Gaylord Texan’s parent company buys San Antonio resort for $800 million
Nadeem Meghji, head of Blackstone Real Estate Americas, said Ryman’s purchase was unsolicited.
“Where you invest matters,” he said. “This sale, which generates approximately $275 million in profit over a five-year hold period, through COVID, represents a terrific outcome for shareholders.”The company’s holdings include five Gaylord Hotels with 9,917 rooms that are managed by Marriott. Besides Gaylord Texan in Grapevine, the other hotels are Gaylord Opryland in Nashville, Gaylord Palms near Orlando, Gaylord National near Washington, D.C., and Gaylord Rockies near Denver.
Last year, Ryman bought the Block 21 mixed-use entertainment, lodging, office and retail complex in Austin. Block 21 is home to the, Business Editor . Paul directs the work of an award-winning staff covering business news in the nation's fourth largest metro region. He's been The News' business editor since 2015. Before that, he was editor-in-chief at the Dallas Business Journal and business editor at the Cleveland Plain Dealer.
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