Ryman Hospitality Properties Inc., a Nashville‑based real estate investment trust, disclosed that it is exploring a potential sale of its 70 % ownership stake in Opry Entertainment Group, the operator of historic country‑music venues such as the Grand Ole Opry House and the Ryman Auditorium. The company has engaged Morgan Stanley & Co. to identify a prospective buyer, although representatives for both Ryman and Morgan Stanley declined to comment and the transaction is not guaranteed. The contemplated divestiture would exclude Ryman’s hotel and convention‑center assets, specifically the Gaylord Opryland Resort & Convention Center in Nashville and the Gaylord Texan Resort & Convention Center near Dallas, which would remain with the REIT. The Grand Ole Opry, launched in 1925 on WSM, is noted as the longest‑running live country‑music radio broadcast, having featured artists such as Hank Williams, Dolly Parton, Luke Combs and Taylor Swift. The article was generated with AI assistance and reviewed by an editor.
Ryman Hospitality Eyes 70% Opry Stake Sale
Business Update
Price while announcement
Current price (CMP)