Gaylord Entertainment Company’s Transaction, REIT Conversion and Management Agreement with Marriott

The firm represented Gaylord Entertainment Company (n/k/a Ryman Hospitality Properties, Inc.) in the negotiation of an agreement with Marriott International, which resulted in Marriott acquiring the Gaylord brand and the rights to manage Gaylord’s four convention hotels, and Gaylord’s election to convert to a real estate investment trust (REIT). The transaction took more than a year to complete, and involved an amendment and restructuring of Gaylord’s credit facility and the leasing of its hotel properties to taxable REIT subsidiaries. 

Ryman Hospitality Properties (NYSE: RHP) is a real estate investment trust specializing in group-oriented, destination hotel assets in urban and resort markets.

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