Ryman Hospitality Properties Closes Acquisition of Block 21 in Austin, Texas From Stratus Properties for $260M

Ryman Hospitality Properties | June 2, 2022

NASHVILLE, Tenn., June 02, 2022 -- Ryman Hospitality Properties, Inc. (NYSE: RHP) (the Company) has closed its previously announced pending acquisition of Block 21 from Stratus Properties Inc. (NASDAQ: STRS). The mixed-use complex is located in the heart of downtown Austin and is home to lodging, retail, office and entertainment spaces, including the W Austin Hotel and the ACL Live at Moody Theater. The purchase price for the acquisition, subject to certain purchase price adjustments, totaled approximately $260 million, which includes the assumption of approximately $136 million of existing mortgage debt. Colin Reed, Chairman and Chief Execu...