Ryman Hospitality Properties, Inc. Provides Investor Supplement Ahead of 2020 REITweek Virtual Investor Conference (June 2-4...
June 01 2020 - 8:30AM
Ryman Hospitality Properties, Inc. (NYSE: RHP) (the “Company”)
today provided a business update and supplemental information ahead
of the 2020 REITweek Virtual Investor Conference (June 2-4) and the
Gabelli Entertainment & Broadcasting Conference (June 4).
The investor supplement can be located on the company’s website at
http://ir.rymanhp.com/events-and-presentations/presentations.
The Company will present to investors attending the 2020
REITWeek Virtual Conference, on Wednesday, June 3, at 10:10 a.m.
ET. Colin Reed, chairman and chief executive officer, will
participate in an analyst-led moderated discussion. Mark
Fioravanti, president and chief financial officer, Patrick Chaffin,
chief operating officer, and Todd Siefert, senior vice president of
corporate finance and treasurer, will also attend the
conference.
The Company will also present to investors attending the 2020
Gabelli Entertainment & Broadcasting Conference, on Thursday,
June 4, at 9:30 a.m. ET. Colin Reed, chairman and chief executive
officer, will participate in an analyst-led moderated discussion.
Mark Fioravanti, president and chief financial officer and Scott
Baily, president Opry Entertainment Group will also attend the
conference.
Both moderated discussions will be webcast and can be accessed
on Ryman Hospitality Properties’ website at www.rymanhp.com. To
listen to the webcast, please visit the investor relations section
of the website at least 15 minutes prior to the beginning of the
scheduled presentation to register, download and install necessary
multimedia streaming software. For those who cannot listen to the
live broadcast, a replay will be available after the presentation
and will run for 90 days.
About Ryman Hospitality Properties,
Inc.
Ryman Hospitality Properties, Inc. (NYSE: RHP) is a leading
lodging and hospitality real estate investment trust that
specializes in upscale convention center resorts and country music
entertainment experiences. The Company’s core holdings* include a
network of five of the top 10 largest non-gaming convention center
hotels in the United States based on total indoor meeting space.
These convention center resorts operate under the Gaylord Hotels
brand and are managed by Marriott International. The Company also
owns two adjacent ancillary hotels and a small number of
attractions managed by Marriott International for a combined total
of 10,110 rooms and more than 2.7 million square feet of total
indoor and outdoor meeting space in top convention and leisure
destinations across the country. The Company’s Entertainment
segment includes a growing collection of iconic and emerging
country music brands, including the Grand Ole Opry; Ryman
Auditorium, WSM 650 AM; Ole Red and Circle, a country lifestyle
media network the Company owns in a joint-venture partnership with
Gray Television. The Company operates its Entertainment segment as
part of a taxable REIT subsidiary.
*The Company is the sole owner of Gaylord Opryland Resort &
Convention Center; Gaylord Palms Resort & Convention Center;
Gaylord Texan Resort & Convention Center; and Gaylord National
Resort & Convention Center. It is the majority owner and
managing member of the joint venture that owns Gaylord Rockies
Resort & Convention Center.
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 anticipated impact of COVID-19 on
travel, transient and group demand, the anticipated impact of
COVID-19 on our results of operations, the amount and collection of
cancellation and attrition fees, cost containment efforts, efforts
to rebook customers for later dates in 2020 and later years, our
plans for reopening the our Gaylord Hotels properties and other
assets when the COVID-19 pandemic subsides and our use of cash
during the remainder of 2020. These forward-looking statements are
subject to risks and uncertainties that could cause actual results
to differ materially from the statements made. These risks and
uncertainties include, but are not limited to, the effects of the
COVID-19 pandemic on us and the hospitality and entertainment
industries generally; the effects of the COVID-19 pandemic on the
demand for travel, transient and group business (including
government-imposed restrictions); levels of consumer confidence in
the safety of travel and group gathering as a result of COVID-19;
the duration and severity of the COVID-19 pandemic in the United
States and the pace of recovery following the COVID-19 pandemic;
the duration and severity of the COVID-19 pandemic in the markets
where our assets are located; our ability to implement cost
containment strategies; and the adverse effects of COVID-19 on our
business or the market price of our common stock. Other factors
that could cause results to differ are described in the filings
made from time to time by the Company with the U.S. Securities and
Exchange Commission 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, 2019 and its Quarterly
Reports on Form 10-Q and subsequent filings. Except as required by
law, 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.
Source: Ryman Hospitality Properties, Inc.
Investor Relations Contacts: |
Media Contacts: |
Mark Fioravanti, President & Chief Financial Officer |
Shannon Sullivan, Vice President Corporate and Brand
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, Senior Vice President Corporate Finance &
Treasurer |
Robert Winters |
Ryman Hospitality Properties, Inc. |
Alpha IR Group |
(615) 316-6344 |
(929) 266-6315 |
tsiefert@rymanhp.com |
robert.winters@alpha-ir.com |
Ryman Hospitality Proper... (NYSE:RHP)
Historical Stock Chart
From Mar 2024 to Apr 2024
Ryman Hospitality Proper... (NYSE:RHP)
Historical Stock Chart
From Apr 2023 to Apr 2024