Ryman Hospitality Properties, Inc. Declares Third Quarter Dividend
September 17 2018 - 4:15PM
Ryman Hospitality Properties, Inc. (NYSE: RHP) today announced that
its Board of Directors declared a cash dividend of $0.85 per share
of common stock payable on October 15, 2018 to stockholders of
record on September 28, 2018.
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 8,114 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 hotel near Gaylord National.
The Company also owns and operates media and entertainment assets,
including the Grand Ole Opry (opry.com), 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; Ole Red, a country lifestyle and entertainment
brand; and 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 StatementsThis 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 performance of our business, availability of revolving
borrowings, new projects or investments, and other business or
operational issues. 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.
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Investor Relations Contacts: |
Media Contacts: |
Mark Fioravanti, President and Chief Financial Officer |
Shannon Sullivan, Vice President of Corporate & Brand
Communications |
Ryman Hospitality Properties, Inc. |
Ryman Hospitality Properties, Inc. |
615-316-6588 |
(615) 316-6302 |
mfioravanti@rymanhp.com |
babrahamson@rymanhp.com |
~or~ |
~or~ |
Todd Siefert, Vice President of 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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