Ryman Hospitality Properties, Inc. Provides Update on Impact of Impending Water Outage in Prince George’s County on Gaylord

  Ryman Hospitality Properties, Inc. Provides Update on Impact of Impending
  Water Outage in Prince George’s County on Gaylord National

Business Wire

NASHVILLE, Tenn. -- July 16, 2013

Ryman Hospitality Properties, Inc. (NYSE: RHP) today provided information on
the impact to Gaylord National of the impending water shutdown in southern
Prince George’s County, Md. The Washington Suburban Sanitary Commission (WSSC)
has informed the Company and the public that a section of pipe in a vital
54-inch concrete pipeline appears to be failing, and significant parts of
Prince George’s County, including all of National Harbor, will be without
water for several days while repairs are made to the water main by the WSSC.
As a result, the Company’s hotel manager, Marriott International, is planning
to suspend operations of the Gaylord National at Noon EDT tomorrow, July 17,
2013.

The WSSC has stated that it estimates water flow will be restored in three to
five days. Marriott International has informed the Company that based on this
estimate, the property expects to accommodate guests planning to check in on
Sunday, July 21, 2013. It is important to note that this schedule is subject
to change as the situation develops.

Marriott has informed the Company that it is working to relocate guests for
the remainder of the week. At this time, it is too early to assess the
financial impact of the loss of revenue and profitability associated with the
temporary suspension of operations at the Gaylord National on Ryman
Hospitality Properties’ results as a whole. The Company plans to provide an
update after the Company determines its estimates of the financial impact
based on the extent and duration of the outage.

About Ryman Hospitality Properties, Inc.

Ryman Hospitality Properties, Inc. (NYSE: RHP), is a real estate investment
trust for federal income tax purposes, specializing in group-oriented,
destination hotel assets in urban and resort markets. The Company’s owned
assets include a network of four upscale, meetings-focused resorts totaling
7,795 rooms that are managed by world-class lodging operator Marriott
International, Inc. under the Gaylord Hotels brand. Other owned assets managed
by Marriott International, Inc. include Gaylord Springs Golf Links, the
Wildhorse Saloon, the General Jackson Showboat and the Inn at Opryland, a
303-room overflow hotel adjacent to Gaylord Opryland. The Company also owns
and operates a number of media and entertainment assets, including the Grand
Ole Opry (opry.com), the legendary weekly showcase of country music’s finest
performers for nearly 90 years; the Ryman Auditorium, the storied former home
of the Grand Ole Opry located in downtown Nashville; and WSM-AM, the Opry’s
radio home.

This press release contains statements as to the Company's beliefs and
expectations of the outcome of future events, including the expected timing of
reopening the hotel, that are forward-looking statements as defined in the
Private Securities Litigation Reform Act of 1995. These forward-looking
statements are subject to risks and uncertainties that could cause actual
results to differ materially from the statements made. These include the risks
and uncertainties associated with the suspension of operations at the Gaylord
National hotel and the timing of reopening, which will depend on the actions
of third parties including The Washington Suburban Sanitary Commission and
Prince George’s County, Maryland and the difficulty, timing and success of
their water main repair effort; the extent and amount of any costs or losses
incurred by the Company in connection with the suspension of operations and
reopening; and potential damage to the business and reputation of the hotel or
the Company related to the interruption of business. Other factors that could
cause operating and financial results to differ are described in the filings
made from time to time by the Company with the Securities and Exchange
Commission and include the risk factors described in our Annual Report on Form
10-K for the fiscal year ended December 31, 2012 and Quarterly Reports on Form
10-Q. The Company does not undertake any obligation to release publicly any
revisions to forward-looking statements made by it to reflect events or
circumstances occurring after the date hereof or the occurrence of
unanticipated events.

Contact:

Investor Relations:
Ryman Hospitality Properties, Inc.
Mark Fioravanti, 615-316-6588
Executive Vice President and Chief Financial Officer
mfioravanti@rymanhp.com
or
Todd Siefert, 615-316-6344
Vice President Corporate Finance & Treasurer
tsiefert@rymanhp.com
or
Media:
Brian Abrahamson, 615-316-6302
Vice President of Corporate Communications
babrahamson@rymanhp.com
or
Sloane & Company
Dan Zacchei, 212-446-1882
dzacchei@sloanepr.com
 
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