Ryman Hospitality Properties, Inc. Declares Fourth Quarter Dividend
December 08 2017 - 4:15PM
Ryman Hospitality Properties, Inc. (NYSE:RHP) today announced that
its Board of Directors declared a cash dividend of $0.80 per share
of common stock payable on January 16, 2018 to stockholders of
record on December 29, 2017.
About Ryman Hospitality Properties,
Inc.
Ryman Hospitality Properties, Inc. (NYSE:RHP) is
a REIT for federal income tax purposes, specializing in
group-oriented, destination hotel assets in urban and resort
markets. The Company’s owned assets include a network of four
upscale, meetings-focused resorts totaling 7,811 rooms that are
managed by lodging operator Marriott International, Inc. under the
Gaylord Hotels brand. Other owned assets managed by Marriott
International, Inc. include Gaylord Springs Golf Links, the
Wildhorse Saloon, the General Jackson Showboat, The Inn at
Opryland, a 303-room overflow hotel adjacent to Gaylord Opryland
and AC Hotel Washington, DC at National Harbor, a 192-room overflow
hotel near Gaylord National. The Company also owns and operates
media and entertainment assets, including the Grand Ole Opry, the
legendary weekly showcase of country music’s finest performers for
over 90 years; the Ryman Auditorium, the storied former home of the
Grand Ole Opry located in downtown Nashville; 650 AM WSM, the
Opry’s radio home; and Ole Red, a country lifestyle and
entertainment brand. The company also is a joint venture partner in
Opry City Stage, the Opry’s first home away from home, in Times
Square. For additional information about Ryman Hospitality
Properties, visit www.rymanhp.com.
Cautionary Note Regarding
Forward-Looking Statements
This press release contains statements as to the
Company’s beliefs and expectations of the outcome of future events
that are forward-looking statements as defined in the Private
Securities Litigation Reform Act of 1995. You can identify these
statements by the fact that they do not relate strictly to
historical or current facts. Examples of these statements include,
but are not limited to, statements regarding the future payment of
dividends. These forward-looking statements are subject to risks
and uncertainties that could cause actual results to differ
materially from the statements made. These include the risks and
uncertainties associated with economic conditions affecting the
hospitality business generally, the geographic concentration of the
Company’s hotel properties, business levels at the Company’s
hotels, the effect of the Company’s election to be taxed as a REIT
for federal income tax purposes commencing with the year
ended December 31, 2013, the Company’s ability to remain
qualified as a REIT, the Company’s ability to execute its strategic
goals as a REIT, the Company’s ability to generate cash flows to
support dividends, and the Company’s ability to borrow funds
pursuant to its credit agreement. Other factors that could cause
operating and financial results to differ are described in the
filings made from time to time by the Company with the U.S.
Securities and Exchange Commission (SEC) and include the risk
factors and other risks and uncertainties described in the
Company’s Annual Report on Form 10-K for the fiscal year
ended December 31, 2016 and its Quarterly Reports on Form
10-Q and subsequent filings. The Company does not undertake any
obligation to release publicly any revisions to forward-looking
statements made by it to reflect events or circumstances occurring
after the date hereof or the occurrence of unanticipated
events.
Investor Relations Contacts: |
Media Contacts: |
Mark Fioravanti, President and Chief Financial Officer |
Shannon Sullivan, Director of Corporate Communications |
Ryman Hospitality Properties, Inc. |
Ryman Hospitality Properties, Inc. |
(615) 316-6588 |
(615) 316-6725 |
mfioravanti@rymanhp.com |
ssullivan@rymanhp.com |
~or~ |
~or~ |
Todd Siefert, Vice President Corporate Finance & Treasurer |
Robert Winters or Sam Gibbons |
Ryman Hospitality Properties, Inc. |
Alpha IR Group |
(615) 316-6344 |
(929) 266-6315 or (312) 445-2874 |
tsiefert@rymanhp.com |
robert.winters@alpha-ir.com; sam.gibbons@alpha-ir.com |
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