Ryman Hospitality prices 5.1M-share offering at market to fund $1.38B Grande Lakes Acquisition

Filed August 10, 2026 · ~2 min read

Key Changes

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  Ryman Hospitality is offering 5.1 million shares at market to raise $1.4 billion in net proceeds, all earmarked to fund a portion of the approximately $1.38 billion Grande Lakes Acquisition (two JW Marriott and Ritz-Carlton properties in Orlando). The balance of the purchase price will be funded through cash on hand and debt financing.

  Use of Proceeds verify on EDGAR →
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  The offering is NOT contingent on the Grande Lakes Acquisition closing. If the deal falls through, management has full discretion over the proceeds with no committed alternative use, while existing shareholders will have been diluted by 5.1 million shares and face higher dividend obligations without the acquisition's intended benefits.

  Risk Factors verify on EDGAR →
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  All of Ryman's hotels are managed by Marriott under Marriott-owned brands (Gaylord Hotels, JW Marriott, The Ritz-Carlton). Following the Grande Lakes Acquisition, this concentration deepens: the company's success is directly tied to Marriott's brand strength and operational performance.

  Risk Factors verify on EDGAR →