Ryman Hospitality Properties, Inc. Closes Acquisition of JW Marriott Phoenix Desert Ridge Resort & Spa
1. RHP closed acquisition of JW Marriott Desert Ridge for approximately $865 million. 2. The resort features extensive amenities and 243,000 square feet of event space. 3. RHP aims to integrate the resort into its group-focused portfolio for growth. 4. Recent $100 million renovation enhances the property's value and appeal. 5. RHP's integration holds potential risks and uncertainties to manage going forward.