Gaylord shareholders approve $210M Marriott deal - WKRN News 2

Gaylord shareholders approve $210M Marriott deal


The shareholders of Gaylord Entertainment overwhelmingly approved a $210 million deal Tuesday to sell the rights to manage its four massive properties to Marriott.

The name of the REIT will be Ryman Hospitality Properties and will trade under the ticker symbol RHP, Brian Abrahamson, Vice President of Corporation Communications said in a statement.

Marriott has said the deal brings the potential for huge profits by booking more hotel rooms, cutting operating costs and boosting overall profits.

When complete, the Gaylord name will stay.

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