Ryman Hospitality Properties (NYSE: RHP) owns the group-business fortress of lodging: the five massive Gaylord convention resorts plus the JW Marriott Hill Country, where conventions book years in advance, giving RHP revenue visibility no transient hotel owner has, plus a majority stake in Opry Entertainment Group (the Grand Ole Opry, Ryman Auditorium) as a growing non-REIT kicker.
| Ryman Hospitality Properties (RHP) Snapshot | |
|---|---|
| Share Price (delayed) | $131.71 -1.45% |
| Market Cap | $8.3B |
| Annualized Dividend | $4.75 (Quarterly) |
| Dividend Yield | 3.61% |
| Sector | Hotels ยท Group & Convention |
Market data updates automatically several times daily. Last price refresh: Aug 03, 2026.
Business Model
Group and convention business is the moat: multi-year advance bookings, huge banquet and catering spend per guest, and properties so large (2,000 to 3,000 rooms with millions of square feet of meeting space) that no competitor can replicate the network. The entertainment segment adds country-music media and venues growing independently of hotel cycles.
Dividend Safety Analysis
RHP suspended in the pandemic like every hotel REIT, then restored and grew the dividend well past pre-pandemic levels as group demand roared back. Coverage runs conservative for a hotel owner because group bookings smooth the cash flow other lodging REITs can’t predict.
The Honest Risk Section
Concentration cubed: a handful of enormous assets, one demand segment (group), and a sub-investment-grade balance sheet carrying resort-scale debt. If corporate meetings ever structurally shrink (the perennial fear that hasn’t happened), RHP is the pure play on the wrong side. Nashville-area exposure is also meaningful across both segments.
Frequently Asked Questions
What makes Ryman different from other hotel REITs?
Group-focused Gaylord mega-resorts with years of advance bookings, giving revenue visibility transient hotels lack, plus the Opry entertainment business as a second engine.
Is Ryman’s dividend safe?
Coverage is strong for a hotel REIT thanks to group booking visibility, though like all lodging names it suspended in 2020 and remains cyclical by nature.
Analysis based on company disclosures through Q1 2026. Live market data updates automatically. Independent research, not investment advice.