Ryman Hospitality to Purchase Resort Hotel from Blackstone for $800 Million
June 05 2023 - 5:17PM
Dow Jones News
By Denny Jacob
Ryman Hospitality Properties on Monday said it agreed to
purchase JW Marriott San Antonio Hill Country Resort & Spa from
Blackstone's real-estate investment trust for $800 million.
The announcement follows an earlier report from The Wall Street
Journal, which detailed terms of the deal.
Ryman, the Nashville-based real estate investment trust, said it
and Blackstone Real Estate Investment Trust, the fund that owns the
resort, expect the acquisition to close in the second or third
quarter. Ryman said it plans for the resort to continue to operate
under the JW Marriott flag.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
June 05, 2023 17:02 ET (21:02 GMT)
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