Ryman Hospitality To Acquire JW Marriott San Antonio Hill Country Resort & Spa From Blackstone For $800M
Portfolio Pulse from Benzinga Newsdesk
Ryman Hospitality (RHP) is set to acquire the JW Marriott San Antonio Hill Country Resort & Spa from Blackstone (BX) for $800 million.
June 05, 2023 | 8:34 pm
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NEUTRAL IMPACT
Blackstone sells JW Marriott San Antonio Hill Country Resort & Spa to Ryman Hospitality for $800M.
Blackstone is selling the JW Marriott San Antonio Hill Country Resort & Spa for $800 million. This sale may not have a significant short-term impact on BX's stock price, as it is a single asset sale and Blackstone has a diverse portfolio.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
POSITIVE IMPACT
Ryman Hospitality acquires JW Marriott San Antonio Hill Country Resort & Spa for $800M, expanding its portfolio.
The acquisition of the JW Marriott San Antonio Hill Country Resort & Spa will expand Ryman Hospitality's portfolio and potentially increase its revenue. This could lead to a positive short-term impact on RHP's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100