Ryman Hospitality Properties and Country Music seem to go hand in hand with each other and anyone interested in Country Music eventually ends up at the Grand Ole Opry and the Gaylord Opryland Hotel. Add in the original Ryman Auditorium, WSM radio and the three additional convention and hotel properties, and you have a destination point for a lot of business activity.
Ryman Hospitality Properties, Inc. owns and operates hotels in the United States. Its Hospitality segment operates a network of meetings-focused resorts, including the Gaylord Opryland Resort and Convention Center in Nashville, Tennessee; the Gaylord Opryland Resort and Convention Center in Kissimmee, Florida; the Gaylord Texan Resort and Convention Center in Grapevine, Texas; and the Gaylord National Resort and Convention Center in Prince George's County, Maryland. As of February 15, 2013, this segment's network of resorts had 7,797 rooms. It also owns and operates the Inn hotel with approximately 303 rooms at Opryland. The company's Opry and Attractions segment owns and operates Nashville-based tourist attractions, including the Grand Ole Opry, a live country music show; the Ryman Auditorium, a venue with approximately 2,300 seats for concerts and musical productions; the General Jackson Showboat, a 300-foot, four-deck paddle wheel showboat on the Cumberland river; the Gaylord Springs Golf Links, a clubhouse, which provides meeting space for approximately 500 guests; and the Wildhorse Saloon, a country music performance venue. This segment also operates WSM-AM, a radio broadcasting station. Ryman Hospitality Properties, Inc. qualifies as a real estate investment trust for federal income tax purposes. The company generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Ryman Hospitality Properties, Inc. was founded in 1955 and is headquartered in Nashville, Tennessee.
(Summary) (Company) (Chart)
| 14 October 2015 Price $53.21 1yr Target $61.71 Analysts 7 Dividend $2.80 Payout Ratio 119.14% 1yr Cap Gain 15.97% Yield 5.26% 1yr Tot Return 21.23% | EPS (ttm) $2.35 EPS next yr $3.11 EPS next 5yr 19.94% 1yr Potential $62.01 P/E 22.64 PEG 1.14 Beta 1.29 Market Cap $2.73 Bil Revenues $1.06 Bil Earnings $123.30 Mil Profit Margin 11.60% | 1yr EarnGR 19.88% 3yr EarnGR 119.63% 5yr EarnGR --- 1yr DivGR 18.18% 3yr DivGR --- 5yr DivGR --- Quick Ratio --- Current Ratio --- Debt/Equity 3.91 ROA 5.00% ROE 28.30% |
Gaylord Opryland Resort Gaylord Opryland is one of the leading convention destinations in the United States based upon number of rooms, exhibit space and conventions held. Designed with lavish gardens and expansive atrium areas, the resort is situated on approximately 172 acres. Gaylord Opryland is the largest non-gaming hotel in the continental United States. The resort has a number of themed restaurants, retail outlets and a full-service spa. It also serves as a destination resort for vacationers due to its proximity to the Grand Ole Opry, the General Jackson Showboat, Gaylord Springs Golf Links (Gaylord’s 18-hole championship golf course) and other attractions in the Nashville area. Gaylord Opryland has 2,882 signature guest rooms and approximately 640,000 square feet of meeting and exhibit space.
Gaylord Texas Resort Gaylord Texan is situated on approximately 85 acres and is located approximately five miles from the Dallas/Fort Worth International Airport. Of the 85 acres, we own 75 acres and lease approximately 10 acres pursuant to a ground lease. The hotel features a lavish and expansive atrium, 1,511 signature guest rooms and approximately 400,000 square feet of meeting and exhibit space. The property also includes a number of themed restaurants, retail outlets and a full-service spa. Guests also have access to the adjacent Cowboys Golf Club. In 2006, we opened the Glass Cactus entertainment complex, an approximately 39,000 square-foot venue with a performance stage, dance floor and two-story outdoor deck, on land we own adjacent to the hotel. In 2011, we opened the Paradise Springs resort pool, a western-themed 10-acre resort pool and lazy river complex.
Gaylord National Resort Gaylord National opened in April 2008 and is situated on approximately 42 acres of land located on the Potomac River in Prince George’s County, Maryland, eight miles south of Washington, D.C. The hotel has 1,996 signature guest rooms and approximately 470,000 square feet of meeting and exhibit space. The hotel complex includes an 18-story glass atrium, a 20,000-square-foot spa and fitness center and entertainment options such as restaurants, shops and a two-story rooftop nightclub.
Gaylord Palms Resort Gaylord Palms has 1,406 signature guest rooms and approximately 400,000 square feet of meeting and exhibit space. The resort is situated on a 65-acre site in Kissimmee, Florida, which we have leased pursuant to a 75-year ground lease with a 24-year renewal option. The resort is approximately a five-minute drive from the main gate of the Walt Disney World® Resort complex. Gaylord Palms has a number of themed restaurants, retail outlets and a full-service spa, with 20,000 square feet of dedicated space. In 2012, a new resort pool and a two-story sports bar complex opened at Gaylord Palms. Hotel guests also have golf privileges at the world class Falcon’s Fire Golf Club, located a half-mile from the property.
My Perspective
I generally like REITs because they seem to throw off a lot of cash to their shareholders and I like that a lot. These properties are first class properties and they generate a lot of convention business because of both their facilities and their specific locations. I expect this company to continue to deliver excellent returns as long as Country Music remains popular.
I also expect that Ryman will be able to expand to other locations that would attract visitors and conventioneers throughout the United States. Sales and earnings growth along with a nice fat growing dividend is always a plus, but a company so synonymous with Country Music and the country lifestyle will surely be a destination spot for a large portion of the population of this country and for many around the world.
I generally like REITs because they seem to throw off a lot of cash to their shareholders and I like that a lot. These properties are first class properties and they generate a lot of convention business because of both their facilities and their specific locations. I expect this company to continue to deliver excellent returns as long as Country Music remains popular.
I also expect that Ryman will be able to expand to other locations that would attract visitors and conventioneers throughout the United States. Sales and earnings growth along with a nice fat growing dividend is always a plus, but a company so synonymous with Country Music and the country lifestyle will surely be a destination spot for a large portion of the population of this country and for many around the world.
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