Ryman Hospitality To Suspend Operations At Gaylord’s Opryland Resort, Four Other Properties
Ryman Hospitality Properties, Inc. is preparing to suspend operations at its five Gaylord hotel properties including Nashville’s Gaylord Opryland Resort & Convention Center, to help mitigate the operating and financial impact of the COVID-19 pandemic.
“We are working with our management company, Marriott, to temporarily suspend operations at our five hotels that comprise the Gaylord Hotels convention network,” said Colin Reed, Chairman and Chief Executive Officer of Ryman Hospitality Properties, Inc, in a statement. “After taking into account the recommendations of local health authorities and expected demand levels over the upcoming weeks, we have determined that a temporary suspension of operations is in the best interests of the employees in our hotel properties, the local communities in which our hotels operate, and our shareholders. We will assess hotel demand levels throughout the month of April and in consultation with local health authorities determine an appropriate reopening date for the facilities.”
Ryman will hold a conference call tomorrow (March 26) to discuss the company’s action plan and its cost-containment efforts with its investors.
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