RYMAN HOSPITALITY PROPERTIES Refinances $700M Credit Facility and $500M Term Loan

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Ryman Hospitality Properties ($NYSE:RHP) is a real estate investment trust that specializes in the ownership, development, and operations of luxury hotels and resorts. The company is publicly traded on the New York Stock Exchange under the ticker symbol RHP. Recently, the company has announced that it has refinanced its $700M credit facility and $500M term loan with improved terms that are expected to provide increased financial flexibility and reduce interest costs. Both loans are collateralized by Ryman’s owned hotel properties and have a five-year term with no principal payments due before maturity.

The refinancing transaction is expected to improve Ryman’s balance sheet, enhance its financial flexibility and provide the company with more access to capital. Overall, Ryman Hospitality Properties’ refinancing moves demonstrate the company’s commitment to strengthening its financial profile and expanding its operations. This move is expected to benefit the company’s stakeholders in the long-term.

Market Price

As a result, the company’s stock opened at $93.6 and closed at $94.6, indicating a slight increase of 0.9% from the previous closing price of 93.8. This is a positive sign for the company as it can now use the additional capital to strengthen its position in the hospitality industry. RYMAN HOSPITALITY PROPERTIES is an American hospitality company that owns, operates, and develops hospitality properties such as hotels, resorts, and golf courses. With the new refinancing, RYMAN HOSPITALITY PROPERTIES is well-positioned to continue to provide a high quality experience for customers while also investing in growth opportunities. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for RHP. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for RHP. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for RHP. More…

Key Ratios Snapshot

Some of the financial key ratios for RHP are shown below. More…

Analysis

At GoodWhale, we analyze the fundamentals of RYMAN HOSPITALITY PROPERTIES with our comprehensive tool. Based on our Star Chart, RYMAN HOSPITALITY PROPERTIES is strong in liquidity and medium in asset, dividend, growth, and profitability – making it a ‘cow’, a type of company we conclude has the track record of paying out consistent and sustainable dividends. Therefore, RYMAN HOSPITALITY PROPERTIES might be an attractive investment for investors that prioritize income generation over capital appreciation. Moreover, RYMAN HOSPITALITY PROPERTIES has an intermediate health score of 5/10 with regard to its cashflows and debt, which might be able to sustain future operations in times of crisis. More…

Peers

The company owns or operates a portfolio of properties, including the historic Ryman Auditorium, the Grand Ole Opry, and the Opryland Hotel in Nashville, Tennessee. Ryman also owns and operates a number of other hotels and resorts, including the Gaylord Palms Resort & Convention Center in Orlando, Florida and the Gaylord Texan Resort & Convention Center in Grapevine, Texas. Sunstone Hotel Investors, Inc. is a real estate investment trust (REIT) that specializes in owning, acquiring, redeveloping, and operating upscale, full-service hotels in the United States. Braemar Hotels & Resorts, Inc. is a real estate investment trust (REIT) that specializes in owning and operating upscale, full-service hotels and resorts in the United States. Summit Hotel Properties, Inc. is a real estate investment trust (REIT) that specializes in owning premium-branded, select-service hotels in the United States.

– Sunstone Hotel Investors Inc ($NYSE:SHO)

Sunstone Hotel Investors Inc., a real estate investment trust (REIT), focuses on the ownership of upscale, full-service hotels in the United States. As of December 31, 2020, the company’s portfolio consisted of 97 hotels with a total of 19,011 rooms. The company was founded in 1995 and is headquartered in Irvine, California.

– Braemar Hotels & Resorts Inc ($NYSE:BHR)

As of 2022, Braemar Hotels & Resorts Inc’s market cap is $333 million. The company owns, operates, and develops hotels and resorts. Its portfolio includes properties in North America, Europe, and Asia.

– Summit Hotel Properties Inc ($NYSE:INN)

Summit Hotel Properties, Inc. owns, acquires, renovates, develops, repositions and operates premium hotels in the upper-upscale segment of the lodging industry. As of December 31, 2020, the Company’s portfolio consisted of 69 hotels with 11,196 rooms across 31 markets in 23 states.

Summary

Ryman Hospitality Properties recently announced that it has refinanced its $700M credit facility and a $500M term loan, providing the company with the financial flexibility to continue serving its customers. This news has been welcomed as a positive sign by investors, as it indicates that Ryman’s long-term prospects remain strong despite economic uncertainty. The refinancing is also expected to reduce interest expenses in the future, as well as provide additional liquidity which can be used for strategic investments.

The company’s stock price has risen slightly since the announcement, suggesting that investors are confident in Ryman’s ability to continue to deliver shareholder value. Overall, this news is seen as a positive step for Ryman Hospitality Properties and it appears to have been well received by investors.