Ryman Hospitality Properties, Inc. Announces Plans To Acquire Block 21 In Austin, Texas, From Stratus Properties Inc. For $260 Million
Acquiring Company
Ryman Hospitality Properties
Acquired Company
Block
NashvilleOaklandMedia And EntertainmentReal EstateHospitalityLeisureHotelTravelFinancial ServicesFintechDescription
Ryman Hospitality Properties, Inc. (NYSE: RHP) (the Company) announced today it reached an agreement with Stratus Properties Inc. (NASDAQ: STRS) to acquire Block 21, a mixed-use entertainment, lodging, office, and retail complex located in downtown Austin, Texas, for a total purchase price of $260 million, which includes the assumption of approximately $138 million of existing mortgage debt. In addition, Ryman will receive approximately $11 million of existing cash reserves attributable to the assets. Additional information regarding this acquisition is posted to Ryman’s investor relations website. Visit http://ir.rymanhp.com and click Presentations and Transcripts.
Quick answer
Ryman Hospitality Properties is acquiring Block for $260 million, announced October 26, 2021. Ryman Hospitality Properties is based in Nashville, Tennessee, United States.
- How much did Ryman Hospitality Properties pay for Block?
- The reported deal value is $260 million.
- What does Ryman Hospitality Properties do?
- Ryman Hospitality Properties, Inc. (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and country music entertainment experiences.
- Where are Ryman Hospitality Properties and Block based?
- Ryman Hospitality Properties is based in Nashville, Tennessee, United States. Block is based in Oakland, California, United States.
- Who are the decision-makers at Ryman Hospitality Properties?
- Fundz holds 3 contacts at Ryman Hospitality Properties. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Who to call at Ryman Hospitality Properties, and when
When Ryman Hospitality Properties changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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- The decision-makers there, with verified emails
- Who you already know at Ryman Hospitality Properties, from your own LinkedIn network
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Frequently asked
Who acquired Block?
Block was acquired by Ryman Hospitality Properties, based in Nashville. The deal was reported on October 26, 2021. Ryman Hospitality Properties, Inc. (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and country music entertainment experiences. Ryman Hospitality Properties is publicly traded (RHP) and operates in Media And Entertainment.
When did Ryman Hospitality Properties acquire Block?
Ryman Hospitality Properties's acquisition of Block was reported on October 26, 2021. Ryman Hospitality Properties, Inc. (NYSE: RHP) (the Company) announced today it reached an agreement with Stratus Properties Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Block do?
Block, Inc. is a technology and financial services company primarily engaged in providing solutions for commerce, payments, and point-of-sale transactions. It is publicly traded (XYZ), operating in Financial Services, and is based in Oakland.
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