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Last Trade
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Last Trade:
$63.75
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Change:
-2.02 (-3.07%)
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Trade Time:
04:10 PM EST
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Market Cap:
$3.51B
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Description of Business
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Ryman is the successor to Gaylord Entertainment Company ("Gaylord"), a Delaware
corporation originally incorporated in 1956. As part of the plan to restructure
our business operations to facilitate our qualification as a REIT for federal
income tax purposes, Gaylord merged with and into its wholly-owned subsidiary,
Ryman, on October 1, 2012, with Ryman as the surviving corporation, and Ryman
succeeded to and began conducting, either directly or indirectly, all of the
business conducted by Gaylord immediately prior to the merger. Ryman is a
Delaware corporation that began operating as a self-advised and
self-administered REIT for federal income tax purposes on January 1, 2013. We
specialize in group-oriented, destination hotel assets in urban and resort
markets. As a REIT, we generally will not be subject to federal corporate income
taxes on that portion of our capital gain or ordinary income from our REIT
operations that is distributed to our stockholders.
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