Jun. 24 at 8:50 PM
Ryman Hospitality Properties is exploring a sale of its 70% stake in Opry Entertainment Group, the owner and operator of iconic country music venues including the Grand Ole Opry House and Ryman Auditorium, according to Bloomberg. The company has hired Morgan Stanley to evaluate potential buyers, although no deal is guaranteed.
The potential transaction would not include Ryman’s hotel and convention-center portfolio, such as the Gaylord Opryland Resort & Convention Center in Nashville and the Gaylord Texan Resort & Convention Center near Dallas.
Opry Entertainment Group oversees some of the most recognized brands in country music. The Grand Ole Opry, founded in 1925, is the longest-running radio broadcast in U.S. history and played a key role in turning country music into a global industry, hosting artists including Hank Williams, Dolly Parton, Luke Combs, and Taylor Swift.
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