Every material Form 8-K Ryman Hospitality Properties has filed with the SEC since May 21, 2025, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Ryman Hospitality Properties reported third quarter 2026 total revenue of $655.8 million, up 10.7% from a year earlier, and net income of $39.7 million, up 16.8%. The company raised the midpoints of its 2026 guidance for same-store Hospitality results, partly offset by lower Entertainment expectations tied mainly to the closure of the General Jackson Showboat, which gives shareholders a higher outlook for the year.
Net income available to common stockholders per diluted share was $0.58 for the third quarter, up from $0.53 a year earlier.
Midpoint of 2026 consolidated Adjusted EBITDAre guidance rose $7.0 million to $933.5 million; AFFO per diluted share midpoint is $9.29, up from $9.08.
Entertainment segment Adjusted EBITDAre guidance midpoint was lowered to $122.0 million from $125.0 million.
The Grande Lakes Orlando acquisition was completed on September 1, 2026; the 2026 capital expenditure estimate is $450 million to $500 million.
Ryman Hospitality Properties completed its purchase of the JW Marriott Orlando Grande Lakes Resort and The Ritz-Carlton Orlando, Grande Lakes on September 1, 2026, for approximately $1.38 billion. The company also revised its 2026 guidance to include the property, raising its adjusted EBITDAre midpoint while lowering its per-share earnings midpoint.
Purchase price of approximately $1.38 billion was funded by a 5,865,000-share stock offering at $117.00 per share (closed August 12, 2026), $700 million of 6.250% senior notes due 2035 (closed August 25, 2026), and cash on hand.
Full-year 2026 consolidated Adjusted EBITDAre guidance midpoint rose to $926.5 million from $894.0 million; Grande Lakes Orlando contributes a $32.5 million midpoint.
Net income available to common stockholders per diluted share guidance midpoint fell to $3.93 from $4.11; Adjusted FFO per diluted share midpoint fell to $9.08 from $9.13.
The company does not expect to update guidance before its next quarterly earnings release.
Ryman Hospitality Properties and its operating partnership issued $700 million of 6.250% Senior Notes due 2035 under a new indenture dated August 25, 2026. Proceeds are intended to help fund an approximately $1.38 billion acquisition of the JW Marriott Orlando Grande Lakes Resort and The Ritz-Carlton Orlando, Grande Lakes, with the rest coming from a recent stock offering and cash on hand. The added debt increases the company's borrowing obligations, and the notes must be redeemed if the acquisition is not completed.
$700 million aggregate principal of 6.250% Senior Notes due February 15, 2035
Proceeds intended to fund part of an approximately $1.38 billion purchase of the Orlando Grande Lakes properties
Balance funded by proceeds of a 5,865,000-share offering at $117.00 per share, closed August 12, 2026, and cash on hand
Notes subject to special mandatory redemption at 100% of issue price plus accrued interest if the acquisition is not completed
Ryman Hospitality Properties sold 5,100,000 new shares of common stock at $117.00 per share under an August 10, 2026 underwriting agreement with BofA Securities and J.P. Morgan. The underwriters exercised in full their option to buy 765,000 more shares, and the offering closed on August 12, 2026. The company received net proceeds of approximately $658 million, and the new shares add to the number of shares shareholders hold in the company.
Base offering: 5,100,000 shares at $117.00 per share, before underwriting discounts and commissions
Underwriters exercised their 30-day option in full on August 11, 2026, for an additional 765,000 shares
Offering closed on August 12, 2026, with net proceeds of approximately $658 million after discounts and estimated expenses
Sold under a prospectus supplement and base prospectus dated August 10, 2026, tied to a Form S-3 shelf registration
Ryman Hospitality Properties agreed on August 10, 2026, through a subsidiary, to buy the JW Marriott Orlando, Grande Lakes Resort and the Ritz-Carlton Orlando, Grande Lakes from GLO Hotel Owner LLC for an aggregate price of approximately $1.38 billion, subject to adjustments. The company expects to close in the third quarter of 2026, and its filing lists risks including possible failure to close, integration difficulties and concentration in Marriott-owned brands.
Purchase price of approximately $1.38 billion, subject to adjustments; $50 million deposited in escrow and applied to the price at closing
Expected to close in the third quarter of 2026, subject to customary closing conditions
Grande Lakes has 1,592 guest rooms across two hotels, per the press release
Company expects the acquisition to be accretive to Adjusted FFO per diluted share for 2027
Ryman Hospitality Properties reported second-quarter 2026 total revenue of $749.0 million, up 13.6% from a year earlier, and net income of $102.1 million, up 34.5%. The company raised the midpoints of its full-year 2026 guidance, including consolidated Adjusted EBITDAre to $894.0 million from $883.0 million, which signals higher expected full-year results for shareholders.
Q2 2026 total revenue was $748,978 thousand, up 13.6% from $659.5 million in Q2 2025.
Net income available to common stockholders per diluted share was $1.42, up 26.8% from $1.12.
Full-year 2026 consolidated Adjusted EBITDAre guidance midpoint rose to $894.0 million from $883.0 million; same-store Hospitality RevPAR growth midpoint rose to 4.00% from 3.00%.
2026 capital expenditure estimate was raised to $400 million to $500 million from $350 million to $450 million.
Ryman Hospitality Properties reported first quarter 2026 revenue of $664.6 million, up 13.2%, and net income of $69.4 million, up 10.1%, with net income available to common stockholders per diluted share of $1.03 versus $1.00. The company raised the midpoints of its full-year 2026 guidance, including consolidated Adjusted EBITDAre midpoint of $883.0 million versus a prior $870.5 million, citing stronger first quarter Hospitality results.
Q1 2026 total revenue $664.6 million vs. $587.3 million in Q1 2025 (up 13.2%)
Q1 2026 net income $69.4 million, up 10.1%; Adjusted EBITDAre $219.3 million, up 18.2%
2026 Adjusted FFO per diluted share/unit midpoint raised to $8.96 from $8.75; consolidated Adjusted EBITDAre midpoint raised to $883.0 million from $870.5 million
Entertainment segment revenue fell 11.6% to $79.2 million in Q1 2026, and Gaylord National revenue fell 8.2%
On March 11, 2026, Ryman Hospitality Properties' operating partnership and finance subsidiary issued $700 million of 5.750% senior notes due March 15, 2034, guaranteed by certain company subsidiaries. The Issuers intend to use the net proceeds, together with available cash, to redeem in full the $700 million of 4.750% senior notes due 2027, so the filing reflects a refinancing of existing debt rather than new borrowing of that size.
Issued $700 million aggregate principal of 5.750% senior notes due March 15, 2034, under an indenture with U.S. Bank Trust Company, National Association, as trustee
Net proceeds, plus available cash, to redeem the $700 million 4.750% senior notes due 2027 in full
Interest payable March 15 and September 15 each year, beginning September 15, 2026
Redeemable before March 15, 2029 at a make-whole premium; holders may require repurchase at 101% of principal upon a Change of Control Triggering Event
Ryman Hospitality Properties reported fourth quarter 2025 revenue of $737.8 million, up 13.9% from a year earlier, and net income of $74.5 million, up 3.0%. For the full year, net income fell 11.7% to $247.3 million and net income per diluted share fell 13.9% to $3.77, and the company issued 2026 guidance with consolidated Adjusted EBITDAre of $846.0 million to $895.0 million at the midpoint range shown in the filing.
Q4 2025 total revenue was $737.8 million, up from $647.6 million; Q4 net income per diluted share was $1.11, down 1.8%.
Full-year 2025 net income was $247.3 million, down from $280.2 million; net income available to common stockholders per diluted share was $3.77 versus $4.38.
2026 guidance projects consolidated net income available to common stockholders per diluted share of $3.80 to $3.93, and the company does not expect to update it before its next earnings release.
The revolving credit facility was increased to $850 million from $700 million and extended to January 2030; a $1.20 per share dividend is payable April 15, 2026.
Ryman Hospitality Properties amended its revolving credit facility, raising the size from $700 million to $850 million and extending maturity from May 2027 to January 2030. The revolver was undrawn at closing and pricing remains unchanged, so the change adds borrowing capacity and extends the debt timeline without new borrowing.
Revolving credit facility increased from $700 million to $850 million
Maturity extended from May 2027 to January 2030, with up to one additional year of extension options
Pricing unchanged: leverage-based grid of 140 to 200 basis points over Term SOFR or Daily Simple SOFR
Facility was undrawn at closing; Wells Fargo led the refinancing
Ryman Hospitality Properties reported third quarter 2025 revenue of $592.5 million, up 7.7% from a year earlier, while net income fell 43.8% to $34.0 million and diluted earnings per share fell to $0.53 from $0.94. The company also narrowed its full-year 2025 outlook, with slightly lower midpoints for operating income, Adjusted EBITDAre and Adjusted FFO per share, which bears on shareholder expectations for the year.
Q3 2025 total revenue was $592.5 million, up 7.7% from $550.0 million in Q3 2024.
Q3 net income was $34.0 million, down from $60.4 million; diluted EPS was $0.53 versus $0.94.
Full-year 2025 Adjusted EBITDAre guidance midpoint was lowered by $3.0 million to $787.0 million; Adjusted FFO per diluted share midpoint was $8.19, down $0.02.
As of September 30, 2025, unrestricted cash was $483.3 million and total debt was $3,976.0 million.
Ryman Hospitality Properties appointed H. Eric Bolton, Jr., 68, as an independent director effective August 7, 2025, filling a seat created when the board increased from nine to ten members. He was named to the Audit and Risk Committees, and the filing discloses no transactions with the company requiring disclosure. The change adds a former long-time REIT CEO to the board, but the filing reports no effect on financial results.
Bolton was appointed effective August 7, 2025; the board size rose from nine to ten directors.
Bolton was named to the Audit Committee and Risk Committee.
Bolton previously served as CEO of Mid-America Apartment Communities, Inc. (NYSE: MAA) from October 2001 to March 31, 2025.
He will stand for election at the 2026 annual meeting for a one-year term expiring in 2027.
Ryman Hospitality Properties reported second quarter 2025 total revenue of $659.5 million, up 7.5% from a year earlier, but net income fell 27.6% to $75.9 million and net income available to common stockholders per diluted share fell 32.1% to $1.12. The company revised its 2025 outlook: the midpoint for net income available to common stockholders per diluted share dropped to $3.47 from $3.93, while the consolidated Adjusted EBITDAre midpoint rose to $790 million from $775 million, reflecting the June 10 acquisition of the JW Marriott Desert Ridge and transient rate risk in Nashville.
Total revenue was $659.5 million, up 7.5%, with Entertainment segment revenue of $143.3 million, an all-time quarterly record.
Net income was $75.9 million, down 27.6%; diluted EPS was $1.12 versus $1.65 a year earlier.
2025 guidance: diluted EPS midpoint lowered to $3.47 from $3.93; consolidated Adjusted EBITDAre midpoint raised to $790 million from $775 million.
Same-store Hospitality Adjusted EBITDAre midpoint cut to $690 million from $695 million; $625 million of 6.500% senior notes due 2033 were sold to help fund the acquisition.
Ryman Hospitality Properties completed its purchase of the JW Marriott Phoenix Desert Ridge Resort & Spa in Phoenix, Arizona, for approximately $865 million. The purchase was funded with proceeds from a May 21, 2025 common stock offering and a $625 million senior notes private placement that closed June 4, 2025, which adds a large property to the company's portfolio while increasing its debt and share count.
Purchase price was approximately $865 million, subject to certain purchase price adjustments.
Funded by a stock offering of 2,990,000 shares at $96.20 per share, closed May 21, 2025.
Funded also by $625 million of 6.500% senior notes due 2033, closed June 4, 2025.
The resort has 950 guest rooms and about 243,000 square feet of meeting space; it recently received nearly $100 million in capital investments.
Ryman Hospitality Properties and its operating partnership issued $625 million of 6.500% senior notes due June 15, 2033, under an indenture dated June 4, 2025. The Operating Partnership plans to use the proceeds to help fund the approximately $865 million purchase of the JW Marriott Phoenix Desert Ridge Resort & Spa, with the rest of the price to come from a May 21, 2025 common stock offering.
Notes total $625 million, carry a 6.500% interest rate, and mature June 15, 2033; interest is payable June 15 and December 15, starting December 15, 2025
Proceeds fund a portion of the approximately $865 million purchase price of the JW Marriott Phoenix Desert Ridge Resort & Spa in Phoenix, Arizona
Balance of the purchase price comes from a stock offering of 2,990,000 shares at $96.20 per share that closed May 21, 2025
If the acquisition is not completed, the notes must be redeemed at 100% of the issue price plus accrued interest
Ryman Hospitality Properties sold 2.6 million new common shares at $96.20 each under an underwriting agreement dated May 19, 2025. The underwriters exercised in full their option to buy 390,000 additional shares on May 20, and the offering closed May 21 with net proceeds of approximately $275 million. The sale adds new shares to the company's common stock, and the filing does not state how the proceeds will be used.
Company issued 2,600,000 common shares at $96.20 per share, before underwriting discounts, in a registered public offering.
Underwriters exercised their 30-day option for 390,000 additional shares in full on May 20, 2025.
Offering closed May 21, 2025, with net proceeds of approximately $275 million after underwriting discounts and estimated expenses.
Morgan Stanley & Co. LLC, BofA Securities, Inc. and J.P. Morgan Securities LLC acted as representatives of the underwriters.
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