Ryman Hospitality Properties, Inc. Issues Statement Regarding Nashville-Area Tornado
- All Assets Remain Open for Business; No Damage or Operational Impact -
NASHVILLE, Tenn., March 04, 2020 (GLOBE NEWSWIRE) -- Ryman Hospitality Properties, Inc. (NYSE: RHP) shared the following statement from its Chairman and Chief Executive Officer, Colin Reed, related to the March 3, 2020 tornado that impacted Middle Tennessee.
“First and foremost, I want to express our deep concern and sadness for those in our community who have lost loved ones, homes and businesses as a result of Tuesday’s devastating tornado. We were fortunate that none of our assets and attractions, including Gaylord Opryland, were damaged during what was an intense and unpredictable storm. Our businesses remain operational, and our Grand Ole Opry and Ryman Auditorium events are going on as planned with no service interruptions. While the damage has been severe in other parts of the city and region, downtown Nashville’s entertainment district was largely unaffected and remains open for business. Our company is offering ongoing support and resources to impacted employees to assist with their personal recovery efforts, and we also stand ready to support community-wide recovery efforts in the days and weeks ahead.
As we approach the 10-year anniversary of the Nashville flood, we are reminded of the resilience that the city of Nashville and the state of Tennessee showed during that time and are heartened by the fact that Nashville has again come together as a community to assist those who need our help. In particular, I would like to thank the first responders who have worked tirelessly on recovery efforts. There is more work to be done, but we feel confident that Nashville will once again emerge a stronger city on the other side of this tragedy.”
About Ryman Hospitality Properties, Inc.
Ryman Hospitality Properties, Inc. (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and country music entertainment experiences. The Company’s core holdings* include a network of five of the top 10 largest non-gaming convention center hotels in the United States based on total indoor meeting space. These convention center resorts operate under the Gaylord Hotels brand and are managed by Marriott International. The Company also owns two adjacent ancillary hotels and a small number of attractions managed by Marriott International for a combined total of 10,110 rooms and more than 2.7 million square feet of total indoor and outdoor meeting space in top convention and leisure destinations across the country. The Company’s Entertainment segment includes a growing collection of iconic and emerging country music brands, including the Grand Ole Opry; Ryman Auditorium, WSM 650 AM; Ole Red and Circle, a country lifestyle media network the Company owns in a joint-venture partnership with Gray Television. The Company operates its Entertainment segment as part of a taxable REIT subsidiary.
*The Company is the sole owner of Gaylord Opryland Resort & Convention Center; Gaylord Palms Resort & Convention Center; Gaylord Texan Resort & Convention Center; and Gaylord National Resort & Convention Center. It is the majority owner and managing member of the joint venture that owns Gaylord Rockies Resort & Convention Center.
| Investor Relations Contacts: | Media Contacts: |
| Mark Fioravanti, President & Chief Financial Officer | Shannon Sullivan, Vice President Corporate and Brand Communications |
| Ryman Hospitality Properties, Inc. | Ryman Hospitality Properties, Inc. |
| (615) 316-6588 | (615) 316-6725 |
| ~or~ | ~or~ |
| Todd Siefert, Vice President Corporate Finance & Treasurer | Robert Winters |
| Ryman Hospitality Properties, Inc. | Alpha IR Group |
| (615) 316-6344 | (929) 266-6315 |
