Ryman Hospitality Properties Inc (NYSE: RHP) is a hospitality real estate investment trust (REIT) that owns and operates large-scale group-oriented hotel and entertainment properties. The company is structured as a REIT for federal income tax purposes, holding its non-qualifying REIT assets in one or more taxable subsidiaries. RHP operates on a Delaware incorporation basis with a fiscal year ending December 31. The 10-K filed February 24, 2026 covers fiscal year 2025 operations. The filing references two primary business segments: hospitality properties targeting group meeting and convention customers, and entertainment assets held through taxable REIT subsidiaries. Revenue is generated through hotel room bookings, food and beverage, entertainment, and ancillary hospitality services tied to large group events and conventions.

Revenue model

Revenue is generated through hotel operations including room revenue, food and beverage sales, and entertainment and ancillary services at group-oriented convention hotel properties, supplemented by entertainment segment revenue held in taxable REIT subsidiaries. The REIT structure requires distributing the majority of taxable income as dividends.

Products and services

Large-scale group-oriented convention hotels and entertainment properties operated under a REIT structure, with non-qualifying REIT assets held in taxable subsidiaries.

Customers and end markets

Group meeting and convention customers are the primary end market, based on the company's self-described group-oriented hospitality focus referenced in the 10-K filing.

Value-chain role

Owner and operator of hospitality real estate, functioning as both property owner (REIT) and operating company through taxable REIT subsidiaries for entertainment assets.

Geographic exposure

The filing excerpts do not specify geographic markets or property locations with enough detail to characterize regional exposure.

Source: SEC 10-K, filed 2026-02-24

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