Ryman Hospitality Properties, Inc. Reports First Quarter 2025 Results

About this update from Ryman Hospitality Properties, Inc. (reit)

[{"type":"image","alt":"Ryman Hospitality Properties, Inc.","displaySize":"","headline":null,"caption":"Ryman Hospitality Properties, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":94,"url":"https://media.zenfs.com/en/globenewswire.com/148ef6a479432b0befe6860c8e416c5e"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/LsDQEEAUweISDXhJbbtbnA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTEzMjtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/148ef6a479432b0befe6860c8e416c5e","width":300,"height":94}},"lazy":false},{"type":"text","content":"NASHVILLE, Tenn., May 01, 2025 (GLOBE NEWSWIRE) -- Ryman Hospitality Properties, Inc. (NYSE: RHP), a lodging real estate investment trust (“REIT”) specializing in group-oriented, destination hotel assets in urban and resort markets, today reported financial results for the three months ended March 31, 2025.","length":308,"tagName":"p"},{"type":"text","content":"First Quarter 2025 Highlights and Recent Developments:","length":54,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"The Company reported first quarter records for consolidated revenue of $587.3 million, Hospitality segment revenue of $497.7 million and Entertainment segment revenue of $89.6 million. ","length":184,"tagName":"p"}]},{"val":[{"type":"text","content":"The Company also generated first quarter records for consolidated net income of $63.0 million and consolidated Adjusted EBITDAre of $185.5 million.","length":147,"tagName":"p"}]},{"val":[{"type":"text","content":"During the quarter, the Company booked over 363,000 Gross Definite Room Nights for all future years at a record estimated average daily rate (ADR) for future bookings booked during any first quarter of approximately $284.","length":221,"tagName":"p"}]},{"val":[{"type":"text","content":"In the first quarter, Opry Entertainment Group (OEG) made a strategic investment in Southern Entertainment, a leading independent festival and live event operator. Subsequent to quarter-end, the Metropolitan Government of Nashville announced its intent to award OEG a 10-year contract to operate the 6,800-seat Ascend Amphitheater in downtown Nashville, Tennessee, beginning in 2026, pending successful contract negotiations. ","length":425,"tagName":"p"}]},{"val":[{"type":"text","content":"Subsequent to quarter-end, OEG successfully defeased its obligat...

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