Colin Reed on real estate investment trust
From Ryman Hospitality Properties (RHP) - Executive Chairman Colin Reed, CEO (Opry) Patrick Moore · · GabelliTV
“Ryman is a real estate investment trust specializing in large-scale group oriented hotels. Ryman has 60 million shares trading around $95 for a market cap of 5.7 billion, fully consolidated net debt of just under three billion plus a minority interest of 392 million for a total enterprise value of 9.1 billion.”
On , Colin Reed, Executive Chairman at RYMAN HOSPITALITY PPTYS INC, spoke about real estate investment trust during Ryman Hospitality Properties (RHP) - Executive Chairman Colin Reed, CEO (Opry) Patrick Moore on GabelliTV.
About Colin Reed
Colin Reed, executive chairman of Ryman Hospitality Properties, said in June 2025 that the company's Opry Entertainment Group (OEG) has been growing at a 17% compound annual growth rate in adjusted EBIT over seven years and focuses on the 150 million country music and lifestyle fans. He stated that the entertainment segment should not remain part of a real estate investment trust because real estate investors do not fully understand the IP-driven business, and he noted the company is focused on increasing visibility, including taking the Opry to London. Reed also discussed the company's strategy of growing its festival business through organic development and selective acquisitions, and he said the company has not seriously considered tokenization of its IP or assets but viewed it as a potential future pathway. Reed has previously commented on broader Nashville growth, stating in 2022 that the sale of a 30% stake in OEG to Atos and NBCUniversal would further increase demand for Nashville, which he said would bring "growing pains" related to issues such as homelessness and policing. He said he has taken a personal interest in working on affordable housing and education and is in regular conversation with Nashville business leaders about making change. In earlier appearances, Reed described the company's hotel business as having returned to pre-pandemic levels for room nights sold, with group bookings for 2024 and 2025 running ahead of prior-year comparisons, and he attributed the sustainability of pricing to investments made in properties during the pandemic.