Ryman Hospitality Properties Agrees To Purchase JW Marriott San Antonio Hill Country Resort & Spa In Texas From BREIT For $800M
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Ryman Hospitality Properties (RHP) has agreed to purchase the JW Marriott San Antonio Hill Country Resort & Spa in Texas for $800 million from BREIT. The acquisition is expected to close during Q2 or Q3 of 2023.
June 05, 2023 | 8:36 pm
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Ryman Hospitality Properties (RHP) is set to acquire the JW Marriott San Antonio Hill Country Resort & Spa for $800 million, with the deal expected to close in Q2 or Q3 of 2023.
The acquisition of the JW Marriott San Antonio Hill Country Resort & Spa by Ryman Hospitality Properties (RHP) for $800 million is a significant investment for the company. This acquisition could potentially increase RHP's revenue and expand its portfolio, leading to a positive short-term impact on its stock price. The deal is expected to close in Q2 or Q3 of 2023, which may cause some uncertainty in the short term, but overall, the acquisition is likely to have a positive impact on RHP's stock price.
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