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Get filing alertsRyman Hospitality closes $1.38B Grande Lakes Orlando acquisition, updates 2026 guidance
Filed September 1, 2026 · Period ending September 1, 2026 · ~1 min read
Key Changes
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Completed purchase of JW Marriott and Ritz-Carlton Grande Lakes Orlando for approximately $1.38 billion.
Item 2.01 verify on EDGAR → -
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Financed with 5,865,000 common shares at $117.00 per share, $700 million of 6.250% senior notes due 2035, and cash on hand.
Item 2.01 verify on EDGAR → -
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2026 consolidated Adjusted EBITDAre guidance raised to $908.0–$945.0 million (midpoint $926.5 million), up from prior midpoint of $894.0 million.
Exhibit 99.1 view on EDGAR → -
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Adjusted FFO per diluted share/unit guidance midpoint lowered to $9.08 from $9.13 due to increased share count from August 2026 equity issuance.
Exhibit 99.1 view on EDGAR → -
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Net income per diluted share guidance midpoint lowered to $3.93 from $4.11, reflecting higher share count and inclusion of Grande Lakes Orlando.
Exhibit 99.1 view on EDGAR →
Summary
Ryman Hospitality Properties completed its previously announced acquisition of the Grande Lakes Orlando resort complex on September 1, 2026, paying approximately $1.38 billion for the JW Marriott and Ritz-Carlton properties.
The purchase was funded through a combination of a public stock offering of 5,865,000 shares at $117.00 per share, a $700 million private placement of 6.250% senior notes due 2035, and cash on hand. The acquisition adds two luxury hotels with roughly 1,592 rooms and 320,000 square feet of meeting space to Ryman's portfolio. Alongside the closing, Ryman updated its 2026 financial guidance to incorporate the new resort.
Consolidated Adjusted EBITDAre guidance was raised to a midpoint of $926.5 million, up from $894.0 million, reflecting the expected contribution from Grande Lakes Orlando. However, per-share metrics were tempered by the equity issuance: Adjusted FFO per diluted share/unit guidance midpoint declined to $9.08 from $9.13, and net income per diluted share midpoint fell to $3.93 from $4.11, primarily due to the higher share count. The transaction expands Ryman's presence in the Orlando market and is expected to be accretive to Adjusted EBITDAre, but the financing mix introduces both dilution and additional leverage. Investors should note the updated guidance reflects management's expectations for the combined entity, with the full-year impact of the acquisition and financing now embedded in the company's outlook.
Section-by-Section Diff
Event · Item 2.01 — Completion of Acquisition or Disposition of Assets
Ryman Hospitality completed its $1.38B purchase of two Orlando Grande Lakes resorts, funded by stock and note offerings plus cash.
Added in current filing · verify on EDGAR →
On September 1, 2026, a subsidiary of Ryman Hospitality Properties, Inc. (the “Company”), RHP Property GLO, LLC (“Buyer”), completed the previously announced purchase of the JW Marriott Orlando Grande Lakes Resort and The Ritz-Carlton Orlando, Grande Lakes located in Orlando, Florida (collectively, the “Grande Lakes Acquisition”), pursuant to an Agreement of Purchase and Sale (the “Purchase Agreement”) with GLO Hotel Owner LLC.
The company closed its acquisition of two luxury Orlando resorts on September 1, 2026. The deal was previously announced and was completed through a subsidiary, RHP Property GLO, LLC.
Added in current filing · verify on EDGAR →
The aggregate purchase price paid by Buyer was approximately $1.38 billion
Ryman paid approximately $1.38 billion for the two resorts. This is a large transaction relative to the company's size and materially expands its hospitality portfolio.
Event · Item 7.01 — Regulation FD Disclosure
Ryman Hospitality closed the Grande Lakes Acquisition and revised 2026 guidance for certain financial measures.
Added in current filing · verify on EDGAR →
announcing the closing of the Grande Lakes Acquisition
The company announced it has completed the Grande Lakes Acquisition. The filing does not disclose the purchase price or other transaction terms in the body of the 8-K; those details would be in the furnished press release (Exhibit 99.1).
Added in current filing · verify on EDGAR →
revising guidance for certain financial measures for 2026
Ryman Hospitality is updating its 2026 guidance for certain financial measures. The specific revised figures are not stated in the 8-K body and would appear in the furnished press release.
Event · Exhibit 99.1
Ryman closed its $1.38B acquisition of Grande Lakes Orlando and updated 2026 guidance to include the resort.
Added in current filing · view on EDGAR →
The purchase price for the acquisition, subject to certain purchase price adjustments, totaled approximately $1.38 billion.
Ryman completed the previously announced acquisition of Grande Lakes Orlando Resort in Orlando, Florida. The property includes two hotels, a 1,010-room JW Marriott and a 582-room Ritz-Carlton, with approximately 320,000 square feet of meeting and event space. Note: these figures were previously disclosed in the company's Aug 10, 2026 8-K.
Added in current filing · view on EDGAR →
Grande Lakes Orlando | 11.0 | 14.0 | 12.5 | N/A | N/A | N/A | 12.5
The updated 2026 guidance adds Grande Lakes Orlando's expected contribution. Operating income from the resort is guided at $11.0 million to $14.0 million (midpoint $12.5 million), and Adjusted EBITDAre at $30.0 million to $35.0 million (midpoint $32.5 million).
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Figures/quotes linked to EDGAR · Narrative written by AI · Sep 2, 2026 · How we verify