Gregory Vousvounis
Value, growth at reasonable price, long-term horizon, long only

Ryman Hospitality Offers A Big 5.4% Dividend But With Big Caveats

Ryman Hospitality Properties, Inc. (NYSE:RHP) is a newly created REIT (Real Estate Investment Trust) that manages the properties of its former self, Gaylord Entertainment. Ryman's properties can be divided into two distinct groups.

On the one hand we have the four huge convention hotels (Gaylord Opryland, Gaylord Palms, Gaylord Texan, Gaylord National) which along with the smaller Inn at Opryland account for 93% of Ryman's revenue. The great thing about these properties is this (emphasis mine):

From Ryman's website: Ryman Hospitality Properties owns four of the nine convention hotels with greater than 400,000 square feet of meeting space. The high replacement costs and long lead times for developing these large-scale resort ...
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