Ryman Hospitality Properties, Inc. Provides Update on Status of Gaylord National Following Water Outage in Prince George’s County Being Averted Business Wire NASHVILLE -- July 18, 2013 The Washington Suburban Sanitary Commission (WSSC) has informed Ryman Hospitality Properties that the water emergency in southern Prince George’s County has been averted. As a result, the Company’s hotel manager, Marriott International, began accepting guests beginning Thursday, July 18 at 10:00 a.m. EDT. Operations will ramp up over the course of the next few days, as water conservation efforts remain in effect. Full operations of all facilities and services are expected to be in place by Saturday, July 20. As previously announced by the Company, following communication from the WSSC that the water shutdown was a certainty, a significant effort was made to relocate scheduled guests. Where possible, arrangements are now being made for these guests to stay at the property as originally planned. 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. 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 and services, which 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, Executive Vice President and Chief Financial Officer 615-316-6588 firstname.lastname@example.org or Ryman Hospitality Properties, Inc. Todd Siefert, Vice President of Corporate Finance & Treasurer 615-316-6344 email@example.com or Media: Ryman Hospitality Properties, Inc. Brian Abrahamson, Vice President of Corporate Communications 615-316-6302 firstname.lastname@example.org or Sloane & Company Dan Zacchei, 212-446-1882 email@example.com
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Ryman Hospitality Properties, Inc. Provides Update on Status of Gaylord National Following Water Outage in Prince George’s
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