Ryman Hospitality Properties (RHP) 10-Q 5 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Oct. 30, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Trading Symbol	RHP
Entity Registrant Name	Ryman Hospitality Properties, Inc.
Entity Central Index Key	1,040,829
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		51,285,263

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Dec. 31, 2013
ASSETS:
Property and equipment, net of accumulated depreciation	$ 2,011,381	$ 2,036,261
Cash and cash equivalents - unrestricted	40,340	76,408	$ 279,533	$ 61,579
Cash and cash equivalents - restricted	21,854	17,410
Notes receivable	149,569	149,612
Trade receivables, less allowance of $675 and $704, respectively	63,807	45,188
Deferred financing costs	26,688	21,646
Prepaid expenses and other assets	67,677	66,621
Total assets	2,381,316	2,413,146
LIABILITIES AND STOCKHOLDERS' EQUITY:
Debt and capital lease obligations	1,469,582	1,341,555
Accounts payable and accrued liabilities	163,498	166,848
Deferred income tax liabilities, net	8,876	14,284
Deferred management rights proceeds	183,877	183,423
Dividends payable	36,616	29,133
Derivative liabilities		134,477
Other liabilities	$ 145,473	$ 142,019
Commitments and contingencies
Stockholders' equity:
Preferred stock, $.01 par value, 100,000 shares authorized, no shares issued or outstanding
Common stock, $.01 par value, 400,000 shares authorized, 51,283 and 51,044 shares issued and outstanding, respectively	$ 513	$ 510
Additional paid-in capital	885,351	882,193
Treasury stock of 505 and 477 shares, at cost	(9,647)	(8,002)
Accumulated deficit	(476,261)	(446,963)
Accumulated other comprehensive loss	(26,562)	(26,331)
Total stockholders' equity	373,394	401,407
Total liabilities and stockholders' equity	$ 2,381,316	$ 2,413,146

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Allowance for doubtful accounts receivable	$ 675	$ 704
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	100,000,000	100,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	400,000,000	400,000,000
Common stock, shares issued	51,283,000	51,044,000
Common stock, shares outstanding	51,283,000	51,044,000
Treasury stock, shares	505,000	477,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenues:
Rooms	$ 92,828	$ 92,378	$ 292,089	$ 282,836
Food and beverage	108,558	104,175	345,931	331,378
Other hotel revenue	23,456	22,549	69,111	70,021
Entertainment (previously Opry and Attractions)	27,978	25,913	72,873	65,144
Total revenues	252,820	245,015	780,004	749,379
Operating expenses:
Rooms	27,347	28,397	80,216	82,778
Food and beverage	63,797	60,508	193,661	184,748
Other hotel expenses	70,108	71,863	210,513	212,788
Management fees	3,213	3,622	10,516	11,485
Total hotel operating expenses	164,465	164,390	494,906	491,799
Entertainment (previously Opry and Attractions)	18,954	16,557	48,775	44,239
Corporate	8,017	6,952	21,384	19,707
Preopening costs	118		909
Impairment and other charges			2,890
Depreciation and amortization	28,498	28,033	85,467	84,268
Total operating expenses	220,052	215,932	654,331	640,013
Operating income	32,768	29,083	125,673	109,366
Interest expense	(16,138)	(17,135)	(47,765)	(48,277)
Interest income	2,982	3,001	9,383	9,070
Loss on extinguishment of debt				(2,148)
Other gains and (losses), net	2,467	(282)	(18,104)	(4,608)
Income before income taxes	22,079	14,667	69,187	63,403
Benefit for income taxes	4,612	463	3,425	371
Net income	26,691	15,130	72,612	63,774
Loss on call spread and warrant modifications related to convertible notes				(4,952)
Net income available to common shareholders	$ 26,691	$ 15,130	$ 72,612	$ 58,822
Basic income per share available to common shareholders	$ 0.52	$ 0.30	$ 1.42	$ 1.16
Fully diluted income per share available to common shareholders	0.52	0.25	1.41	0.97
Dividends declared per common share	$ 0.70	$ 0.55	$ 2	$ 1.65
Comprehensive income, net of deferred taxes	$ 26,364	$ 15,079	$ 72,381	$ 63,623

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash Flows from Operating Activities:
Net income (loss)	$ 72,612	$ 63,774
Amounts to reconcile net income to net cash flows provided by operating activities:
Benefit for deferred income taxes	(5,303)	(2,261)
Depreciation and amortization	85,467	84,268
Amortization of deferred financing costs	4,177	4,532
Amortization of discount on convertible notes		8,735
Impairment and other charges	2,890
Loss on extinguishment of debt		2,148
Loss on repurchase of warrants	20,246	6,065
Write-off of deferred financing costs	1,926
Stock-based compensation expense	4,582	4,217
Changes in:
Trade receivables	(18,619)	(7,637)
Interest receivable	(1,987)	(144)
Accounts payable and accrued liabilities	(6,901)	(2,543)
Other assets and liabilities	(8,122)	(3,940)
Net cash flows provided by operating activities	150,968	157,214
Cash Flows from Investing Activities:
Purchases of property and equipment	(63,352)	(50,728)
Proceeds from sale of Peterson LOI	10,000
(Increase) decrease in restricted cash and cash equivalents	(4,444)	5,936
Other investing activities	2,533	8,011
Net cash flows used in investing activities	(55,263)	(36,781)
Cash Flows from Financing Activities:
Net borrowings (repayments) under credit facility	(268,600)	17,500
Net borrowings (repayments) under term loan B	(3,000)	399,000
Issuance of senior notes	400,000
Repurchase and conversion of convertible notes		(126,542)
Repurchase of common stock warrants	(154,681)	(108,331)
Deferred financing costs paid	(11,145)	(8,428)
Payment of dividend	(95,404)	(81,352)
Proceeds from exercise of stock option and purchase plans	1,430	6,119
Other financing activities	(373)	(445)
Net cash flows provided by (used in) financing activities	(131,773)	97,521
Net change in cash and cash equivalents	(36,068)	217,954
Cash and cash equivalents - unrestricted, beginning of period	76,408	61,579
Cash and cash equivalents - unrestricted, end of period	$ 40,340	$ 279,533

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	1. BASIS OF PRESENTATION: The condensed consolidated financial statements include the accounts of Ryman Hospitality Properties, Inc. (“Ryman”) and its subsidiaries (collectively with Ryman, the “Company”) and have been prepared by the Company, without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Certain information and footnote disclosures normally included in annual financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to such rules and regulations. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014. In the opinion of management, all adjustments necessary for a fair statement of the results of operations for the interim periods have been included. All adjustments are of a normal, recurring nature. The results of operations for such interim periods are not necessarily indicative of the results for the full year because of seasonal and short-term variations. The Company conducts its business through an umbrella partnership real estate investment trust (“REIT”), in which all of its assets are held by, and all of its operations are conducted through, RHP Hotel Properties, LP, a subsidiary operating partnership (the “Operating Partnership”) that the Company formed in connection with its REIT conversion discussed in Note 2. Ryman is the sole limited partner of the Operating Partnership and currently owns, either directly or indirectly, all of the partnership units of the Operating Partnership. RHP Finance Corporation, a Delaware corporation (“Finco”), was formed as a wholly-owned subsidiary of the Operating Partnership for the sole purpose of being an issuer of debt securities with the Operating Partnership. Neither Ryman nor Finco has any material assets, other than Ryman’s investment in the Operating Partnership and its 100%-owned subsidiaries. As 100%-owned subsidiaries of Ryman, neither the Operating Partnership nor Finco has any business, operations, financial results or other material information, other than the business, operations, financial results and other material information described in this Quarterly Report on Form 10-Q and Ryman’s other reports filed with the SEC pursuant to the Securities Exchange Act of 1934, as amended. The Company principally operates, through its subsidiaries and its property managers, as applicable, in the following business segments: Hospitality, Entertainment (previously referred to as Opry and Attractions), and Corporate and Other. Acquisition In December 2014, the Company purchased from an affiliate of The Peterson Companies (the developer of the National Harbor, Maryland development in which Gaylord National Resort and Convention Center (“Gaylord National”) is located) the AC Hotel, a 192-room hotel previously operated as the Aloft Hotel at National Harbor for a purchase price of $21.8 million (the “AC Hotel”). The transaction required that the property be transferred to the Company unencumbered by any existing hotel franchise or management agreements. The Company has rebranded the hotel and Marriott is now operating the property in conjunction with the Gaylord National pursuant to a separate management agreement. The hotel opened in April 2015. Simultaneously with the purchase of this hotel, the Company also acquired from an affiliate of The Peterson Companies a vacant one-half acre parcel of land located in close proximity to Gaylord National, suitable for development of a hotel or other permitted uses. In December 2014, the Company paid $21.2 million of the combined purchase price, including transaction costs, in cash and issued a $6.0 million note payable to an affiliate of The Peterson Companies, which is due in January 2016 and bears interest at an Applicable Federal Rate as determined by the Internal Revenue Service and is shown in Note 7. Reclassifications In January 2015, the hospitality industry’s Uniform System of Accounts for the Lodging Industry, Eleventh Revised Edition Newly Issued Accounting Standards In May 2014, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, “ Revenue from Contracts with Customers In April 2015, the FASB issued ASU No. 2015-03, “ Interest – Imputation of Interest

Deferred Management Rights Proc

Deferred Management Rights Proceeds	9 Months Ended
	Sep. 30, 2015
Text Block [Abstract]
Deferred Management Rights Proceeds	2. DEFERRED MANAGEMENT RIGHTS PROCEEDS: The Company restructured its business operations to facilitate its qualification as a REIT for federal income tax purposes (the “REIT conversion”) during 2012 and has elected to be taxed as a REIT commencing with the year ended December 31, 2013. On October 1, 2012, the Company consummated its agreement to sell the Gaylord Hotels brand and rights to manage the Gaylord Opryland Resort and Convention Center (“Gaylord Opryland”), the Gaylord Palms Resort and Convention Center (“Gaylord Palms”), the Gaylord Texan Resort and Convention Center (“Gaylord Texan”) and Gaylord National, which the Company refers to collectively as the “Gaylord Hotels properties,” to Marriott International, Inc. (“Marriott”) for $210.0 million in cash. Effective October 1, 2012, Marriott assumed responsibility for managing the day-to-day operations of the Gaylord Hotels properties pursuant to a management agreement for each Gaylord Hotel property. On October 1, 2012, the Company received $210.0 million in cash from Marriott in exchange for rights to manage the Gaylord Hotels properties (the “Management Rights”) and certain intellectual property (the “IP Rights”). The Company allocated $190.0 million of the purchase price to the Management Rights and $20.0 million to the IP Rights. The allocation was based on the Company’s estimates of the fair values for the respective components. The Company estimated the fair value of each component by constructing distinct discounted cash flow models. For financial accounting purposes, the amount related to the Management Rights was deferred and is amortized on a straight line basis over the 65-year term of the hotel management agreements, including extensions, as a reduction in management fee expense. The amount related to the IP Rights was recognized into income as other gains and losses during the fourth quarter of 2012. In addition, pursuant to additional management agreements, Marriott manages the day-to-day operations of the Inn at Opryland, the AC Hotel, General Jackson Showboat, Gaylord Springs Golf Links and the Wildhorse Saloon. To comply with certain REIT qualification requirements, the Company will be required to engage third-party managers to operate and manage its future hotel properties, if any. Additionally, non-REIT operations, which consist of the activities of taxable REIT subsidiaries that act as lessees of the Company’s hotels, as well as the businesses within the Company’s Entertainment segment (previously referred to as the Opry and Attractions segment), continue to be subject, as applicable, to federal corporate and state income taxes following the REIT conversion.

Income Per Share

Income Per Share	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Income Per Share	3. INCOME PER SHARE: The weighted average number of common shares outstanding is calculated as follows (in thousands): Three Months Ended Nine Months Ended 2015 2014 2015 2014 Weighted average shares outstanding - basic 51,283 50,975 51,226 50,805 Effect of dilutive stock-based compensation 347 442 361 495 Effect of convertible notes — 6,307 — 5,946 Effect of common stock warrants — 3,435 — 3,156 Weighted average shares outstanding - diluted 51,630 61,159 51,587 60,402 As discussed more fully in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014, in 2009 the Company issued 3.75% Convertible Senior Notes due 2014 (the “Convertible Notes”). The Company settled the outstanding face value of the Convertible Notes in cash at maturity on October 1, 2014. The conversion spread associated with the conversion of the Convertible Notes was settled in shares of the Company’s common stock. Pursuant to a purchased call option, or note hedge, the Company also received and cancelled an equal number of shares of its common stock at maturity. In connection with the issuance of the Convertible Notes, the Company sold common stock purchase warrants to counterparties affiliated with the initial purchasers of the Convertible Notes whereby the warrant holders could purchase shares of the Company’s stock. At separate times during 2014, the Company modified the agreements with each of the counterparties to cash settle the warrants as described in Note 7. As a result of these modifications, the warrants were settled in cash during 2014 and the first quarter of 2015 and did not affect the calculation of diluted earnings per share for the three months and nine months ended September 30, 2015. In May and June 2014, the Company modified the agreements with note hedge counterparties to cash settle a portion of the warrants as described in Note 7. In April 2014, the Company entered into agreements with the note hedge counterparties to proportionately reduce the number of purchased call options and the warrants discussed above in conjunction with a repurchase of a portion of the Convertible Notes. Each of these agreements were considered modifications to the purchased call options and warrants (as applicable), and based on the terms of the agreements, the Company recognized a charge of $5.0 million in the nine months ended September 30, 2014. This charge was recorded as an increase to accumulated deficit and derivative liability, as the liability was settled in cash. These charges also represent a deduction from net income in calculating net income available to common shareholders and earnings per share available to common shareholders in the accompanying condensed consolidated statements of operations.

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
	Sep. 30, 2015
Equity [Abstract]
Accumulated Other Comprehensive Loss	4. ACCUMULATED OTHER COMPREHENSIVE LOSS: The Company’s balance in accumulated other comprehensive loss is composed of amounts related to the Company’s minimum pension liability. During the three months and nine months ended September 30, 2015, the Company recorded $0.6 million in other comprehensive loss, which primarily represents the increase in the Company’s pension plan liability as described in Note 9, and reclassified zero and $0.2 million, respectively, from accumulated other comprehensive loss into operating expenses in the Company’s condensed consolidated statements of operations included herein. During the three months and nine months ended September 30, 2014, the Company recorded no other comprehensive income and reclassified zero and $(0.2) million, respectively, from accumulated other comprehensive (income) loss into operating expenses.

Property and Equipment

Property and Equipment	9 Months Ended
	Sep. 30, 2015
Property, Plant and Equipment [Abstract]
Property and Equipment	5. PROPERTY AND EQUIPMENT: Property and equipment at September 30, 2015 and December 31, 2014 is recorded at cost and summarized as follows (in thousands): September 30, December 31, Land and land improvements $ 254,553 $ 254,013 Buildings 2,362,227 2,340,555 Furniture, fixtures and equipment 590,920 576,453 Construction-in-progress 31,568 26,046 3,239,268 3,197,067 Accumulated depreciation (1,227,887 ) (1,160,806 ) Property and equipment, net $ 2,011,381 $ 2,036,261

Notes Receivable

Notes Receivable	9 Months Ended
	Sep. 30, 2015
Receivables [Abstract]
Notes Receivable	6. NOTES RECEIVABLE: As further discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014, in connection with the development of Gaylord National, the Company is currently holding two issuances of bonds and receives the debt service thereon, which is payable from property tax increments, hotel taxes and special hotel rental taxes generated from Gaylord National through the maturity date. The Company is recording the amortization of discount on these notes receivable as interest income over the life of the notes. During the three months ended September 30, 2015 and 2014, the Company recorded interest income of $3.0 million on these bonds. During the nine months ended September 30, 2015 and 2014, the Company recorded interest income of $9.3 million and $9.1 million, respectively, on these bonds. The Company received payments of $9.4 million and $10.8 million during the nine months ended September 30, 2015 and 2014, respectively, relating to these notes receivable.

Debt

Debt	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Debt	7. DEBT: The Company’s debt and capital lease obligations at September 30, 2015 and December 31, 2014 consisted of (in thousands): September 30, December 31, Credit Facility, terms as set forth below $ 317,900 $ 586,500 $400 Million Term Loan B, interest at LIBOR plus 2.75%, maturing January 15, 2021 395,000 398,000 $350 Million Senior Notes, interest at 5.0%, maturing April 15, 2021 350,000 350,000 $400 Million Senior Notes, interest at 5.0%, maturing April 15, 2023 400,000 — AC Hotel Note Payable, terms as set forth in Note 1 6,000 6,000 Capital lease obligations 682 1,055 Total debt 1,469,582 1,341,555 Less amounts due within one year (6,019 ) (377 ) Total long-term debt $ 1,463,563 $ 1,341,178 At September 30, 2015, the Company was in compliance with all of its covenants related to its outstanding debt. Credit Facility On June 5, 2015, the Company entered into Amendment No. 2 (the “Amendment”) among the Company, as a guarantor, the Operating Partnership, as borrower, certain other subsidiaries of the Company party thereto, as guarantors, the lenders party thereto and Wells Fargo Bank, N.A., as administrative agent, to the Company’s Fourth Amended and Restated Credit Agreement (the “Credit Facility”). Prior to the Amendment, the Company’s Credit Facility consisted of a $700.0 million senior secured revolving credit facility (the “revolving credit facility”), a $300.0 million senior secured term loan facility (the “term loan A”), and a $400 million senior secured term loan facility (the “term loan B”). Following the Amendment, the Company’s Credit Facility consists of the revolving credit facility and the term loan B, which matures on January 15, 2021. The Company paid off the previously outstanding term loan A during the second quarter of 2015 with a substantial portion of the proceeds from the Operating Partnership’s and Finco’s private placement of $400 million in aggregate principal amount of senior notes due 2023 (the “$400 Million 5% Senior Notes”), and the term loan A was eliminated. Pursuant to the Amendment, the Company extended the maturity date of the revolving credit facility under the Credit Facility to June 5, 2019 and provided for two additional six-month extension options, at the election of the Company. In addition, the Amendment lowered the adjustable margin (the “Applicable Margin”) for determining the interest rate on revolving loans based on the Company’s consolidated funded indebtedness to total asset value ratio (as defined in the Credit Facility). Interest on the Company’s borrowings under the revolving credit facility is payable quarterly, in arrears, for base rate-based loans and at the end of each interest rate period for LIBOR-based loans. The effective interest rate at September 30, 2015 was LIBOR plus 1.65%. Principal is payable in full at maturity. Further, the unused commitment fee was reduced to 0.2% to 0.3% per year of the average unused portion of the revolving credit facility. The Company’s term loan B remains outstanding. The Credit Facility continues to be guaranteed by the Company, each of its four wholly-owned subsidiaries that own the Gaylord Hotels properties, and certain other subsidiaries of the Company. The loans continue to be secured by (i) a first mortgage lien on the real property of each of the Company’s Gaylord Hotels properties, (ii) pledges of equity interests in the Company’s subsidiaries that own the Gaylord Hotels properties, (iii) the personal property of the Company, the Operating Partnership and the subsidiaries that guarantee the Credit Facility and (iv) all proceeds and products from the Company’s Gaylord Hotels properties. In addition, the revolving credit facility and term loan B continue to be subject to certain covenants contained in the Credit Facility, which among other things, limit the incurrence of additional indebtedness, investments, dividends, transactions with affiliates, asset sales, acquisitions, mergers and consolidations, liens and encumbrances and other matters customarily restricted in such agreements. If an event of default occurs and is continuing under the Credit Facility, the commitments under the Credit Facility may be terminated and the principal amount outstanding under the Credit Facility, together with all accrued unpaid interest and other amounts owing in respect thereof, may be declared immediately due and payable. As a result of the Amendment, the Company wrote off $1.9 million of deferred financing costs during the nine months ended September 30, 2015, which is included in interest expense in the accompanying condensed consolidated statement of operations. $400 Million 5% Senior Notes On April 14, 2015, the Operating Partnership and Finco completed the private placement of the $400 Million 5% Senior Notes. The $400 Million 5% Senior Notes are general unsecured senior obligations of the Company’s issuing subsidiaries and are guaranteed by the Company and its subsidiaries that guarantee the Credit Facility. The $400 Million 5% Senior Notes and guarantees were issued pursuant to an indenture by and among the issuing subsidiaries and the guarantors and U.S. Bank National Association as trustee. The $400 Million 5% Senior Notes have a maturity date of April 15, 2023 and bear interest at 5% per annum, payable semi-annually in cash in arrears on April 15 and October 15 of each year, beginning October 15, 2015. The $400 Million 5% Senior Notes are general unsecured and unsubordinated obligations of the issuing subsidiaries and rank equal in right of payment with such subsidiaries’ existing and future senior unsecured indebtedness, including $350.0 million in aggregate principal amount of issuing subsidiaries’ senior unsecured notes due 2021 (the “$350 Million 5% Senior Notes”), and senior in right of payment to future subordinated indebtedness, if any. The $400 Million 5% Senior Notes are effectively subordinated to the issuing subsidiaries’ secured indebtedness to the extent of the value of the assets securing such indebtedness. The guarantees rank equally in right of payment with the applicable guarantor’s existing and future senior unsecured indebtedness and senior in right of payment to any future subordinated indebtedness of such guarantor. The $400 Million 5% Senior Notes are effectively subordinated to any secured indebtedness of any guarantor to the extent of the value of the assets securing such indebtedness and structurally subordinated to all indebtedness and other obligations of the Operating Partnership’s subsidiaries that do not guarantee the $400 Million 5% Senior Notes. The issuing subsidiaries may redeem the $400 Million 5% Senior Notes before April 15, 2018, in whole or in part, at a redemption price equal to 100% of the principal amount plus accrued and unpaid interest, if any, up to, but excluding, the applicable redemption date plus a make-whole redemption premium. The $400 Million 5% Senior Notes will be redeemable, in whole or in part, at any time on or after April 15, 2018 at a redemption price expressed as a percentage of the principal amount thereof, which percentage is 103.75%, 102.50%, 101.25% and 100.00% beginning on April 15 of 2018, 2019, 2020 and 2021, respectively, plus accrued and unpaid interest thereon to, but not including, the redemption date. The net proceeds from the issuance of the $400 Million 5% Senior Notes totaled approximately $392 million, after deducting the initial purchasers’ discounts, commissions and estimated offering expenses. The Company used substantially all of these proceeds to repay amounts outstanding under its Credit Facility, including the elimination of its $300 million term loan A, and to repay a portion of the amounts outstanding under the revolving credit facility portion of the Credit Facility. Warrants Related to 3.75% Convertible Senior Notes Separately and concurrently with the 2009 issuance of its previous Convertible Notes, the Company also entered into warrant transactions whereby it sold common stock purchase warrants to counterparties affiliated with the initial purchasers of the Convertible Notes. The warrants entitled the counterparties to purchase shares of the Company’s common stock. Pursuant to December 2014 agreements with the remaining note hedge counterparties, the Company cash settled the remaining 4.7 million warrants in the first quarter of 2015. As the modification required the warrants to be cash settled, the fair value of the warrants was reclassified from stockholders’ equity to a derivative liability on the modification date. In the first quarter of 2015, the Company settled this repurchase for total consideration of $154.7 million and recorded a $20.2 million loss on the change in the fair value of the derivative liability from December 31, 2014 through the settlement date, which is included in other gains and losses, net in the accompanying condensed consolidated statement of operations for the nine months ended September 30, 2015.

Stock Plans

Stock Plans	9 Months Ended
	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Plans	8. STOCK PLANS: In addition to grants of stock options to its directors and employees, the Company’s Amended and Restated 2006 Omnibus Incentive Plan permits the award of restricted stock and restricted stock units. The fair value of restricted stock and restricted stock units with time-based vesting or performance conditions is determined based on the market price of the Company’s stock at the date of grant. The Company generally records compensation expense equal to the fair value of each restricted stock award granted over the vesting period. During the nine months ended September 30, 2015, the Company granted 0.2 million restricted stock units with a weighted-average grant date fair value of $58.98 per award. There were 0.5 million and 0.6 million restricted stock units outstanding at September 30, 2015 and December 31, 2014, respectively. The compensation expense that has been charged against pre-tax income for all of the Company’s stock-based compensation plans was $1.5 million for the three months ended September 30, 2015 and 2014 and $4.6 million and $4.2 million for the nine months ended September 30, 2015 and 2014, respectively.

Retirement and Postretirement B

Retirement and Postretirement Benefits Other Than Pension Plans	9 Months Ended
	Sep. 30, 2015
Compensation and Retirement Disclosure [Abstract]
Retirement and Postretirement Benefits Other Than Pension Plans	9. RETIREMENT AND POSTRETIREMENT BENEFITS OTHER THAN PENSION PLANS: Net periodic pension (income) expense reflected in the accompanying condensed consolidated statements of operations included the following components for the respective periods (in thousands): Three Months Ended Nine Months Ended 2015 2014 2015 2014 Interest cost $ 1,005 $ 1,053 $ 2,977 $ 3,142 Expected return on plan assets (1,142 ) (1,379 ) (3,518 ) (4,198 ) Amortization of net actuarial loss 258 180 875 475 Net settlement loss 1,593 — 1,593 — Total net periodic pension (income) expense $ 1,714 $ (146 ) $ 1,927 $ (581 ) As a result of increased lump-sum distributions from the Company’s qualified retirement plan during 2015, a net settlement loss of $1.6 million was recognized in the three months and nine months ended September 30, 2015 and has been classified as corporate operating expenses in the accompanying condensed consolidated statements of operations and comprehensive income. In addition, the increase in lump-sum distributions required the Company to re-measure its liability under its pension plan as of August 31, 2015. As a result of the lump-sum distributions and a decrease in the pension plan’s expected return on plan assets from 7.5% at December 31, 2014 to 6.5% at August 31, 2015, partially offset by an increase in the pension plan’s assumed discount rate from 3.7% at December 31, 2014 to 4.0% at August 31, 2015, the Company recorded a $2.2 million increase in its liability under the pension plan, which was recorded as an increase in other liabilities and accumulated other comprehensive loss in the accompanying condensed consolidated balance sheet as of September 30, 2015. Net postretirement benefit income reflected in the accompanying condensed consolidated statements of operations included the following components for the respective periods (in thousands): Three Months Ended Nine Months Ended 2015 2014 2015 2014 Interest cost $ 53 $ 56 $ 159 $ 165 Amortization of net actuarial loss 118 125 354 334 Amortization of prior service credit (329 ) (328 ) (986 ) (985 ) Total net postretirement benefit income $ (158 ) $ (147 ) $ (473 ) $ (486 )

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Income Taxes	10. INCOME TAXES: The Company has elected to be taxed as a REIT effective January 1, 2013, pursuant to the U.S. Internal Revenue Code of 1986, as amended. As a REIT, generally the Company will not be subject to federal corporate income taxes on ordinary taxable income and capital gains income from real estate investments that it distributes to its stockholders. The Company will, however, be subject to corporate income taxes on built-in gains (the excess of fair market value over tax basis at January 1, 2013) that result from gains on certain assets. In addition, the Company will continue to be required to pay federal and state corporate income taxes on earnings of its taxable REIT subsidiaries (“TRSs”). The income tax benefit related to the current period operations of the Company was $4.6 million and $0.5 million for the three months ended September 30, 2015 and 2014, respectively, and $3.4 million and $0.4 million for the nine months ended September 30, 2015 and 2014, respectively. These results differ from the statutory rate primarily due to the non-taxable income of the REIT and the decrease in valuation allowance required at the TRSs. At September 30, 2015 and December 31, 2014, the Company had no unrecognized tax benefits.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	11. COMMITMENTS AND CONTINGENCIES: The Company is self-insured up to a stop loss for certain losses related to workers’ compensation claims and general liability claims through September 30, 2012, and for certain losses related to employee medical benefits through December 31, 2012. The Company’s insurance program subsequently transitioned to a low or no deductible program. The Company has purchased stop-loss coverage in order to limit its exposure to any significant levels of claims relating to workers’ compensation, employee medical benefits and general liability for which it is self-insured. The Company has entered into employment agreements with certain officers, which provide for severance payments upon certain events, including certain terminations in connection with a change of control. The Company, in the ordinary course of business, is involved in certain legal actions and claims on a variety of matters. It is the opinion of management that such legal actions will not have a material effect on the results of operations, financial condition or liquidity of the Company.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2015
Equity [Abstract]
Stockholders' Equity	12. STOCKHOLDERS’ EQUITY: Stock Repurchase Authorization On August 20, 2015, the Company announced that its board of directors authorized a share repurchase program for up to $100 million of the Company’s common stock using cash on hand and borrowings under its revolving credit line. The repurchases are intended to be implemented through open market transactions on U.S. exchanges or in privately negotiated transactions, in accordance with applicable securities laws, and any market purchases will be made during open trading window periods or pursuant to any applicable Rule 10b5-1 trading plans. The authorization extends until December 31, 2016. The timing, prices, and sizes of repurchases will depend upon prevailing market prices, general economic and market conditions and other considerations. The repurchase program does not obligate the Company to acquire any particular amount of stock. During the three months and nine months ended September 30, 2015, no repurchases were made by the Company under this authorization. Dividends On February 26, 2015, the Company’s board of directors declared the Company’s first quarter 2015 cash dividend in the amount of $0.65 per share of common stock, or an aggregate of approximately $33.3 million in cash, which was paid on April 16, 2015 to stockholders of record as of the close of business on March 31, 2015. On June 9, 2015, the Company’s board of directors declared the Company’s second quarter 2015 cash dividend in the amount of $0.65 per share of common stock, or an aggregate of approximately $33.3 million in cash, which was paid on July 15, 2015 to stockholders of record as of the close of business on June 30, 2015. On July 30, 2015, the Company’s board of directors declared the Company’s third quarter 2015 cash dividend in the amount of $0.70 per share of common stock, or an aggregate of approximately $35.9 million in cash, which was paid on October 15, 2015 to stockholders of record as of the close of business on September 30, 2015.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements	13. FAIR VALUE MEASUREMENTS: The Company uses a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers include: Level 1, defined as observable inputs such as quoted prices in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. At September 30, 2015 and December 31, 2014, the Company held certain assets that are required to be measured at fair value on a recurring basis. These included investments held in conjunction with the Company’s non-qualified contributory deferred compensation plan. These investments consist of mutual funds traded in an active market. The Company determined the fair value of these mutual funds based on the net asset value per unit of the funds or the portfolio, which is based upon quoted market prices in an active market. Therefore, the Company has categorized these investments as Level 1. As discussed in Note 7, in the first quarter of 2015, the Company cash settled 4.7 million common stock warrants associated with its Convertible Notes, which were classified as a derivative liability in the accompanying condensed consolidated balance sheet as of December 31, 2014. The Company determined the fair value of these warrants based on the Company’s closing stock price at December 31, 2014 and a pricing grid provided by the counterparties to the warrants that was based on observable inputs. Therefore, the Company has categorized this liability as Level 2. The Company has consistently applied the above valuation techniques in all periods presented and believes it has obtained the most accurate information available for each type of instrument. The Company had no liabilities required to be measured at fair value at September 30, 2015. The Company’s assets and liabilities measured at fair value on a recurring basis at September 30, 2015 and December 31, 2014, were as follows (in thousands): September 30, Markets for Observable Unobservable Deferred compensation plan investments $ 18,317 $ 18,317 $ — $ — Total assets measured at fair value $ 18,317 $ 18,317 $ — $ — December 31, Markets for Observable Unobservable Deferred compensation plan investments $ 19,712 $ 19,712 $ — $ — Total assets measured at fair value $ 19,712 $ 19,712 $ — $ — Warrant liability $ 134,477 $ — $ 134,477 $ — Total liabilities measured at fair value $ 134,477 $ — $ 134,477 $ — The remainder of the assets and liabilities held by the Company at September 30, 2015 are not required to be measured at fair value. The carrying value of certain of these assets and liabilities do not approximate fair value, as described below. As further discussed in Note 6 and the Company’s Annual Report on Form 10-K for the year ended December 31, 2014, in connection with the development of Gaylord National, the Company received two bonds (“Series A Bond” and “Series B Bond”) from Prince George’s County, Maryland which had aggregate carrying values of $83.2 million and $66.3 million, respectively, at September 30, 2015. The maturity dates of the Series A Bond and the Series B Bond are July 1, 2034 and September 1, 2037, respectively. Based upon current market interest rates of notes receivable with comparable market ratings and current expectations about the timing of debt service payments under the notes, which the Company considers as Level 3, the fair value of the Series A Bond, which has the senior claim to the cash flows supporting these bonds, approximated carrying value at September 30, 2015 and the fair value of the Series B Bond was approximately $55 million at September 30, 2015. While the fair value of the Series B Bond decreased to less than its carrying value during 2011 due to a change in the timing of the debt service payments, the Company has the intent and ability to hold this bond to maturity and expects to receive all debt service payments due under the note. Therefore, the Company does not consider the Series B Bond to be other than temporarily impaired at September 30, 2015. The carrying amount of short-term financial instruments held by the Company (cash, short-term investments, trade receivables, accounts payable and accrued liabilities) approximates fair value due to the short maturity of those instruments. The concentration of credit risk on trade receivables is minimized by the large and diverse nature of the Company’s customer base.

Financial Reporting By Business

Financial Reporting By Business Segments	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Financial Reporting By Business Segments	14. FINANCIAL REPORTING BY BUSINESS SEGMENTS: The Company’s operations are organized into three principal business segments: • Hospitality • Entertainment • Corporate and Other The following information is derived directly from the segments’ internal financial reports used for corporate management purposes (amounts in thousands): Three Months Ended Nine Months Ended 2015 2014 2015 2014 Revenues: Hospitality $ 224,842 $ 219,102 $ 707,131 $ 684,235 Entertainment (previously Opry and Attractions) 27,978 25,913 72,873 65,144 Corporate and Other — — — — Total $ 252,820 $ 245,015 $ 780,004 $ 749,379 Depreciation and amortization: Hospitality $ 26,383 $ 25,886 $ 79,175 $ 77,403 Entertainment (previously Opry and Attractions) 1,434 1,327 4,199 3,983 Corporate and Other 681 820 2,093 2,882 Total $ 28,498 $ 28,033 $ 85,467 $ 84,268 Operating income (loss): Hospitality $ 33,994 $ 28,826 $ 133,050 $ 115,033 Entertainment (previously Opry and Attractions) 7,590 8,029 19,899 16,922 Corporate and Other (8,698 ) (7,772 ) (23,477 ) (22,589 ) Preopening costs (118 ) — (909 ) — Impairment and other charges — — (2,890 ) — Total operating income 32,768 29,083 125,673 109,366 Interest expense (16,138 ) (17,135 ) (47,765 ) (48,277 ) Interest income 2,982 3,001 9,383 9,070 Loss on extinguishment of debt — — — (2,148 ) Other gains and (losses), net 2,467 (282 ) (18,104 ) (4,608 ) Income before income taxes $ 22,079 $ 14,667 $ 69,187 $ 63,403

Information Concerning Guaranto

Information Concerning Guarantor and Non-Guarantor Subsidiaries	9 Months Ended
	Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Information Concerning Guarantor and Non-Guarantor Subsidiaries	15. INFORMATION CONCERNING GUARANTOR AND NON-GUARANTOR SUBSIDIARIES: The $350 Million 5% Senior Notes and the $400 Million 5% Senior Notes were each issued by the Operating Partnership and Finco and are guaranteed on a senior unsecured basis by the Company, each of the Company’s four wholly-owned subsidiaries that own the Gaylord Hotels properties, and certain other of the Company’s subsidiaries, each of which guarantees the Operating Partnership’s Credit Facility (such subsidiary guarantors, together with the Company, the “Guarantors”). The subsidiary Guarantors are 100% owned, and the guarantees are full and unconditional and joint and several. Not all of the Company’s subsidiaries have guaranteed the Company’s $350 Million 5% Senior Notes and the $400 Million 5% Senior Notes. The following condensed consolidating financial information includes certain allocations of revenues and expenses based on management’s best estimates, which are not necessarily indicative of financial position, results of operations and cash flows that these entities would have achieved on a stand-alone basis. RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET September 30, 2015 (in thousands) Parent Issuer Guarantors Non- Eliminations Consolidated ASSETS: Property and equipment, net of accumulated depreciation $ 6,680 $ — $ 1,650,830 $ 353,871 $ — $ 2,011,381 Cash and cash equivalents - unrestricted 81 857 26 39,376 — 40,340 Cash and cash equivalents - restricted — — — 21,854 — 21,854 Notes receivable — — — 149,569 — 149,569 Trade receivables, less allowance — — — 63,807 — 63,807 Deferred financing costs — 26,688 — — — 26,688 Prepaid expenses and other assets 7,049 — 119,580 63,159 (122,111 ) 67,677 Intercompany receivables, net — — 1,221,423 — (1,221,423 ) — Investments 982,189 2,795,064 531,809 697,380 (5,006,442 ) — Total assets $ 995,999 $ 2,822,609 $ 3,523,668 $ 1,389,016 $ (6,349,976 ) $ 2,381,316 LIABILITIES AND STOCKHOLDERS’ EQUITY: Debt and capital lease obligations $ — $ 1,468,900 $ — $ 682 $ — $ 1,469,582 Accounts payable and accrued liabilities 348 17,636 1,167 266,755 (122,408 ) 163,498 Deferred income tax liabilities, net 6,970 — 593 1,313 — 8,876 Deferred management rights proceeds — — — 183,877 — 183,877 Dividends payable 36,616 — — — — 36,616 Other liabilities — — 83,405 61,785 283 145,473 Intercompany payables, net 578,671 432,332 — 210,406 (1,221,409 ) — Commitments and contingencies Stockholders’ equity: Preferred stock — — — — — — Common stock 513 1 1 2,387 (2,389 ) 513 Additional paid-in-capital 885,351 1,032,505 2,812,431 1,213,325 (5,058,261 ) 885,351 Treasury stock (9,647 ) — — — — (9,647 ) Accumulated deficit (476,261 ) (128,765 ) 626,071 (524,952 ) 27,646 (476,261 ) Accumulated other comprehensive loss (26,562 ) — — (26,562 ) 26,562 (26,562 ) Total stockholders’ equity 373,394 903,741 3,438,503 664,198 (5,006,442 ) 373,394 Total liabilities and stockholders’ equity $ 995,999 $ 2,822,609 $ 3,523,668 $ 1,389,016 $ (6,349,976 ) $ 2,381,316 RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET December 31, 2014 (in thousands) Parent Issuer Guarantors Non- Eliminations Consolidated ASSETS: Property and equipment, net of accumulated depreciation $ 6,574 $ — $ 1,691,996 $ 337,691 $ — $ 2,036,261 Cash and cash equivalents - unrestricted 392 1,001 36 74,979 — 76,408 Cash and cash equivalents - restricted — — — 17,410 — 17,410 Notes receivable — — — 149,612 — 149,612 Trade receivables, less allowance — — — 45,188 — 45,188 Deferred financing costs — 21,646 — — — 21,646 Prepaid expenses and other assets 16,908 33 75,335 50,713 (76,368 ) 66,621 Intercompany receivables, net — 219,772 1,073,805 — (1,293,577 ) — Investments 1,587,425 2,767,163 526,645 695,896 (5,577,129 ) — Total assets $ 1,611,299 $ 3,009,615 $ 3,367,817 $ 1,371,489 $ (6,947,074 ) $ 2,413,146 LIABILITIES AND STOCKHOLDERS’ EQUITY: Debt and capital lease obligations $ — $ 1,340,500 $ — $ 1,055 $ — $ 1,341,555 Accounts payable and accrued liabilities 36 7,248 216 235,999 (76,651 ) 166,848 Deferred income tax liabilities, net 7,258 — 616 6,410 — 14,284 Deferred management rights proceeds — — — 183,423 — 183,423 Dividends payable 29,133 — — — — 29,133 Derivative liabilities 134,477 — — — — 134,477 Other liabilities — — 79,382 62,354 283 142,019 Intercompany payables, net 1,038,988 — — 254,589 (1,293,577 ) — Commitments and contingencies Stockholders’ equity: Preferred stock — — — — — — Common stock 510 1 1 2,387 (2,389 ) 510 Additional paid-in-capital 882,193 1,741,705 2,803,719 1,183,941 (5,729,365 ) 882,193 Treasury stock (8,002 ) — — — — (8,002 ) Accumulated deficit (446,963 ) (79,839 ) 483,883 (532,338 ) 128,294 (446,963 ) Accumulated other comprehensive loss (26,331 ) — — (26,331 ) 26,331 (26,331 ) Total stockholders’ equity 401,407 1,661,867 3,287,603 627,659 (5,577,129 ) 401,407 Total liabilities and stockholders’ equity $ 1,611,299 $ 3,009,615 $ 3,367,817 $ 1,371,489 $ (6,947,074 ) $ 2,413,146 RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME For the Three Months Ended September 30, 2015 (in thousands) Parent Issuer Guarantors Non- Eliminations Consolidated Revenues: Rooms $ — $ — $ — $ 92,828 $ — $ 92,828 Food and beverage — — — 108,558 — 108,558 Other hotel revenue — — 74,846 27,685 (79,075 ) 23,456 Entertainment (previously Opry and Attractions) 57 — — 27,966 (45 ) 27,978 Total revenues 57 — 74,846 257,037 (79,120 ) 252,820 Operating expenses: Rooms — — — 27,347 — 27,347 Food and beverage — — — 63,797 — 63,797 Other hotel expenses — — 10,935 133,909 (74,736 ) 70,108 Management fees — — — 3,213 — 3,213 Total hotel operating expenses — — 10,935 228,266 (74,736 ) 164,465 Entertainment (previously Opry and Attractions) — — — 19,000 (46 ) 18,954 Corporate 78 374 — 7,565 — 8,017 Corporate overhead allocation 2,482 — 1,856 — (4,338 ) — Preopening costs — — — 118 — 118 Depreciation and amortization 32 — 14,730 13,736 — 28,498 Total operating expenses 2,592 374 27,521 268,685 (79,120 ) 220,052 Operating income (loss) (2,535 ) (374 ) 47,325 (11,648 ) — 32,768 Interest expense — (16,140 ) 10 (8 ) — (16,138 ) Interest income — — — 2,982 — 2,982 Other gains and (losses), net — — — 2,467 — 2,467 Income (loss) before income taxes (2,535 ) (16,514 ) 47,335 (6,207 ) — 22,079 (Provision) benefit for income taxes (135 ) (22 ) (61 ) 4,830 — 4,612 Equity in subsidiaries’ earnings, net 29,361 — — — (29,361 ) — Net income (loss) $ 26,691 $ (16,536 ) $ 47,274 $ (1,377 ) $ (29,361 ) $ 26,691 Comprehensive income (loss) $ 26,364 $ (16,536 ) $ 47,274 $ (1,704 ) $ (29,034 ) $ 26,364 RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME For the Three Months Ended September 30, 2014 (in thousands) Parent Issuer Guarantors Non- Eliminations Consolidated Revenues: Rooms $ — $ — $ — $ 92,378 $ — $ 92,378 Food and beverage — — — 104,175 — 104,175 Other hotel revenue — — 71,800 28,712 (77,963 ) 22,549 Entertainment (previously Opry and Attractions) 132 — — 25,826 (45 ) 25,913 Total revenues 132 — 71,800 251,091 (78,008 ) 245,015 Operating expenses: Rooms — — — 28,397 — 28,397 Food and beverage — — — 60,508 — 60,508 Other hotel expenses — — 11,201 132,341 (71,679 ) 71,863 Management fees — — — 3,622 — 3,622 Total hotel operating expenses — — 11,201 224,868 (71,679 ) 164,390 Entertainment (previously Opry and Attractions) — — — 16,602 (45 ) 16,557 Corporate 47 276 — 6,629 — 6,952 Corporate overhead allocation 3,327 — 2,957 — (6,284 ) — Depreciation and amortization 32 — 14,837 13,164 — 28,033 Total operating expenses 3,406 276 28,995 261,263 (78,008 ) 215,932 Operating income (loss) (3,274 ) (276 ) 42,805 (10,172 ) — 29,083 Interest expense (5,021 ) (12,123 ) — 9 — (17,135 ) Interest income — — — 3,001 — 3,001 Other gains and (losses), net (1,569 ) — — 1,287 — (282 ) Income (loss) before income taxes (9,864 ) (12,399 ) 42,805 (5,875 ) — 14,667 (Provision) benefit for income taxes 6 — (89 ) 546 — 463 Equity in subsidiaries’ earnings, net 24,988 — — — (24,988 ) — Net income (loss) $ 15,130 $ (12,399 ) $ 42,716 $ (5,329 ) $ (24,988 ) $ 15,130 Comprehensive income (loss) $ 15,079 $ (12,399 ) $ 42,716 $ (5,380 ) $ (24,937 ) $ 15,079 RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME For the Nine Months Ended September 30, 2015 (in thousands) Parent Issuer Guarantors Non- Eliminations Consolidated Revenues: Rooms $ — $ — $ — $ 292,089 $ — $ 292,089 Food and beverage — — — 345,931 — 345,931 Other hotel revenue — — 225,182 82,038 (238,109 ) 69,111 Entertainment (previously Opry and Attractions) 172 — — 72,863 (162 ) 72,873 Total revenues 172 — 225,182 792,921 (238,271 ) 780,004 Operating expenses: Rooms — — — 80,216 — 80,216 Food and beverage — — — 193,661 — 193,661 Other hotel expenses — — 32,803 402,566 (224,856 ) 210,513 Management fees — — — 10,516 — 10,516 Total hotel operating expenses — — 32,803 686,959 (224,856 ) 494,906 Entertainment (previously Opry and Attractions) — — — 48,938 (163 ) 48,775 Corporate 251 1,023 2 20,108 — 21,384 Corporate overhead allocation 7,481 — 5,771 — (13,252 ) — Preopening costs — — — 909 — 909 Impairment and other charges — — — 2,890 — 2,890 Depreciation and amortization 95 — 44,245 41,127 — 85,467 Total operating expenses 7,827 1,023 82,821 800,931 (238,271 ) 654,331 Operating income (loss) (7,655 ) (1,023 ) 142,361 (8,010 ) — 125,673 Interest expense — (47,903 ) 12 126 — (47,765 ) Interest income — — — 9,383 — 9,383 Other gains and (losses), net (20,246 ) — — 2,142 — (18,104 ) Income (loss) before income taxes (27,901 ) (48,926 ) 142,373 3,641 — 69,187 (Provision) benefit for income taxes (135 ) — (185 ) 3,745 — 3,425 Equity in subsidiaries’ earnings, net 100,648 — — — (100,648 ) — Net income (loss) $ 72,612 $ (48,926 ) $ 142,188 $ 7,386 $ (100,648 ) $ 72,612 Comprehensive income (loss) $ 72,381 $ (48,926 ) $ 142,188 $ 7,155 $ (100,417 ) $ 72,381 RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME For the Nine Months Ended September 30, 2014 (in thousands) Parent Issuer Guarantors Non- Eliminations Consolidated Revenues: Rooms $ — $ — $ — $ 282,836 $ — $ 282,836 Food and beverage — — — 331,378 — 331,378 Other hotel revenue — — 214,586 85,405 (229,970 ) 70,021 Entertainment (previously Opry and Attractions) 216 — — 65,004 (76 ) 65,144 Total revenues 216 — 214,586 764,623 (230,046 ) 749,379 Operating expenses: Rooms — — — 82,778 — 82,778 Food and beverage — — — 184,748 — 184,748 Other hotel expenses — — 34,069 393,043 (214,324 ) 212,788 Management fees — — — 11,485 — 11,485 Total hotel operating expenses — — 34,069 672,054 (214,324 ) 491,799 Entertainment (previously Opry and Attractions) — — — 44,315 (76 ) 44,239 Corporate 66 896 1 18,744 — 19,707 Corporate overhead allocation 8,726 — 6,920 — (15,646 ) — Depreciation and amortization 53 — 44,654 39,561 — 84,268 Total operating expenses 8,845 896 85,644 774,674 (230,046 ) 640,013 Operating income (loss) (8,629 ) (896 ) 128,942 (10,051 ) — 109,366 Interest expense (16,917 ) (31,360 ) — — — (48,277 ) Interest income — — — 9,070 — 9,070 Loss on extinguishment of debt (2,148 ) — — — — (2,148 ) Other gains and (losses), net (6,065 ) — — 1,457 — (4,608 ) Income (loss) before income taxes (33,759 ) (32,256 ) 128,942 476 — 63,403 (Provision) benefit for income taxes 6 — (1,000 ) 1,365 — 371 Equity in subsidiaries’ earnings, net 97,527 — — — (97,527 ) — Net income (loss) $ 63,774 $ (32,256 ) $ 127,942 $ 1,841 $ (97,527 ) $ 63,774 Comprehensive income (loss) $ 63,623 $ (32,256 ) $ 127,942 $ 1,690 $ (97,376 ) $ 63,623 RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the Nine Months Ended September 30, 2015 (in thousands) Parent Issuer Guarantors Non- Eliminations Consolidated Net cash provided by (used in) operating activities $ 238,543 $ (117,399 ) $ 2,754 $ 27,070 $ — $ 150,968 Purchases of property and equipment (199 ) — (2,764 ) (60,389 ) — (63,352 ) Proceeds from sale of Peterson LOI 10,000 — — — — 10,000 Increase in restricted cash and cash equivalents — — — (4,444 ) — (4,444 ) Other investing activities — — — 2,533 — 2,533 Net cash provided by (used in) investing activities 9,801 — (2,764 ) (62,300 ) — (55,263 ) Net borrowings under credit facility — (268,600 ) — — — (268,600 ) Repayments under term loan B — (3,000 ) — — — (3,000 ) Issuance of senior notes — 400,000 — — — 400,000 Repurchase of common stock warrants (154,681 ) — — — — (154,681 ) Deferred financing costs paid — (11,145 ) — — — (11,145 ) Payment of dividend (95,404 ) — — — — (95,404 ) Proceeds from exercise of stock option and purchase plans 1,430 — — — — 1,430 Other financing activities, net — — — (373 ) — (373 ) Net cash provided by (used in) financing activities (248,655 ) 117,255 — (373 ) — (131,773 ) Net change in cash and cash equivalents (311 ) (144 ) (10 ) (35,603 ) — (36,068 ) Cash and cash equivalents at beginning of period 392 1,001 36 74,979 — 76,408 Cash and cash equivalents at end of period $ 81 $ 857 $ 26 $ 39,376 $ — $ 40,340 RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the Nine Months Ended September 30, 2014 (in thousands) Parent Issuer Guarantors Non- Eliminations Consolidated Net cash provided by (used in) operating activities $ 316,879 $ (168,110 ) $ 51 $ 8,394 $ — $ 157,214 Purchases of property and equipment (6,650 ) (2,893 ) (10 ) (41,175 ) — (50,728 ) Decrease in restricted cash and cash equivalents — — — 5,936 — 5,936 Other investing activities — — — 8,011 — 8,011 Net cash used in investing activities (6,650 ) (2,893 ) (10 ) (27,228 ) — (36,781 ) Net borrowings under credit facility — 17,500 — — — 17,500 Net borrowings under term loan B — 399,000 — — — 399,000 Repurchase and conversion of convertible notes (126,542 ) — — — — (126,542 ) Repurchase of common stock warrants (108,331 ) — — — — (108,331 ) Deferred financing costs paid — (8,428 ) — — — (8,428 ) Payment of dividend (81,352 ) — — — — (81,352 ) Proceeds from exercise of stock option and purchase plans 6,119 — — — — 6,119 Other financing activities, net — — — (445 ) — (445 ) Net cash provided by (used in) financing activities (310,106 ) 408,072 — (445 ) — 97,521 Net change in cash and cash equivalents 123 237,069 41 (19,279 ) — 217,954 Cash and cash equivalents at beginning of period — 714 — 60,865 — 61,579 Cash and cash equivalents at end of period $ 123 $ 237,783 $ 41 $ 41,586 $ — $ 279,533

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Newly Issued Accounting Standards	Newly Issued Accounting Standards In May 2014, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, “ Revenue from Contracts with Customers In April 2015, the FASB issued ASU No. 2015-03, “ Interest – Imputation of Interest

Income Per Share (Tables)

Income Per Share (Tables)	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Weighted Average Number of Common Shares Outstanding	The weighted average number of common shares outstanding is calculated as follows (in thousands): Three Months Ended Nine Months Ended 2015 2014 2015 2014 Weighted average shares outstanding - basic 51,283 50,975 51,226 50,805 Effect of dilutive stock-based compensation 347 442 361 495 Effect of convertible notes — 6,307 — 5,946 Effect of common stock warrants — 3,435 — 3,156 Weighted average shares outstanding - diluted 51,630 61,159 51,587 60,402

Property and Equipment (Tables)

Property and Equipment (Tables)	9 Months Ended
	Sep. 30, 2015
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and equipment at September 30, 2015 and December 31, 2014 is recorded at cost and summarized as follows (in thousands): September 30, December 31, Land and land improvements $ 254,553 $ 254,013 Buildings 2,362,227 2,340,555 Furniture, fixtures and equipment 590,920 576,453 Construction-in-progress 31,568 26,046 3,239,268 3,197,067 Accumulated depreciation (1,227,887 ) (1,160,806 ) Property and equipment, net $ 2,011,381 $ 2,036,261

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Summary of Debt and Capital Lease Obligations	The Company’s debt and capital lease obligations at September 30, 2015 and December 31, 2014 consisted of (in thousands): September 30, December 31, Credit Facility, terms as set forth below $ 317,900 $ 586,500 $400 Million Term Loan B, interest at LIBOR plus 2.75%, maturing January 15, 2021 395,000 398,000 $350 Million Senior Notes, interest at 5.0%, maturing April 15, 2021 350,000 350,000 $400 Million Senior Notes, interest at 5.0%, maturing April 15, 2023 400,000 — AC Hotel Note Payable, terms as set forth in Note 1 6,000 6,000 Capital lease obligations 682 1,055 Total debt 1,469,582 1,341,555 Less amounts due within one year (6,019 ) (377 ) Total long-term debt $ 1,463,563 $ 1,341,178

Retirement and Postretirement25

Retirement and Postretirement Benefits Other Than Pension Plans (Tables)	9 Months Ended
	Sep. 30, 2015
Pension Plan [Member]
Net Periodic Pension and Postretirement Benefit (Income) Expense	Net periodic pension (income) expense reflected in the accompanying condensed consolidated statements of operations included the following components for the respective periods (in thousands): Three Months Ended Nine Months Ended 2015 2014 2015 2014 Interest cost $ 1,005 $ 1,053 $ 2,977 $ 3,142 Expected return on plan assets (1,142 ) (1,379 ) (3,518 ) (4,198 ) Amortization of net actuarial loss 258 180 875 475 Net settlement loss 1,593 — 1,593 — Total net periodic pension (income) expense $ 1,714 $ (146 ) $ 1,927 $ (581 )
Other Postretirement Benefit Plan [Member]
Net Periodic Pension and Postretirement Benefit (Income) Expense	Net postretirement benefit income reflected in the accompanying condensed consolidated statements of operations included the following components for the respective periods (in thousands): Three Months Ended Nine Months Ended 2015 2014 2015 2014 Interest cost $ 53 $ 56 $ 159 $ 165 Amortization of net actuarial loss 118 125 354 334 Amortization of prior service credit (329 ) (328 ) (986 ) (985 ) Total net postretirement benefit income $ (158 ) $ (147 ) $ (473 ) $ (486 )

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Assets and Liabilities Measured at Fair Value on Recurring Basis	The Company had no liabilities required to be measured at fair value at September 30, 2015. The Company’s assets and liabilities measured at fair value on a recurring basis at September 30, 2015 and December 31, 2014, were as follows (in thousands): September 30, Markets for Observable Unobservable Deferred compensation plan investments $ 18,317 $ 18,317 $ — $ — Total assets measured at fair value $ 18,317 $ 18,317 $ — $ — December 31, Markets for Observable Unobservable Deferred compensation plan investments $ 19,712 $ 19,712 $ — $ — Total assets measured at fair value $ 19,712 $ 19,712 $ — $ — Warrant liability $ 134,477 $ — $ 134,477 $ — Total liabilities measured at fair value $ 134,477 $ — $ 134,477 $ —

Financial Reporting By Busine27

Financial Reporting By Business Segments (Tables)	9 Months Ended
	Sep. 30, 2015
Segment Reporting [Abstract]
Segments Internal Financial Reports	The following information is derived directly from the segments’ internal financial reports used for corporate management purposes (amounts in thousands): Three Months Ended Nine Months Ended 2015 2014 2015 2014 Revenues: Hospitality $ 224,842 $ 219,102 $ 707,131 $ 684,235 Entertainment (previously Opry and Attractions) 27,978 25,913 72,873 65,144 Corporate and Other — — — — Total $ 252,820 $ 245,015 $ 780,004 $ 749,379 Depreciation and amortization: Hospitality $ 26,383 $ 25,886 $ 79,175 $ 77,403 Entertainment (previously Opry and Attractions) 1,434 1,327 4,199 3,983 Corporate and Other 681 820 2,093 2,882 Total $ 28,498 $ 28,033 $ 85,467 $ 84,268 Operating income (loss): Hospitality $ 33,994 $ 28,826 $ 133,050 $ 115,033 Entertainment (previously Opry and Attractions) 7,590 8,029 19,899 16,922 Corporate and Other (8,698 ) (7,772 ) (23,477 ) (22,589 ) Preopening costs (118 ) — (909 ) — Impairment and other charges — — (2,890 ) — Total operating income 32,768 29,083 125,673 109,366 Interest expense (16,138 ) (17,135 ) (47,765 ) (48,277 ) Interest income 2,982 3,001 9,383 9,070 Loss on extinguishment of debt — — — (2,148 ) Other gains and (losses), net 2,467 (282 ) (18,104 ) (4,608 ) Income before income taxes $ 22,079 $ 14,667 $ 69,187 $ 63,403

Information Concerning Guaran28

Information Concerning Guarantor and Non-Guarantor Subsidiaries (Tables)	9 Months Ended
	Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Condensed Consolidating Balance Sheet	RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET September 30, 2015 (in thousands) Parent Issuer Guarantors Non- Eliminations Consolidated ASSETS: Property and equipment, net of accumulated depreciation $ 6,680 $ — $ 1,650,830 $ 353,871 $ — $ 2,011,381 Cash and cash equivalents - unrestricted 81 857 26 39,376 — 40,340 Cash and cash equivalents - restricted — — — 21,854 — 21,854 Notes receivable — — — 149,569 — 149,569 Trade receivables, less allowance — — — 63,807 — 63,807 Deferred financing costs — 26,688 — — — 26,688 Prepaid expenses and other assets 7,049 — 119,580 63,159 (122,111 ) 67,677 Intercompany receivables, net — — 1,221,423 — (1,221,423 ) — Investments 982,189 2,795,064 531,809 697,380 (5,006,442 ) — Total assets $ 995,999 $ 2,822,609 $ 3,523,668 $ 1,389,016 $ (6,349,976 ) $ 2,381,316 LIABILITIES AND STOCKHOLDERS’ EQUITY: Debt and capital lease obligations $ — $ 1,468,900 $ — $ 682 $ — $ 1,469,582 Accounts payable and accrued liabilities 348 17,636 1,167 266,755 (122,408 ) 163,498 Deferred income tax liabilities, net 6,970 — 593 1,313 — 8,876 Deferred management rights proceeds — — — 183,877 — 183,877 Dividends payable 36,616 — — — — 36,616 Other liabilities — — 83,405 61,785 283 145,473 Intercompany payables, net 578,671 432,332 — 210,406 (1,221,409 ) — Commitments and contingencies Stockholders’ equity: Preferred stock — — — — — — Common stock 513 1 1 2,387 (2,389 ) 513 Additional paid-in-capital 885,351 1,032,505 2,812,431 1,213,325 (5,058,261 ) 885,351 Treasury stock (9,647 ) — — — — (9,647 ) Accumulated deficit (476,261 ) (128,765 ) 626,071 (524,952 ) 27,646 (476,261 ) Accumulated other comprehensive loss (26,562 ) — — (26,562 ) 26,562 (26,562 ) Total stockholders’ equity 373,394 903,741 3,438,503 664,198 (5,006,442 ) 373,394 Total liabilities and stockholders’ equity $ 995,999 $ 2,822,609 $ 3,523,668 $ 1,389,016 $ (6,349,976 ) $ 2,381,316 RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING BALANCE SHEET December 31, 2014 (in thousands) Parent Issuer Guarantors Non- Eliminations Consolidated ASSETS: Property and equipment, net of accumulated depreciation $ 6,574 $ — $ 1,691,996 $ 337,691 $ — $ 2,036,261 Cash and cash equivalents - unrestricted 392 1,001 36 74,979 — 76,408 Cash and cash equivalents - restricted — — — 17,410 — 17,410 Notes receivable — — — 149,612 — 149,612 Trade receivables, less allowance — — — 45,188 — 45,188 Deferred financing costs — 21,646 — — — 21,646 Prepaid expenses and other assets 16,908 33 75,335 50,713 (76,368 ) 66,621 Intercompany receivables, net — 219,772 1,073,805 — (1,293,577 ) — Investments 1,587,425 2,767,163 526,645 695,896 (5,577,129 ) — Total assets $ 1,611,299 $ 3,009,615 $ 3,367,817 $ 1,371,489 $ (6,947,074 ) $ 2,413,146 LIABILITIES AND STOCKHOLDERS’ EQUITY: Debt and capital lease obligations $ — $ 1,340,500 $ — $ 1,055 $ — $ 1,341,555 Accounts payable and accrued liabilities 36 7,248 216 235,999 (76,651 ) 166,848 Deferred income tax liabilities, net 7,258 — 616 6,410 — 14,284 Deferred management rights proceeds — — — 183,423 — 183,423 Dividends payable 29,133 — — — — 29,133 Derivative liabilities 134,477 — — — — 134,477 Other liabilities — — 79,382 62,354 283 142,019 Intercompany payables, net 1,038,988 — — 254,589 (1,293,577 ) — Commitments and contingencies Stockholders’ equity: Preferred stock — — — — — — Common stock 510 1 1 2,387 (2,389 ) 510 Additional paid-in-capital 882,193 1,741,705 2,803,719 1,183,941 (5,729,365 ) 882,193 Treasury stock (8,002 ) — — — — (8,002 ) Accumulated deficit (446,963 ) (79,839 ) 483,883 (532,338 ) 128,294 (446,963 ) Accumulated other comprehensive loss (26,331 ) — — (26,331 ) 26,331 (26,331 ) Total stockholders’ equity 401,407 1,661,867 3,287,603 627,659 (5,577,129 ) 401,407 Total liabilities and stockholders’ equity $ 1,611,299 $ 3,009,615 $ 3,367,817 $ 1,371,489 $ (6,947,074 ) $ 2,413,146
Condensed Consolidating Statement of Operations and Comprehensive Income	RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME For the Three Months Ended September 30, 2015 (in thousands) Parent Issuer Guarantors Non- Eliminations Consolidated Revenues: Rooms $ — $ — $ — $ 92,828 $ — $ 92,828 Food and beverage — — — 108,558 — 108,558 Other hotel revenue — — 74,846 27,685 (79,075 ) 23,456 Entertainment (previously Opry and Attractions) 57 — — 27,966 (45 ) 27,978 Total revenues 57 — 74,846 257,037 (79,120 ) 252,820 Operating expenses: Rooms — — — 27,347 — 27,347 Food and beverage — — — 63,797 — 63,797 Other hotel expenses — — 10,935 133,909 (74,736 ) 70,108 Management fees — — — 3,213 — 3,213 Total hotel operating expenses — — 10,935 228,266 (74,736 ) 164,465 Entertainment (previously Opry and Attractions) — — — 19,000 (46 ) 18,954 Corporate 78 374 — 7,565 — 8,017 Corporate overhead allocation 2,482 — 1,856 — (4,338 ) — Preopening costs — — — 118 — 118 Depreciation and amortization 32 — 14,730 13,736 — 28,498 Total operating expenses 2,592 374 27,521 268,685 (79,120 ) 220,052 Operating income (loss) (2,535 ) (374 ) 47,325 (11,648 ) — 32,768 Interest expense — (16,140 ) 10 (8 ) — (16,138 ) Interest income — — — 2,982 — 2,982 Other gains and (losses), net — — — 2,467 — 2,467 Income (loss) before income taxes (2,535 ) (16,514 ) 47,335 (6,207 ) — 22,079 (Provision) benefit for income taxes (135 ) (22 ) (61 ) 4,830 — 4,612 Equity in subsidiaries’ earnings, net 29,361 — — — (29,361 ) — Net income (loss) $ 26,691 $ (16,536 ) $ 47,274 $ (1,377 ) $ (29,361 ) $ 26,691 Comprehensive income (loss) $ 26,364 $ (16,536 ) $ 47,274 $ (1,704 ) $ (29,034 ) $ 26,364 RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME For the Three Months Ended September 30, 2014 (in thousands) Parent Issuer Guarantors Non- Eliminations Consolidated Revenues: Rooms $ — $ — $ — $ 92,378 $ — $ 92,378 Food and beverage — — — 104,175 — 104,175 Other hotel revenue — — 71,800 28,712 (77,963 ) 22,549 Entertainment (previously Opry and Attractions) 132 — — 25,826 (45 ) 25,913 Total revenues 132 — 71,800 251,091 (78,008 ) 245,015 Operating expenses: Rooms — — — 28,397 — 28,397 Food and beverage — — — 60,508 — 60,508 Other hotel expenses — — 11,201 132,341 (71,679 ) 71,863 Management fees — — — 3,622 — 3,622 Total hotel operating expenses — — 11,201 224,868 (71,679 ) 164,390 Entertainment (previously Opry and Attractions) — — — 16,602 (45 ) 16,557 Corporate 47 276 — 6,629 — 6,952 Corporate overhead allocation 3,327 — 2,957 — (6,284 ) — Depreciation and amortization 32 — 14,837 13,164 — 28,033 Total operating expenses 3,406 276 28,995 261,263 (78,008 ) 215,932 Operating income (loss) (3,274 ) (276 ) 42,805 (10,172 ) — 29,083 Interest expense (5,021 ) (12,123 ) — 9 — (17,135 ) Interest income — — — 3,001 — 3,001 Other gains and (losses), net (1,569 ) — — 1,287 — (282 ) Income (loss) before income taxes (9,864 ) (12,399 ) 42,805 (5,875 ) — 14,667 (Provision) benefit for income taxes 6 — (89 ) 546 — 463 Equity in subsidiaries’ earnings, net 24,988 — — — (24,988 ) — Net income (loss) $ 15,130 $ (12,399 ) $ 42,716 $ (5,329 ) $ (24,988 ) $ 15,130 Comprehensive income (loss) $ 15,079 $ (12,399 ) $ 42,716 $ (5,380 ) $ (24,937 ) $ 15,079 RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME For the Nine Months Ended September 30, 2015 (in thousands) Parent Issuer Guarantors Non- Eliminations Consolidated Revenues: Rooms $ — $ — $ — $ 292,089 $ — $ 292,089 Food and beverage — — — 345,931 — 345,931 Other hotel revenue — — 225,182 82,038 (238,109 ) 69,111 Entertainment (previously Opry and Attractions) 172 — — 72,863 (162 ) 72,873 Total revenues 172 — 225,182 792,921 (238,271 ) 780,004 Operating expenses: Rooms — — — 80,216 — 80,216 Food and beverage — — — 193,661 — 193,661 Other hotel expenses — — 32,803 402,566 (224,856 ) 210,513 Management fees — — — 10,516 — 10,516 Total hotel operating expenses — — 32,803 686,959 (224,856 ) 494,906 Entertainment (previously Opry and Attractions) — — — 48,938 (163 ) 48,775 Corporate 251 1,023 2 20,108 — 21,384 Corporate overhead allocation 7,481 — 5,771 — (13,252 ) — Preopening costs — — — 909 — 909 Impairment and other charges — — — 2,890 — 2,890 Depreciation and amortization 95 — 44,245 41,127 — 85,467 Total operating expenses 7,827 1,023 82,821 800,931 (238,271 ) 654,331 Operating income (loss) (7,655 ) (1,023 ) 142,361 (8,010 ) — 125,673 Interest expense — (47,903 ) 12 126 — (47,765 ) Interest income — — — 9,383 — 9,383 Other gains and (losses), net (20,246 ) — — 2,142 — (18,104 ) Income (loss) before income taxes (27,901 ) (48,926 ) 142,373 3,641 — 69,187 (Provision) benefit for income taxes (135 ) — (185 ) 3,745 — 3,425 Equity in subsidiaries’ earnings, net 100,648 — — — (100,648 ) — Net income (loss) $ 72,612 $ (48,926 ) $ 142,188 $ 7,386 $ (100,648 ) $ 72,612 Comprehensive income (loss) $ 72,381 $ (48,926 ) $ 142,188 $ 7,155 $ (100,417 ) $ 72,381 RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF OPERATIONS AND COMPREHENSIVE INCOME For the Nine Months Ended September 30, 2014 (in thousands) Parent Issuer Guarantors Non- Eliminations Consolidated Revenues: Rooms $ — $ — $ — $ 282,836 $ — $ 282,836 Food and beverage — — — 331,378 — 331,378 Other hotel revenue — — 214,586 85,405 (229,970 ) 70,021 Entertainment (previously Opry and Attractions) 216 — — 65,004 (76 ) 65,144 Total revenues 216 — 214,586 764,623 (230,046 ) 749,379 Operating expenses: Rooms — — — 82,778 — 82,778 Food and beverage — — — 184,748 — 184,748 Other hotel expenses — — 34,069 393,043 (214,324 ) 212,788 Management fees — — — 11,485 — 11,485 Total hotel operating expenses — — 34,069 672,054 (214,324 ) 491,799 Entertainment (previously Opry and Attractions) — — — 44,315 (76 ) 44,239 Corporate 66 896 1 18,744 — 19,707 Corporate overhead allocation 8,726 — 6,920 — (15,646 ) — Depreciation and amortization 53 — 44,654 39,561 — 84,268 Total operating expenses 8,845 896 85,644 774,674 (230,046 ) 640,013 Operating income (loss) (8,629 ) (896 ) 128,942 (10,051 ) — 109,366 Interest expense (16,917 ) (31,360 ) — — — (48,277 ) Interest income — — — 9,070 — 9,070 Loss on extinguishment of debt (2,148 ) — — — — (2,148 ) Other gains and (losses), net (6,065 ) — — 1,457 — (4,608 ) Income (loss) before income taxes (33,759 ) (32,256 ) 128,942 476 — 63,403 (Provision) benefit for income taxes 6 — (1,000 ) 1,365 — 371 Equity in subsidiaries’ earnings, net 97,527 — — — (97,527 ) — Net income (loss) $ 63,774 $ (32,256 ) $ 127,942 $ 1,841 $ (97,527 ) $ 63,774 Comprehensive income (loss) $ 63,623 $ (32,256 ) $ 127,942 $ 1,690 $ (97,376 ) $ 63,623
Condensed Consolidating Statement of Cash Flows	RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the Nine Months Ended September 30, 2015 (in thousands) Parent Issuer Guarantors Non- Eliminations Consolidated Net cash provided by (used in) operating activities $ 238,543 $ (117,399 ) $ 2,754 $ 27,070 $ — $ 150,968 Purchases of property and equipment (199 ) — (2,764 ) (60,389 ) — (63,352 ) Proceeds from sale of Peterson LOI 10,000 — — — — 10,000 Increase in restricted cash and cash equivalents — — — (4,444 ) — (4,444 ) Other investing activities — — — 2,533 — 2,533 Net cash provided by (used in) investing activities 9,801 — (2,764 ) (62,300 ) — (55,263 ) Net borrowings under credit facility — (268,600 ) — — — (268,600 ) Repayments under term loan B — (3,000 ) — — — (3,000 ) Issuance of senior notes — 400,000 — — — 400,000 Repurchase of common stock warrants (154,681 ) — — — — (154,681 ) Deferred financing costs paid — (11,145 ) — — — (11,145 ) Payment of dividend (95,404 ) — — — — (95,404 ) Proceeds from exercise of stock option and purchase plans 1,430 — — — — 1,430 Other financing activities, net — — — (373 ) — (373 ) Net cash provided by (used in) financing activities (248,655 ) 117,255 — (373 ) — (131,773 ) Net change in cash and cash equivalents (311 ) (144 ) (10 ) (35,603 ) — (36,068 ) Cash and cash equivalents at beginning of period 392 1,001 36 74,979 — 76,408 Cash and cash equivalents at end of period $ 81 $ 857 $ 26 $ 39,376 $ — $ 40,340 RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS For the Nine Months Ended September 30, 2014 (in thousands) Parent Issuer Guarantors Non- Eliminations Consolidated Net cash provided by (used in) operating activities $ 316,879 $ (168,110 ) $ 51 $ 8,394 $ — $ 157,214 Purchases of property and equipment (6,650 ) (2,893 ) (10 ) (41,175 ) — (50,728 ) Decrease in restricted cash and cash equivalents — — — 5,936 — 5,936 Other investing activities — — — 8,011 — 8,011 Net cash used in investing activities (6,650 ) (2,893 ) (10 ) (27,228 ) — (36,781 ) Net borrowings under credit facility — 17,500 — — — 17,500 Net borrowings under term loan B — 399,000 — — — 399,000 Repurchase and conversion of convertible notes (126,542 ) — — — — (126,542 ) Repurchase of common stock warrants (108,331 ) — — — — (108,331 ) Deferred financing costs paid — (8,428 ) — — — (8,428 ) Payment of dividend (81,352 ) — — — — (81,352 ) Proceeds from exercise of stock option and purchase plans 6,119 — — — — 6,119 Other financing activities, net — — — (445 ) — (445 ) Net cash provided by (used in) financing activities (310,106 ) 408,072 — (445 ) — 97,521 Net change in cash and cash equivalents 123 237,069 41 (19,279 ) — 217,954 Cash and cash equivalents at beginning of period — 714 — 60,865 — 61,579 Cash and cash equivalents at end of period $ 123 $ 237,783 $ 41 $ 41,586 $ — $ 279,533

Basis of Presentation - Additio

Basis of Presentation - Additional Information (Detail)	Sep. 30, 2015
Accounting Policies [Abstract]
Percentage of owned subsidiaries	100.00%

Basis of Presentation - Acquisi

Basis of Presentation - Acquisition - Additional Information (Detail) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015USD ($)	Dec. 31, 2014USD ($)aRoom
Business Acquisition [Line Items]
Total Debt	$ 1,469,582	$ 1,341,555
AC Hotel Notes Payable [Member]
Business Acquisition [Line Items]
Total Debt	$ 6,000	$ 6,000
Aloft Hotel National Harbor [Member]
Business Acquisition [Line Items]
Number of room purchased | Room		192
Purchase price of hotel		$ 21,800
Purchase of additional land | a		0.5
Purchase price paid		$ 21,200
Hotel opened date	April 2,015

Basis of Presentation - Reclass

Basis of Presentation - Reclassifications - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2014
Food and Beverage Revenue [Member]
Prior period reclassification adjustment	$ 5.9	$ 19.7
Other Revenue [Member]
Prior period reclassification adjustment	(5.9)	(19.7)
Rooms Expense [Member]
Prior period reclassification adjustment	1.1	3.1
Other Hotel Expense [Member]
Prior period reclassification adjustment	$ (1.1)	$ (3.1)

Deferred Management Rights Pr32

Deferred Management Rights Proceeds - Additional Information (Detail) - USD ($) $ in Millions	Oct. 01, 2012	Sep. 30, 2015
Real Estate [Abstract]
Sales price of management rights and intellectual property	$ 210
Purchase price to the Management Rights	190
Purchase price IP Rights	$ 20
Term of management rights for income amortization		65 years

Income Per Share - Weighted Ave

Income Per Share - Weighted Average Number of Common Shares Outstanding (Detail) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Earnings Per Share [Abstract]
Weighted average shares outstanding - basic	51,283	50,975	51,226	50,805
Effect of dilutive stock-based compensation	347	442	361	495
Effect of convertible notes		6,307		5,946
Effect of common stock warrants		3,435		3,156
Weighted average shares outstanding - diluted	51,630	61,159	51,587	60,402

Income Per Share - Additional I

Income Per Share - Additional Information (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Earnings Per Share [Line Items]
Loss on call spread modification related to convertible notes		$ 4,952
3.75% Convertible Senior Notes [Member]
Earnings Per Share [Line Items]
Interest	3.75%
Maturity date for Senior Notes	Oct. 1, 2014

Accumulated Other Comprehensi35

Accumulated Other Comprehensive Loss - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Equity [Abstract]
Other comprehensive (income) loss, before reclassifications	$ 600,000	$ 0	$ 600,000	$ 0
Amounts reclassified from AOCI, before tax	$ 0	$ 0	$ 200,000	$ (200,000)

Property and Equipment - Proper

Property and Equipment - Property and Equipment (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Property and Equipment, gross	$ 3,239,268	$ 3,197,067
Accumulated depreciation	(1,227,887)	(1,160,806)
Property and equipment, net	2,011,381	2,036,261
Land and land improvements [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment, gross	254,553	254,013
Buildings [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment, gross	2,362,227	2,340,555
Furniture, fixtures and equipment [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment, gross	590,920	576,453
Construction-in-progress [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment, gross	$ 31,568	$ 26,046

Notes Receivable - Additional I

Notes Receivable - Additional Information (Detail) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015USD ($)Note	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)Note	Sep. 30, 2014USD ($)
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of notes receivable | Note	2		2
Interest income	$ 2,982	$ 3,001	$ 9,383	$ 9,070
National Bonds [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Number of notes receivable | Note	2		2
Interest income	$ 3,000	$ 3,000	$ 9,300	9,100
Payment received relating to notes receivables			$ 9,400	$ 10,800

Debt - Summary of Debt and Capi

Debt - Summary of Debt and Capital Lease Obligations (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Total Debt	$ 1,469,582	$ 1,341,555
Less amounts due within one year	(6,019)	(377)
Total long-term debt	1,463,563	1,341,178
$400 Million Term Loan B [Member]
Debt Instrument [Line Items]
Total Debt	395,000	398,000
$350 Million Senior Notes at 5% Interest [Member]
Debt Instrument [Line Items]
Total Debt	350,000	350,000
$400 Million 5% Senior Notes [Member]
Debt Instrument [Line Items]
Total Debt	400,000
AC Hotel Notes Payable [Member]
Debt Instrument [Line Items]
Total Debt	6,000	6,000
Credit Facility [Member]
Debt Instrument [Line Items]
Total Debt	317,900	586,500
Capital Lease Obligations [Member]
Debt Instrument [Line Items]
Total Debt	$ 682	$ 1,055

Debt - Summary of Debt and Ca39

Debt - Summary of Debt and Capital Lease Obligations (Parenthetical) (Detail) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
$400 Million Term Loan B [Member]
Debt Instrument [Line Items]
Total credit facility	$ 400,000,000	$ 400,000,000
Spread rate added to LIBOR	2.75%	2.75%
Maturity date for credit facility	Jan. 15, 2021	Jan. 15, 2021
$350 Million Senior Notes at 5% Interest [Member]
Debt Instrument [Line Items]
Total Senior Notes	$ 350,000,000	$ 350,000,000
Interest rate of Senior Notes	5.00%	5.00%
Maturity date for Senior Notes	Apr. 15, 2021	Apr. 15, 2021
$400 Million 5% Senior Notes [Member]
Debt Instrument [Line Items]
Total Senior Notes	$ 400,000,000
Interest rate of Senior Notes	5.00%
Maturity date for Senior Notes	Apr. 15, 2023

Debt - Credit Facility - Additi

Debt - Credit Facility - Additional Information (Detail)	9 Months Ended	12 Months Ended
	Sep. 30, 2015USD ($)EntityExtensionOptions	Dec. 31, 2014USD ($)	Jun. 05, 2015USD ($)
Debt Instrument [Line Items]
Number of wholly owned subsidiaries | Entity	4
Write off of deferred financing costs	$ 1,926,000
$400 Million Term Loan B [Member]
Debt Instrument [Line Items]
Total credit facility	$ 400,000,000	$ 400,000,000
Maturity Date	Jan. 15, 2021	Jan. 15, 2021
Spread rate added to LIBOR	2.75%	2.75%
$400 Million 5% Senior Notes [Member]
Debt Instrument [Line Items]
Senior notes, principal amount	$ 400,000,000
Interest rate of Senior Notes	5.00%
Maturity date	Apr. 15, 2023
Senior Secured Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maturity Date	Jun. 5, 2019
Number of extension options | ExtensionOptions	2
Spread rate added to LIBOR	1.65%
Senior Secured Revolving Credit Facility [Member] | Minimum [Member]
Debt Instrument [Line Items]
Fee to be paid by the company on the average unused portion	0.20%
Senior Secured Revolving Credit Facility [Member] | Maximum [Member]
Debt Instrument [Line Items]
Fee to be paid by the company on the average unused portion	0.30%
Senior Secured Revolving Credit Facility [Member] | $1 Billion Credit Facility [Member]
Debt Instrument [Line Items]
Total credit facility			$ 700,000,000
Senior Secured Term Loan Facility [Member] | $1 Billion Credit Facility [Member]
Debt Instrument [Line Items]
Total credit facility			$ 300,000,000
Write off of deferred financing costs	$ 1,900,000

Debt - $400 Million 5% Senior N

Debt - $400 Million 5% Senior Notes - Additional Information (Detail) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014	Jun. 05, 2015
$400 Million 5% Senior Notes [Member]
Debt Instrument [Line Items]
Maturity date	Apr. 15, 2023
Senior notes, principal amount	$ 400,000,000
Interest rate of Senior Notes	5.00%
Beginning date of interest payments	Oct. 15, 2015
First semi-annual interest payment date	April 15
Second semi-annual interest payment date	October 15
Percentage of principal amount plus accrued and unpaid interest	100.00%
Redemption date	Apr. 15, 2018
Net proceeds from issuance of senior notes	$ 392,000,000
$400 Million 5% Senior Notes [Member] | Redemption Beginning April 15, 2018 [Member]
Debt Instrument [Line Items]
Redemption price expressed as percentage	103.75%
$400 Million 5% Senior Notes [Member] | Redemption Beginning April 15, 2019 [Member]
Debt Instrument [Line Items]
Redemption price expressed as percentage	102.50%
$400 Million 5% Senior Notes [Member] | Redemption Beginning April 15, 2020 [Member]
Debt Instrument [Line Items]
Redemption price expressed as percentage	101.25%
$400 Million 5% Senior Notes [Member] | Redemption Beginning April 15, 2021 [Member]
Debt Instrument [Line Items]
Redemption price expressed as percentage	100.00%
$350 Million Senior Notes at 5% Interest [Member]
Debt Instrument [Line Items]
Maturity date	Apr. 15, 2021	Apr. 15, 2021
Senior notes, principal amount	$ 350,000,000	$ 350,000,000
Interest rate of Senior Notes	5.00%	5.00%
Maturity year of note	2,021
Senior Secured Term Loan Facility [Member] | $1 Billion Credit Facility [Member]
Debt Instrument [Line Items]
Total credit facility			$ 300,000,000

Debt - Additional Information (

Debt - Additional Information (Detail) - USD ($) $ in Thousands, shares in Millions	3 Months Ended	9 Months Ended
	Mar. 31, 2015	Sep. 30, 2015	Sep. 30, 2014
Debt Instrument [Line Items]
Total consideration for repurchase of warrants		$ 154,681	$ 108,331
3.75% Convertible Senior Notes [Member]
Debt Instrument [Line Items]
Warrants repurchased	4.7
Total consideration for repurchase of warrants	$ 154,700	154,700
Gain (loss) on change in the fair value of the derivative liability	$ (20,200)	$ (20,200)

Stock Plans - Additional Inform

Stock Plans - Additional Information (Detail) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost on stock-based compensation plans	$ 1.5	$ 1.5	$ 4.6	$ 4.2
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock award granted by Company			0.2
Weighted-average grant-date fair value of restricted stock awards granted			$ 58.98
Restricted stock award, outstanding	0.5		0.5		0.6

Retirement and Postretirement44

Retirement and Postretirement Benefits Other Than Pension Plans - Net Periodic Pension and Postretirement Benefit (Income) Expense (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Interest cost	$ 1,005	$ 1,053	$ 2,977	$ 3,142
Expected return on plan assets	(1,142)	(1,379)	(3,518)	(4,198)
Amortization of net actuarial loss	258	180	875	475
Net settlement loss	1,593		1,593
Total net periodic pension and postretirement benefit (income) expense	1,714	(146)	1,927	(581)
Other Postretirement Benefit Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Interest cost	53	56	159	165
Amortization of net actuarial loss	118	125	354	334
Amortization of prior service credit	(329)	(328)	(986)	(985)
Total net periodic pension and postretirement benefit (income) expense	$ (158)	$ (147)	$ (473)	$ (486)

Retirement and Postretirement45

Retirement and Postretirement Benefits Other Than Pension Plans - Additional Information (Detail) - USD ($) $ in Thousands	Aug. 31, 2015	Sep. 30, 2015	Sep. 30, 2015	Dec. 31, 2014
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Net settlement loss		$ (1,593)	$ (1,593)
Pension plan's assumed discount rate	4.00%			3.70%
Increase in pension plan liability			2,200
Expected long-term rate of return on plan assets	6.50%			7.50%
Corporate Operating Expenses [Member]
Defined Benefit Plan Disclosure [Line Items]
Net settlement loss		$ (1,600)	$ (1,600)

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Benefit for income taxes	$ (4,612,000)	$ (463,000)	$ (3,425,000)	$ (371,000)
Unrecognized tax benefits	$ 0		$ 0		$ 0

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Detail) - USD ($)	3 Months Ended				9 Months Ended
	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Schedule Of Equity [Line Items]
Cash Dividend on Common Stock	$ 0.70	$ 0.65	$ 0.65	$ 0.55	$ 2	$ 1.65
Aggregated Dividend Paid	$ 35,900,000	$ 33,300,000	$ 33,300,000
Common stock Dividend Payable Date	Oct. 15, 2015	Jul. 15, 2015	Apr. 16, 2015
Dividend payable date of record	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015
Dividend payable date declared	Jul. 30, 2015	Jun. 9, 2015	Feb. 26, 2015
2015 Stock Repurchase Program [Member]
Schedule Of Equity [Line Items]
Authorized amount for share repurchase program	$ 100,000,000				$ 100,000,000
Company repurchased, shares	0				0

Fair Value Measurements - Addit

Fair Value Measurements - Additional Information (Detail) $ in Thousands, shares in Millions	3 Months Ended	9 Months Ended
	Mar. 31, 2015shares	Sep. 30, 2015USD ($)Note	Dec. 31, 2014USD ($)
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes receivables, carrying value		$ 149,569	$ 149,612
Number of notes receivable | Note		2
3.75% Convertible Senior Notes [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Common stock warrants repurchased | shares	4.7
Bonds A Series [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes receivables, carrying value		$ 83,200
Maturity date		Jul. 1, 2034
Bonds B Series [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Notes receivables, carrying value		$ 66,300
Notes receivable, fair value		$ 55,000
Maturity date		Sep. 1, 2037

Fair Value Measurements - Asset

Fair Value Measurements - Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation plan investments	$ 18,317	$ 19,712
Total assets measured at fair value	18,317	19,712
Warrant liability		134,477
Total liabilities measured at fair value		134,477
Markets for Identical Assets (Level 1) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation plan investments	18,317	19,712
Total assets measured at fair value	$ 18,317	19,712
Observable Inputs (Level 2) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Warrant liability		134,477
Total liabilities measured at fair value		$ 134,477

Financial Reporting by Busine50

Financial Reporting by Business Segments - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2015Segment
Segment Reporting [Abstract]
Number of business segments	3

Financial Reporting by Busine51

Financial Reporting by Business Segments - Segments Internal Financial Reports (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Segment Reporting Information [Line Items]
Revenues	$ 252,820	$ 245,015	$ 780,004	$ 749,379
Depreciation and amortization	28,498	28,033	85,467	84,268
Preopening costs	(118)		(909)
Impairment and other charges			(2,890)
Operating income (loss)	32,768	29,083	125,673	109,366
Interest expense	(16,138)	(17,135)	(47,765)	(48,277)
Interest income	2,982	3,001	9,383	9,070
Loss on extinguishment of debt				(2,148)
Other gains and (losses), net	2,467	(282)	(18,104)	(4,608)
Income before income taxes	22,079	14,667	69,187	63,403
Operating Segments [Member] | Hospitality [Member]
Segment Reporting Information [Line Items]
Revenues	224,842	219,102	707,131	684,235
Depreciation and amortization	26,383	25,886	79,175	77,403
Operating income (loss)	33,994	28,826	133,050	115,033
Operating Segments [Member] | Entertainment (Previously Opry and Attractions) [Member]
Segment Reporting Information [Line Items]
Revenues	27,978	25,913	72,873	65,144
Depreciation and amortization	1,434	1,327	4,199	3,983
Operating income (loss)	7,590	8,029	19,899	16,922
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization	681	820	2,093	2,882
Operating income (loss)	(8,698)	$ (7,772)	(23,477)	$ (22,589)
Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
Preopening costs	$ (118)		(909)
Impairment and other charges			$ (2,890)

Information Concerning Guaran52

Information Concerning Guarantor and Non-Guarantor Subsidiaries - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2015USD ($)Entity	Dec. 31, 2014USD ($)
Condensed Financial Statements, Captions [Line Items]
Number of wholly owned subsidiaries	4
Ownership percentage in subsidiaries	100.00%
Guarantors [Member]
Condensed Financial Statements, Captions [Line Items]
Number of wholly owned subsidiaries	4
$350 Million Senior Notes at 5% Interest [Member]
Condensed Financial Statements, Captions [Line Items]
Interest rate of Senior Notes	5.00%	5.00%
Senior notes, principal amount | $	$ 350,000,000	$ 350,000,000
$400 Million 5% Senior Notes [Member]
Condensed Financial Statements, Captions [Line Items]
Interest rate of Senior Notes	5.00%
Senior notes, principal amount | $	$ 400,000,000

Information Concerning Guaran53

Information Concerning Guarantor and Non-Guarantor Subsidiaries - Condensed Consolidating Balance Sheet (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Dec. 31, 2013
ASSETS:
Property and equipment, net of accumulated depreciation	$ 2,011,381	$ 2,036,261
Cash and cash equivalents - unrestricted	40,340	76,408	$ 279,533	$ 61,579
Cash and cash equivalents - restricted	21,854	17,410
Notes receivable	149,569	149,612
Trade receivables, less allowance	63,807	45,188
Deferred financing costs	26,688	21,646
Prepaid expenses and other assets	67,677	66,621
Total assets	2,381,316	2,413,146
LIABILITIES AND STOCKHOLDERS' EQUITY:
Debt and capital lease obligations	1,469,582	1,341,555
Accounts payable and accrued liabilities	163,498	166,848
Deferred income tax liabilities, net	8,876	14,284
Deferred management rights proceeds	183,877	183,423
Dividends payable	36,616	29,133
Derivative liabilities		134,477
Other liabilities	$ 145,473	$ 142,019
Commitments and contingencies
Stockholders' equity:
Preferred stock
Common stock	$ 513	$ 510
Additional paid-in-capital	885,351	882,193
Treasury stock	(9,647)	(8,002)
Accumulated deficit	(476,261)	(446,963)
Accumulated other comprehensive loss	(26,562)	(26,331)
Total stockholders' equity	373,394	401,407
Total liabilities and stockholders' equity	2,381,316	2,413,146
Parent Guarantor [Member]
ASSETS:
Property and equipment, net of accumulated depreciation	6,680	6,574
Cash and cash equivalents - unrestricted	81	392	123
Prepaid expenses and other assets	7,049	16,908
Investments	982,189	1,587,425
Total assets	995,999	1,611,299
LIABILITIES AND STOCKHOLDERS' EQUITY:
Accounts payable and accrued liabilities	348	36
Deferred income tax liabilities, net	6,970	7,258
Dividends payable	36,616	29,133
Derivative liabilities		134,477
Intercompany payables, net	$ 578,671	$ 1,038,988
Commitments and contingencies
Stockholders' equity:
Preferred stock
Common stock	$ 513	$ 510
Additional paid-in-capital	885,351	882,193
Treasury stock	(9,647)	(8,002)
Accumulated deficit	(476,261)	(446,963)
Accumulated other comprehensive loss	(26,562)	(26,331)
Total stockholders' equity	373,394	401,407
Total liabilities and stockholders' equity	995,999	1,611,299
Issuer [Member]
ASSETS:
Cash and cash equivalents - unrestricted	857	1,001	237,783	714
Deferred financing costs	26,688	21,646
Prepaid expenses and other assets		33
Intercompany receivables, net		219,772
Investments	2,795,064	2,767,163
Total assets	2,822,609	3,009,615
LIABILITIES AND STOCKHOLDERS' EQUITY:
Debt and capital lease obligations	1,468,900	1,340,500
Accounts payable and accrued liabilities	17,636	$ 7,248
Intercompany payables, net	$ 432,332
Commitments and contingencies
Stockholders' equity:
Preferred stock
Common stock	$ 1	$ 1
Additional paid-in-capital	1,032,505	1,741,705
Accumulated deficit	(128,765)	(79,839)
Total stockholders' equity	903,741	1,661,867
Total liabilities and stockholders' equity	2,822,609	3,009,615
Guarantors [Member]
ASSETS:
Property and equipment, net of accumulated depreciation	1,650,830	1,691,996
Cash and cash equivalents - unrestricted	26	36	41
Prepaid expenses and other assets	119,580	75,335
Intercompany receivables, net	1,221,423	1,073,805
Investments	531,809	526,645
Total assets	3,523,668	3,367,817
LIABILITIES AND STOCKHOLDERS' EQUITY:
Accounts payable and accrued liabilities	1,167	216
Deferred income tax liabilities, net	593	616
Other liabilities	$ 83,405	$ 79,382
Commitments and contingencies
Stockholders' equity:
Preferred stock
Common stock	$ 1	$ 1
Additional paid-in-capital	2,812,431	2,803,719
Accumulated deficit	626,071	483,883
Total stockholders' equity	3,438,503	3,287,603
Total liabilities and stockholders' equity	3,523,668	3,367,817
Non-Guarantors [Member]
ASSETS:
Property and equipment, net of accumulated depreciation	353,871	337,691
Cash and cash equivalents - unrestricted	39,376	74,979	$ 41,586	$ 60,865
Cash and cash equivalents - restricted	21,854	17,410
Notes receivable	149,569	149,612
Trade receivables, less allowance	63,807	45,188
Prepaid expenses and other assets	63,159	50,713
Investments	697,380	695,896
Total assets	1,389,016	1,371,489
LIABILITIES AND STOCKHOLDERS' EQUITY:
Debt and capital lease obligations	682	1,055
Accounts payable and accrued liabilities	266,755	235,999
Deferred income tax liabilities, net	1,313	6,410
Deferred management rights proceeds	183,877	183,423
Other liabilities	61,785	62,354
Intercompany payables, net	$ 210,406	$ 254,589
Commitments and contingencies
Stockholders' equity:
Preferred stock
Common stock	$ 2,387	$ 2,387
Additional paid-in-capital	1,213,325	1,183,941
Accumulated deficit	(524,952)	(532,338)
Accumulated other comprehensive loss	(26,562)	(26,331)
Total stockholders' equity	664,198	627,659
Total liabilities and stockholders' equity	1,389,016	1,371,489
Eliminations [Member]
ASSETS:
Prepaid expenses and other assets	(122,111)	(76,368)
Intercompany receivables, net	(1,221,423)	(1,293,577)
Investments	(5,006,442)	(5,577,129)
Total assets	(6,349,976)	(6,947,074)
LIABILITIES AND STOCKHOLDERS' EQUITY:
Accounts payable and accrued liabilities	(122,408)	(76,651)
Other liabilities	283	283
Intercompany payables, net	$ (1,221,409)	$ (1,293,577)
Commitments and contingencies
Stockholders' equity:
Preferred stock
Common stock	$ (2,389)	$ (2,389)
Additional paid-in-capital	(5,058,261)	(5,729,365)
Accumulated deficit	27,646	128,294
Accumulated other comprehensive loss	26,562	26,331
Total stockholders' equity	(5,006,442)	(5,577,129)
Total liabilities and stockholders' equity	$ (6,349,976)	$ (6,947,074)

Information Concerning Guaran54

Information Concerning Guarantor and Non-Guarantor Subsidiaries - Condensed Consolidating Statement of Operations and Comprehensive Income (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenues:
Rooms	$ 92,828	$ 92,378	$ 292,089	$ 282,836
Food and beverage	108,558	104,175	345,931	331,378
Other hotel revenue	23,456	22,549	69,111	70,021
Entertainment (previously Opry and Attractions)	27,978	25,913	72,873	65,144
Total revenues	252,820	245,015	780,004	749,379
Operating expenses:
Rooms	27,347	28,397	80,216	82,778
Food and beverage	63,797	60,508	193,661	184,748
Other hotel expenses	70,108	71,863	210,513	212,788
Management fees	3,213	3,622	10,516	11,485
Total hotel operating expenses	164,465	164,390	494,906	491,799
Entertainment (previously Opry and Attractions)	18,954	16,557	48,775	44,239
Corporate	8,017	6,952	21,384	19,707
Preopening costs	118		909
Impairment and other charges			2,890
Depreciation and amortization	28,498	28,033	85,467	84,268
Total operating expenses	220,052	215,932	654,331	640,013
Operating income (loss)	32,768	29,083	125,673	109,366
Interest expense	(16,138)	(17,135)	(47,765)	(48,277)
Interest income	2,982	3,001	9,383	9,070
Loss on extinguishment of debt				(2,148)
Other gains and (losses), net	2,467	(282)	(18,104)	(4,608)
Income (loss) before income taxes	22,079	14,667	69,187	63,403
(Provision) benefit for income taxes	4,612	463	3,425	371
Net income	26,691	15,130	72,612	63,774
Comprehensive income (loss)	26,364	15,079	72,381	63,623
Parent Guarantor [Member]
Revenues:
Entertainment (previously Opry and Attractions)	57	132	172	216
Total revenues	57	132	172	216
Operating expenses:
Corporate	78	47	251	66
Corporate overhead allocation	2,482	3,327	7,481	8,726
Depreciation and amortization	32	32	95	53
Total operating expenses	2,592	3,406	7,827	8,845
Operating income (loss)	(2,535)	(3,274)	(7,655)	(8,629)
Interest expense		(5,021)		(16,917)
Loss on extinguishment of debt				(2,148)
Other gains and (losses), net		(1,569)	(20,246)	(6,065)
Income (loss) before income taxes	(2,535)	(9,864)	(27,901)	(33,759)
(Provision) benefit for income taxes	(135)	6	(135)	6
Equity in subsidiaries' earnings, net	29,361	24,988	100,648	97,527
Net income	26,691	15,130	72,612	63,774
Comprehensive income (loss)	26,364	15,079	72,381	63,623
Issuer [Member]
Operating expenses:
Corporate	374	276	1,023	896
Total operating expenses	374	276	1,023	896
Operating income (loss)	(374)	(276)	(1,023)	(896)
Interest expense	(16,140)	(12,123)	(47,903)	(31,360)
Income (loss) before income taxes	(16,514)	(12,399)	(48,926)	(32,256)
(Provision) benefit for income taxes	(22)
Net income	(16,536)	(12,399)	(48,926)	(32,256)
Comprehensive income (loss)	(16,536)	(12,399)	(48,926)	(32,256)
Guarantors [Member]
Revenues:
Other hotel revenue	74,846	71,800	225,182	214,586
Total revenues	74,846	71,800	225,182	214,586
Operating expenses:
Other hotel expenses	10,935	11,201	32,803	34,069
Total hotel operating expenses	10,935	11,201	32,803	34,069
Corporate			2	1
Corporate overhead allocation	1,856	2,957	5,771	6,920
Depreciation and amortization	14,730	14,837	44,245	44,654
Total operating expenses	27,521	28,995	82,821	85,644
Operating income (loss)	47,325	42,805	142,361	128,942
Interest expense	10		12
Income (loss) before income taxes	47,335	42,805	142,373	128,942
(Provision) benefit for income taxes	(61)	(89)	(185)	(1,000)
Net income	47,274	42,716	142,188	127,942
Comprehensive income (loss)	47,274	42,716	142,188	127,942
Non-Guarantors [Member]
Revenues:
Rooms	92,828	92,378	292,089	282,836
Food and beverage	108,558	104,175	345,931	331,378
Other hotel revenue	27,685	28,712	82,038	85,405
Entertainment (previously Opry and Attractions)	27,966	25,826	72,863	65,004
Total revenues	257,037	251,091	792,921	764,623
Operating expenses:
Rooms	27,347	28,397	80,216	82,778
Food and beverage	63,797	60,508	193,661	184,748
Other hotel expenses	133,909	132,341	402,566	393,043
Management fees	3,213	3,622	10,516	11,485
Total hotel operating expenses	228,266	224,868	686,959	672,054
Entertainment (previously Opry and Attractions)	19,000	16,602	48,938	44,315
Corporate	7,565	6,629	20,108	18,744
Preopening costs	118		909
Impairment and other charges			2,890
Depreciation and amortization	13,736	13,164	41,127	39,561
Total operating expenses	268,685	261,263	800,931	774,674
Operating income (loss)	(11,648)	(10,172)	(8,010)	(10,051)
Interest expense	(8)	9	126
Interest income	2,982	3,001	9,383	9,070
Other gains and (losses), net	2,467	1,287	2,142	1,457
Income (loss) before income taxes	(6,207)	(5,875)	3,641	476
(Provision) benefit for income taxes	4,830	546	3,745	1,365
Net income	(1,377)	(5,329)	7,386	1,841
Comprehensive income (loss)	(1,704)	(5,380)	7,155	1,690
Eliminations [Member]
Revenues:
Other hotel revenue	(79,075)	(77,963)	(238,109)	(229,970)
Entertainment (previously Opry and Attractions)	(45)	(45)	(162)	(76)
Total revenues	(79,120)	(78,008)	(238,271)	(230,046)
Operating expenses:
Other hotel expenses	(74,736)	(71,679)	(224,856)	(214,324)
Total hotel operating expenses	(74,736)	(71,679)	(224,856)	(214,324)
Entertainment (previously Opry and Attractions)	(46)	(45)	(163)	(76)
Corporate overhead allocation	(4,338)	(6,284)	(13,252)	(15,646)
Total operating expenses	(79,120)	(78,008)	(238,271)	(230,046)
Equity in subsidiaries' earnings, net	(29,361)	(24,988)	(100,648)	(97,527)
Net income	(29,361)	(24,988)	(100,648)	(97,527)
Comprehensive income (loss)	$ (29,034)	$ (24,937)	$ (100,417)	$ (97,376)

Information Concerning Guaran55

Information Concerning Guarantor and Non-Guarantor Subsidiaries - Condensed Consolidating Statement of Cash Flows (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	$ 150,968	$ 157,214
Purchases of property and equipment	(63,352)	(50,728)
Proceeds from sale of Peterson LOI	10,000
(Increase) decrease in restricted cash and cash equivalents	(4,444)	5,936
Other investing activities	2,533	8,011
Net cash provided by (used in) investing activities	(55,263)	(36,781)
Net borrowings under credit facility	(268,600)	17,500
Net borrowings under term loan B	(3,000)	399,000
Issuance of senior notes	400,000
Repurchase and conversion of convertible notes		(126,542)
Repurchase of common stock warrants	(154,681)	(108,331)
Deferred financing costs paid	(11,145)	(8,428)
Payment of dividend	(95,404)	(81,352)
Proceeds from exercise of stock option and purchase plans	1,430	6,119
Other financing activities, net	(373)	(445)
Net cash provided by (used in) financing activities	(131,773)	97,521
Net change in cash and cash equivalents	(36,068)	217,954
Cash and cash equivalents - unrestricted, beginning of period	76,408	61,579
Cash and cash equivalents - unrestricted, end of period	40,340	279,533
Parent Guarantor [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	238,543	316,879
Purchases of property and equipment	(199)	(6,650)
Proceeds from sale of Peterson LOI	10,000
Net cash provided by (used in) investing activities	9,801	(6,650)
Repurchase and conversion of convertible notes		(126,542)
Repurchase of common stock warrants	(154,681)	(108,331)
Payment of dividend	(95,404)	(81,352)
Proceeds from exercise of stock option and purchase plans	1,430	6,119
Net cash provided by (used in) financing activities	(248,655)	(310,106)
Net change in cash and cash equivalents	(311)	123
Cash and cash equivalents - unrestricted, beginning of period	392
Cash and cash equivalents - unrestricted, end of period	81	123
Issuer [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	(117,399)	(168,110)
Purchases of property and equipment		(2,893)
Net cash provided by (used in) investing activities		(2,893)
Net borrowings under credit facility	(268,600)	17,500
Net borrowings under term loan B	(3,000)	399,000
Issuance of senior notes	400,000
Deferred financing costs paid	(11,145)	(8,428)
Net cash provided by (used in) financing activities	117,255	408,072
Net change in cash and cash equivalents	(144)	237,069
Cash and cash equivalents - unrestricted, beginning of period	1,001	714
Cash and cash equivalents - unrestricted, end of period	857	237,783
Guarantors [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	2,754	51
Purchases of property and equipment	(2,764)	(10)
Net cash provided by (used in) investing activities	(2,764)	(10)
Net change in cash and cash equivalents	(10)	41
Cash and cash equivalents - unrestricted, beginning of period	36
Cash and cash equivalents - unrestricted, end of period	26	41
Non-Guarantors [Member]
Condensed Financial Statements, Captions [Line Items]
Net cash provided by (used in) operating activities	27,070	8,394
Purchases of property and equipment	(60,389)	(41,175)
(Increase) decrease in restricted cash and cash equivalents	(4,444)	5,936
Other investing activities	2,533	8,011
Net cash provided by (used in) investing activities	(62,300)	(27,228)
Other financing activities, net	(373)	(445)
Net cash provided by (used in) financing activities	(373)	(445)
Net change in cash and cash equivalents	(35,603)	(19,279)
Cash and cash equivalents - unrestricted, beginning of period	74,979	60,865
Cash and cash equivalents - unrestricted, end of period	$ 39,376	$ 41,586