Ryman Hospitality Properties, Inc. Provides Update on Phase 3 of Nashville, Tennessee’s COVID-19 Reopening Plan
September 24 2020 - 4:58PM
Ryman Hospitality Properties, Inc. (NYSE: RHP) (the “Company”)
today provided the following update:
Today Nashville Mayor John Cooper announced that Phase 3 of the
city’s COVID-19 reopening plan, which will begin on Thursday,
October 1, permits conventions and other group events to expand to
a capacity of up to 500 persons with Nashville Health Department
approval. The local mask mandate and other social distancing
guidelines continue to remain in effect.
Colin Reed, Chairman and Chief Executive Officer of the Company,
said, “We are pleased to see these increased group capacities,
which we believe is an important next step in Nashville’s recovery.
This expansion will allow Gaylord Opryland to host more convention
and group customers who have expressed a desire to begin meeting in
person again.
“Following this expansion, our four operating Gaylord Hotels
currently can conduct meetings as follows, in each case subject to
applicable social distancing requirements and mask mandates:
|
Gaylord
Opryland—Group events of up to 500 persons. |
|
Gaylord Palms—Group events of any size. |
|
Gaylord Texan—Group events at 50% of stated
capacity. |
|
Gaylord Rockies—Group events of up to 100
persons. |
Reed continued, “Nashville’s new Phase 3 also means that we will
begin hosting up to 500 people for Opry performances at the Grand
Ole Opry House and for concerts at Ryman Auditorium, as well as an
increased number of patrons at Ole Red Nashville. As part of the
Grand Ole Opry’s 95th anniversary celebration on Saturday, October
3, we have made 500 tickets available to the public for the first
time since we suspended shows with a live audience in March.”
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 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, efforts to rebook customers
for later dates in 2020 and later years, and our ability to conduct
concerts and other public events at the Grand Ole
Opry and the Ryman Auditorium. 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; 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 & ChiefFinancial Officer |
Shannon Sullivan, Vice President Corporate andBrand
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 PresidentCorporate 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 |
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