Ryman Bets $1.38 Billion On Luxury Orlando Hospitality Market
Ryman Hospitality (NYSE: RHP) to buy Grande Lakes Orlando for $1.38B. Deal includes a 5.1M share offering and expected FFO accretion.
Ryman Hospitality is spending $1.38 billion to buy a big fancy hotel in Orlando. When a company spends huge money like this, watch whether visitors actually come and whether the hotel makes money as expected.
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