Marketing Partner · 12 June 2025Five-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

Broad 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

• LinkedInlinkedin.com/company/ryman-hospitality-properties

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries10 records

Funding overview

Funding rounds8 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ryman Hospitality Properties