Ryman Hospitality Properties, Inc. completed the acquisition of JW Marriott San Antonio Hill Country Resort & Spa from Blackstone Real Estate Income Trust, Inc.
Citigroup Global Markets Inc., Eastdil Secured, L.L.C., J.P. Morgan Securities LLC, Santander US Capital Markets LLC, Scotiabank, Inc., Sumitomo Mitsui Banking Corporation and Wells Fargo Corporation acted as financial advisor and Danielle Jackson, Gregory Ressa, Andrew Blau, Kristy Fields, Nancy Mehlman and Jeanne Annarumma of Simpson Thacher & Bartlett LLP acted as legal advisor to Blackstone Real Estate Income Trust, Inc. BofA Securities, Inc. acted as financial advisor, Bass, Berry & Sims PLC and Greenberg Traurig, LLP acted as legal advisor to Ryman Hospitality Properties, Inc.
Ryman Hospitality Properties, Inc. (NYSE:RHP) completed the acquisition of JW Marriott San Antonio Hill Country Resort & Spa from Blackstone Real Estate Income Trust, Inc. on June 30, 2023. The Company funded the purchase price with approximately $395 million in net proceeds of an underwritten registered public offering of approximately 4.4 million shares of the Company?s common stock, approximately $393 million in net proceeds of a private placement of $ 400 million aggregate principal amount of 7.25% senior notes due 2028.