Ryman Closes $1.38B Grande Lakes Orlando Deal, Lifts 2026 EBITDA Outlook
RHP sits 47% above its 52-week low of $83.82.
Summary
Ryman completed its $1.38 billion acquisition of Grande Lakes Orlando Resort, adding 1,592 rooms and 320,000 sq ft of meeting space in the nation's largest meetings market. The company updated full-year 2026 guidance to include the property, raising consolidated Adjusted EBITDAre midpoint by $32.5 million to $926.5 million and operating income midpoint by $12.5 million to $562.9 million. Adjusted FFO per share midpoint dipped $0.05 to $9.08 due to the 5.9 million shares issued in August to fund the deal. The acquisition strengthens Ryman's group rotation strategy and expands its Orlando footprint, though the per-share dilution from the equity offering tempers the immediate accretion. Next earnings release will confirm whether the property's contribution meets the guided $30-35 million Adjusted EBITDAre range.
At the time of this announcement, RHP was trading at $123.46 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $8.4B. The 52-week trading range was $83.82 to $137.46. This news item was assessed with neutral market sentiment and an importance score of 9 out of 10. Source: GlobeNewswire.