Ryman Hospitality Agrees To Purchase Fee Simple Interest In Grande Lakes Orlando Resort In Orlando, Florida, For $1.38B From Trinity Investments
Ryman Hospitality Properties, Inc. (NYSE:RHP) (the "Company"), a lodging real estate investment trust ("REIT") specializing in group-oriented, upscale convention center resorts and entertainment
Ryman Hospitality is buying a big, fancy resort in Orlando for $1.38 billion. This shows the company is spending money to own more hotels, which could help it make more money from guests—but also means it's taking a big bet on the future.
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