Overview
Ryman Hospitality Properties, Inc. is a U.S.-focused lodging and entertainment real estate investment trust. Its hospitality business owns large, upscale, group-oriented resorts and hotels, including properties operated under its Gaylord Hotels and JW Marriott brands. Its resorts serve leisure travelers as well as meetings and conventions, with locations including Nashville, Orlando, Dallas, Washington, D.C., Denver, San Antonio, and Phoenix. In September 2026, Ryman added Grande Lakes Orlando, comprising a JW Marriott and a Ritz-Carlton.[1][2]
Its other principal business is Opry Entertainment Group, which operates music venues and attractions including the Grand Ole Opry and Ryman Auditorium, as well as radio, restaurants, and live-entertainment venues. The company’s identity is closely tied to country music and live entertainment, alongside its resort business.[3][4] Ryman reported consolidated revenue of $2.577 billion for FY2025 and approximately 1,819 employees at year-end 2025. Its operations are concentrated in the United States.[5] [1][3][4][2][5]
Products & services
Ryman Hospitality Properties’ hotel offerings include guest-room stays, group and transient accommodations, convention and event space, banquet and outlet food and beverage, and other hotel services. Its portfolio includes five Gaylord Hotels and two JW Marriott resorts, totaling 11,869 rooms; the seven principal resorts offer between 243,000 and 640,000 square feet of meeting, exhibit and pre-function space.[1][6] Gaylord Opryland includes themed restaurants, gardens and atriums, a 27,000-square-foot spa and access to an 18-hole golf course. Other resort amenities include indoor gardens, pools and water experiences.[7][8][9][10][11]
Entertainment offerings include live performances, concerts, music venues, bars, event spaces, radio and festivals. Named products include the Grand Ole Opry, a recurring country-music show at the approximately 4,400-seat Opry House; Ryman Auditorium, a concert and performance venue with approximately 2,300 seats; six Ole Red music-venue and bar locations; and Category 10, a Luke Combs-themed bar, music and event-space brand. The company also operates WSM-AM, has an interest in festival producer Southern Entertainment, and manages additional amphitheaters.[12][13][3][14][15][16][17]
In 2025, Hospitality accounted for approximately 83% of reported revenue and Entertainment approximately 17%. Hospitality revenue included rooms, food and beverage, and other hotel revenue; Entertainment revenue included admissions and ticketing, food and beverage, and retail and other revenue. The company reports these figures by segment and category, not by individual brand or property.[18][19][20][21] [1][6][7][12][13][3][18][19][20][21][8][9][10][11][14][15][16][17]
Geographic presence
Ryman Hospitality Properties’ hotel portfolio is concentrated in the United States. Its nine hotels span six states: Tennessee (Nashville), Maryland (National Harbor, in the Washington, D.C. area), Texas (Grapevine/Dallas and San Antonio), Florida (Kissimmee/Orlando), Colorado (Aurora/Denver), and Arizona (Phoenix). The portfolio comprises five Gaylord resorts, two JW Marriott resorts and two overflow hotels, with 11,869 rooms reported across its core holdings.[6][22][23] The company describes its resorts as focused on the U.S. large-group meetings market.[24]
Its entertainment operations are also U.S.-based and include Nashville venues such as the Grand Ole Opry and Ryman Auditorium, Block 21 in Austin, Texas, and operations in Charlotte, North Carolina. Other identified venues include Ole Red locations in Nashville, Gatlinburg, Orlando, Tishomingo, Oklahoma, and Las Vegas; as of the second quarter of 2026, the company also managed amphitheaters in Nashville and near Greenville, South Carolina.[3][25][26] The company’s general and investor-relations office is at One Gaylord Drive, Nashville, Tennessee.[27]
The filings reviewed do not provide geographic revenue percentages or a regional employee distribution. Hotel-property employees are hired and maintained by third-party managers rather than employed or managed by Ryman.[28] [6][22][23][24][3][25][26][28][27]
Business segments
Ryman Hospitality Properties reports two revenue-generating segments: **Hospitality** and **Entertainment**. Hospitality comprises its meetings-focused hotels and resorts, including Gaylord Hotels and JW Marriott properties, as well as other hotel assets. Entertainment is operated through Opry Entertainment Group and includes live-music and entertainment venues and related businesses, such as the Grand Ole Opry, Ryman Auditorium, WSM-AM, Ole Red, Category 10, the Block 21 complex, and festival and event production.[23][29]
In the 2025 fiscal year, Hospitality generated $2.143 billion, approximately **83.2%** of the company’s $2.577 billion in total revenue; Entertainment generated $434.0 million, approximately **16.8%**. Percentages are calculated from reported segment revenue. The segment table also lists Corporate and Other, with no revenue reported for that category.[18][30] [23][29][18][30]
Company history
Ryman Hospitality Properties traces its corporate roots to Gaylord Entertainment, incorporated in 1956. Its Nashville hospitality and entertainment business developed around Opryland USA, which opened in 1972; the Grand Ole Opry moved to the Opry House in 1974, and the Opryland Hotel opened in 1977. Ryman Auditorium reopened as a performance venue after renovation in 1994.[31][12][32]
Gaylord expanded its destination-resort portfolio beyond Nashville with Gaylord Palms in 2002, Gaylord Texan in 2004 and Gaylord National in 2008. A major corporate transition followed on October 1, 2012, when Gaylord merged into Ryman Hospitality Properties, which became the surviving public company and began trading on the NYSE as RHP. The restructuring separated hotel real-estate ownership from hotel operations; Ryman’s REIT election took effect in 2013.[33][34][35][36][37]
Later milestones included the 2018 opening of Gaylord Rockies, acquisition of its remaining joint-venture interest in 2021, and additions to the portfolio through the 2022 acquisition of Austin’s Block 21 and the 2023 acquisition of JW Marriott Hill Country. Mark Fioravanti became CEO in 2023, succeeding Colin Reed, who became executive chairman.[38][39][40][41][42] [31][12][36][37][38][39][40][41][42][32][33][34][35]
Sources
- Ryman Hospitality Properties, Inc. — Full financial report (2026 Q 2)
- ir.rymanhp.com[2]
- www.sec.gov[5]
- Ryman Hospitality Properties, Inc. — Full financial report (2025 Y)
- www.rymanhp.com[8]
- www.rymanhp.com[9]
- www.rymanhp.com[10]
- www.rymanhp.com[11]
- www.rymanhp.com[14]
- www.rymanhp.com[15]
- www.rymanhp.com[16]
- www.rymanhp.com[17]
- www.rymanhp.com[27]
- Ryman Hospitality Properties, Inc. — Full financial report (2024 Y)
- www.ryman.com[32]
- ir.rymanhp.com[33]
- ir.rymanhp.com[34]
- ir.rymanhp.com[35]
- Ryman Hospitality Properties, Inc. — Full financial report (2023 Y)[38]
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