Ryman Closes $1.38B Grande Lakes Acquisition, Raises 2026 EBITDA Guidance
RHP sits 47% above its 52-week low of $83.82.
Summary
Ryman closed its $1.38B Grande Lakes Orlando acquisition and raised 2026 Adjusted EBITDAre guidance by $32.5M at the midpoint, while Adjusted FFO per share guidance fell slightly due to dilution from the equity offering.
Key Events · M&A and Partnerships · RHP
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Grande Lakes Acquisition Closed
Completed the $1.38 billion purchase of Grande Lakes Orlando Resort, adding 1,592 rooms and 320,000 sq ft of meeting space in Orlando.
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2026 Adjusted EBITDAre Guidance Raised
Consolidated Adjusted EBITDAre midpoint increased by $32.5 million to $926.5 million, driven by expected Grande Lakes contribution of $30.0M-$35.0M.
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Adjusted FFO Per Share Slightly Lower
Adjusted FFO per diluted share midpoint lowered by $0.05 to $9.08, reflecting higher share count from the 5.9 million shares issued in August.
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Funding Completed
Acquisition funded with $658 million net proceeds from equity offering, $700 million of 6.250% senior notes due 2035, and cash on hand.
Analysis · RHP · Real Estate & Construction
Ryman completed its $1.38 billion acquisition of Grande Lakes Orlando Resort and updated full-year 2026 guidance to include the property's contribution. Consolidated Adjusted EBITDAre midpoint rises by $32.5 million to $926.5 million, while Adjusted FFO per diluted share midpoint dips $0.05 to $9.08 due to higher share count from the equity offering. The deal expands Ryman's presence in the nation's largest meetings market, adding 1,592 rooms and 320,000 square feet of meeting space.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 30% of the 1973 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.12%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, 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 filing was assessed with positive market sentiment and an importance score of 7 out of 10.