Ryman Hospitality common stock offering
Analysis based on 10 articles · First reported Aug 10, 2026 · Last updated Aug 11, 2026
The offering will raise approximately $597 million (before expenses) to help finance the $1.38 billion acquisition of two luxury Orlando resorts, strengthening Ryman's portfolio and potentially boosting its growth prospects. The equity issuance may dilute existing shareholders in the near term, but the acquisition is expected to enhance long-term earnings and asset quality.
Ryman Hospitality Properties, Inc. (NYSE: RHP) announced on August 10, 2026 that it has commenced and priced an underwritten registered public offering of 5,100,000 shares of its common stock at $117.00 per share, with a 30-day option for underwriters to purchase up to 765,000 additional shares. The offering is expected to close on August 12, 2026. Net proceeds will be contributed to Ryman Hospitality Properties, which intends to use them to fund a portion of the approximately $1.38 billion purchase price for the pending acquisition of the JW Marriott Orlando Grande Lakes Resort and The Ritz-Carlton Orlando, Grande Lakes in Orlando, Florida. The balance will be funded with cash on hand and debt. The offering is being conducted under a shelf registration statement filed with the United States — United States Securities and Exchange Commission. Joint book-running managers include Meritz Securities, JPMorgan Chase, Morgan Stanley, and Wells Fargo — Wells Fargo, with additional bookrunners. The offering is not contingent on the completion of the Grande Lakes Acquisition.
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