03:37 AM EDT, 05/20/2025 (MT Newswires) -- Ryman Hospitality Properties ( RHP ) said late Monday it priced an underwritten public offering of 2.6 million common shares at $96.20 per share.

The underwriters have been granted a 30-day option to purchase up to 390,000 additional shares.

Net proceeds will be used to partially fund the pending JW Marriott Phoenix Desert Ridge Resort & Spa acquisition or for general corporate purposes, the company said.

The offering, which has been upsized from 2.3 million common shares, is expected to close on or about Wednesday.