Ryman Hospitality closes $1.38 billion Grande Lakes Orlando buy, raises EBITDA outlook
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.
Key points
- 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.
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 September 01, 2026.
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.