Ryman Hospitality Properties completed its acquisition of the JW Marriott Orlando Grande Lakes Resort and The Ritz-Carlton Orlando for approximately $1.38 billion on September 1, 2026. The transaction was funded through an August equity offering of 5,865,000 shares at $117.00 per share, a $700 million private placement of 6.250% senior notes due 2035, and cash on hand. Concurrently, the company revised its full-year 2026 guidance to include Grande Lakes Orlando's contribution, raising the midpoint for consolidated Adjusted EBITDAre by $32.5 million to $926.5 million and FFO per diluted share by $0.17 to $9.13. Ryman Hospitality Properties operates as a lodging real estate investment trust specializing in upscale convention center resorts and entertainment experiences.
