Dependence on Marriott-managed brands
Hotel performance is tied to Marriott’s management quality and brand perception.
- Scope
- Gaylord Hotels and JW Marriott properties
- Materiality
- high
Ryman Hospitality Properties, Inc.
Ryman Hospitality Properties, Inc. is a U.S.-based REIT that owns and operates group-oriented destination hotel assets in urban and resort markets. It also holds a controlling interest in Opry Entertainment Group, which includes live music venues, radio, festivals, and related entertainment assets centered largely in Nashville and other U.S. markets.
29,7 %
44,1 %
9,4 %
+10,2 %
| % | |
|---|---|
| Hospitality | 83% Large-scale destination hotels and resort properties with meeting, convention, and ancillary amenities. |
| Entertainment | 17% Music, venue, radio, festival, and mixed-use entertainment assets operated through OEG. |
| Corporate and Other | 0% Corporate-level expenses and other non-operating items. |
Ryman serves group travel customers that need large meeting and convention facilities, including corporate meetings,...
- Group meetings and conventionsprimary
Corporate, association, and event groups that book large hotels with extensive meeting and exhibit space.
- Regional leisure transient guestssecondary
Individual travelers staying at Gaylord and JW Marriott properties for leisure and destination trips.
- Live entertainment audiencessecondary
Consumers attending concerts, shows, and branded venue experiences at Opry, Ryman, Ole Red, and Category 10.
- Festival and event attendeessecondary
Guests and sponsors participating in music festivals and event production activities through Southern Entertainment.
Ryman’s hotel portfolio is concentrated in the United States, with properties in major urban and resort markets and a...
- •Operations are concentrated in the United States
- •Hotel assets target urban and resort convention markets
- •Nashville is the anchor market for entertainment assets
- •Additional entertainment growth spans Austin, Charlotte, Phoenix, Las Vegas, Orlando
- •Phoenix is a newer hotel market through JW Marriott Desert Ridge
Ryman’s strategy is to remain focused on large, group-oriented hotel assets that combine meeting space, lodging, food...
01
Expand the hotel asset portfoliomedium-term
Adds scale and geographic diversity while staying within the group-hotel niche.
02
Optimize large-format hotel design and operationslong-term
Integrated meeting, lodging, and amenities support group demand and pricing power.
03
Grow entertainment and venue assetsmedium-term
Entertainment assets diversify revenue and reinforce the company’s Nashville-centered brand.
Ryman is exposed to hotel demand cycles, especially group bookings, convention activity, and travel trends that affect...
Cybersecurity and data protection
Hotel and entertainment operations rely on connected systems and guest data.
- Scope
- Property systems, cloud services, third-party providers
- Materiality
- high
Group travel and convention cyclicality
A large share of hotel demand comes from meetings and events that can fluctuate materially.
- Scope
- Hospitality segment
- Materiality
- high
Integration risk for newly acquired hotels
New markets and assets can require additional time, cost, and management attention.
- Scope
- JW Marriott Desert Ridge
- Materiality
- medium
Long-lived asset impairment
Can materially affect reported earnings if asset values decline
Acquisition accounting and purchase price allocation
Affects depreciation, amortization, and future earnings
Attrition and cancellation fee recognition
Can create quarter-to-quarter revenue volatility
Legal contingencies and credit losses
May require reserves or disclosures that affect results
: 29.4.2026