Ryman Hospitality Properties, Inc. (RHP) announced it has completed the previously announced acquisition of the JW Marriott Orlando Grande Lakes Resort and The Ritz-Carlton Orlando, Grande Lakes for approximately $1.38 billion. Following the closing, the company has revised its full-year 2026 financial guidance to incorporate the expected contribution from the new properties.
Key Details
- Acquisition Details: The purchase closed on September 1, 2026, for an aggregate price of approximately $1.38 billion. The acquisition was funded through a combination of a public stock offering, a private placement of $700 million in senior notes, and cash on hand.
- Updated 2026 Guidance: Consolidated Adjusted EBITDAre guidance for 2026 has been increased to a range of $908.0 million to $945.0 million, up from a prior midpoint of $894.0 million.
- Per-Share Impact: Full-year 2026 guidance for Adjusted FFO per diluted share/unit was revised to a range of $8.90 - $9.26, a slight decrease from the prior midpoint of $9.13, reflecting the increased share count used to finance the transaction.
- Property Portfolio Addition: The Grande Lakes Orlando resort adds a 1,010-room JW Marriott and a 582-room Ritz-Carlton to RHP's portfolio, expanding its presence in the Orlando market.