Ryman Hospitality closes $865 million purchase of JW Marriott Phoenix Desert Ridge resort
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.
Key points
- 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.
The filing
Written by AI on Nov 8, 2026, 1:17 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on June 10, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.