Overview of Ryman Hospitality Properties - Type: Public - Traded as: NYSE:RHP, Russell 2000 Component - Industry: REIT, Entertainment - Founded: 1925 (95 years ago) - Founder: Edward Gaylord - Former Names: Gaylord Broadcasting Company, Gaylord Entertainment Company - Headquarters: Nashville, Tennessee, U.S. - Subsidiaries: Opry Entertainment Group

History and Ownership Changes - Ryman Auditorium: Built in 1892 by Captain Thomas G. Ryman, later home of the Grand Ole Opry from 1943 to 1974 - Previously a subsidiary of the Oklahoma City-based Oklahoma Publishing Company - Gaylord family owned the Oklahoma Publishing Company for 71 years until 2011 - Became a real estate investment trust on October 1, 2012 - In 2014, Gaylord Hotels was sold to Inland American Lodging Group - TRT Holdings, owned by Texas billionaire Robert Rowling, bought 14% of Gaylord stock in 2008 - Gaylord rejected Rowling's bid to increase TRT's stake to 30% in 2008 - TRT acquired two seats on the Gaylord board of directors in 2011 - In 2012, the company paid $185 million to buy shares owned by Rowling

Ryman Hospitality Properties and Opry Entertainment - Ryman Hospitality Properties sold the Gaylord Hotels division to Marriott International in 2012 - Ryman retained ownership of the hotels and changed its name to Ryman Hospitality Properties - The company lost the rights to use the Gaylord name - Ryman agreed to manage Radisson Hotel Opryland and other properties on Marriott's behalf - Shareholders voted for the company's reorganization as a REIT in 2012 - Ryman Hospitality Properties owns a 70% stake in Opry Entertainment - Mario Gabelli's GAMCO Investors called for the spin-off of Opry and Attractions division - Opry City Stage, a joint venture in New York City, closed within ten months of opening - Ryman focused on expanding its Ole Red live music venue and restaurant/bar chain - Ole Red has locations in Nashville, Tishomingo, Gatlinburg, Orlando, and a planned location in Las Vegas

Properties and Broadcast - Facilities owned by Ryman Hospitality Properties and operated by Opry Entertainment include Grand Ole Opry, Ryman Auditorium, and WSM radio - Ryman Hospitality Properties manages Gaylord Hotels, including Gaylord Opryland Resort & Convention Center, Gaylord Palms Resort & Convention Center, and Gaylord Texan Resort & Convention Center - Ryman also owns Block 21 in Austin, Texas, and operates the Opry City Stage in New York City - Ryman owns the digital subchannel network Circle in a joint venture with Gray Television - Ryman owns the Ole Red live music venue and restaurant/bar chain - Ryman Hospitality Properties' only present broadcast property is WSM (650 AM) in Nashville - Ryman previously owned several television and radio stations through its predecessor companies

Corporate Affiliations and Minor Interests - Corporate affiliations: Corporate Magic, The Nashville Network, CMT, CMT Europe, Word Entertainment - Minority interests: Bass Pro Shops Outdoor World, Nashville Predators, Opry Mills, Pandora, The Adventures of the Galaxy Rangers - Music affiliations: Acuff-Rose Music, Word Entertainment, Pandora, Z Music Television (Christian music video channel), The Nashville Network - Other affiliations: ResortQuest International, Inc., Corporate Magic, CMT, CMT Europe, The Adventures of the Galaxy Rangers