11:08 AM EDT, 05/21/2025 (MT Newswires) -- Ryman Hospitality Properties ( RHP ) said Wednesday it has closed its public offering of 2.99 million shares, including the exercise of an over-allotment option, at $96.20 per share, raising net proceeds of about $275 million.

Ryman said it plans to contribute the proceeds to its RHP Hotel Properties operating partnership, which will use the funds to help finance its $865 million acquisition of the JW Marriott Phoenix Desert Ridge Resort and Spa in Phoenix, Arizona.

Price: 95.88, Change: -1.11, Percent Change: -1.15