Ryman Hospitality Properties (RHP) 10-K 21 Feb 25 2024 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2024	Jan. 31, 2025	Jun. 28, 2024
Document And Entity Information [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2024
Document Transition Report	false
Entity File Number	1-13079
Entity Registrant Name	RYMAN HOSPITALITY PROPERTIES, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	73-0664379
Entity Address, Address Line One	One Gaylord Drive
Entity Address, City or Town	Nashville
Entity Address, State or Province	TN
Entity Address, Postal Zip Code	37214
City Area Code	615
Local Phone Number	316-6000
Title of 12(b) Security	Common stock, par value $.01
Trading Symbol	RHP
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 5,799,975,051
Entity Common Stock, Shares Outstanding		59,903,401
Entity Central Index Key	0001040829
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Amendment Flag	false
Document Financial Statement Error Correction [Flag]	false
ICFR Auditor Attestation Flag	true
Auditor Name	ERNST & YOUNG LLP
Auditor Firm ID	42
Auditor Location	Nashville, Tennessee

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
ASSETS:
Property and equipment, net	$ 4,124,382	$ 3,955,586
Cash and cash equivalents - unrestricted	477,694	591,833
Cash and cash equivalents - restricted	98,534	108,608
Notes receivable, net	57,801	61,760
Trade receivables, net	94,184	110,029
Deferred income tax assets, net	70,511	81,624
Prepaid expenses and other assets	178,091	154,810
Intangible assets, net	116,376	124,287
Total assets	5,217,573	5,188,537
LIABILITIES AND EQUITY:
Debt and finance lease obligations	3,378,396	3,377,028
Accounts payable and accrued liabilities	466,571	464,720
Distributions payable	71,444	67,932
Deferred management rights proceeds	164,658	165,174
Operating lease liabilities	135,117	129,122
Other liabilities	66,805	66,658
Total liabilities	4,282,991	4,270,634
Commitments and contingencies
Noncontrolling interest in consolidated joint venture	381,945	345,126
Equity:
Preferred stock, $.01 par value, 100,000 shares authorized, no shares issued or outstanding
Common stock, $.01 par value, 400,000 shares authorized, 59,903 and 59,712 shares issued and outstanding, respectively	599	597
Additional paid-in capital	1,475,211	1,502,710
Treasury stock of 696 and 668 shares, at cost	(23,526)	(20,508)
Distributions in excess of retained earnings	(888,132)	(894,259)
Accumulated other comprehensive loss	(15,172)	(19,387)
Total stockholders' equity	548,980	569,153
Noncontrolling interest in Operating Partnership	3,657	3,624
Total equity	552,637	572,777
Total liabilities and equity	$ 5,217,573	$ 5,188,537

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2024	Dec. 31, 2023
Preferred Stock, Number of Shares, Par Value and Other Disclosure [Abstract]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	100,000,000	100,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common Stock, Number of Shares, Par Value and Other Disclosure [Abstract]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	400,000,000	400,000,000
Common stock, shares issued (in shares)	59,903,000	59,712,000
Common stock, shares outstanding (in shares)	59,903,000	59,712,000
Treasury Stock, Value [Abstract]
Treasury stock, shares (in shares)	696,000	668,000

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Revenues:
Total revenues	$ 2,339,226	$ 2,158,136	$ 1,805,969
Operating expenses:
Total hotel operating expenses	1,324,752	1,225,465	1,037,675
Entertainment	241,847	223,663	188,545
Corporate	41,819	42,789	42,982
Preopening costs	4,618	1,308	532
(Gain) loss on sale of assets	(270)		469
Depreciation and amortization	235,626	211,227	208,616
Total operating expenses	1,848,392	1,704,452	1,478,819
Operating income	490,834	453,684	327,150
Interest expense	(225,395)	(211,370)	(148,406)
Interest income	27,977	21,423	5,750
Loss on extinguishment of debt	(2,479)	(2,252)	(1,547)
Income (loss) from unconsolidated joint ventures	275	(17,308)	(10,967)
Other gains and (losses), net	2,814	3,921	1,743
Income before income taxes	294,026	248,098	173,723
(Provision) benefit for income taxes	(13,836)	93,702	(38,775)
Net income	280,190	341,800	134,948
Net income attributable to noncontrolling interest in consolidated joint venture	(6,760)	(28,465)	(5,032)
Net income attributable to noncontrolling interest in Operating Partnership	(1,792)	(2,118)	(923)
Net income available to common stockholders	$ 271,638	$ 311,217	$ 128,993
Basic income per share available to common stockholders	$ 4.54	$ 5.39	$ 2.34
Diluted income per share available to common stockholders	$ 4.38	$ 5.36	$ 2.33
Rooms [Member]
Revenues:
Total revenues	$ 744,587	$ 701,138	$ 595,544
Operating expenses:
Total hotel operating expenses	179,358	173,749	155,817
Food and Beverage [Member]
Revenues:
Total revenues	940,827	831,796	667,009
Operating expenses:
Total hotel operating expenses	516,309	465,963	381,142
Hotel, Other [Member]
Revenues:
Total revenues	311,636	300,544	275,421
Operating expenses:
Total hotel operating expenses	555,554	519,328	457,291
Management Service [Member]
Operating expenses:
Total hotel operating expenses	73,531	66,425	43,425
Entertainment Segment [Member]
Revenues:
Total revenues	$ 342,176	$ 324,658	$ 267,995

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Net income	$ 280,190	$ 341,800	$ 134,948
Other comprehensive income (loss), before tax:
Gains (losses) arising during the period	4,538	4,428	(1,428)
Amount reclassified from accumulated other comprehensive loss	(553)	(308)	(174)
Total gain (loss) on minimum pension liability	3,985	4,120	(1,602)
Interest rate derivatives:
Gains arising during period	1,940	670	16,007
Amount reclassified from accumulated other comprehensive loss	(1,003)	(12,177)	3,541
Total income (loss) from interest rate derivatives	937	(11,507)	19,548
Other-than-temporary impairment loss on held-to-maturity securities:
Amount reclassified from accumulated other comprehensive loss	211	209	211
Total non-credit loss on other-than-temporary impairment	211	209	211
Other comprehensive income (loss), before tax	5,133	(7,178)	18,157
Income tax provision related to items of comprehensive loss	(918)	(1,286)
Other comprehensive income (loss), net of tax	4,215	(8,464)	18,157
Comprehensive income	284,405	333,336	153,105
Comprehensive income available to common stockholders	275,686	302,714	147,370
Consolidated Joint Venture [Member]
Other-than-temporary impairment loss on held-to-maturity securities:
Comprehensive income attributable to noncontrolling interest in consolidated joint venture	(6,899)	(28,560)	(4,683)
Operating Partnership [Member]
Other-than-temporary impairment loss on held-to-maturity securities:
Comprehensive income attributable to noncontrolling interest in Operating Partnership	$ (1,820)	$ (2,062)	$ (1,052)

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Cash Flows from Operating Activities:
Net income	$ 280,190	$ 341,800	$ 134,948
Amounts to reconcile net income to net cash flows provided by operating activities:
Provision (benefit) for deferred income taxes	10,196	(95,825)	8,244
Depreciation and amortization	235,626	211,227	208,616
Amortization of deferred financing costs	10,655	10,663	9,829
(Income) loss from unconsolidated joint ventures	(275)	17,308	10,967
Stock-based compensation expense	13,891	15,421	14,985
Changes in:
Trade receivables	15,845	21,550	(40,686)
Accounts payable and accrued liabilities	13,860	41,520	66,428
Other assets and liabilities	(3,482)	(6,608)	6,600
Net cash flows provided by operating activities	576,506	557,056	419,931
Cash Flows from Investing Activities:
Purchases of property and equipment	(407,905)	(206,776)	(89,520)
Collection of notes receivable	4,060	5,903	3,718
Other investing activities, net	(6,557)	(9,977)	481
Net cash flows used in investing activities	(410,402)	(1,012,816)	(189,313)
Cash Flows from Financing Activities:
Repayments under revolving credit facility			(190,000)
Issuance of senior notes	1,000,000	400,000
Deferred financing costs paid	(23,709)	(23,400)	(15,411)
Issuance of common stock, net		395,444
Sale of noncontrolling interest in OEG			285,925
Payment of distributions	(266,114)	(176,001)	(5,855)
Payment of tax withholdings for share-based compensation	(12,300)	(4,386)	(4,478)
Other financing activities, net	(81)	(271)	(199)
Net cash flows provided by (used in) financing activities	(290,317)	711,871	50,712
Net change in cash, cash equivalents, and restricted cash	(124,213)	256,111	281,330
Cash, cash equivalents, and restricted cash, beginning of year	700,441	444,330	163,000
Cash, cash equivalents, and restricted cash, end of year	576,228	700,441	444,330
JW Marriott Hill Country [Member]
Cash Flows from Investing Activities:
Purchase of business, net of cash acquired		(791,466)
Block 21 [Member]
Cash Flows from Investing Activities:
Purchase of business, net of cash acquired			(93,992)
$300 Million Term Loan A [Member]
Cash Flows from Financing Activities:
Repayments under term loan			(300,000)
$500 Million Term Loan B [Member]
Cash Flows from Financing Activities:
Borrowings under term loan	18,861	500,000
Repayments under term loan	(222,320)	(378,750)	(5,000)
$300 Million OEG Term Loan [Member]
Cash Flows from Financing Activities:
Borrowings under term loan	299,250		288,000
Repayments under term loan	(297,000)	(3,000)	(750)
Block 21 CMBS Loan [Member]
Cash Flows from Financing Activities:
Repayments under loan	(2,904)	(2,765)	(1,520)
$800M Gaylord Rockies Term Loan [Member]
Cash Flows from Financing Activities:
Repayments under term loan	(800,000)
$80M OEG Revolver [Member]
Cash Flows from Financing Activities:
Borrowings under revolving credit facility	54,000	5,000
Repayments under revolving credit facility	$ (38,000)
Circle [Member]
Amounts to reconcile net income to net cash flows provided by operating activities:
(Income) loss from unconsolidated joint ventures		10,500
Cash Flows from Investing Activities:
Investment in joint venture		$ (10,500)	$ (10,000)

CONSOLIDATED STATEMENTS OF CA_2

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Reconciliation of cash, cash equivalents, and restricted cash to balance sheet:
Cash and cash equivalents - unrestricted	$ 477,694	$ 591,833	$ 334,194
Cash and cash equivalents - restricted	98,534	108,608	110,136
Cash, cash equivalents, and restricted cash, end of year	$ 576,228	$ 700,441	$ 444,330	$ 163,000

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY (DEFICIT) AND NONCONTROLLING INTEREST - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	Distributions in Excess of Retained Earnings [Member]	AOCI Attributable to Parent [Member]	Parent [Member]	Noncontrolling Interest [Member]	Redeemable Noncontrolling Interest In Joint Venture [Member]	Total
Beginning balance at Dec. 31, 2021	$ 551	$ 1,112,867	$ (18,467)	$ (1,088,105)	$ (29,080)	$ (22,234)	$ (159)		$ (22,393)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				128,993		128,993	923		128,993
Net income									129,916
Net income								$ 5,032
Net income attributable to noncontrolling interest in Operating Partnership									(923)
Adjustment of noncontrolling interest in consolidated joint venture to redemption value		(10,869)				(10,869)		10,869	(10,869)
Other comprehensive income, net of income taxes					18,157	18,157			18,157
Distribution from consolidated joint venture							(139)
Sale of noncontrolling interest in OEG		(10,031)				(10,031)		295,956	(10,031)
Dividends and distributions declared		54		(19,507)		(19,453)			(19,592)
Payment of dividends							(139)
Restricted stock units and stock options surrendered	1	(4,273)				(4,272)			(4,272)
Equity-based compensation expense		14,985				14,985			14,985
Ending balance at Dec. 31, 2022	552	1,102,733	(18,467)	(978,619)	(10,923)	95,276	625		95,901
Ending balance at Dec. 31, 2022								311,857
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				311,217		311,217	2,118		311,217
Net income									313,335
Net income								28,465
Net income attributable to noncontrolling interest in Operating Partnership									(2,118)
Adjustment of noncontrolling interest in consolidated joint venture to redemption value		(4,804)				(4,804)		4,804	(4,804)
Other comprehensive income, net of income taxes					(8,464)	(8,464)			(8,464)
Reallocation of noncontrolling interest in Operating Partnership		(2,401)				(2,401)	2,401
Distribution from consolidated joint venture							(1,520)
Issuance of common stock, net	44	395,400				395,444			395,444
Dividends and distributions declared		606	(2,041)	(226,857)		(228,292)			(229,812)
Payment of dividends							(1,520)
Restricted stock units and stock options surrendered	1	(4,245)				(4,244)			(4,244)
Equity-based compensation expense		15,421				15,421			15,421
Ending balance at Dec. 31, 2023	597	1,502,710	(20,508)	(894,259)	(19,387)	569,153	3,624		572,777
Ending balance at Dec. 31, 2023								345,126	345,126
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income				271,638		271,638	1,792		271,638
Net income									273,430
Net income								6,760
Net income attributable to noncontrolling interest in Operating Partnership									(1,792)
Adjustment of noncontrolling interest in consolidated joint venture to redemption value		(30,059)				(30,059)		30,059	(30,059)
Other comprehensive income, net of income taxes					4,215	4,215			4,215
Distribution from consolidated joint venture							(1,759)
Dividends and distributions declared		662	(3,018)	(265,511)		(267,867)			(269,626)
Payment of dividends							(1,759)
Restricted stock units and stock options surrendered	2	(11,993)				(11,991)			(11,991)
Equity-based compensation expense		13,891				13,891			13,891
Ending balance at Dec. 31, 2024	$ 599	$ 1,475,211	$ (23,526)	$ (888,132)	$ (15,172)	$ 548,980	$ 3,657		552,637
Ending balance at Dec. 31, 2024								$ 381,945	$ 381,945

CONSOLIDATED STATEMENTS OF EQ_2

CONSOLIDATED STATEMENTS OF EQUITY (DEFICIT) AND NONCONTROLLING INTEREST (Parenthetical)	12 Months Ended
	Dec. 31, 2024 $ / shares
CONSOLIDATED STATEMENTS OF EQUITY (DEFICIT) AND NONCONTROLLING INTEREST
Dividend amount for current period (in dollars per share)	$ 4.45
Dividend On Treasury Stock Flag	true

Description of the Business and

Description of the Business and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2024
Description of the Business and Summary of Significant Accounting Policies
Description of the Business and Summary of Significant Accounting Policies	1. Description of the Business and Summary of Significant Accounting Policies For financial statement presentation and reporting purposes, the Company is the successor to Gaylord Entertainment Company, a Delaware corporation (“Gaylord”). As part of the plan to restructure the business operations of Gaylord to facilitate its qualification as a real estate investment trust (“REIT”) for federal income tax purposes, Gaylord merged with and into its wholly-owned subsidiary, Ryman Hospitality Properties, Inc., a Delaware corporation (“Ryman”), on October 1, 2012, with Ryman as the surviving corporation (the “Merger”). At 12:01 a.m. on October 1, 2012, the effective time of the Merger, Ryman succeeded to and began conducting, directly or indirectly, all of the business conducted by Gaylord immediately prior to the Merger. The “Company” refers to Ryman and its subsidiaries and to Gaylord. On January 1, 2013, the Company began operating as a REIT for federal income tax purposes, specializing in group-oriented, destination hotel assets in urban and resort markets. The Company’s owned assets include a network of upscale, meetings-focused resorts that are managed by Marriott International, Inc. (“Marriott”) under the Gaylord Hotels brand. These five resorts, which the Company refers to as the Gaylord Hotels properties, consist of the Gaylord Opryland Resort & Convention Center in Nashville, Tennessee (“Gaylord Opryland”), the Gaylord Palms Resort & Convention Center near Orlando, Florida (“Gaylord Palms”), the Gaylord Texan Resort & Convention Center near Dallas, Texas (“Gaylord Texan”), the Gaylord National Resort & Convention Center near Washington D.C. (“Gaylord National”), and the Gaylord Rockies Resort & Convention Center near Denver, Colorado (“Gaylord Rockies”). The Company’s other owned hotel assets managed by Marriott include the JW Marriott San Antonio Hill Country Resort & Spa (“JW Marriott Hill Country”) (effective June 30, 2023), the Inn at Opryland, an overflow hotel adjacent to Gaylord Opryland, and the AC Hotel at National Harbor, Washington D.C. (“AC Hotel”), an overflow hotel adjacent to Gaylord National. The Company also owns a controlling 70% equity interest in OEG Attractions Holdings, LLC, a business comprised of a number of entertainment and media assets, known as the Opry Entertainment Group (“OEG”), which the Company reports as its Entertainment segment. These assets include the Grand Ole Opry, the legendary weekly showcase of country music’s finest performers; the Ryman Auditorium, the storied live music venue and former home of the Grand Ole Opry; WSM-AM, the Opry’s radio home; Ole Red, a brand of Blake Shelton-themed bar, music venue and event spaces; Category 10, a Luke Combs-themed bar, music venue and event space that opened in November 2024; as of May 31, 2022, Block 21, a mixed-use entertainment, lodging, office, and retail complex located in Austin, Texas (“Block 21”); and as of January 3, 2025, a majority equity interest in Southern Entertainment, a Charlotte, North Carolina-based national music festival and events production company. Prior to June 16, 2022, the Company owned 100% of OEG. See “OEG Transaction” in this Note 1 for further disclosure. OEG also previously owned a 50% interest in a joint venture that created and distributed a linear multicast and over-the-top channel dedicated to the country music lifestyle (“Circle”). The Company conducts its business through an umbrella partnership 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. Ryman and the non-controlling operating partnership unit holders discussed in “Income Per Share” in this Note 1 are the sole limited partners of the Operating Partnership, and Ryman currently owns, either directly or indirectly, 99.3% 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. 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 Annual Report on Form 10-K and Ryman’s other reports, documents or other information filed with the Securities and Exchange Commission 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; and Corporate and Other. The Company’s fiscal year ends on December 31 for all periods presented. Business Segments Hospitality The Hospitality segment includes the Gaylord Hotels properties, JW Marriott Hill Country (effective June 30, 2023), the Inn at Opryland and the AC Hotel, each of which is managed by Marriott pursuant to a management agreement for each hotel. Entertainment The Entertainment segment includes the OEG business, specifically the Grand Ole Opry, the Ryman Auditorium, WSM-AM, Ole Red, Category 10, Block 21, and OEG’s previous investment in the Circle joint venture, among various others. Marriott manages the day-to-day operations of the General Jackson and the W Austin, which is part of the Block 21 complex, pursuant to management agreements. Corporate and Other The Corporate and Other segment includes operating and general and administrative expenses related to the overall management of the Company which are not allocated to the other reportable segments, including certain costs for the Company’s retirement plans, equity-based compensation plans, information technology, human resources, accounting, and other administrative expenses. Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and its subsidiaries. The Company’s investments in non-controlled entities in which it has the ability to exercise significant influence over operating and financial policies are accounted for by the equity method. All significant intercompany accounts and transactions have been eliminated in consolidation. The Company analyzes its variable interests, including loans, guarantees, management agreements, leasing arrangements and equity investments, to determine if an entity in which it has a variable interest is a variable interest entity (“VIE”). This analysis primarily includes a qualitative review, which is based on a review of the design of the entity, its organizational structure, including decision-making ability, and relevant financial agreements. This analysis is also used to determine if the Company must consolidate the VIE as the primary beneficiary. In September 2023, the Company and its joint venture partner agreed to wind down the Circle joint venture, with operations ceasing December 31, 2023. As a result, the Company incurred a loss related to Circle of approximately $10.5 million, which is included in loss from unconsolidated joint ventures in the accompanying consolidated statement of operations for 2023. OEG Transaction On June 16, 2022, the Company and certain of its subsidiaries consummated the transactions contemplated by an investment agreement (the “Investment Agreement”) with Atairos Group, Inc. (“Atairos”) and A-OEG Holdings, LLC, an affiliate of Atairos (the “OEG Investor”), pursuant to which OEG issued and sold to the OEG Investor, and the OEG Investor acquired, 30% of the equity interests of OEG for approximately $296.0 million (the “OEG Transaction”). The Company retains a controlling 70% equity interest in OEG and continues to consolidate the assets, liabilities and results of operations of OEG in the accompanying consolidated financial statements. The portion of OEG that the Company does not own is recorded as noncontrolling interest in consolidated joint venture, which is classified as mezzanine equity in the accompanying consolidated balance sheets, and any adjustment necessary to reflect the noncontrolling interest at its redemption value is shown in the accompanying consolidated statements of equity (deficit) and noncontrolling interest. After the payment of transaction expenses, the Company used substantially all of the net proceeds from the OEG Transaction, together with the net proceeds the Company received from the OEG Term Loan (as defined below), to repay the then-outstanding balance of the Company’s former $300 million term loan A and to pay down substantially all borrowings then outstanding under the Company’s revolving credit facility. Pursuant to the Second Amended and Restated Limited Liability Company Agreement for OEG entered into at the closing of the OEG Transaction (the “OEG LLC Agreement”), OEG is governed by a Board of Managers (the “Board”), subject to member consent to certain actions. The Board initially consists of six members, four designated by the Company and two designated by the OEG Investor. Board membership may be modified from time to time to reflect the proportional ownership of outstanding units by each party. Subject to certain ownership thresholds, the approval of both parties will be required with respect to certain “major decisions” affecting OEG, including, but not limited to, approval of OEG’s annual operating budget in the event of changes exceeding certain thresholds, the incurrence of certain debt, the issuance of new equity securities, and mergers, acquisitions or dispositions in excess of a certain dollar threshold. The OEG Investor will have the option to acquire additional common units of OEG from the Company (the “Purchase Option”) in the fourth quarter of 2025 in an amount equal to the lesser of $125 million or the maximum amount of proceeds that the Company may receive with respect to its compliance with applicable REIT tests, provided that the OEG Investor may not purchase an amount of common units that would result in the Company owning less than 51% of the outstanding common units after giving effect to the purchase. If the OEG Investor elects to exercise the Purchase Option, then (i) beginning on June 16, 2027 (the fifth anniversary of the OEG Investor’s original investment in OEG (the “Fifth Anniversary”)), the OEG Investor will have the right to demand that OEG undertake a Qualified IPO and (ii) the OEG Investor’s rights with respect to the IPO Request Put Right, the Seven-Year Put Right, an IPO Payment and a Sale Payment, each as defined in the OEG LLC Agreement and described below, will expire. The Purchase Option will terminate upon the occurrence of a Qualified IPO, a Sale of OEG or a Qualified Spinoff, each as defined in the OEG LLC Agreement. IPO Request Put Right . Seven-Year Put Right ​ The IPO Request Put Price and the Seven-Year Put Price may each be settled in either cash or Company stock, at the Company’s option, and the IPO Request Put Right and the Seven-Year Put Right will each terminate at the first closing of the Purchase Option. ​ IPO Payment . Upon a Qualified IPO that occurs on or before the Seventh Anniversary, the OEG Investor will be entitled to an IPO Payment if the Post IPO Investor Stake Value (as defined in OEG LLC Agreement) measured on the 120 th trading day post-IPO does not equal or exceed the Minimum Investor Stake Value (as defined in the OEG LLC Agreement). If the IPO occurs after the Fourth Anniversary, the IPO Payment will be capped at 50% of the OEG Investor’s investment in OEG (the “Payment Cap”). Any IPO Payment may be satisfied in either cash, OEG equity owned by the Ryman Member, or Company stock, at the Company’s option. ​ Sale Payment Any Sale Payment may be satisfied in either cash, a preferential cash distribution, additional consideration in the Sale of OEG or Company stock at the Company’s option. ​ The above descriptions related to the OEG LLC Agreement do not purport to be complete and are qualified in their entirety by reference to the OEG LLC Agreement filed as Exhibit 10.11 to this Annual Report on Form 10-K ​ JW Marriott Hill Country Transaction On June 30, 2023, the Company purchased JW Marriott Hill Country for approximately $800 million. Located amid approximately 600 acres in the Texas Hill Country region outside of San Antonio, JW Marriott Hill Country, which opened in 2010, is a premier group-oriented resort with 1,002 rooms and 268,000 total square feet of indoor and outdoor meeting and event space. The resort’s amenities include a spa, several food and beverage outlets, a water experience, and TPC San Antonio, which features two 18-hole golf courses. The Company funded the purchase price with approximately $395 million in net proceeds of an underwritten registered public offering of approximately 4.4 million shares of the Company’s common stock (see Note 9, “Equity”), approximately $393 million in net proceeds of a private placement of $400 million aggregate principal amount of 7.25% senior notes due 2028 (see Note 4, “Debt”) and cash on hand. JW Marriott Hill Country assets and operations are reflected in the Company’s Hospitality segment beginning June 30, 2023. The Company performed a valuation of the fair value of the acquired assets and liabilities assumed as of June 30, 2023. The valuations of the various components of property and equipment were determined principally based on the cost approach, which uses assumptions regarding replacement values from established indices. The valuation of intangible assets was based on various methods to evaluate the values of advanced bookings previously received for the hotel and the values of golf memberships and water rights for the golf course. The Company considers each of these estimates as Level 3 fair value measurements. The Company determined that the acquisition represents an asset acquisition and has capitalized transaction costs and allocated the purchase price to the relative fair values of assets acquired and liabilities assumed, adjusted for working capital adjustments as set forth in the purchase agreement and transaction costs, as follows (amounts in thousands): ​ ​ ​ ​ Property and equipment ​ $ 772,821 Cash and cash equivalents - unrestricted ​ 12,690 Cash and cash equivalents - restricted ​ ​ 5,477 Trade receivables ​ 14,743 Prepaid expenses and other assets ​ 3,953 Intangible assets ​ 25,097 Total assets acquired ​ ​ 834,781 Accounts payable and accrued liabilities ​ ​ (25,148) Total liabilities assumed ​ ​ (25,148) Net assets acquired ​ $ 809,633 ​ Block 21 Transaction On May 31, 2022, the Company purchased Block 21 for a stated purchase price of $260 million, as subsequently adjusted to $255 million pursuant to the terms of the purchase agreement, which included the assumption of approximately $136 million of existing mortgage debt. Block 21 is the home of the Austin City Limits Live at The Moody Theater (“ACL Live”), a 2,750-seat entertainment venue that serves as the filming location for the Austin City Limits television series. The Block 21 complex also includes the 251-room W Austin, the 3TEN at ACL Live club and approximately 53,000 square feet of other Class A commercial space. The Company funded the cash portion of the purchase price with cash on hand and borrowings under its revolving credit facility. The acquisition was accounted for as a business combination, given the different nature of the principal operations acquired (a hotel and an entertainment venue). Block 21 assets and operations are reflected in the Company’s Entertainment segment beginning May 31, 2022. The Company performed a preliminary valuation of the fair value of the acquired assets and liabilities assumed as of May 31, 2022. The valuations of the various components of property and equipment were determined principally based on the cost approach, which uses assumptions regarding replacement values from established indices. The valuation of intangible assets was based on various methods to evaluate the values of leases in place and advanced bookings previously received for the hotel. The valuation of assumed debt was principally based on a discounted cash flow approach using market interest rates at the time of the transaction. The Company considers each of these estimates as Level 3 fair value measurements. Other acquired assets were valued at, and fair value approximated, carrying value. Based on the aggregation of fair values as compared to consideration transferred, the Company concluded that there was no goodwill or bargain purchase gain related to the business combination. The Company performed an income approach evaluation of the acquired set which corroborated the conclusion that there was no goodwill related to the acquisition. Such evaluation included assumptions of future projected cash flows, which were based on the future projected occupancy and average daily rate for the W Austin, future anticipated cash flows at ACL Live, and market discount rates. Utilizing the valuation, the Company performed a purchase price allocation for the acquired assets and liabilities of Block 21. As a result, the Company allocated the purchase price, adjusted for working capital adjustments as defined in the purchase agreement, as follows (amounts in thousands): ​ ​ ​ ​ ​ Property and equipment ​ $ 237,159 Cash and cash equivalents - unrestricted ​ 8,493 Cash and cash equivalents - restricted ​ ​ 12,450 Trade receivables ​ 1,405 Prepaid expenses and other assets ​ 1,085 Intangible assets ​ 1,723 Total assets acquired ​ ​ 262,315 ​ ​ ​ ​ Debt ​ ​ (132,531) Accounts payable and accrued liabilities ​ ​ (14,774) Other liabilities ​ ​ (75) Total liabilities assumed ​ ​ (147,380) ​ ​ ​ ​ Net assets acquired ​ $ 114,935 ​ During the first quarter of 2023, the Company concluded its valuation of the fair value of the acquired assets and liabilities assumed as of May 31, 2022, and no significant changes were made to the provisional amounts presented above. The Company incurred $1.3 million in acquisition-related expenses in 2022, which are included in entertainment expenses in the accompanying consolidated statement of operations. Property and Equipment Property and equipment are stated at cost or initially at estimated fair value if recorded in connection with purchase accounting. Improvements and significant renovations that extend the lives of existing assets are capitalized. Interest on funds borrowed to finance the construction of major capital additions is included in the cost of the applicable capital addition. Maintenance and repairs are charged to expense as incurred. Property and equipment are generally depreciated using the straight-line method over the following estimated useful lives: ​ ​ ​ ​ Buildings 40 years Land improvements 20 years Furniture, fixtures and equipment 5-8 years Leasehold improvements The shorter of the lease term or useful life ​ Cash and Cash Equivalents — Unrestricted The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. The Company maintains cash and cash equivalents balances in excess of insured limits with various financial institutions. Cash and Cash Equivalents — Restricted Restricted cash and cash equivalents primarily represent funds held by our property manager for furniture, fixtures and equipment reserves. In addition, based on its loan agreement, Block 21 must maintain a restricted cash balance related to debt service, property tax, insurance and other payments. Effective September 30, 2024, Block 21 was in a Trigger Period (as defined in Note 4, “Debt”). Such cash amounts held as a result of the Trigger Period are also included in restricted cash for 2024. Supplemental Cash Flow Information Cash paid for interest, net considering amounts from interest rate swaps, for the years ended December 31 was comprised of (amounts in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 2022 Debt interest paid ​ $ 210,650 ​ $ 183,479 ​ $ 135,467 Capitalized interest ​ (7,560) ​ (2,483) ​ (183) Cash paid for interest, net of capitalized interest ​ $ 203,090 ​ $ 180,996 ​ $ 135,284 ​ Net cash payments of income taxes in 2024, 2023 and 2022 were $3.0 million, $6.5 million and $27.0 million, respectively. Accounts Receivable The Company’s accounts receivable are primarily generated by meetings and convention attendees’ room nights and food and beverage. Receivables arising from these sales are not collateralized. Credit risk associated with the accounts receivable is minimized due to the large and diverse nature of the customer base. Credit Loss Reserves on Receivables The Company provides for credit loss reserves based upon a percentage of accounts receivable that considers historical write-offs, current economic conditions, and management’s expectations about future economic conditions, as well as periodic evaluations of the aging of accounts receivable. The Company provides credit loss reserves for the Gaylord National bonds by comparing the amortized cost basis to their present value. If the amortized cost basis exceeds the present value, an expected credit loss exists and the allowance for credit losses is measured as the difference between the bonds’ amortized cost basis and present value, which is estimated using discounted cash flow analyses that utilize comprehensive cash flow projections over the contractual life of the bonds, as well as observable market data to the extent available. The Company considers each of these estimates as Level 3 fair value measurements. Prepaid Expenses and Other Assets Prepaid expenses and other assets at December 31 consist of (amounts in thousands): ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 Prepaid expenses ​ $ 26,872 ​ $ 22,458 Supplemental deferred compensation plan assets ​ 37,440 ​ 33,073 Tax rebate receivables ​ ​ 34,780 ​ ​ 34,324 Inventories ​ 16,134 ​ 14,007 Right-of-use assets for operating leases ​ ​ 22,079 ​ ​ 18,134 Deferred financing costs on revolving credit facilities ​ ​ 6,162 ​ ​ 8,420 Other ​ 34,624 ​ 24,394 Total prepaid expenses and other assets ​ $ 178,091 ​ $ 154,810 ​ Prepaid expenses consist of prepayments for property taxes, insurance and other contracts that will be expensed during the subsequent year. Inventories consist primarily of food and beverage inventory for resale and retail inventory sold in the Entertainment segment. Inventory is carried at the lower of cost or net realizable value. Cost is computed on an average cost basis. Other assets include capitalized software costs, non-trade receivables, and investments in joint ventures, among others. Gaylord Rockies is party to an incentive agreement with the local government that provides that Gaylord Rockies is entitled to receive monthly rebates of certain city and state taxes, including property, sales and lodging taxes. The term of the rebate agreement varies by type of tax but ranges from 25-33 years from commencement of the construction of Gaylord Rockies. Gaylord Rockies earned $52.2 million, $52.8 million and $38.4 million in rebates in 2024, 2023 and 2022, respectively, which are generally recorded as a reduction in other hotel expenses in the accompanying consolidated statements of operations. Intangible Assets In connection with the Company’s purchase price allocation of the Gaylord Rockies joint venture, the Company acquired certain definite-lived intangibles, which are shown on the accompanying consolidated balance sheets. Included in these intangibles are the original estimated fair value of advanced bookings of $125.5 million and the original estimated fair value related to the Gaylord Hotels trade name, which Marriott owns, of $115.3 million. The advanced bookings asset was amortized on a straight-line basis over a period of 3.5 years, which corresponded with the period in which the advanced bookings related, and the value in the trade name is being amortized on a straight-line basis over 30 years, which is the period of the Marriott management agreement. The gross carrying amount of intangible assets at December 31, 2024 and 2023 was $274.9 million and $279.8 million, respectively. Accumulated amortization of intangible assets at December 31, 2024 and 2023 was $158.5 million and $155.6 million, respectively. Amortization expense related to intangible assets during 2024, 2023 and 2022 was $7.8 million, $6.8 million and $22.7 million, respectively. The estimated amounts of amortization expense for the next five years are as follows (amounts in thousands): ​ ​ ​ ​ ​ 2025 $ 7,694 2026 ​ 7,456 2027 ​ 5,458 2028 ​ 5,329 2029 ​ 5,329 ​ ​ $ 31,266 ​ Accounts Payable and Accrued Liabilities Accounts payable and accrued liabilities at December 31 consist of (amounts in thousands): ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 Trade accounts payable ​ $ 58,366 ​ $ 57,030 Property and other taxes payable ​ 91,941 ​ 90,558 Deferred revenues ​ 173,029 ​ 159,762 Accrued salaries and benefits ​ 45,780 ​ 57,502 Interest payable ​ 48,415 ​ 39,870 Other accrued liabilities ​ 49,040 ​ 59,998 Total accounts payable and accrued liabilities ​ $ 466,571 ​ $ 464,720 ​ Deferred revenues consist primarily of deposits on advance bookings of hotel rooms and advance ticket sales at the Company’s entertainment properties, as well as uncollected attrition and cancellation fees. Other accrued liabilities include accruals for, among others, purchasing, meeting planner commissions and utilities. Income Taxes The Company establishes deferred tax assets and liabilities based on the difference between the financial statement and income tax carrying amounts of assets and liabilities using existing tax laws and tax rates. The Company reports a liability for unrecognized tax benefits resulting from uncertain tax positions taken or expected to be taken in a tax return, if any. The Company recognizes interest and penalties, if any, related to unrecognized tax benefits in income tax expense. See Note 10, “Income Taxes,” for more detail on the Company’s income taxes. The effect on deferred tax assets and liabilities of a change in the tax rate is recognized in income in the period that includes the enactment date of the rate change. The Company records a valuation allowance to reduce its deferred tax assets to the amount that is more likely than not to be realized. The Company has considered all available positive and negative evidence in assessing the need for a valuation allowance. Deferred Management Rights Proceeds The Company has deferred and amortizes the proceeds received from Marriott that were allocated to the sale of the management rights, as discussed further in Note 5, “Deferred Management Rights Proceeds,” on a straight-line basis over the term of the hotel management agreements, including extensions, as a reduction in management fee expense in the accompanying consolidated statements of operations. Other Liabilities Other liabilities at December 31 consist of (amounts in thousands): ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 Pension and postretirement benefits liability ​ $ 12,649 ​ $ 17,404 Deferred compensation liability ​ 37,440 ​ 33,073 Derivative liabilities ​ ​ 386 ​ ​ 1,322 Other ​ 16,330 ​ 14,859 Total other liabilities ​ $ 66,805 ​ $ 66,658 ​ Deferred Financing Costs Deferred financing costs (“DFCs”) consist of loan fees and other costs of financing that are amortized over the term of the related financing agreements, using the effective interest method, and are generally presented as a reduction of the related debt liability. DFCs on the Company’s revolving credit facility and the OEG revolving credit facility are included in prepaid expenses and other assets when the related revolving credit facility has no outstanding balance. During 2024, 2023 and 2022, DFCs of $10.7 million, $10.7 million and $9.8 million, respectively, were amortized to interest expense in the accompanying consolidated statements of operations. Noncontrolling Interests OEG The noncontrolling interest in consolidated joint venture for 2024 and 2023 represents the minority investor’s proportionate share of the assets and liabilities of OEG, adjusted for changes in the redemption value of the related put rights. The noncontrolling interest is classified in the mezzanine section of the consolidated balance sheets as the related redemption options do not meet the requirements for permanent equity classification because these redemption options may be redeemed by the holder as described above in “OEG Transaction.” The initial value of the noncontrolling interest in OEG, which included certain put rights, was estimated based on the purchase price received from the OEG Investor. In general, the carrying value will be based on the greater of the accumulated historical cost or the put right redemption value, and at December 31, 2024, approximates the fair value of the noncontrolling interest. An adjustment is also made for the OEG Investor’s proportionate share of income or loss in the accompanying consolidated statements of operations. OP Units Certain former owners of interests in the previous Gaylord Rockies joint venture received units of the Operating Partnership (“OP Units”) in exchange for their interests. Such OP Units have economic terms that are substantially similar to shares of the Company’s common stock and are redeemable at the option of the holders thereof. The noncontrolling interest in the Operating Partnership represents the limited partners’ proportionate share of the equity of the Operating Partnership. The noncontrolling interest is classified in the equity section of the consolidated balance sheets, separately from stockholders’ equity, as the related redemption options are redeemable for cash, or if the Company so elects, in unregistered shares of the Company’s common stock on a one-for-one basis, subject to certain adjustments. An adjustment is made for the limited partners’ proportionate share of income or loss in the accompanying consolidated statements of operations. At December 31, 2024, 0.4 million outstanding OP Units, or 0.7% of the outstanding OP Units, were held by the noncontrolling limited partners and are included as a component of equity in the accompanying consolidated balance sheets. The Company owns, directly or indirectly, the remaining 99.3% of the outstanding OP Units. Revenue Recognition Revenues from occupied hotel rooms are recognized over time as the daily hotel stay is provided to hotel groups and guests. Revenues from concessions, food and beverage sales and group meeting services are recognized over the period or at the point in time those goods or services are delivered to the hotel group or guest. Revenues from ancillary services at the Company’s hotels, such as spa, parking, and transportation services, are generally recognized at the time the goods or services are provided. Cancellation fees and attrition fees, which are charged to groups when they do not fulfill the minimum number of room nights or minimum food and beverage spending requirements originally contracted for, are generally recognized as revenue in the period the Company determines it is probable that a significant reversal in the amount of revenue recognized will not occur, which is typically the period these fees are collected. The Company generally recognizes revenues from the Entertainment segment at the point in time that services are provided or goods are delivered or shipped to the customer, as applicable. Cash received from advanced ticket sales is deferred and recognized as revenue at the time of the event. Entertainment segment revenues from licenses of content are recognized at the point in time the content is delivered to the licensee and the licensee can use and benefit from the content. The Company is required to collect certain taxes from customers on behalf of government agencies and remit these to the applicable governmental entity on a periodic basis. These taxes are collected from customers at the time of purchase but are not included in revenue. The Company records a liability upon collection from the customer and relieves the liability when payments are remitted to the applicable governmental agency. The Company’s revenues disaggregated by major source are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 2022 Hotel group rooms ​ $ 509,014 ​ $ 462,674 ​ $ 364,835 Hotel transient rooms ​ 235,573 238,464 230,709 Hotel food and beverage - banquets ​ 666,525

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2024
Property and Equipment
Property and Equipment	2. Property and Equipment Property and equipment at December 31 is recorded at cost, with the exception of right-of-use finance leases and the initial value assigned to assets acquired in an acquisition, and summarized as follows (amounts in thousands): ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 Land and land improvements ​ $ 613,870 ​ $ 605,500 Buildings ​ 4,593,839 ​ 4,396,302 Furniture, fixtures and equipment ​ 1,329,039 ​ 1,138,769 Right-of-use finance lease assets ​ ​ 1,017 ​ ​ 1,793 Construction-in-progress ​ 110,897 ​ 122,923 ​ ​ 6,648,662 ​ 6,265,287 Accumulated depreciation and amortization ​ (2,524,280) ​ (2,309,701) Property and equipment, net ​ $ 4,124,382 ​ $ 3,955,586 ​ Depreciation expense, including amortization of assets under finance lease obligations, during 2024, 2023 and 2022 was $226.8 million, $203.3 million, and $184.7 million, respectively. In June 2017, the Company entered into an agreement with the Industrial Development Board of the Metropolitan Government of Nashville and Davidson County (the “Board”) to implement a tax abatement plan related to Gaylord Opryland. The tax abatement plan provides for the capping of real property taxes for a period of eight years by legally transferring title to the Gaylord Opryland real property to the Board. The Board financed the acquisition of the Gaylord Opryland real property by issuing a $650 million industrial revenue bond to the Company. The Board then leased this property back to the Company. The Company is obligated to make lease payments equal to the debt service on the industrial revenue bond. No cash was exchanged, and no cash will be exchanged in connection with the Company’s lease payments under the lease. The tax abatement period extends through the term of the lease, which coincides with the nine-year maturity of the bond. At any time, the Company has the option to repurchase the real property at a de minimis amount. Due to the form of these transactions, the Company has not recorded the bond or the lease obligation associated with the sale lease-back transaction, and the cost of the Gaylord Opryland real property remains recorded on the balance sheets and is being depreciated over its estimated useful life.

Notes Receivable

Notes Receivable	12 Months Ended
	Dec. 31, 2024
Notes Receivable
Notes Receivable	3. Notes Receivable In connection with the development of Gaylord National, Prince George’s County, Maryland (“the County”) issued a bond with a face value of $95 million (“Series A Bond”) and an additional bond with a face value of $50 million (“Series B Bond”), which were delivered to the Company upon substantial completion and opening of Gaylord National in 2008. The interest rate on the Series A Bond and Series B Bond is 8.0% and 10.0%, respectively. The maturity dates of the Series A Bond and the Series B Bond are July 1, 2034 and September 1, 2037, respectively. Upon receipt in 2008, the Company calculated the present value of the future debt service payments from the Series A Bond and Series B Bond based on their effective interest rates of 8.04% and 11.42%, respectively, and recorded the notes receivable at their discounted values of $93.8 million and $38.3 million, respectively. The Company records the amortization of discount on these notes receivable as interest income over the terms of the notes. The Company is currently holding the bonds, which have aggregate carrying values and approximate fair values of $57.8 million and $61.8 million at December 31, 2024 and 2023, respectively, net of a credit loss reserve of $38.0 million at each period. The Company earns interest income on the debt service on the notes receivable, which are payable from tax increments, hotel taxes and special hotel rental taxes generated from the development through the maturity dates. Interest income is recorded on an accrual basis to the extent that such amounts are expected to be collected. During the periods presented, the Company has accrued interest only on the Series A Bond. The Company’s estimate of credit loss reserves is sensitive to significant assumptions, which include the projections of hotel taxes (which are based on expected hotel revenues) and property taxes, both of which are affected by expectations about future market and economic conditions, particularly those in the Washington D.C. market. These assumptions are based on Level 3 inputs. Further, such assumptions are judgmental as the bonds and related projected cash flows continue for an extended period of time through 2037. The Company has the intent and ability to hold the Series A Bond and Series B Bond to maturity and had at inception expected to receive all debt service payments due. As a result of reduced long-range tax revenue projections over the life of the Series B Bond as well as certain cumulative priority payments due to others, in 2017, the Company no longer believed it would receive all debt service payments due under the note, and the Company considered the Series B Bond to be other-than-temporarily impaired (“OTTI”). The amount of the OTTI related to changing market conditions, or the increase in the discount rate, of $6.5 million was recorded as an increase to other comprehensive loss in 2017 and is amortized as an adjustment to the carrying value of the Series B Bond in the accompanying consolidated balance sheets. The discount rate was determined based on the then-current market interest rates of notes receivable with comparable market ratings and the then-current expectations about the timing of debt service payments under the note. The Company performs a quarterly assessment of credit losses, which considers the estimate of projected tax revenues that will service the bonds over their remaining terms. At December 31, 2024 and 2023, the Series B Bond is fully reserved. The Series A Bond is of higher priority than other tranches which fall between the Company’s two issuances. During 2024, 2023 and 2022, the Company recorded interest income of $4.6 million, $4.9 million and $5.3 million, respectively, on these bonds. The Company received payments of $8.8 million, $11.0 million and $9.1 million during 2024, 2023 and 2022, respectively, relating to these notes receivable, which include principal and interest payments.

Debt

Debt	12 Months Ended
	Dec. 31, 2024
Debt
Debt	4. Debt The Company’s debt and finance lease obligations at December 31 consisted of (amounts in thousands): ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 $700M Revolving Credit Facility ​ $ — ​ $ — Term Loan B ​ 292,791 ​ 496,250 4.75% Senior Notes ​ ​ 700,000 ​ ​ 700,000 7.25% Senior Notes ​ ​ 400,000 ​ ​ 400,000 4.50% Senior Notes ​ ​ 600,000 ​ ​ 600,000 6.50% Senior Notes ​ ​ 1,000,000 ​ ​ — Gaylord Rockies Term Loan ​ ​ — ​ ​ 800,000 $80M OEG Revolver ​ 21,000 ​ 5,000 OEG Term Loan ​ 299,250 ​ 296,250 Block 21 CMBS Loan ​ ​ 128,967 ​ ​ 131,871 Finance lease obligations ​ 55 ​ 138 Unamortized deferred financing costs ​ ​ (51,484) ​ ​ (38,309) Unamortized discounts and premiums, net ​ ​ (12,183) ​ ​ (14,172) Total debt ​ $ 3,378,396 ​ $ 3,377,028 ​ At December 31, 2024, there were no defaults under the covenants related to the Company’s outstanding debt. Annual maturities of long-term debt, excluding finance lease obligations, are as follows (amounts in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ​ ​ ​ ​ 2025 ​ 2026 ​ 2027 ​ 2028 ​ 2029 ​ Thereafter ​ Total $700M Revolving Credit Facility $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Term Loan B ​ 2,935 ​ ​ 2,935 ​ ​ 2,935 ​ ​ 2,935 ​ ​ 2,935 ​ ​ 278,116 ​ ​ 292,791 4.75% Senior Notes ​ — ​ ​ — ​ ​ 700,000 ​ ​ — ​ ​ — ​ ​ — ​ ​ 700,000 7.25% Senior Notes ​ — ​ ​ — ​ ​ — ​ ​ 400,000 ​ ​ — ​ ​ — ​ ​ 400,000 4.50% Senior Notes ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 600,000 ​ ​ — ​ ​ 600,000 6.50% Senior Notes ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,000,000 ​ ​ 1,000,000 $80M OEG Revolver ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 21,000 ​ ​ — ​ ​ 21,000 OEG Term Loan ​ 3,000 ​ ​ 3,000 ​ ​ 3,000 ​ ​ 3,000 ​ ​ 3,000 ​ ​ 284,250 ​ ​ 299,250 Block 21 CMBS Loan ​ 3,094 ​ ​ 125,873 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 128,967 Total $ 9,029 ​ $ 131,808 ​ $ 705,935 ​ $ 405,935 ​ $ 626,935 ​ $ 1,562,366 ​ $ 3,442,008 ​ Credit Facility On May 18, 2023, the Company entered into a Credit Agreement (as modified pursuant to the First Incremental Agreement and the Second Incremental Agreement (each as hereinafter defined) and as further supplemented, the “Credit Agreement”), among the Company, as a guarantor, the Operating Partnership, as borrower, certain other subsidiaries of the Company party thereto, as guarantors, certain subsidiaries of the Company party thereto, as pledgors, the lenders party thereto and Wells Fargo Bank, National Association, as administrative agent, which replaced the Company’s previous credit facility. The Credit Agreement provides a $700.0 million revolving credit facility (the “Revolver”) and a senior secured term loan B (the “Term Loan B”) (in the original principal amount of $500.0 million, which was reduced to $295.0 million on March 28, 2024), as well as an accordion feature that will allow the Company to increase the facilities by an aggregate total of up to $475 million, which may be allocated between the Revolver and the Term Loan B at the Company’s option. The Revolver replaced the Company’s previous $700 million revolving credit facility, and a portion of the proceeds from the Term Loan B were used to repay in full the approximately $370 million balance of the Company’s previous term loan B. The Revolver was undrawn at closing. Each of the Revolver and Term Loan B is guaranteed by the Company, each of the Company’s subsidiaries that own the Gaylord Hotels properties, and certain other of the Company’s subsidiaries. Each is secured by equity pledges of the Company’s subsidiaries that are the fee owners of Gaylord Opryland and Gaylord Texan, their respective direct and indirect parent entities, and the equity of Ryman Hotel Operations Holdco, LLC, a wholly owned indirect subsidiary of the Company. Assets and equity of OEG are not subject to the liens of the Credit Agreement. Each of the Revolver and Term Loan B contains certain covenants 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 shall occur and be continuing under the Credit Agreement, the commitments under the Credit Agreement may be terminated and the principal amount outstanding under the Credit Agreement, together with all accrued unpaid interest and other amounts owing in respect thereof, may be declared immediately due and payable. $700 The maturity of the Revolver is May 18, 2027, with the option to extend the maturity date for a maximum of one additional year through either (i) a single twelve-month extension option or (ii) two individual six-month extensions. Borrowings under the Revolver bear interest at an annual rate equal to, at the Company’s option, either (i) Adjusted Term SOFR Adjusted Daily SOFR Term Loan B The Term Loan B has a maturity of May 18, 2030. Prior to the effectiveness of the First Incremental Agreement and the Second Incremental Agreement (as hereinafter defined), the applicable interest rate margins for borrowings under the Term Loan B were, at the Company’s option, either (i) Term SOFR On April 12, 2024, the Company entered into an Incremental Tranche B Term Loan Agreement (the “First Incremental Agreement”), which supplemented the Credit Agreement and included the addition of certain new lenders and removal of certain other lenders. The First Incremental Agreement reduced the applicable interest rate margins for the loans advanced under the refinanced Term Loan B. The applicable interest rate margins for the refinanced Term Loan B On December 19, 2024, the Company entered into an additional Incremental Tranche B Term Loan Agreement (the “Second Incremental Agreement”), which supplements the Credit Agreement. The Second Incremental Agreement reduces the applicable interest rate margins for the loans advanced under the refinanced Term Loan B. The applicable interest rate margins for the refinanced Term Loan B under the Second Incremental Agreement are (i) 2.00% for SOFR At December 31, 2024, the interest rate on the Term Loan B was Term SOFR For purposes of the Term Loan B, each of Term SOFR and Daily Simple SOFR are subject to a floor of 0.00%. $1 Billion 6.50% Senior Notes Due 2032 On March 28, 2024, the Operating Partnership and Finco (collectively, the “issuing subsidiaries”) completed the private placement of $1.0 billion in aggregate principal amount of 6.50% senior notes due 2032 (the $1 Billion 6.50% Senior Notes”), which are guaranteed by the Company and its subsidiaries that guarantee the Credit Agreement. The $1 Billion 6.50% Senior Notes and guarantees were issued pursuant to an indenture by and among the issuing subsidiaries, the guarantors and U.S. Bank National Association, as trustee. The $1 Billion 6.50% Senior Notes have a maturity date of April 1, 2032 and bear interest at 6.50% per annum, payable semi-annually in cash in arrears on April 1 and October 1 each year, beginning October 1, 2024. The $1 Billion 6.50% 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 the Company’s $700 million 4.75% Senior Notes, the $600 Million 4.50% Senior Notes and the $400 Million 7.25% Senior Notes, and senior in right of payment to future subordinated indebtedness, if any. The $1 Billion 6.50% 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 $1 Billion 6.50% 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 $1 Billion 6.50% Senior Notes. The net proceeds from the issuance of the $1 Billion 6.50% Senior Notes totaled approximately $983 million, after deducting the initial purchasers’ discounts, commissions and offering expenses. The Company used a portion of these net proceeds to prepay the indebtedness outstanding under the Company’s previous $800.0 million Gaylord Rockies term loan and used the remaining proceeds, together with cash on hand, to repay $200.0 million under the Term Loan B. The $1 Billion 6.50% Senior Notes are redeemable before April 1, 2027, in whole or in part, at 100.00% , plus accrued and unpaid interest thereon to, but not including, the redemption date, plus a make-whole premium. The $1 Billion 6.50% Senior Notes will be redeemable, in whole or in part, at any time after April 1, 2027 at a redemption price expressed as a percentage of the principal amount thereof, which percentage is 103.250% , 101.625% , and 100.000% beginning on April 1 of 2027, 2028, and 2029, respectively, plus accrued and unpaid interest thereon to, but not including, the redemption date. $700 Million 4.75% Senior Notes Due 2027 In September 2019, the Operating Partnership and Finco completed the private placement of $500.0 million in aggregate principal amount of senior notes due 2027 (the “$500 Million 4.75% Senior Notes”), which are guaranteed by the Company and its subsidiaries that guarantee the Credit Agreement. The $500 Million 4.75% 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 $500 Million 4.75% Senior Notes have a maturity date of October 15, 2027 and bear interest at 4.75% per annum, payable semi-annually in cash in arrears on April 15 and October 15 of each year. The $500 Million 4.75% 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 the Company’s $1 Billion 6.50% Senior Notes, the $600 Million 4.50% Senior Notes and the $400 Million 7.25% Senior Notes, The $500 Million 4.75% 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 $500 Million 4.75% 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 $500 Million 4.75% Senior Notes. In October 2019, the Operating Partnership and Finco completed a tack-on private placement of $200.0 million in aggregate principal amount of 4.75% senior notes due 2027 (the “additional 2027 notes”) at an issue price of 101.250% of their aggregate principal amount plus accrued interest from the September 2019 issue date for the $500 Million 4.75% Senior Notes. The additional 2027 notes and the $500 Million 4.75% Senior Notes constitute a single class of securities (collectively, the “$700 Million 4.75% Senior Notes”). All other terms and conditions of the additional 2027 notes are identical to the $500 Million 4.75% Senior Notes. ​ The $700 Million 4.75% Senior Notes are redeemable, in whole or in part, at a redemption price expressed as a percentage of the principal amount thereof, which percentage is 101.188% and 100.00% beginning on October 15 of 2024 and 2025, respectively, plus accrued and unpaid interest thereon to, but not including, the redemption date. The Company completed a registered offer to exchange the $700 Million 4.75% Senior Notes for registered notes with substantially identical terms as the $700 Million 4.75% Senior Notes in July 2020. $600 Million 4.50% Senior Notes Due 2029 On February 17, 2021, the Operating Partnership and Finco completed the private placement of $600.0 million in aggregate principal amount of 4.50% senior notes due 2029 (the “$600 Million 4.50% Senior Notes”), which are guaranteed by the Company and its subsidiaries that guarantee the Credit Agreement. The $600 Million 4.50% Senior Notes and guarantees were issued pursuant to an indenture by and among the issuing subsidiaries, the guarantors and U.S. Bank National Association, as trustee. The $600 Million 4.50% Senior Notes have a maturity date of February 15, 2029 and bear interest at 4.50% per annum, payable semi-annually in cash in arrears on February 15 and August 15 each year. The $600 Million 4.50% 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 the Company’s $1 Billion 6.50% Senior Notes, the $700 Million 4.75% Senior Notes and the $400 Million 7.25% Senior Notes, and senior in right of payment to future subordinated indebtedness, if any. The $600 Million 4.50% 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 $600 Million 4.50% 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 $600 Million 4.50% Senior Notes. The $600 Million 4.50% Senior Notes are redeemable, in whole or in part, at a redemption price expressed as a percentage of the principal amount thereof, which percentage is 101.500%, 100.750%, and 100.000% beginning on February 15 of 2025, 2026, and 2027, respectively, plus accrued and unpaid interest thereon to, but not including, the redemption date. $400 Million 7.25% Senior Notes Due 2028 On June 22, 2023, the Operating Partnership and Finco (collectively, the “issuing subsidiaries”) completed the private placement of $400.0 million in aggregate principal amount of 7.25% senior notes due 2028 (the “$400 Million 7.25% Senior Notes”), which are guaranteed by the Company and its subsidiaries that guarantee the Credit Agreement. The $400 Million 7.25% Senior Notes and guarantees were issued pursuant to an indenture by and among the issuing subsidiaries, the guarantors and U.S. Bank Trust Company, National Association, as trustee. The $400 Million 7.25% Senior Notes have a maturity date of July 15, 2028 and bear interest at 7.25% per annum, payable semi-annually in cash in arrears on January 15 and July 15 each year. The $400 Million 7.25% 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 the Company’s $1 Billion 6.50% Senior Notes, the $700 Million 4.75% Senior Notes and $600 Million 4.50% Senior Notes, and senior in right of payment to future subordinated indebtedness, if any. The $400 Million 7.25% 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 7.25% 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 7.25% Senior Notes. The net proceeds from the issuance of the $400 Million 7.25% Senior Notes totaled approximately $393 million, after deducting the initial purchasers’ discounts, commissions and offering expenses. The Company used these proceeds to pay a portion of the purchase price for JW Marriott Hill Country discussed in Note 1. The $400 Million 7.25% Senior Notes are redeemable before July 15, 2025, in whole or in part, at 100.00% , plus accrued and unpaid interest thereon to, but not including, the redemption date, plus a make-whole premium. The $400 Million 7.25% Senior Notes will be redeemable, in whole or in part, at any time on or after July 15, 2025 at a redemption price expressed as a percentage of the principal amount thereof, which percentage is 103.625% , 101.813% , and 100.000% beginning on July 15 of 2025, 2026, and 2027, respectively, plus accrued and unpaid interest thereon to, but not including, the redemption date. Previous $800 Million Gaylord Rockies Term Loan In July 2019, Aurora Convention Center Hotel, LLC and Aurora Convention Center Hotel Lessee, LLC, the entities that comprise Gaylord Rockies, entered into a Second Amended and Restated Loan Agreement (the “Gaylord Rockies Loan”) with Wells Fargo Bank, National Association, as administrative agent. The Gaylord Rockies Loan consisted of an $800.0 million secured term loan facility, with a maturity date of July 2, 2024 with two, one-year extension options remaining, subject to certain requirements in the Gaylord Rockies Loan, and bore interest at Adjusted Daily Simple SOFR SOFR On March 28, 2024, the Company paid off the Gaylord Rockies Loan with the proceeds from the $1 Billion 6.50% Senior Notes and terminated the interest rate swap. ​ OEG Credit Agreement ​ On June 28, 2024, OEG Borrower, LLC (“OEG Borrower”) and OEG Finance, LLC (“OEG Finance”), each a wholly owned direct or indirect subsidiary of OEG, entered into a First Amendment, which amends the Credit Agreement dated as of June 16, 2022 among OEG Borrower, as borrower, OEG Finance, certain subsidiaries of OEG Borrower from time to time party thereto as guarantors, the lenders party thereto and JP Morgan Chase Bank, N.A., as administrative agent (the “Original OEG Credit Agreement”). As amended, the credit facility (the “Amended OEG Credit Agreement”) includes certain amended terms including lower interest rates, extended maturities and modifications to various covenants. ​ The Amended OEG Credit Agreement provides for (i) a senior secured term loan facility in the aggregate principal amount of $300.0 million (the “OEG Term Loan”) and (ii) a senior secured revolving credit facility in an aggregate principal amount not to exceed $80.0 million (the “OEG Revolver”). The OEG Term Loan refinances and replaces the former term loan in the outstanding principal amount of $294.8 million as of June 28, 2024 and the OEG Revolver replaces the former senior secured revolving credit facility in an aggregate principal amount not to exceed $65.0 million. ​ The OEG Term Loan and OEG Revolver are each secured by substantially all of the assets of OEG Finance and each of its wholly owned subsidiaries (other than Block 21-related subsidiaries, as more specifically described in the OEG Credit Agreement). The OEG Term Loan bears interest at a rate equal to either, at OEG Borrower’s election, as of the closing date contemplated by the Amended OEG Credit Agreement, (a) the Alternate Base Rate plus 2.50% or (b) Adjusted Term SOFR December 2025 SOFR ​ The OEG Term Loan matures on June 28, 2031, and the OEG Revolver matures on June 28, 2029. OEG used the proceeds from the OEG Term Loan to refinance the original term loan under the Original OEG Credit Agreement. ​ Block 21 CMBS Loan ​ At the closing of the purchase of Block 21 on May 31, 2022, a subsidiary of the Company assumed a $136 million, ten-year, non-recourse term loan secured by a mortgage on Block 21 (the “Block 21 CMBS Loan”). The Block 21 CMBS Loan has a fixed interest rate of 5.58% per annum, payable monthly, matures January 5, 2026, and payments are due monthly based on a 30-year ​ The Block 21 CMBS Loan contains customary financial covenants and other restrictions, including sponsor net worth and liquidity requirements, and debt service coverage ratio targets that Block 21 must meet in order to avoid a “Trigger Period,” the occurrence of which does not constitute a default. The disruption caused by a significant renovation of the rooms and public spaces at the W Austin negatively impacted the results of Block 21 and resulted in the Trigger Period being effective starting September 30, 2024. During the Trigger Period, cash in excess of operating expenses, debt service and certain reserves is deposited in a reserve account and held until Block 21 exits the Trigger Period by achieving a specified minimum debt service coverage ratio on a trailing twelve-month basis, at which time the reserved cash will be released to Block 21 and its owner. ​ Interest Rate Derivatives The Company has entered into or previously entered into interest rate swaps to manage interest rate risk associated with the previous Gaylord Rockies Loan and a portion of the OEG Term Loan. Each swap has been designated as a cash flow hedge whereby the Company receives variable-rate amounts in exchange for fixed-rate payments over the life of the agreement without exchange of the underlying principal amount. ​ In March 2024, as discussed above, the Company paid off the Gaylord Rockies Loan and subsequently terminated the associated interest rate swap. The Company received approximately $0.2 million from the counterparty to the swap, which has been recorded as a reduction in interest expense for 2024. ​ The estimated fair values of the Company’s derivative financial instruments at December 31 are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated Fair Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Asset (Liability) Balance ​ ​ ​ ​ Strike ​ ​ ​ ​ ​ Notional ​ December 31, ​ December 31, Hedged Debt ​ Type ​ Rate ​ Index ​ Maturity Date ​ Amount ​ 2024 ​ 2023 Gaylord Rockies Term Loan ​ Interest Rate Swap ​ 5.2105% ​ Daily SOFR ​ July 2, 2024 ​ $ 800,000 ​ $ - ​ $ (474) OEG Term Loan ​ Interest Rate Swap ​ 4.5330% ​ 3-month SOFR ​ December 18, 2025 ​ ​ 100,000 ​ ​ (386) ​ ​ (848) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ (386) ​ $ (1,322) ​ Derivative financial instruments in an asset position are included in prepaid expenses and other assets and those in a liability position are included in other liabilities in the accompanying consolidated balance sheets. ​ The effect of the Company’s derivative financial instruments on the accompanying consolidated statements of operations and comprehensive income for the years ended December 31 is as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount of Gain (Loss) ​ Location of Gain (Loss) Amount of Gain (Loss) ​ ​ Recognized in OCI ​ Reclassified from Reclassified from Accumulated ​ ​ on Derivatives ​ Accumulated OCI ​ OCI into Income (Expense) ​ ​ 2024 ​ 2023 into Income (Expense) 2024 ​ 2023 Derivatives in Cash Flow Hedging Relationships: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps ​ $ 1,940 ​ $ 670 ​ Interest expense ​ $ 1,003 ​ $ 12,177 Total derivatives ​ $ 1,940 ​ $ 670 ​ ​ ​ ​ ​ $ 1,003 ​ $ 12,177 ​ Reclassifications from accumulated other comprehensive loss for interest rate swaps are shown in the table above and included in interest expense. Total consolidated interest expense for 2024, 2023 and 2022 was $225.4 million, $211.4 million and $148.4 million, respectively. At December 31, 2024, the fair value of derivatives in a net liability position including accrued interest but excluding any adjustment for nonperformance risk related to these agreements was $0.4 million. As of December 31, 2024, the Company has not posted any collateral related to these agreements and was not in breach of any agreement provisions. If the Company had breached any of these provisions, it could have been required to settle its obligations under the agreements at the aggregate termination value of $0.4 million. In addition, the Company has an agreement with its derivative counterparty that contains a provision whereby the Company could be declared in default on its derivative obligations if repayment of the underlying indebtedness is accelerated by the lender due to the Company’s default on the indebtedness.

Deferred Management Rights Proc

Deferred Management Rights Proceeds	12 Months Ended
	Dec. 31, 2024
Deferred Management Rights Proceeds
Deferred Management Rights Proceeds	5. Deferred Management Rights Proceeds On October 1, 2012, the Company consummated its agreement to sell the Gaylord Hotels brand and rights to manage the Gaylord Hotels properties (the “Management Rights”) to 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 such property. The Company allocated $190.0 million of the purchase price to the Management Rights, based on the Company’s estimates of the fair values for the respective components. For financial reporting 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.

Leases

Leases	12 Months Ended
	Dec. 31, 2024
Leases
Leases	6. Leases The Company is a lessee of a 65.3 acre site in Osceola County, Florida on which Gaylord Palms is located; building or land leases for Ole Red Gatlinburg, Ole Red Orlando, Ole Red Tishomingo, Ole Red Nashville International Airport and Ole Red Las Vegas; and various warehouse, general office and other equipment leases. The Gaylord Palms land lease has a term through 2074, which may be extended through January 2101 five five The terms of the Gaylord Palms lease include variable lease payments based upon net revenues at Gaylord Palms and certain other of the Company’s leases include rental payments adjusted periodically for inflation. The Company recorded $3.6 million, $3.5 million and $3.0 million of contingent rental expense related to Gaylord Palms in 2024, 2023 and 2022, respectively. As the discount rate implicit in the Company’s operating leases is not readily determinable, the Company applies judgments related to the determination of the discount rates used to calculate the lease liability as required by Accounting Standards Codification Topic 842, “ Leases ​ The Company’s lease cost for the years ended December 31 is as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 ​ 2023 ​ 2022 Operating lease cost ​ ​ $ 19,264 ​ $ 18,346 ​ $ 15,694 Finance lease cost: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization of right-of-use assets ​ ​ ​ 189 ​ 163 ​ 122 Interest on lease liabilities ​ ​ ​ 2 ​ 25 ​ 33 Net lease cost ​ ​ $ 19,455 ​ $ 18,534 ​ $ 15,849 ​ Future minimum lease payments under non-cancelable leases at December 31, 2024 are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating Finance ​ ​ Leases ​ Leases Year 1 ​ $ 11,015 ​ $ 39 Year 2 ​ 10,962 ​ 18 Year 3 ​ 10,778 ​ — Year 4 ​ 10,227 ​ — Year 5 ​ 9,581 ​ — Years thereafter ​ 548,081 ​ — Total future minimum lease payments ​ 600,644 ​ 57 Less amount representing interest ​ (465,527) ​ ​ (2) Total present value of minimum payments ​ $ 135,117 ​ $ 55 ​ The remaining lease term and discount rate for the Company’s leases are as follows: ​ ​ ​ ​ Weighted-average remaining lease term: ​ ​ Operating leases 41.3 years Finance leases 1.5 years Weighted-average discount rate: ​ ​ Operating leases 7.0 % Finance leases 2.0 % ​

Stock Plans

Stock Plans	12 Months Ended
	Dec. 31, 2024
Stock Plans
Stock Plans	7. Stock Plans On May 9, 2024, the Company’s shareholders approved the Company’s 2024 Omnibus Incentive Plan (the “2024 Plan”). The 2024 Plan replaces the Company’s previous 2016 Omnibus Incentive Plan (the “2016 Plan”) and no new awards will be made under the 2016 Plan; however, awards granted under the 2016 Plan will continue to be governed by the 2016 Plan. The 2024 Plan permits the grant of stock options, stock appreciation rights, restricted stock, restricted stock units, performance awards and other share-based awards to its directors, employees and consultants. At December 31, 2024, approximately 1.8 million shares of common stock remained available for issuance pursuant to future grants of awards under the 2024 Plan. Restricted stock units granted to employees vest one ’ A summary of the status of the Company’s restricted stock units as of December 31, 2024 and changes during the year ended December 31, 2024, is presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ Average ​ ​ ​ ​ Grant-Date Restricted Stock Units Shares Fair Value Nonvested shares at January 1, 2024 601,855 ​ $ 77.59 Granted 171,959 ​ 113.10 Vested (297,490) ​ 76.18 Canceled (27,859) ​ 97.13 Nonvested shares at December 31, 2024 448,465 ​ 91.04 ​ The fair value of all restricted stock units that vested during 2024, 2023 and 2022 was $34.4 million, $14.9 million and $12.9 million, respectively. At December 31, 2024, there was $22.4 million of total unrecognized compensation cost related to restricted stock units granted under the Company’s equity incentive plans. That cost is expected to be recognized over a weighted-average period of 2.3 years. The compensation cost that has been charged against pre-tax income for all of the Company’s stock-based compensation plans was $13.9 million, $15.4 million, and $15.0 million for 2024, 2023, and 2022, respectively. The total income tax benefit recognized in the accompanying consolidated statements of operations for all of the Company’s stock-based employee compensation plans was $3.2 million, $3.5 million, and $3.5 million for 2024, 2023, and 2022, respectively. The actual tax benefit realized from exercise, vesting or cancellation of the stock-based employee compensation arrangements during 2024, 2023, and 2022 totaled $3.2 million, $0, and $0.5 million, respectively, and is reflected as an adjustment to (provision) benefit for income taxes in the accompanying consolidated statements of operations.

Pension Plans

Pension Plans	12 Months Ended
	Dec. 31, 2024
Pension Plans
Pension Plans	8. Pension Plans Prior to January 1, 2001, the Company maintained a noncontributory defined benefit pension plan in which substantially all of its employees were eligible to participate upon meeting the pension plan’s participation requirements. The benefits were based on years of service and compensation levels. On December 31, 2000, benefits credited under the plan’s previous formula were frozen. On January 1, 2001, the Company amended its defined benefit pension plan to determine future benefits using a cash balance formula. Under the cash formula, each participant had an account which was credited monthly with 3% of qualified earnings and the interest earned on their previous month-end cash balance. In addition, the Company included a “grandfather” clause which assures that those participating at January 1, 2001 will receive the greater of the benefit calculated under the cash balance plan and the benefit that would have been payable if the defined benefit plan had remained in existence. The benefit payable to a terminated vested participant upon retirement at age 65, or as early as age 55 if the participant had 15 years of service at the time the plan was frozen, is equal to the participant’s account balance, which increases with interest credits over time. At retirement, the employee generally receives the balance in the account as a lump sum. The funding policy of the Company is to contribute annually an amount which equals or exceeds the minimum required by applicable law. On December 31, 2001, the plan was frozen such that no new participants were allowed to enter the plan and existing participants were no longer eligible to earn service credits. As a result of increased lump-sum distributions from the retirement plan during 2024, 2023 and 2022, net settlement losses of $0.9 million, $1.3 million and $1.9 million were recognized in 2024, 2023 and 2022, respectively. These settlement losses have been classified as other gains and (losses), net in the accompanying consolidated statements of operations. The following table sets forth the funded status ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 CHANGE IN BENEFIT OBLIGATION: ​ ​ ​ ​ Benefit obligation at beginning of year ​ $ 57,778 ​ $ 60,922 Interest cost ​ 2,501 ​ 2,794 Actuarial gain ​ (2,445) ​ (188) Benefits paid ​ (5,486) ​ (5,750) Benefit obligation at end of year ​ 52,348 ​ 57,778 CHANGE IN PLAN ASSETS: ​ ​ Fair value of plan assets at beginning of year ​ 52,642 ​ 52,269 Actual return on plan assets ​ 3,801 ​ 6,123 Benefits paid ​ (5,486) ​ (5,750) Fair value of plan assets at end of year ​ 50,957 ​ 52,642 Funded status and accrued pension cost ​ $ (1,391) ​ $ (5,136) ​ Net periodic pension expense reflected in other gains and (losses), net in the accompanying consolidated statements of operations included the following components for the years ended December 31 (amounts in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 2022 Interest cost ​ $ 2,501 ​ $ 2,794 ​ $ 2,253 Expected return on plan assets ​ (3,000) ​ (2,904) ​ (3,701) Amortization of net actuarial loss ​ 465 ​ 681 ​ 667 Net settlement loss ​ ​ 858 ​ ​ 1,313 ​ ​ 1,894 Total net periodic pension expense ​ $ 824 ​ $ 1,884 ​ $ 1,113 ​ Assumptions The assumptions used to determine the benefit obligation at December 31 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 2022 Discount rate 5.28 % 4.66 % 4.85 % Rate of compensation increase N/A N/A N/A ​ ​ The weighted-average assumptions used to determine the net periodic pension expense for years ended December 31 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 2022 Discount rate 4.65 % 5.02 % 3.33 % Rate of compensation increase N/A N/A N/A ​ Expected long-term rate of return on plan assets 6.00 % 6.00 % 6.00 % ​ The rate of increase in future compensation levels was not applicable for any reported years due to the Company amending the plan to freeze the cash balance benefit as described above. The Company determines the overall expected long-term rate of return on plan assets based on its estimate of the return that plan assets will provide over the period that benefits are expected to be paid out. In preparing this estimate, the Company assesses the rates of return on each current allocation of plan assets and advice from its third-party actuary and investment consultants. The expected return on plan assets is a long-term assumption and generally does not significantly change annually. While historical returns are considered, the rate of return assumption is primarily based on projections of expected returns based on fair value, using economic data and financial models to estimate the probability of returns. The probability distribution of annualized returns for the portfolio using current asset allocations is used to determine the expected range of returns for a ten assumptions used are appropriate, differences in actual experience or changes in assumptions may affect the Company’s pension obligations and expense. Plan Assets The plan’s overall strategy is to achieve a rate of return necessary to fund benefit payments by utilizing a variety of asset types, investment strategies and investment managers. The plan seeks to achieve a long-term rate of return over inflation resulting from income, capital gains, or both, which assists the plan in meeting its long-term objectives. The long-term target allocations for the plan’s assets are managed dynamically according to a sliding scale correlating with the funded status of the plan. As the plan’s funded status increases, allocations are moved away from equity securities toward fixed income securities. Equity securities primarily include large cap and mid cap companies. Fixed income securities primarily include corporate bonds of companies in diversified industries, mortgage-backed securities and U.S. Treasuries. Investments in hedge funds and private equity funds are not held by the plan. The allocation of the defined benefit pension plan’s assets at December 31 is as follows (amounts in thousands): ​ ​ ​ ​ ​ ​ ​ Asset Class 2024 2023 Cash ​ $ 1,066 ​ $ 1,013 Mutual funds ​ 49,891 ​ 51,629 Total ​ $ 50,957 ​ $ 52,642 ​ All of the assets held by the plan consist of money market and mutual funds traded in an active market. The Company determined the fair value of these assets 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. Periodically, and based on market conditions, the entire account is rebalanced to maintain the desired allocation and the investment policy is reviewed. Within each asset class, plan assets are allocated to various investment styles. Professional managers manage all assets of the plan, and professional advisors assist the plan in the attainment of its objectives. Expected Contributions and Benefit Payments The Company does not expect ​ ​ ​ ​ 2025 $ 9,217 2026 ​ 4,864 2027 ​ 5,281 2028 ​ 5,634 2029 ​ 5,093 2030 - 2034 ​ 18,703 ​ Other Information The Company also maintains non-qualified pension plans provide not funded, accumulated The Company’s obligation related to its qualified and non-qualified pension plans of $11.6 million and $16.2 million at December 31, 2024 and 2023, respectively, is included in other liabilities in the accompanying consolidated balance sheets. The change in the deferred net loss related to the Company’s retirement plans during 2024, 2023 and 2022 resulted in an increase (decrease) in equity of $5.1 million, $5.3 million and $(0.6) million, respectively. Each of these adjustments to equity due to the change in the minimum liability is included in other comprehensive loss in the accompanying consolidated statements of equity (deficit) and noncontrolling interest. The combined net gain, amortization of net loss, and net settlement loss recognized in other comprehensive income (loss) for the years ended December 31, 2024, 2023 and 2022 was $5.1 million, $5.3 million and $(0.6) million, respectively, net of taxes of $1.2 million, $1.6 million and $0, respectively. Included in accumulated other comprehensive loss at December 31, 2024 and 2023 are unrecognized actuarial losses of $16.4 million and $21.5 million ($12.4 million and $16.3 million net of tax), respectively, that have not yet been recognized in net periodic pension expense. Net losses are amortized into net periodic pension expense based on the life expectancy of plan participants expected to receive benefits, using a corridor approach based on the greater of projected benefit obligation or fair value of plan assets.

Equity

Equity	12 Months Ended
	Dec. 31, 2024
Equity
Equity	9. Equity Equity Offering In June 2023, the Company completed an underwritten public offering of approximately 4.4 million shares of its common stock, par value $0.01 per share, at a price to the public of $93.25 per share. Net proceeds to the Company, after deducting underwriting discounts and commissions and other expenses paid by the Company, were approximately $395 million. The Company used the proceeds to pay a portion of the purchase price for JW Marriott Hill Country discussed in Note 1. Dividends During 2024, the Company’s board of directors declared quarterly dividends and distributions totaling $4.45 per share of common stock/OP Unit for the full year, or an aggregate of $268.3 million in cash. During 2023, the Company’s board of directors declared quarterly dividends and distributions totaling $3.85 per share of common stock/OP Unit for the full year, or an aggregate of $228.1 million in cash. During 2022, the Company’s board of directors declared total 2022 dividends and distributions in the amount of $0.35 per share of common stock/OP Unit, or an aggregate of $19.4 million in cash. To maintain its qualification as a REIT for federal income tax purposes, the Company must distribute at least 90% of its REIT taxable income each year. The Company’s dividend policy provides that the Company will make minimum dividends of 100% of REIT taxable income annually, subject to the Company’s board of directors’ future determinations as to the amount of any distributions and the timing thereof. The dividend policy may be altered at any time by the Company’s board of directors. Treasury Stock On December 18, 2008, following approval by the Human Resources Committee and the Board of Directors, the Company and the Company’s Chairman of the Board of Directors and then-Chief Executive Officer (“Executive”) entered into an amendment to Executive’s employment agreement. The amendment provided Executive with the option of making an irrevocable election to invest his existing Supplemental Employee Retirement Plan (“SERP”) benefit in Company common stock, which election Executive subsequently made. The investment was made by a rabbi trust in which, during January 2009, the independent trustee of the rabbi trust purchased shares of Company common stock in the open market in compliance with applicable law. Executive is only entitled to a distribution of the Company common stock held by the rabbi trust in satisfaction of his SERP benefit. As such, the Company believes that the ownership of shares of common stock by the rabbi trust and the distribution of those shares to Executive in satisfaction of his SERP benefit meets the requirements necessary so that the Company will not recognize any increase or decrease in expense as a result of subsequent changes in the value of the Company common stock, and the purchased shares are treated as treasury stock and the SERP benefit is included in additional paid-in capital in the Company’s accompanying consolidated financial statements. The increase in treasury stock for a particular year represents dividends received on shares of Company common stock held by the rabbi trust. Accumulated Other Comprehensive Loss Changes in accumulated other comprehensive loss by component consisted of the following (amounts in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other-Than- ​ ​ ​ ​ ​ Minimum ​ Temporary ​ ​ ​ ​ ​ ​ ​ Pension ​ Impairment of ​ Interest Rate ​ ​ ​ ​ ​ Liability ​ Investment ​ Derivatives ​ Total Balance, December 31, 2021 ​ $ (16,419) ​ $ (3,298) ​ $ (9,363) ​ $ (29,080) Gains (losses) arising during period ​ (1,428) ​ — ​ 16,007 ​ 14,579 Amounts reclassified from accumulated other comprehensive loss ​ (174) ​ 211 ​ 3,541 ​ 3,578 Net other comprehensive income (loss) ​ (1,602) ​ 211 ​ 19,548 ​ 18,157 Balance, December 31, 2022 ​ $ (18,021) ​ $ (3,087) ​ $ 10,185 ​ $ (10,923) Gains arising during period ​ 4,428 ​ — ​ 670 ​ 5,098 Amounts reclassified from accumulated other comprehensive loss ​ (308) ​ 209 ​ (12,177) ​ (12,276) Income tax expense ​ (1,286) ​ — ​ — ​ (1,286) Net other comprehensive income (loss) ​ 2,834 ​ 209 ​ (11,507) ​ (8,464) Balance, December 31, 2023 ​ $ (15,187) ​ $ (2,878) ​ $ (1,322) ​ $ (19,387) Gains arising during period ​ 4,538 ​ — ​ 1,940 ​ 6,478 Amounts reclassified from accumulated other comprehensive loss ​ (553) ​ ​ 211 ​ ​ (1,003) ​ (1,345) Income tax expense ​ (918) ​ — ​ — ​ (918) Net other comprehensive income ​ 3,067 ​ 211 ​ 937 ​ 4,215 Balance, December 31, 2024 ​ $ (12,120) ​ $ (2,667) ​ $ (385) ​ $ (15,172) ​

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2024
Income Taxes
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, the Company generally 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 pays federal and state corporate income taxes on earnings of its taxable REIT subsidiaries (“TRSs”). The income tax (provision) benefit for continuing operations consists of the following (amounts in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 2022 CURRENT: ​ ​ ​ Federal ​ $ (359) ​ $ 797 ​ $ (21,936) State ​ (3,281) ​ (2,920) ​ (8,595) Total current provision ​ (3,640) ​ (2,123) ​ (30,531) DEFERRED: ​ ​ ​ Federal ​ (9,233) ​ 79,710 ​ (9,115) State ​ (963) ​ 16,115 ​ 871 Total deferred (provision) benefit ​ (10,196) ​ 95,825 ​ (8,244) Total (provision) benefit for income taxes ​ $ (13,836) ​ $ 93,702 ​ $ (38,775) ​ The Company evaluates its deferred tax assets each reporting period to determine if it is more likely than not that those assets will be realized or if a valuation allowance is needed. In the fourth quarter of 2023, due to continued improvement in the Company’s financial results coming out of the COVID-19 pandemic and the projected future taxable income of its TRSs, the Company determined that the release of a significant portion of its federal and state valuation allowance was appropriate. This release of valuation allowance of $112.5 million was the primary factor in the income tax benefit for 2023. The Company is required to distribute at least 90% of its annual taxable income, excluding net capital gains, to its stockholders in order to maintain its qualification as a REIT. The taxability of distributions to stockholders is determined by the Company’s earnings and profits, which differs from net income reported for financial reporting purposes. The estimated taxability of cash distributions to common stockholders is shown in the table below (per common share) (unaudited): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 2022 Ordinary income ​ $ 4.28 ​ $ 3.75 ​ $ 0.28 Capital gains ​ 0.07 ​ 0.10 ​ 0.07 Return of capital ​ — ​ — ​ — ​ ​ $ 4.35 ​ $ 3.85 ​ $ 0.35 ​ The differences between the income tax provision calculated at the statutory U.S. federal income tax rate of 21% and the actual income tax (provision) benefit recorded for continuing operations are as follows (amounts in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 2022 Statutory federal income tax provision ​ $ (61,746) ​ $ (52,101) ​ $ (36,482) Adjustment for nontaxable income of the REIT ​ 49,043 ​ 44,968 ​ 3,565 State tax provision (net of federal taxes) ​ (4,215) ​ (11,934) ​ (13,597) Permanent share-based compensation adjustment ​ 2,723 ​ 34 ​ 440 Other permanent items ​ (594) ​ (531) ​ (365) Change in federal valuation allowance ​ — ​ 87,330 ​ 1,914 Change in state valuation allowance (net of federal taxes) ​ (29) ​ 25,128 ​ 5,873 Other ​ 982 ​ 808 ​ (123) ​ ​ $ (13,836) ​ $ 93,702 ​ $ (38,775) ​ Significant components of the Company’s deferred tax assets and liabilities at December 31 are as follows (amounts in thousands): ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 DEFERRED TAX ASSETS: ​ ​ Accounting reserves and accruals ​ $ 21,023 ​ $ 22,340 Pension plans ​ 3,091 ​ 4,249 Deferred management rights proceeds ​ 39,763 ​ 40,280 Federal and State net operating loss carryforwards ​ 125,692 ​ 102,032 Tax credits and other carryforwards ​ 17,181 ​ 8,881 Other assets ​ 3,993 ​ 6,205 Total deferred tax assets ​ 210,743 ​ 183,987 Valuation allowance ​ (5,595) ​ (5,557) Total deferred tax assets, net of valuation allowance ​ 205,148 ​ 178,430 DEFERRED TAX LIABILITIES: ​ ​ Property and equipment, net ​ 125,025 ​ 90,792 Other liabilities ​ 9,612 ​ 6,014 Total deferred tax liabilities ​ 134,637 ​ 96,806 Net deferred tax assets ​ $ 70,511 ​ $ 81,624 ​ TRS federal net operating loss carryforwards at December 31, 2024 totaled $488.7 million, resulting in a deferred tax asset of $102.6 million, and do not expire. The REIT has no federal net operating losses as of December 31, 2024. The TRS federal interest limitation carryforward at December 31, 2024 totaled $70.0 million, resulting in a deferred tax asset of $14.7 million that does not expire. The use of certain federal net operating losses, credits and other deferred tax assets is limited to the Company’s future taxable earnings. As a result, a valuation allowance was provided for certain federal deferred tax assets in 2022 and was fully released in 2023. The valuation allowance related to federal deferred tax assets increased (decreased) $0, $(87.3) million and $(1.6) million in 2024, 2023 and 2022, respectively. State net operating loss carryforwards at December 31, 2024 totaled $612.1 million, resulting in a deferred tax benefit of $23.1 million, which will expire between 2025 2044 The Company has concluded IRS examinations of the TRS through the 2015 tax year. For federal income tax purposes and substantially all the states with which the Company has nexus, the statute of limitations has expired through 2020. However, the Company has federal and state net operating loss carryforwards from closed years, which could be adjusted upon audit. The Company is routinely subject to other various jurisdictional income tax audits; however, there were no outstanding state or local audits at December 31, 2024. In addition, the Company has evaluated the effects of the Inflation Reduction Act signed into law in 2022 and believes that it has no material effect on the Company’s financial statements. At December 31, 2024 and 2023, the Company had no accruals for unrecognized tax benefits. The Company recognizes interest and penalties related to uncertain tax positions, if any, in income tax expense. At December 31, 2024 2023

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2024
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	11. Commitments and Contingencies On April 9, 2024, the Company received service of process in a lawsuit naming the Company and a subsidiary as co-defendants with Marriott, as the manager, and multiple contractors in a personal injury lawsuit filed by the individual plaintiffs in Colorado state court. The lawsuit relates to a May 2023 incident at the Gaylord Rockies indoor pool amenity involving the collapse of HVAC equipment. The complaint requests an unspecified amount of damages related to alleged injuries to two guests. The Company intends to vigorously defend the lawsuit and believes it has strong defenses. The lawsuit is in its early stages so the Company cannot predict its likely outcome or estimate the range of possible loss, but the Company does not believe that the outcome will have a material impact on the Company’s financial position. The Company entered into a tax protection agreement in connection with the December 31, 2018 purchase of additional interests in the Gaylord Rockies joint venture, which will generally require the Company to, among other things, indemnify certain minority partners that were members of the Gaylord Rockies joint venture for 50% of any income taxes incurred by them as a result of a direct or indirect sale or other disposition of the Gaylord Rockies joint venture within seven years of closing, and for 100% of any income taxes incurred by them as a result of the failure to comply with certain obligations related to nonrecourse liability allocations and debt guarantee opportunities for the purpose of protecting such parties’ tax bases. In connection with the purchase of Block 21, the Company provided limited guarantees to the Block 21 lenders under the Block 21 CMBS Loan via a guaranty agreement, a guaranty of completion agreement and an environmental indemnity. As of January 1, 2022, the Company is self-insured for certain losses related to employee medical benefits. The Company has purchased stop-loss coverage in order to limit its exposure to any significant levels of claims relating to workers’ compensation and employee medical benefits 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 after a change of control. The Company, in the ordinary course of business, is involved in certain legal actions and claims on a variety of other matters. It is the opinion of management that such legal actions will not have a material effect on the financial statements of the Company.

Fair Value Measurements

Fair Value Measurements	12 Months Ended
	Dec. 31, 2024
Fair Value Measurements
Fair Value Measurements	12. 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. The investments held by the Company in connection with its deferred compensation plan consist of money market and mutual funds traded in an active market. The Company determined the fair value of these assets 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. The Company’s interest rate swaps consist of over-the-counter swap contracts, which are not traded on a public exchange. The Company determines the fair value of these swap contracts based on a widely accepted valuation methodology of netting the discounted future fixed cash flows and the discounted expected variable cash flows, using interest rates derived from observable market interest rate curves and volatilities, with appropriate adjustments for any significant impact of non-performance risk of the parties to the swap contracts. Therefore, these swap contracts have been classified as Level 2. The Company has consistently applied these valuation techniques in all periods presented and believes it has obtained the most accurate information available for the types of instruments it holds. The Company’s assets and liabilities that are required to be measured at fair value on a recurring basis at December 31, were as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Markets for Observable Unobservable ​ ​ December 31, ​ Identical Assets ​ Inputs ​ Inputs ​ ​ 2024 ​ (Level 1) ​ (Level 2) ​ (Level 3) Deferred compensation plan investments ​ $ 37,440 ​ $ 37,440 ​ $ — ​ $ — Total assets measured at fair value ​ $ 37,440 ​ $ 37,440 ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Variable to fixed interest rate swaps ​ $ 386 ​ $ — ​ $ 386 ​ $ — Total liabilities measured at fair value ​ $ 386 ​ $ — ​ $ 386 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Markets for Observable Unobservable ​ ​ December 31, ​ Identical Assets ​ Inputs ​ Inputs ​ ​ 2023 ​ (Level 1) ​ (Level 2) ​ (Level 3) Deferred compensation plan investments ​ $ 33,073 ​ $ 33,073 ​ $ — ​ $ — Total assets measured at fair value ​ $ 33,073 ​ $ 33,073 ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Variable to fixed interest rate swaps ​ $ 1,322 ​ $ — ​ $ 1,322 ​ $ — Total liabilities measured at fair value ​ $ 1,322 ​ $ — ​ $ 1,322 ​ $ — ​ The remainder of the assets and liabilities held by the Company at December 31, 2024 are not required to be recorded at fair value, and financial assets and liabilities approximate fair value. See the “JW Marriott Hill Country Transaction” and the “Block 21 Transaction” sections of Note 1 for additional disclosures related to the fair value measurements used in accounting for the purchase of JW Marriott Hill Country and Block 21.

Financial Reporting By Business

Financial Reporting By Business Segments	12 Months Ended
	Dec. 31, 2024
Financial Reporting By Business Segments
Financial Reporting by Business Segments	13. Financial Reporting By Business Segments The Company’s operations are organized into the following principal business segments: ● Hospitality , which includes the Gaylord Hotels properties, JW Marriott Hill Country (effective June 30, 2023), the Inn at Opryland and the AC Hotel; ● Entertainment , which includes the OEG business, specifically, the Grand Ole Opry, the Ryman Auditorium, WSM-AM, Ole Red, Category 10, Block 21, and the Company’s previous investment in Circle; and ● Corporate and Other , which includes operating and general and administrative expenses related to the overall management of the Company which are not allocated to the other reportable segments. The Company’s chief operating decision maker (“CODM”) is comprised of the Company’s chief executive officer and the Company’s chief financial officer. The CODM uses segment operating income (loss) to evaluate the performance of each segment and to allocate resources. ​ ​ The accounting policies for each segment are the same as those described in Note 1, “Description of the Business and Summary of Significant Accounting Policies.” The Company does not have intersegment sales or transfers. The following information (amounts in thousands) is derived directly from the segments’ internal financial reports used by the CODM and for corporate management purposes. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Year Ended December 31, 2024 ​ ​ Hospitality ​ Entertainment ​ Corporate and Other ​ Total Revenues ​ $ 1,997,050 ​ $ 342,176 ​ $ — ​ $ 2,339,226 Expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Rooms ​ ​ 179,358 ​ ​ ​ ​ ​ ​ ​ ​ 179,358 Food and beverage ​ ​ 516,309 ​ ​ ​ ​ ​ ​ ​ ​ 516,309 Other hotel expenses ​ ​ 555,554 ​ ​ ​ ​ ​ ​ ​ ​ 555,554 Management fees ​ ​ 73,531 ​ ​ ​ ​ ​ ​ ​ ​ 73,531 Employment costs ​ ​ ​ ​ ​ 102,653 ​ ​ ​ ​ ​ 102,653 Cost of goods sold ​ ​ ​ ​ ​ 46,112 ​ ​ ​ ​ ​ 46,112 Contract services ​ ​ ​ ​ ​ 39,736 ​ ​ ​ ​ ​ 39,736 Non-income taxes and insurance ​ ​ ​ ​ ​ 11,973 ​ ​ ​ ​ ​ 11,973 Preopening costs ​ ​ ​ ​ ​ 4,618 ​ ​ ​ ​ ​ 4,618 Other segment expenses (1) ​ ​ ​ ​ ​ 41,373 ​ ​ 41,819 ​ ​ 83,192 Gain on sale of assets ​ ​ ​ ​ ​ ​ ​ ​ (270) ​ ​ (270) Depreciation and amortization ​ ​ 205,189 ​ ​ 29,519 ​ ​ 918 ​ ​ 235,626 Operating income (loss) ​ $ 467,109 ​ $ 66,192 ​ $ (42,467) ​ $ 490,834 Interest expense ​ ​ (14,611) ​ ​ (38,283) ​ ​ (172,501) ​ ​ (225,395) Interest income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 27,977 Loss on extinguishment of debt ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (2,479) Income from unconsolidated joint ventures (2) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 275 Other gains and (losses), net ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2,814 Income before income taxes ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 294,026 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Year Ended December 31, 2023 ​ ​ Hospitality ​ Entertainment ​ Corporate and Other ​ Total Revenues ​ $ 1,833,478 ​ $ 324,658 ​ $ — ​ $ 2,158,136 Expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Rooms ​ ​ 173,749 ​ ​ ​ ​ ​ ​ ​ ​ 173,749 Food and beverage ​ ​ 465,963 ​ ​ ​ ​ ​ ​ ​ ​ 465,963 Other hotel expenses ​ ​ 519,328 ​ ​ ​ ​ ​ ​ ​ ​ 519,328 Management fees ​ ​ 66,425 ​ ​ ​ ​ ​ ​ ​ ​ 66,425 Employment costs ​ ​ ​ ​ ​ 91,317 ​ ​ ​ ​ ​ 91,317 Cost of goods sold ​ ​ ​ ​ ​ 43,544 ​ ​ ​ ​ ​ 43,544 Contract services ​ ​ ​ ​ ​ 32,925 ​ ​ ​ ​ ​ 32,925 Non-income taxes and insurance ​ ​ ​ ​ ​ 17,645 ​ ​ ​ ​ ​ 17,645 Preopening costs ​ ​ ​ ​ ​ 1,308 ​ ​ ​ ​ ​ 1,308 Other segment expenses (1) ​ ​ ​ ​ ​ 38,232 ​ ​ 42,789 ​ ​ 81,021 Depreciation and amortization ​ ​ 186,749 ​ ​ 23,611 ​ ​ 867 ​ ​ 211,227 Operating income (loss) ​ $ 421,264 ​ $ 76,076 ​ $ (43,656) ​ $ 453,684 Interest expense ​ ​ (55,865) ​ ​ (40,988) ​ ​ (114,517) ​ ​ (211,370) Interest income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 21,423 Loss on extinguishment of debt ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (2,252) Loss from unconsolidated joint ventures (2) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (17,308) Other gains and (losses), net ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 3,921 Income before income taxes ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 248,098 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Year Ended December 31, 2022 ​ ​ Hospitality ​ Entertainment ​ Corporate and Other ​ Total Revenues ​ $ 1,537,974 ​ $ 267,995 ​ $ — ​ $ 1,805,969 Expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Rooms ​ ​ 155,817 ​ ​ ​ ​ ​ ​ ​ ​ 155,817 Food and beverage ​ ​ 381,142 ​ ​ ​ ​ ​ ​ ​ ​ 381,142 Other hotel expenses ​ ​ 457,291 ​ ​ ​ ​ ​ ​ ​ ​ 457,291 Management fees ​ ​ 43,425 ​ ​ ​ ​ ​ ​ ​ ​ 43,425 Employment costs ​ ​ ​ ​ ​ 75,916 ​ ​ ​ ​ ​ 75,916 Cost of goods sold ​ ​ ​ ​ ​ 39,653 ​ ​ ​ ​ ​ 39,653 Contract services ​ ​ ​ ​ ​ 27,523 ​ ​ ​ ​ ​ 27,523 Non-income taxes and insurance ​ ​ ​ ​ ​ 13,901 ​ ​ ​ ​ ​ 13,901 Preopening costs ​ ​ ​ ​ ​ 532 ​ ​ ​ ​ ​ 532 Other segment expenses (1) ​ ​ ​ ​ ​ 31,552 ​ ​ 42,982 ​ ​ 74,534 Loss on sale of assets ​ ​ ​ ​ ​ ​ ​ ​ 469 ​ ​ 469 Depreciation and amortization ​ ​ 189,375 ​ ​ 18,420 ​ ​ 821 ​ ​ 208,616 Operating income (loss) ​ $ 310,924 ​ $ 60,498 ​ $ (44,272) ​ $ 327,150 Interest expense ​ ​ (41,863) ​ ​ (19,993) ​ ​ (86,550) ​ ​ (148,406) Interest income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5,750 Loss on extinguishment of debt ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1,547) Loss from unconsolidated joint ventures (2) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (10,967) Other gains and (losses), net ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1,743 Income before income taxes ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 173,723 (1) Other segment expense include: Entertainment segment – advertising, utilities, maintenance and certain overhead expenses Corporate and Other – information technology, human resources, accounting, equity-based compensation and other administrative expenses (2) Income (loss) from unconsolidated joint ventures relates to the Entertainment segment. ​ ​ ​ ​ ​ ​ ​ ​ December 31, December 31, ​ ​ 2024 ​ 2023 Total assets: ​ ​ Hospitality ​ $ 4,081,754 ​ $ 4,039,804 Entertainment ​ 653,969 ​ 610,663 Corporate and Other ​ 481,850 ​ 538,070 Total assets ​ $ 5,217,573 ​ $ 5,188,537 ​ The following table represents the capital expenditures by segment for the years ended December 31 (amounts in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 2022 Hospitality ​ $ 300,867 ​ $ 145,805 ​ $ 70,406 Entertainment ​ 106,828 ​ 60,428 ​ 18,767 Corporate and Other ​ 210 ​ 543 ​ 347 Total capital expenditures ​ $ 407,905 ​ $ 206,776 ​ $ 89,520 ​

SCHEDULE II VALUATION AND QUALI

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS	12 Months Ended
	Dec. 31, 2024
SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS
SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS	​ ​ RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Description Balance at Beginning of Year Additions Charged to Expenses/Other Accounts Net (Deductions) Recoveries Balance at End of Year Credit loss reserve on notes receivable: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Year ended December 31, 2024 ​ $ 37,962 ​ $ - ​ $ - ​ $ 37,962 Year ended December 31, 2023 ​ $ 37,962 ​ $ - ​ $ - ​ $ 37,962 Year ended December 31, 2022 ​ $ 37,962 ​ $ - ​ $ - ​ $ 37,962 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Valuation allowance for deferred tax assets: ​ ​ ​ ​ ​ Year ended December 31, 2024 ​ $ 5,557 ​ $ 38 ​ $ - ​ $ 5,595 Year ended December 31, 2023 $ 118,015 ​ $ - ​ $ (112,458) ​ $ 5,557 Year ended December 31, 2022 $ 125,387 $ - ​ $ (7,372) ​ $ 118,015 ​ ​

SCHEDULE III REAL ESTATE AND AC

SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION	12 Months Ended
	Dec. 31, 2024
SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION
SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION	RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Costs ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Initial Cost to Company ​ Capitalized ​ Gross Amount at End of Year ​ ​ ​ ​ Date Acq/ ​ Depr Life ​ Encmbr Land Bldgs & Impr Subs to Acq Land Bldgs & Impr Total (2) Acc Depr Constr (yrs) Gaylord Opryland (1) $ 11,482 $ 77,125 $ 721,754 $ 74,512 $ 735,849 $ 810,361 $ 475,153 1983 20 - 40 Gaylord Palms — ​ 21,564 ​ 314,661 ​ 263,786 ​ 41,202 ​ 558,809 ​ 600,011 ​ 243,833 2002 20 - 40 Gaylord Texan (1) ​ 21,235 ​ 388,030 ​ 195,621 ​ 50,533 ​ 554,353 ​ 604,886 ​ 264,875 2004 20 - 40 Gaylord National — ​ 43,212 ​ 840,261 ​ 70,804 ​ 47,893 ​ 906,384 ​ 954,277 ​ 368,831 2008 20 - 40 Gaylord Rockies ​ — ​ ​ 53,374 ​ ​ 760,898 ​ ​ 96,006 ​ ​ 70,225 ​ ​ 840,053 ​ ​ 910,278 ​ ​ 142,110 ​ 2018 ​ 20 - 40 JW Marriott Hill Country ​ — ​ ​ 139,196 ​ ​ 558,584 ​ ​ 18,422 ​ ​ 151,729 ​ ​ 564,473 ​ ​ 716,202 ​ ​ 24,549 ​ 2023 ​ 20 - 40 Inn at Opryland — ​ 2,675 ​ 7,248 ​ 30,158 ​ 3,359 ​ 36,722 ​ 40,081 ​ 14,572 1998 20 - 40 AC Hotel — ​ 9,079 ​ 17,340 ​ 4,426 ​ 9,101 ​ 21,744 ​ 30,845 ​ 5,306 2014 20 - 40 Miscellaneous — ​ 43,337 ​ 6,717 ​ 8,587 ​ 53,436 ​ 5,205 ​ 58,641 ​ 14,943 N/A 20 - 40 ​ — ​ $ 345,154 ​ $ 2,970,864 ​ $ 1,409,564 ​ $ 501,990 ​ $ 4,223,592 ​ $ 4,725,582 ​ $ 1,554,172 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 2022 Investment in real estate: ​ ​ ​ Balance at beginning of year ​ $ 4,570,055 ​ $ 3,810,923 ​ $ 3,792,011 Other acquisitions ​ — ​ 697,780 ​ — Improvements ​ 156,267 ​ 61,440 ​ 23,034 Disposals ​ (740) ​ (88) ​ (4,122) Balance at end of year ​ $ 4,725,582 ​ $ 4,570,055 ​ $ 3,810,923 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Accumulated depreciation: ​ ​ ​ Balance at beginning of year ​ $ 1,436,672 ​ $ 1,327,833 ​ $ 1,229,727 Depreciation ​ 117,674 ​ 108,846 ​ 99,533 Disposals ​ (174) ​ (7) ​ (1,427) Balance at end of year ​ $ 1,554,172 ​ $ 1,436,672 ​ $ 1,327,833 (1) Includes equity pledges under the Company’s credit facility. At December 31, 2024, $297.1 million in borrowings and letters of credit were outstanding under such facility. (2) The aggregate cost of these assets for federal income tax purposes (unaudited) is approximately $3.5 billion at December 31, 2024.

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Insider Trading Policies and Pr

Insider Trading Policies and Procedures	12 Months Ended
	Dec. 31, 2024
Insider Trading Policies and Procedures [Line Items]
Insider Trading Policies and Procedures Adopted	true

Cybersecurity Risk Management a

Cybersecurity Risk Management and Strategy Disclosure	12 Months Ended
	Dec. 31, 2024
Cybersecurity Risk Management, Strategy, and Governance [Line Items]
Cybersecurity Risk Management Processes for Assessing, Identifying, and Managing Threats [Text Block]	We have strategically integrated cybersecurity risk management into our broader enterprise risk management function to promote a company-wide culture of cybersecurity risk management. Our board of directors has general oversight responsibility for our enterprise risk management function, which includes specific areas of focus including competitive, economic, operational, financial (accounting, credit, liquidity and tax), legal, compliance, information technology security programs (including cybersecurity), ESG/corporate social responsibility, political and reputational risks. Our board of directors has delegated oversight of certain of these areas to the committees of our board of directors, including delegating the oversight of our information technology security programs (including cybersecurity) to the risk committee of our board of directors (the “Risk Committee”). We believe this division of risk management-related roles to the committees of our board of directors fosters an atmosphere of significant involvement in the oversight of risk at the board level and complements our risk management policies. The oversight responsibility of our board of directors is facilitated by a management report process that is designed to provide both visibility and transparency to our board of directors about the identification, assessment and management of critical risks and management’s risk mitigation strategies. Our risk management team, which includes members of senior management, including our Chief Financial Officer (“CFO”), Chief Information Officer (“CIO”) and General Counsel, as well as external consultants, works closely with our information technology department (“IT Department”) to continuously evaluate and address cybersecurity risks relevant to our business and operations. In addition, we have set company-wide policies and procedures that directly or indirectly relate to cybersecurity matters, such as policies related to encryption standards, antivirus protection, access removal, multifactor authentication, confidential information or use of the internet, social media, email and wireless devices. These policies go through an annual internal management review and approval process. Our IT Department management team meets monthly to assess and review cybersecurity status, which includes dashboard reviews, operational risks and company compliance. Annually, our internal audit group and third-party consultants meet with our IT Department to perform risk assessment walkthrough meetings, discuss potential enhancements, materiality of risks and alignment with the Center for Internet Security Critical Security Controls framework. In addition, we engage third-party consultants to perform annual red team exercises and external penetration tests. We promote a culture of cybersecurity compliance throughout our organization, including required monthly cybersecurity training for all employees with company accounts and annual training for service-related employees on cybersecurity related topics, including social engineering (e.g., phishing, vishing and smishing), ransomware, denial of service or information, and other security breach tactics. We conduct quarterly ERM discussions where top risk owners discuss how risks have changed and how such risks are being addressed with approaches designed to mitigate such risks. In addition to assessing our own cybersecurity preparedness and as part of our overall cybersecurity risk management framework, we also consider and evaluate cybersecurity risks associated with our use of third-party service providers. We perform a formal System and Organization Controls (“SOC”) review process annually on our financially significant third-party service providers, which includes our internal assessment of complementary user entity controls. All other material third-party service providers undergo assessment as a contract is entered into or renewed to ensure cybersecurity alignment. Our internal audit group meets regularly with management team members of Marriott, our third-party hotel manager, to assess security applications compliance. We also regularly meet with management team members of Marriott to understand system upgrades, changes and associated risks with third-party managed applications. In addition, we generally require our third-party service providers to promptly notify us of any actual or suspected breach impacting our data or operations. In assessing cybersecurity threats, our IT Department has established controls and procedures for responding to cybersecurity incidents, including a process to evaluate the significance of a cybersecurity incident. Members of senior management, including our General Counsel and CFO, are tasked with performing a materiality assessment in the event of a cybersecurity incident, which includes the consideration of relevant quantitative and qualitative factors, as well as SEC guidance. Based on the results of this evaluation, further escalation of the cybersecurity event may occur, which may include our CEO, our board of directors and/or law enforcement. In addition, members of senior management will determine, based on the assessment described above, whether the cybersecurity incident requires disclosure with the SEC. We currently maintain a cybersecurity insurance policy that provides coverage for security incidents and periodically meet with our insurer to discuss emerging trends in cybersecurity. We do not believe that any risks we have identified to date from cybersecurity threats, including as a result of any previous cybersecurity incidents, have materially affected or are reasonably likely to materially affect us, including our business strategy, results of operations or financial condition. However, notwithstanding the programs, policies and procedures described above, there can be no assurance that we or businesses with which we interact will not experience a cybersecurity incident that materially affects us in the future. For more information about the cybersecurity risks we face, see the risk factor entitled “Cybersecurity incidents, including the failure to protect the integrity or availability of IT systems or the security of confidential information, or the introduction of malware or ransomware, could harm our business.” in Item 1A. Risk Factors of Part I of this Annual Report on Form 10-K.
Cybersecurity Risk Management Processes Integrated [Flag]	true
Cybersecurity Risk Management Processes Integrated [Text Block]	We have strategically integrated cybersecurity risk management into our broader enterprise risk management function to promote a company-wide culture of cybersecurity risk management. Our board of directors has general oversight responsibility for our enterprise risk management function, which includes specific areas of focus including competitive, economic, operational, financial (accounting, credit, liquidity and tax), legal, compliance, information technology security programs (including cybersecurity), ESG/corporate social responsibility, political and reputational risks. Our board of directors has delegated oversight of certain of these areas to the committees of our board of directors, including delegating the oversight of our information technology security programs (including cybersecurity) to the risk committee of our board of directors (the “Risk Committee”). We believe this division of risk management-related roles to the committees of our board of directors fosters an atmosphere of significant involvement in the oversight of risk at the board level and complements our risk management policies. The oversight responsibility of our board of directors is facilitated by a management report process that is designed to provide both visibility and transparency to our board of directors about the identification, assessment and management of critical risks and management’s risk mitigation strategies. Our risk management team, which includes members of senior management, including our Chief Financial Officer (“CFO”), Chief Information Officer (“CIO”) and General Counsel, as well as external consultants, works closely with our information technology department (“IT Department”) to continuously evaluate and address cybersecurity risks relevant to our business and operations. In addition, we have set company-wide policies and procedures that directly or indirectly relate to cybersecurity matters, such as policies related to encryption standards, antivirus protection, access removal, multifactor authentication, confidential information or use of the internet, social media, email and wireless devices. These policies go through an annual internal management review and approval process. Our IT Department management team meets monthly to assess and review cybersecurity status, which includes dashboard reviews, operational risks and company compliance. Annually, our internal audit group and third-party consultants meet with our IT Department to perform risk assessment walkthrough meetings, discuss potential enhancements, materiality of risks and alignment with the Center for Internet Security Critical Security Controls framework. In addition, we engage third-party consultants to perform annual red team exercises and external penetration tests. We promote a culture of cybersecurity compliance throughout our organization, including required monthly cybersecurity training for all employees with company accounts and annual training for service-related employees on cybersecurity related topics, including social engineering (e.g., phishing, vishing and smishing), ransomware, denial of service or information, and other security breach tactics. We conduct quarterly ERM discussions where top risk owners discuss how risks have changed and how such risks are being addressed with approaches designed to mitigate such risks. In addition to assessing our own cybersecurity preparedness and as part of our overall cybersecurity risk management framework, we also consider and evaluate cybersecurity risks associated with our use of third-party service providers. We perform a formal System and Organization Controls (“SOC”) review process annually on our financially significant third-party service providers, which includes our internal assessment of complementary user entity controls. All other material third-party service providers undergo assessment as a contract is entered into or renewed to ensure cybersecurity alignment. Our internal audit group meets regularly with management team members of Marriott, our third-party hotel manager, to assess security applications compliance. We also regularly meet with management team members of Marriott to understand system upgrades, changes and associated risks with third-party managed applications. In addition, we generally require our third-party service providers to promptly notify us of any actual or suspected breach impacting our data or operations. In assessing cybersecurity threats, our IT Department has established controls and procedures for responding to cybersecurity incidents, including a process to evaluate the significance of a cybersecurity incident. Members of senior management, including our General Counsel and CFO, are tasked with performing a materiality assessment in the event of a cybersecurity incident, which includes the consideration of relevant quantitative and qualitative factors, as well as SEC guidance. Based on the results of this evaluation, further escalation of the cybersecurity event may occur, which may include our CEO, our board of directors and/or law enforcement. In addition, members of senior management will determine, based on the assessment described above, whether the cybersecurity incident requires disclosure with the SEC. We currently maintain a cybersecurity insurance policy that provides coverage for security incidents and periodically meet with our insurer to discuss emerging trends in cybersecurity. We do not believe that any risks we have identified to date from cybersecurity threats, including as a result of any previous cybersecurity incidents, have materially affected or are reasonably likely to materially affect us, including our business strategy, results of operations or financial condition. However, notwithstanding the programs, policies and procedures described above, there can be no assurance that we or businesses with which we interact will not experience a cybersecurity incident that materially affects us in the future. For more information about the cybersecurity risks we face, see the risk factor entitled “Cybersecurity incidents, including the failure to protect the integrity or availability of IT systems or the security of confidential information, or the introduction of malware or ransomware, could harm our business.” in Item 1A. Risk Factors of Part I of this Annual Report on Form 10-K.
Cybersecurity Risk Management Third Party Engaged [Flag]	true
Cybersecurity Risk Third Party Oversight and Identification Processes [Flag]	true
Cybersecurity Risk Materially Affected or Reasonably Likely to Materially Affect Registrant [Flag]	false
Cybersecurity Risk Board of Directors Oversight [Text Block]	Our board of directors has general oversight responsibility for our enterprise risk management function, which includes specific areas of focus including competitive, economic, operational, financial (accounting, credit, liquidity and tax), legal, compliance, information technology security programs (including cybersecurity), ESG/corporate social responsibility, political and reputational risks. Our board of directors has delegated oversight of certain of these areas to the committees of our board of directors, including delegating the oversight of our information technology security programs (including cybersecurity) to the risk committee of our board of directors (the “Risk Committee”). We believe this division of risk management-related roles to the committees of our board of directors fosters an atmosphere of significant involvement in the oversight of risk at the board level and complements our risk management policies. The oversight responsibility of our board of directors is facilitated by a management report process that is designed to provide both visibility and transparency to our board of directors about the identification, assessment and management of critical risks and management’s risk mitigation strategies.
Cybersecurity Risk Board Committee or Subcommittee Responsible for Oversight [Text Block]	Risk Committee
Cybersecurity Risk Process for Informing Board Committee or Subcommittee Responsible for Oversight [Text Block]	Our full board of directors receives an annual update regarding the current cybersecurity environment from our CIO, which may include presentations from external consultants. Our Enterprise Risk Management (“ERM”) committee, which includes several members of senior management, including our CFO, our CIO, and a Certified Information Systems Auditor, also presents all of our top organizational and operational risks, including information security-related risks, focus areas and accomplishments throughout our various businesses, to the Risk Committee on a quarterly basis
Cybersecurity Risk Role of Management [Text Block]	Our risk management team, which includes members of senior management, including our Chief Financial Officer (“CFO”), Chief Information Officer (“CIO”) and General Counsel, as well as external consultants, works closely with our information technology department (“IT Department”) to continuously evaluate and address cybersecurity risks relevant to our business and operations. In addition, we have set company-wide policies and procedures that directly or indirectly relate to cybersecurity matters, such as policies related to encryption standards, antivirus protection, access removal, multifactor authentication, confidential information or use of the internet, social media, email and wireless devices. These policies go through an annual internal management review and approval process.
Cybersecurity Risk Management Positions or Committees Responsible [Flag]	true
Cybersecurity Risk Management Positions or Committees Responsible [Text Block]	Our CIO and our Vice President of IT (“VP of IT”)
Cybersecurity Risk Management Expertise of Management Responsible [Text Block]	Our CIO and VP of IT, collectively, have over fifty years of experience working in the information technology and cybersecurity field and have extensive experience assessing and managing cybersecurity and information technology programs and cybersecurity risk. Our CIO and VP of IT hold degrees in the information technology and cybersecurity fields, as well as hold certain cybersecurity and other relevant technology certifications.
Cybersecurity Risk Process for Informing Management or Committees Responsible [Text Block]	In assessing cybersecurity threats, our IT Department has established controls and procedures for responding to cybersecurity incidents, including a process to evaluate the significance of a cybersecurity incident. Members of senior management, including our General Counsel and CFO, are tasked with performing a materiality assessment in the event of a cybersecurity incident, which includes the consideration of relevant quantitative and qualitative factors, as well as SEC guidance. Based on the results of this evaluation, further escalation of the cybersecurity event may occur, which may include our CEO, our board of directors and/or law enforcement. In addition, members of senior management will determine, based on the assessment described above, whether the cybersecurity incident requires disclosure with the SEC.
Cybersecurity Risk Management Positions or Committees Responsible Report to Board [Flag]	true

Description of the Business a_2

Description of the Business and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2024
Description of the Business and Summary of Significant Accounting Policies
Business Segments	Business Segments Hospitality The Hospitality segment includes the Gaylord Hotels properties, JW Marriott Hill Country (effective June 30, 2023), the Inn at Opryland and the AC Hotel, each of which is managed by Marriott pursuant to a management agreement for each hotel. Entertainment The Entertainment segment includes the OEG business, specifically the Grand Ole Opry, the Ryman Auditorium, WSM-AM, Ole Red, Category 10, Block 21, and OEG’s previous investment in the Circle joint venture, among various others. Marriott manages the day-to-day operations of the General Jackson and the W Austin, which is part of the Block 21 complex, pursuant to management agreements. Corporate and Other The Corporate and Other segment includes operating and general and administrative expenses related to the overall management of the Company which are not allocated to the other reportable segments, including certain costs for the Company’s retirement plans, equity-based compensation plans, information technology, human resources, accounting, and other administrative expenses.
Principles of Consolidation	Principles of Consolidation The accompanying consolidated financial statements include the accounts of the Company and its subsidiaries. The Company’s investments in non-controlled entities in which it has the ability to exercise significant influence over operating and financial policies are accounted for by the equity method. All significant intercompany accounts and transactions have been eliminated in consolidation. The Company analyzes its variable interests, including loans, guarantees, management agreements, leasing arrangements and equity investments, to determine if an entity in which it has a variable interest is a variable interest entity (“VIE”). This analysis primarily includes a qualitative review, which is based on a review of the design of the entity, its organizational structure, including decision-making ability, and relevant financial agreements. This analysis is also used to determine if the Company must consolidate the VIE as the primary beneficiary. In September 2023, the Company and its joint venture partner agreed to wind down the Circle joint venture, with operations ceasing December 31, 2023. As a result, the Company incurred a loss related to Circle of approximately $10.5 million, which is included in loss from unconsolidated joint ventures in the accompanying consolidated statement of operations for 2023.
Property and Equipment	Property and Equipment Property and equipment are stated at cost or initially at estimated fair value if recorded in connection with purchase accounting. Improvements and significant renovations that extend the lives of existing assets are capitalized. Interest on funds borrowed to finance the construction of major capital additions is included in the cost of the applicable capital addition. Maintenance and repairs are charged to expense as incurred. Property and equipment are generally depreciated using the straight-line method over the following estimated useful lives: ​ ​ ​ ​ Buildings 40 years Land improvements 20 years Furniture, fixtures and equipment 5-8 years Leasehold improvements The shorter of the lease term or useful life
Cash and Cash Equivalents - Unrestricted	Cash and Cash Equivalents — Unrestricted The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents. The Company maintains cash and cash equivalents balances in excess of insured limits with various financial institutions.
Cash and Cash Equivalents - Restricted	Cash and Cash Equivalents — Restricted Restricted cash and cash equivalents primarily represent funds held by our property manager for furniture, fixtures and equipment reserves. In addition, based on its loan agreement, Block 21 must maintain a restricted cash balance related to debt service, property tax, insurance and other payments. Effective September 30, 2024, Block 21 was in a Trigger Period (as defined in Note 4, “Debt”). Such cash amounts held as a result of the Trigger Period are also included in restricted cash for 2024.
Accounts Receivable	Accounts Receivable The Company’s accounts receivable are primarily generated by meetings and convention attendees’ room nights and food and beverage. Receivables arising from these sales are not collateralized. Credit risk associated with the accounts receivable is minimized due to the large and diverse nature of the customer base.
Credit Loss Reserves on Receivables	Credit Loss Reserves on Receivables The Company provides for credit loss reserves based upon a percentage of accounts receivable that considers historical write-offs, current economic conditions, and management’s expectations about future economic conditions, as well as periodic evaluations of the aging of accounts receivable. The Company provides credit loss reserves for the Gaylord National bonds by comparing the amortized cost basis to their present value. If the amortized cost basis exceeds the present value, an expected credit loss exists and the allowance for credit losses is measured as the difference between the bonds’ amortized cost basis and present value, which is estimated using discounted cash flow analyses that utilize comprehensive cash flow projections over the contractual life of the bonds, as well as observable market data to the extent available. The Company considers each of these estimates as Level 3 fair value measurements.
Inventory	Inventories consist primarily of food and beverage inventory for resale and retail inventory sold in the Entertainment segment. Inventory is carried at the lower of cost or net realizable value. Cost is computed on an average cost basis.
Intangible Assets	Intangible Assets In connection with the Company’s purchase price allocation of the Gaylord Rockies joint venture, the Company acquired certain definite-lived intangibles, which are shown on the accompanying consolidated balance sheets. Included in these intangibles are the original estimated fair value of advanced bookings of $125.5 million and the original estimated fair value related to the Gaylord Hotels trade name, which Marriott owns, of $115.3 million. The advanced bookings asset was amortized on a straight-line basis over a period of 3.5 years, which corresponded with the period in which the advanced bookings related, and the value in the trade name is being amortized on a straight-line basis over 30 years, which is the period of the Marriott management agreement.
Income Taxes	Income Taxes The Company establishes deferred tax assets and liabilities based on the difference between the financial statement and income tax carrying amounts of assets and liabilities using existing tax laws and tax rates. The Company reports a liability for unrecognized tax benefits resulting from uncertain tax positions taken or expected to be taken in a tax return, if any. The Company recognizes interest and penalties, if any, related to unrecognized tax benefits in income tax expense. See Note 10, “Income Taxes,” for more detail on the Company’s income taxes. The effect on deferred tax assets and liabilities of a change in the tax rate is recognized in income in the period that includes the enactment date of the rate change. The Company records a valuation allowance to reduce its deferred tax assets to the amount that is more likely than not to be realized. The Company has considered all available positive and negative evidence in assessing the need for a valuation allowance.
Deferred Management Rights Proceeds	Deferred Management Rights Proceeds The Company has deferred and amortizes the proceeds received from Marriott that were allocated to the sale of the management rights, as discussed further in Note 5, “Deferred Management Rights Proceeds,” on a straight-line basis over the term of the hotel management agreements, including extensions, as a reduction in management fee expense in the accompanying consolidated statements of operations.
Deferred Financing Costs	Deferred Financing Costs Deferred financing costs (“DFCs”) consist of loan fees and other costs of financing that are amortized over the term of the related financing agreements, using the effective interest method, and are generally presented as a reduction of the related debt liability. DFCs on the Company’s revolving credit facility and the OEG revolving credit facility are included in prepaid expenses and other assets when the related revolving credit facility has no outstanding balance. During 2024, 2023 and 2022, DFCs of $10.7 million, $10.7 million and $9.8 million, respectively, were amortized to interest expense in the accompanying consolidated statements of operations.
Noncontrolling Interests	Noncontrolling Interests OEG The noncontrolling interest in consolidated joint venture for 2024 and 2023 represents the minority investor’s proportionate share of the assets and liabilities of OEG, adjusted for changes in the redemption value of the related put rights. The noncontrolling interest is classified in the mezzanine section of the consolidated balance sheets as the related redemption options do not meet the requirements for permanent equity classification because these redemption options may be redeemed by the holder as described above in “OEG Transaction.” The initial value of the noncontrolling interest in OEG, which included certain put rights, was estimated based on the purchase price received from the OEG Investor. In general, the carrying value will be based on the greater of the accumulated historical cost or the put right redemption value, and at December 31, 2024, approximates the fair value of the noncontrolling interest. An adjustment is also made for the OEG Investor’s proportionate share of income or loss in the accompanying consolidated statements of operations. OP Units Certain former owners of interests in the previous Gaylord Rockies joint venture received units of the Operating Partnership (“OP Units”) in exchange for their interests. Such OP Units have economic terms that are substantially similar to shares of the Company’s common stock and are redeemable at the option of the holders thereof. The noncontrolling interest in the Operating Partnership represents the limited partners’ proportionate share of the equity of the Operating Partnership. The noncontrolling interest is classified in the equity section of the consolidated balance sheets, separately from stockholders’ equity, as the related redemption options are redeemable for cash, or if the Company so elects, in unregistered shares of the Company’s common stock on a one-for-one basis, subject to certain adjustments. An adjustment is made for the limited partners’ proportionate share of income or loss in the accompanying consolidated statements of operations. At December 31, 2024, 0.4 million outstanding OP Units, or 0.7% of the outstanding OP Units, were held by the noncontrolling limited partners and are included as a component of equity in the accompanying consolidated balance sheets. The Company owns, directly or indirectly, the remaining 99.3% of the outstanding OP Units.
Revenue Recognition	Revenue Recognition Revenues from occupied hotel rooms are recognized over time as the daily hotel stay is provided to hotel groups and guests. Revenues from concessions, food and beverage sales and group meeting services are recognized over the period or at the point in time those goods or services are delivered to the hotel group or guest. Revenues from ancillary services at the Company’s hotels, such as spa, parking, and transportation services, are generally recognized at the time the goods or services are provided. Cancellation fees and attrition fees, which are charged to groups when they do not fulfill the minimum number of room nights or minimum food and beverage spending requirements originally contracted for, are generally recognized as revenue in the period the Company determines it is probable that a significant reversal in the amount of revenue recognized will not occur, which is typically the period these fees are collected. The Company generally recognizes revenues from the Entertainment segment at the point in time that services are provided or goods are delivered or shipped to the customer, as applicable. Cash received from advanced ticket sales is deferred and recognized as revenue at the time of the event. Entertainment segment revenues from licenses of content are recognized at the point in time the content is delivered to the licensee and the licensee can use and benefit from the content. The Company is required to collect certain taxes from customers on behalf of government agencies and remit these to the applicable governmental entity on a periodic basis. These taxes are collected from customers at the time of purchase but are not included in revenue. The Company records a liability upon collection from the customer and relieves the liability when payments are remitted to the applicable governmental agency.
Deferred Revenue	The Company records deferred revenues when cash payments are received in advance of its performance obligations, primarily related to advanced deposits on hotel rooms in its Hospitality segment and advanced ticketing in its OEG venues. At December 31, 2024 and 2023, the Company had $173.0 million and $159.8 million, respectively, in deferred revenues, which are included in accounts payable and accrued liabilities in the accompanying consolidated balance sheets. Of the amount outstanding at December 31, 2023, approximately $117.5 million was recognized in revenues during 2024.
Management Fees	The Company pays Marriott a base management fee based on the gross revenues from the applicable property for each fiscal year or portion thereof. The applicable percentage for the Gaylord Hotels properties, excluding Gaylord Rockies, is approximately 2% of gross revenues, Gaylord Rockies is approximately 3% of revenues, and JW Marriott Hill Country is approximately 3.5% of gross revenues. Additionally, the Company pays Marriott an incentive management fee based on the profitability of the properties. Management fees are presented in the consolidated statements of operations net of the amortization of the deferred management rights proceeds discussed further in Note 5, “Deferred Management Rights Proceeds.”
Advertising Costs	Advertising Costs Advertising costs are expensed as incurred and were $71.4 million, $65.0 million, and $55.1 million for 2024, 2023 and 2022, respectively.
Stock-Based Compensation	Stock-Based Compensation The Company has stock-based employee compensation plans, which are described more fully in Note 7, “Stock Plans.” The Company accounts for its stock-based compensation plan under the provisions of Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 718, “ Compensation – Stock Compensation
Preopening Costs	Preopening Costs The Company expenses the costs associated with start-up activities and organization costs associated with its development or reopening of hotels and significant attractions as incurred. The Company’s preopening costs during 2024 include costs associated with Category 10, which opened in November 2024 and Ole Red Las Vegas, which opened in January 2024. The Company’s preopening costs during 2023 include costs associated with Ole Red Las Vegas. The Company’s preopening costs during 2022 include costs associated with Ole Red Nashville International Airport, which opened in May 2022.
Derivative Financial Instruments	Derivative Financial Instruments The Company has entered into and may in the future enter into additional interest rate swap agreements to hedge against interest rate fluctuations. The Company does not use derivatives for trading or speculative purposes and currently does not hold any derivatives that are not designated as hedges. For derivatives designated as and that qualify as cash flow hedges of interest rate risk, the gain or loss on the derivative resulting from recording each instrument at estimated fair value is recorded in accumulated other comprehensive loss and subsequently reclassified to interest expense in the same period during which the hedged transaction affects earnings. These amounts reported in accumulated other comprehensive loss will be reclassified to interest expense as interest payments are made on the related variable-rate debt. The Company estimates that $0.4 million will be reclassified from accumulated other comprehensive loss to interest expense in the next twelve months.
Impairment of Long-Lived and Other Assets	Impairment of Long-Lived and Other Assets In accounting for the Company’s long-lived and other assets (including its property and equipment and intangible assets), the Company assesses its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying value of the assets or asset group may not be recoverable. Recoverability of property and equipment and definite-lived intangible assets that will continue to be used is measured by comparing the carrying amount of the asset or asset group to the related total future undiscounted net cash flows. If an asset or asset group’s carrying value is not recoverable through those cash flows, the asset group is considered to be impaired. The impairment is measured by the excess of the assets’ carrying amount over their fair value, which is estimated using discounted cash flow analyses that utilize comprehensive cash flow projections, as well as observable market data to the extent available. The Company recorded no impairment losses during 2024, 2023 or 2022.
Income Per Share	​ Income Per Share Income per share is measured as basic earnings per share and diluted earnings per share. Basic earnings per share is computed by dividing net income by the weighted average number of common shares outstanding during the year. Diluted earnings per share is computed by dividing net income by the weighted average number of common shares outstanding after considering the effect of conversion of dilutive instruments, calculated using the treasury stock method or if-converted method, as applicable. Net income per share amounts are calculated as follows for the years ended December 31 (income and share amounts in thousands):
Accounting Estimates	Accounting Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reported periods. Actual results could differ from those estimates.
Newly Issued Accounting Standards	Newly Issued Accounting Standards In November 2023, the FASB issued ASU No. 2023-07, “ Improvements to Reportable Segment Disclosures interim periods beginning in fiscal year 2025. This adoption did not have a material impact on the Company’s financial statements. In December 2023, the FASB issued ASU No. 2023-09, “ Improvements to Income Tax Disclosures In November 2024, the FASB issued ASU No. 2024-03, “ Expense Disaggregation Disclosures
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. The investments held by the Company in connection with its deferred compensation plan consist of money market and mutual funds traded in an active market. The Company determined the fair value of these assets 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. The Company’s interest rate swaps consist of over-the-counter swap contracts, which are not traded on a public exchange. The Company determines the fair value of these swap contracts based on a widely accepted valuation methodology of netting the discounted future fixed cash flows and the discounted expected variable cash flows, using interest rates derived from observable market interest rate curves and volatilities, with appropriate adjustments for any significant impact of non-performance risk of the parties to the swap contracts. Therefore, these swap contracts have been classified as Level 2. The Company has consistently applied these valuation techniques in all periods presented and believes it has obtained the most accurate information available for the types of instruments it holds.

Description of the Business a_3

Description of the Business and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2024
Description of the Business and Summary of Significant Accounting Policies
Summary of Net Assets Acquired	The Company determined that the acquisition represents an asset acquisition and has capitalized transaction costs and allocated the purchase price to the relative fair values of assets acquired and liabilities assumed, adjusted for working capital adjustments as set forth in the purchase agreement and transaction costs, as follows (amounts in thousands): ​ ​ ​ ​ Property and equipment ​ $ 772,821 Cash and cash equivalents - unrestricted ​ 12,690 Cash and cash equivalents - restricted ​ ​ 5,477 Trade receivables ​ 14,743 Prepaid expenses and other assets ​ 3,953 Intangible assets ​ 25,097 Total assets acquired ​ ​ 834,781 Accounts payable and accrued liabilities ​ ​ (25,148) Total liabilities assumed ​ ​ (25,148) Net assets acquired ​ $ 809,633
Summary of Purchase Price Allocation for the Acquired Assets and Liabilities of Block 21	As a result, the Company allocated the purchase price, adjusted for working capital adjustments as defined in the purchase agreement, as follows (amounts in thousands): ​ ​ ​ ​ ​ Property and equipment ​ $ 237,159 Cash and cash equivalents - unrestricted ​ 8,493 Cash and cash equivalents - restricted ​ ​ 12,450 Trade receivables ​ 1,405 Prepaid expenses and other assets ​ 1,085 Intangible assets ​ 1,723 Total assets acquired ​ ​ 262,315 ​ ​ ​ ​ Debt ​ ​ (132,531) Accounts payable and accrued liabilities ​ ​ (14,774) Other liabilities ​ ​ (75) Total liabilities assumed ​ ​ (147,380) ​ ​ ​ ​ Net assets acquired ​ $ 114,935
Estimated Useful Lives of Property and Equipment	Property and equipment are generally depreciated using the straight-line method over the following estimated useful lives: ​ ​ ​ ​ Buildings 40 years Land improvements 20 years Furniture, fixtures and equipment 5-8 years Leasehold improvements The shorter of the lease term or useful life
Cash Paid for Interest	Cash paid for interest, net considering amounts from interest rate swaps, for the years ended December 31 was comprised of (amounts in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 2022 Debt interest paid ​ $ 210,650 ​ $ 183,479 ​ $ 135,467 Capitalized interest ​ (7,560) ​ (2,483) ​ (183) Cash paid for interest, net of capitalized interest ​ $ 203,090 ​ $ 180,996 ​ $ 135,284 ​
Summary of Prepaid Expense and Other Assets	Prepaid expenses and other assets at December 31 consist of (amounts in thousands): ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 Prepaid expenses ​ $ 26,872 ​ $ 22,458 Supplemental deferred compensation plan assets ​ 37,440 ​ 33,073 Tax rebate receivables ​ ​ 34,780 ​ ​ 34,324 Inventories ​ 16,134 ​ 14,007 Right-of-use assets for operating leases ​ ​ 22,079 ​ ​ 18,134 Deferred financing costs on revolving credit facilities ​ ​ 6,162 ​ ​ 8,420 Other ​ 34,624 ​ 24,394 Total prepaid expenses and other assets ​ $ 178,091 ​ $ 154,810 ​
Summary of Estimated Amounts of Amortization Expense for Next Five Years	The estimated amounts of amortization expense for the next five years are as follows (amounts in thousands): ​ ​ ​ ​ ​ 2025 $ 7,694 2026 ​ 7,456 2027 ​ 5,458 2028 ​ 5,329 2029 ​ 5,329 ​ ​ $ 31,266
Accounts Payable and Accrued Liabilities of Continuing Operations	Accounts payable and accrued liabilities at December 31 consist of (amounts in thousands): ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 Trade accounts payable ​ $ 58,366 ​ $ 57,030 Property and other taxes payable ​ 91,941 ​ 90,558 Deferred revenues ​ 173,029 ​ 159,762 Accrued salaries and benefits ​ 45,780 ​ 57,502 Interest payable ​ 48,415 ​ 39,870 Other accrued liabilities ​ 49,040 ​ 59,998 Total accounts payable and accrued liabilities ​ $ 466,571 ​ $ 464,720 ​
Other Liabilities	Other liabilities at December 31 consist of (amounts in thousands): ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 Pension and postretirement benefits liability ​ $ 12,649 ​ $ 17,404 Deferred compensation liability ​ 37,440 ​ 33,073 Derivative liabilities ​ ​ 386 ​ ​ 1,322 Other ​ 16,330 ​ 14,859 Total other liabilities ​ $ 66,805 ​ $ 66,658
Revenues Disaggregated by Major Source	The Company’s revenues disaggregated by major source are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 2022 Hotel group rooms ​ $ 509,014 ​ $ 462,674 ​ $ 364,835 Hotel transient rooms ​ 235,573 238,464 230,709 Hotel food and beverage - banquets ​ 666,525 569,803 440,364 Hotel food and beverage - outlets ​ 274,302 261,993 226,645 Hotel other ​ 311,636 300,544 275,421 Entertainment admissions/ticketing ​ 126,897 ​ ​ 124,647 107,377 Entertainment food and beverage ​ 125,862 ​ ​ 107,335 89,931 Entertainment retail and other ​ 89,417 ​ ​ 92,676 70,687 Total revenues $ 2,339,226 $ 2,158,136 $ 1,805,969 ​
Hospitality Segment Revenues Disaggregated by Location	The Company’s Hospitality segment revenues disaggregated by location are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 2022 Gaylord Opryland $ 495,552 ​ $ 474,884 ​ $ 424,188 Gaylord Palms ​ 302,371 ​ 309,616 ​ 279,578 Gaylord Texan ​ 351,151 ​ 358,399 ​ 307,318 Gaylord National ​ 311,330 ​ 307,139 ​ 249,849 Gaylord Rockies ​ ​ 290,141 ​ ​ 266,737 ​ ​ 253,326 JW Marriott Hill Country ​ ​ 220,524 ​ ​ 92,813 ​ ​ — AC Hotel ​ 12,647 ​ 11,997 ​ 10,419 Inn at Opryland and other ​ 13,334 ​ 11,893 ​ 13,296 Total Hospitality segment revenues ​ $ 1,997,050 ​ $ 1,833,478 ​ $ 1,537,974 ​
Income Per Share	Net income per share amounts are calculated as follows for the years ended December 31 (income and share amounts in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 ​ 2023 ​ 2022 Numerator: ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income available to common stockholders ​ $ 271,638 ​ $ 311,217 ​ $ 128,993 Net income attributable to noncontrolling interest in consolidated joint venture ​ 6,760 ​ — ​ — Net income available to common stockholders - if-converted method ​ $ 278,398 ​ $ 311,217 ​ $ 128,993 ​ ​ ​ ​ ​ ​ ​ Denominator: ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted average shares outstanding - basic ​ ​ 59,859 ​ ​ 57,750 ​ ​ 55,140 Effect of dilutive stock-based compensation ​ ​ 281 ​ ​ 311 ​ ​ 237 Effect of dilutive put rights ​ ​ 3,492 ​ — ​ — Weighted average shares outstanding - diluted ​ ​ 63,632 ​ 58,061 ​ 55,377 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic income per share available to common stockholders ​ $ 4.54 ​ $ 5.39 ​ $ 2.34 Diluted income per share available to common stockholders ​ $ 4.38 ​ $ 5.36 ​ $ 2.33

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2024
Property and Equipment
Property and Equipment	Property and equipment at December 31 is recorded at cost, with the exception of right-of-use finance leases and the initial value assigned to assets acquired in an acquisition, and summarized as follows (amounts in thousands): ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 Land and land improvements ​ $ 613,870 ​ $ 605,500 Buildings ​ 4,593,839 ​ 4,396,302 Furniture, fixtures and equipment ​ 1,329,039 ​ 1,138,769 Right-of-use finance lease assets ​ ​ 1,017 ​ ​ 1,793 Construction-in-progress ​ 110,897 ​ 122,923 ​ ​ 6,648,662 ​ 6,265,287 Accumulated depreciation and amortization ​ (2,524,280) ​ (2,309,701) Property and equipment, net ​ $ 4,124,382 ​ $ 3,955,586

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2024
Debt
Summary of Debt and Finance Lease Obligations	The Company’s debt and finance lease obligations at December 31 consisted of (amounts in thousands): ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 $700M Revolving Credit Facility ​ $ — ​ $ — Term Loan B ​ 292,791 ​ 496,250 4.75% Senior Notes ​ ​ 700,000 ​ ​ 700,000 7.25% Senior Notes ​ ​ 400,000 ​ ​ 400,000 4.50% Senior Notes ​ ​ 600,000 ​ ​ 600,000 6.50% Senior Notes ​ ​ 1,000,000 ​ ​ — Gaylord Rockies Term Loan ​ ​ — ​ ​ 800,000 $80M OEG Revolver ​ 21,000 ​ 5,000 OEG Term Loan ​ 299,250 ​ 296,250 Block 21 CMBS Loan ​ ​ 128,967 ​ ​ 131,871 Finance lease obligations ​ 55 ​ 138 Unamortized deferred financing costs ​ ​ (51,484) ​ ​ (38,309) Unamortized discounts and premiums, net ​ ​ (12,183) ​ ​ (14,172) Total debt ​ $ 3,378,396 ​ $ 3,377,028 ​
Annual Maturities of Long-Term Debt Excluding Finance Lease Obligations	Annual maturities of long-term debt, excluding finance lease obligations, are as follows (amounts in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Years ​ ​ ​ ​ 2025 ​ 2026 ​ 2027 ​ 2028 ​ 2029 ​ Thereafter ​ Total $700M Revolving Credit Facility $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — ​ $ — Term Loan B ​ 2,935 ​ ​ 2,935 ​ ​ 2,935 ​ ​ 2,935 ​ ​ 2,935 ​ ​ 278,116 ​ ​ 292,791 4.75% Senior Notes ​ — ​ ​ — ​ ​ 700,000 ​ ​ — ​ ​ — ​ ​ — ​ ​ 700,000 7.25% Senior Notes ​ — ​ ​ — ​ ​ — ​ ​ 400,000 ​ ​ — ​ ​ — ​ ​ 400,000 4.50% Senior Notes ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 600,000 ​ ​ — ​ ​ 600,000 6.50% Senior Notes ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 1,000,000 ​ ​ 1,000,000 $80M OEG Revolver ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 21,000 ​ ​ — ​ ​ 21,000 OEG Term Loan ​ 3,000 ​ ​ 3,000 ​ ​ 3,000 ​ ​ 3,000 ​ ​ 3,000 ​ ​ 284,250 ​ ​ 299,250 Block 21 CMBS Loan ​ 3,094 ​ ​ 125,873 ​ ​ — ​ ​ — ​ ​ — ​ ​ — ​ ​ 128,967 Total $ 9,029 ​ $ 131,808 ​ $ 705,935 ​ $ 405,935 ​ $ 626,935 ​ $ 1,562,366 ​ $ 3,442,008 ​
Schedule of Fair Value of the Company's Derivative Financial Instruments	​ The estimated fair values of the Company’s derivative financial instruments at December 31 are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated Fair Value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Asset (Liability) Balance ​ ​ ​ ​ Strike ​ ​ ​ ​ ​ Notional ​ December 31, ​ December 31, Hedged Debt ​ Type ​ Rate ​ Index ​ Maturity Date ​ Amount ​ 2024 ​ 2023 Gaylord Rockies Term Loan ​ Interest Rate Swap ​ 5.2105% ​ Daily SOFR ​ July 2, 2024 ​ $ 800,000 ​ $ - ​ $ (474) OEG Term Loan ​ Interest Rate Swap ​ 4.5330% ​ 3-month SOFR ​ December 18, 2025 ​ ​ 100,000 ​ ​ (386) ​ ​ (848) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ (386) ​ $ (1,322)
Summary of Effect of Derivative Financial Instruments on the Accompanying Consolidated Statements of Operations	​ The effect of the Company’s derivative financial instruments on the accompanying consolidated statements of operations and comprehensive income for the years ended December 31 is as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amount of Gain (Loss) ​ Location of Gain (Loss) Amount of Gain (Loss) ​ ​ Recognized in OCI ​ Reclassified from Reclassified from Accumulated ​ ​ on Derivatives ​ Accumulated OCI ​ OCI into Income (Expense) ​ ​ 2024 ​ 2023 into Income (Expense) 2024 ​ 2023 Derivatives in Cash Flow Hedging Relationships: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Interest rate swaps ​ $ 1,940 ​ $ 670 ​ Interest expense ​ $ 1,003 ​ $ 12,177 Total derivatives ​ $ 1,940 ​ $ 670 ​ ​ ​ ​ ​ $ 1,003 ​ $ 12,177 ​

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2024
Leases
Schedule of Company's Lease Cost	The Company’s lease cost for the years ended December 31 is as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 ​ 2023 ​ 2022 Operating lease cost ​ ​ $ 19,264 ​ $ 18,346 ​ $ 15,694 Finance lease cost: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Amortization of right-of-use assets ​ ​ ​ 189 ​ 163 ​ 122 Interest on lease liabilities ​ ​ ​ 2 ​ 25 ​ 33 Net lease cost ​ ​ $ 19,455 ​ $ 18,534 ​ $ 15,849
Summary of Maturities of Operating Lease Liabilities	Future minimum lease payments under non-cancelable leases at December 31, 2024 are as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ Operating Finance ​ ​ Leases ​ Leases Year 1 ​ $ 11,015 ​ $ 39 Year 2 ​ 10,962 ​ 18 Year 3 ​ 10,778 ​ — Year 4 ​ 10,227 ​ — Year 5 ​ 9,581 ​ — Years thereafter ​ 548,081 ​ — Total future minimum lease payments ​ 600,644 ​ 57 Less amount representing interest ​ (465,527) ​ ​ (2) Total present value of minimum payments ​ $ 135,117 ​ $ 55
Summary of Maturities of Finance Lease Liabilities	​ ​ ​ ​ ​ ​ ​ ​ ​ Operating Finance ​ ​ Leases ​ Leases Year 1 ​ $ 11,015 ​ $ 39 Year 2 ​ 10,962 ​ 18 Year 3 ​ 10,778 ​ — Year 4 ​ 10,227 ​ — Year 5 ​ 9,581 ​ — Years thereafter ​ 548,081 ​ — Total future minimum lease payments ​ 600,644 ​ 57 Less amount representing interest ​ (465,527) ​ ​ (2) Total present value of minimum payments ​ $ 135,117 ​ $ 55
Schedule of Remaining Lease Term and Discount Rate of Leases	​ ​ ​ ​ Weighted-average remaining lease term: ​ ​ Operating leases 41.3 years Finance leases 1.5 years Weighted-average discount rate: ​ ​ Operating leases 7.0 % Finance leases 2.0 % ​

Stock Plans (Tables)

Stock Plans (Tables)	12 Months Ended
	Dec. 31, 2024
Stock Plans
Share-Based Compensation Activity	A summary of the status of the Company’s restricted stock units as of December 31, 2024 and changes during the year ended December 31, 2024, is presented below: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted ​ ​ ​ ​ Average ​ ​ ​ ​ Grant-Date Restricted Stock Units Shares Fair Value Nonvested shares at January 1, 2024 601,855 ​ $ 77.59 Granted 171,959 ​ 113.10 Vested (297,490) ​ 76.18 Canceled (27,859) ​ 97.13 Nonvested shares at December 31, 2024 448,465 ​ 91.04 ​

Pension Plans (Tables)

Pension Plans (Tables)	12 Months Ended
	Dec. 31, 2024
Pension Plans
Funded Status and Accrued Pension Cost	The following table sets forth the funded status ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 CHANGE IN BENEFIT OBLIGATION: ​ ​ ​ ​ Benefit obligation at beginning of year ​ $ 57,778 ​ $ 60,922 Interest cost ​ 2,501 ​ 2,794 Actuarial gain ​ (2,445) ​ (188) Benefits paid ​ (5,486) ​ (5,750) Benefit obligation at end of year ​ 52,348 ​ 57,778 CHANGE IN PLAN ASSETS: ​ ​ Fair value of plan assets at beginning of year ​ 52,642 ​ 52,269 Actual return on plan assets ​ 3,801 ​ 6,123 Benefits paid ​ (5,486) ​ (5,750) Fair value of plan assets at end of year ​ 50,957 ​ 52,642 Funded status and accrued pension cost ​ $ (1,391) ​ $ (5,136)
Assumptions Used to Determine Benefit Obligations	The assumptions used to determine the benefit obligation at December 31 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 2022 Discount rate 5.28 % 4.66 % 4.85 % Rate of compensation increase N/A N/A N/A ​ ​ The weighted-average assumptions used to determine the net periodic pension expense for years ended December 31 are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 2022 Discount rate 4.65 % 5.02 % 3.33 % Rate of compensation increase N/A N/A N/A ​ Expected long-term rate of return on plan assets 6.00 % 6.00 % 6.00 % ​
Allocation of Defined Benefit Pension Plans Assets	The allocation of the defined benefit pension plan’s assets at December 31 is as follows (amounts in thousands): ​ ​ ​ ​ ​ ​ ​ Asset Class 2024 2023 Cash ​ $ 1,066 ​ $ 1,013 Mutual funds ​ 49,891 ​ 51,629 Total ​ $ 50,957 ​ $ 52,642
Pension Plan [Member]
Pension Plans
Net Periodic Pension and Postretirement Benefit Expense	Net periodic pension expense reflected in other gains and (losses), net in the accompanying consolidated statements of operations included the following components for the years ended December 31 (amounts in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 2022 Interest cost ​ $ 2,501 ​ $ 2,794 ​ $ 2,253 Expected return on plan assets ​ (3,000) ​ (2,904) ​ (3,701) Amortization of net actuarial loss ​ 465 ​ 681 ​ 667 Net settlement loss ​ ​ 858 ​ ​ 1,313 ​ ​ 1,894 Total net periodic pension expense ​ $ 824 ​ $ 1,884 ​ $ 1,113 ​
Expected Future Benefit Payments	The Company does not expect ​ ​ ​ ​ 2025 $ 9,217 2026 ​ 4,864 2027 ​ 5,281 2028 ​ 5,634 2029 ​ 5,093 2030 - 2034 ​ 18,703 ​

Equity (Tables)

Equity (Tables)	12 Months Ended
	Dec. 31, 2024
Equity
Summary of Changes in Accumulated Other Comprehensive Loss by Component	Changes in accumulated other comprehensive loss by component consisted of the following (amounts in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Other-Than- ​ ​ ​ ​ ​ Minimum ​ Temporary ​ ​ ​ ​ ​ ​ ​ Pension ​ Impairment of ​ Interest Rate ​ ​ ​ ​ ​ Liability ​ Investment ​ Derivatives ​ Total Balance, December 31, 2021 ​ $ (16,419) ​ $ (3,298) ​ $ (9,363) ​ $ (29,080) Gains (losses) arising during period ​ (1,428) ​ — ​ 16,007 ​ 14,579 Amounts reclassified from accumulated other comprehensive loss ​ (174) ​ 211 ​ 3,541 ​ 3,578 Net other comprehensive income (loss) ​ (1,602) ​ 211 ​ 19,548 ​ 18,157 Balance, December 31, 2022 ​ $ (18,021) ​ $ (3,087) ​ $ 10,185 ​ $ (10,923) Gains arising during period ​ 4,428 ​ — ​ 670 ​ 5,098 Amounts reclassified from accumulated other comprehensive loss ​ (308) ​ 209 ​ (12,177) ​ (12,276) Income tax expense ​ (1,286) ​ — ​ — ​ (1,286) Net other comprehensive income (loss) ​ 2,834 ​ 209 ​ (11,507) ​ (8,464) Balance, December 31, 2023 ​ $ (15,187) ​ $ (2,878) ​ $ (1,322) ​ $ (19,387) Gains arising during period ​ 4,538 ​ — ​ 1,940 ​ 6,478 Amounts reclassified from accumulated other comprehensive loss ​ (553) ​ ​ 211 ​ ​ (1,003) ​ (1,345) Income tax expense ​ (918) ​ — ​ — ​ (918) Net other comprehensive income ​ 3,067 ​ 211 ​ 937 ​ 4,215 Balance, December 31, 2024 ​ $ (12,120) ​ $ (2,667) ​ $ (385) ​ $ (15,172) ​

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2024
Income Taxes
Provision for Income Taxes from Continuing Operations	The income tax (provision) benefit for continuing operations consists of the following (amounts in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 2022 CURRENT: ​ ​ ​ Federal ​ $ (359) ​ $ 797 ​ $ (21,936) State ​ (3,281) ​ (2,920) ​ (8,595) Total current provision ​ (3,640) ​ (2,123) ​ (30,531) DEFERRED: ​ ​ ​ Federal ​ (9,233) ​ 79,710 ​ (9,115) State ​ (963) ​ 16,115 ​ 871 Total deferred (provision) benefit ​ (10,196) ​ 95,825 ​ (8,244) Total (provision) benefit for income taxes ​ $ (13,836) ​ $ 93,702 ​ $ (38,775)
Summary of Taxability of Cash Distributions Paid on Common Shares	The estimated taxability of cash distributions to common stockholders is shown in the table below (per common share) (unaudited): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 2022 Ordinary income ​ $ 4.28 ​ $ 3.75 ​ $ 0.28 Capital gains ​ 0.07 ​ 0.10 ​ 0.07 Return of capital ​ — ​ — ​ — ​ ​ $ 4.35 ​ $ 3.85 ​ $ 0.35
Differences Between the Income Tax Provision Calculated at the Statutory U.S. Federal Income Tax Rate of 21% and the Actual Income Tax (Provision) Benefit Recorded for Continuing Operations	The differences between the income tax provision calculated at the statutory U.S. federal income tax rate of 21% and the actual income tax (provision) benefit recorded for continuing operations are as follows (amounts in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 2022 Statutory federal income tax provision ​ $ (61,746) ​ $ (52,101) ​ $ (36,482) Adjustment for nontaxable income of the REIT ​ 49,043 ​ 44,968 ​ 3,565 State tax provision (net of federal taxes) ​ (4,215) ​ (11,934) ​ (13,597) Permanent share-based compensation adjustment ​ 2,723 ​ 34 ​ 440 Other permanent items ​ (594) ​ (531) ​ (365) Change in federal valuation allowance ​ — ​ 87,330 ​ 1,914 Change in state valuation allowance (net of federal taxes) ​ (29) ​ 25,128 ​ 5,873 Other ​ 982 ​ 808 ​ (123) ​ ​ $ (13,836) ​ $ 93,702 ​ $ (38,775) ​
Components of Company's Deferred Tax Assets and Liabilities	Significant components of the Company’s deferred tax assets and liabilities at December 31 are as follows (amounts in thousands): ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 DEFERRED TAX ASSETS: ​ ​ Accounting reserves and accruals ​ $ 21,023 ​ $ 22,340 Pension plans ​ 3,091 ​ 4,249 Deferred management rights proceeds ​ 39,763 ​ 40,280 Federal and State net operating loss carryforwards ​ 125,692 ​ 102,032 Tax credits and other carryforwards ​ 17,181 ​ 8,881 Other assets ​ 3,993 ​ 6,205 Total deferred tax assets ​ 210,743 ​ 183,987 Valuation allowance ​ (5,595) ​ (5,557) Total deferred tax assets, net of valuation allowance ​ 205,148 ​ 178,430 DEFERRED TAX LIABILITIES: ​ ​ Property and equipment, net ​ 125,025 ​ 90,792 Other liabilities ​ 9,612 ​ 6,014 Total deferred tax liabilities ​ 134,637 ​ 96,806 Net deferred tax assets ​ $ 70,511 ​ $ 81,624 ​

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2024
Fair Value Measurements
Assets and Liabilities Measured at Fair Value on Recurring Basis	The Company’s assets and liabilities that are required to be measured at fair value on a recurring basis at December 31, were as follows (in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Markets for Observable Unobservable ​ ​ December 31, ​ Identical Assets ​ Inputs ​ Inputs ​ ​ 2024 ​ (Level 1) ​ (Level 2) ​ (Level 3) Deferred compensation plan investments ​ $ 37,440 ​ $ 37,440 ​ $ — ​ $ — Total assets measured at fair value ​ $ 37,440 ​ $ 37,440 ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Variable to fixed interest rate swaps ​ $ 386 ​ $ — ​ $ 386 ​ $ — Total liabilities measured at fair value ​ $ 386 ​ $ — ​ $ 386 ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Markets for Observable Unobservable ​ ​ December 31, ​ Identical Assets ​ Inputs ​ Inputs ​ ​ 2023 ​ (Level 1) ​ (Level 2) ​ (Level 3) Deferred compensation plan investments ​ $ 33,073 ​ $ 33,073 ​ $ — ​ $ — Total assets measured at fair value ​ $ 33,073 ​ $ 33,073 ​ $ — ​ $ — ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Variable to fixed interest rate swaps ​ $ 1,322 ​ $ — ​ $ 1,322 ​ $ — Total liabilities measured at fair value ​ $ 1,322 ​ $ — ​ $ 1,322 ​ $ — ​

Financial Reporting By Busine_2

Financial Reporting By Business Segments (Tables)	12 Months Ended
	Dec. 31, 2024
Financial Reporting By Business Segments
Segments' Internal Financial Reports	The following information (amounts in thousands) is derived directly from the segments’ internal financial reports used by the CODM and for corporate management purposes. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Year Ended December 31, 2024 ​ ​ Hospitality ​ Entertainment ​ Corporate and Other ​ Total Revenues ​ $ 1,997,050 ​ $ 342,176 ​ $ — ​ $ 2,339,226 Expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Rooms ​ ​ 179,358 ​ ​ ​ ​ ​ ​ ​ ​ 179,358 Food and beverage ​ ​ 516,309 ​ ​ ​ ​ ​ ​ ​ ​ 516,309 Other hotel expenses ​ ​ 555,554 ​ ​ ​ ​ ​ ​ ​ ​ 555,554 Management fees ​ ​ 73,531 ​ ​ ​ ​ ​ ​ ​ ​ 73,531 Employment costs ​ ​ ​ ​ ​ 102,653 ​ ​ ​ ​ ​ 102,653 Cost of goods sold ​ ​ ​ ​ ​ 46,112 ​ ​ ​ ​ ​ 46,112 Contract services ​ ​ ​ ​ ​ 39,736 ​ ​ ​ ​ ​ 39,736 Non-income taxes and insurance ​ ​ ​ ​ ​ 11,973 ​ ​ ​ ​ ​ 11,973 Preopening costs ​ ​ ​ ​ ​ 4,618 ​ ​ ​ ​ ​ 4,618 Other segment expenses (1) ​ ​ ​ ​ ​ 41,373 ​ ​ 41,819 ​ ​ 83,192 Gain on sale of assets ​ ​ ​ ​ ​ ​ ​ ​ (270) ​ ​ (270) Depreciation and amortization ​ ​ 205,189 ​ ​ 29,519 ​ ​ 918 ​ ​ 235,626 Operating income (loss) ​ $ 467,109 ​ $ 66,192 ​ $ (42,467) ​ $ 490,834 Interest expense ​ ​ (14,611) ​ ​ (38,283) ​ ​ (172,501) ​ ​ (225,395) Interest income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 27,977 Loss on extinguishment of debt ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (2,479) Income from unconsolidated joint ventures (2) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 275 Other gains and (losses), net ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2,814 Income before income taxes ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 294,026 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Year Ended December 31, 2023 ​ ​ Hospitality ​ Entertainment ​ Corporate and Other ​ Total Revenues ​ $ 1,833,478 ​ $ 324,658 ​ $ — ​ $ 2,158,136 Expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Rooms ​ ​ 173,749 ​ ​ ​ ​ ​ ​ ​ ​ 173,749 Food and beverage ​ ​ 465,963 ​ ​ ​ ​ ​ ​ ​ ​ 465,963 Other hotel expenses ​ ​ 519,328 ​ ​ ​ ​ ​ ​ ​ ​ 519,328 Management fees ​ ​ 66,425 ​ ​ ​ ​ ​ ​ ​ ​ 66,425 Employment costs ​ ​ ​ ​ ​ 91,317 ​ ​ ​ ​ ​ 91,317 Cost of goods sold ​ ​ ​ ​ ​ 43,544 ​ ​ ​ ​ ​ 43,544 Contract services ​ ​ ​ ​ ​ 32,925 ​ ​ ​ ​ ​ 32,925 Non-income taxes and insurance ​ ​ ​ ​ ​ 17,645 ​ ​ ​ ​ ​ 17,645 Preopening costs ​ ​ ​ ​ ​ 1,308 ​ ​ ​ ​ ​ 1,308 Other segment expenses (1) ​ ​ ​ ​ ​ 38,232 ​ ​ 42,789 ​ ​ 81,021 Depreciation and amortization ​ ​ 186,749 ​ ​ 23,611 ​ ​ 867 ​ ​ 211,227 Operating income (loss) ​ $ 421,264 ​ $ 76,076 ​ $ (43,656) ​ $ 453,684 Interest expense ​ ​ (55,865) ​ ​ (40,988) ​ ​ (114,517) ​ ​ (211,370) Interest income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 21,423 Loss on extinguishment of debt ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (2,252) Loss from unconsolidated joint ventures (2) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (17,308) Other gains and (losses), net ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 3,921 Income before income taxes ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 248,098 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ For the Year Ended December 31, 2022 ​ ​ Hospitality ​ Entertainment ​ Corporate and Other ​ Total Revenues ​ $ 1,537,974 ​ $ 267,995 ​ $ — ​ $ 1,805,969 Expenses: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Rooms ​ ​ 155,817 ​ ​ ​ ​ ​ ​ ​ ​ 155,817 Food and beverage ​ ​ 381,142 ​ ​ ​ ​ ​ ​ ​ ​ 381,142 Other hotel expenses ​ ​ 457,291 ​ ​ ​ ​ ​ ​ ​ ​ 457,291 Management fees ​ ​ 43,425 ​ ​ ​ ​ ​ ​ ​ ​ 43,425 Employment costs ​ ​ ​ ​ ​ 75,916 ​ ​ ​ ​ ​ 75,916 Cost of goods sold ​ ​ ​ ​ ​ 39,653 ​ ​ ​ ​ ​ 39,653 Contract services ​ ​ ​ ​ ​ 27,523 ​ ​ ​ ​ ​ 27,523 Non-income taxes and insurance ​ ​ ​ ​ ​ 13,901 ​ ​ ​ ​ ​ 13,901 Preopening costs ​ ​ ​ ​ ​ 532 ​ ​ ​ ​ ​ 532 Other segment expenses (1) ​ ​ ​ ​ ​ 31,552 ​ ​ 42,982 ​ ​ 74,534 Loss on sale of assets ​ ​ ​ ​ ​ ​ ​ ​ 469 ​ ​ 469 Depreciation and amortization ​ ​ 189,375 ​ ​ 18,420 ​ ​ 821 ​ ​ 208,616 Operating income (loss) ​ $ 310,924 ​ $ 60,498 ​ $ (44,272) ​ $ 327,150 Interest expense ​ ​ (41,863) ​ ​ (19,993) ​ ​ (86,550) ​ ​ (148,406) Interest income ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 5,750 Loss on extinguishment of debt ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (1,547) Loss from unconsolidated joint ventures (2) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ (10,967) Other gains and (losses), net ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 1,743 Income before income taxes ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ $ 173,723 (1) Other segment expense include: Entertainment segment – advertising, utilities, maintenance and certain overhead expenses Corporate and Other – information technology, human resources, accounting, equity-based compensation and other administrative expenses (2) Income (loss) from unconsolidated joint ventures relates to the Entertainment segment. ​ ​ ​ ​ ​ ​ ​ ​ December 31, December 31, ​ ​ 2024 ​ 2023 Total assets: ​ ​ Hospitality ​ $ 4,081,754 ​ $ 4,039,804 Entertainment ​ 653,969 ​ 610,663 Corporate and Other ​ 481,850 ​ 538,070 Total assets ​ $ 5,217,573 ​ $ 5,188,537
Capital Expenditures for Continuing Operations	The following table represents the capital expenditures by segment for the years ended December 31 (amounts in thousands): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ 2024 2023 2022 Hospitality ​ $ 300,867 ​ $ 145,805 ​ $ 70,406 Entertainment ​ 106,828 ​ 60,428 ​ 18,767 Corporate and Other ​ 210 ​ 543 ​ 347 Total capital expenditures ​ $ 407,905 ​ $ 206,776 ​ $ 89,520 ​

Description of the Business a_4

Description of the Business and Summary of Significant Accounting Policies (Details)	Dec. 31, 2024	Jun. 15, 2022
Circle [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage	50%
Opry Entertainment Group [Member] | Ryman Hospitality Properties, Inc [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage	70%	100%

Description of the Business a_5

Description of the Business and Summary of Significant Accounting Policies - Joint Venture Interests Acquired - Ownership Percentages (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Business Combination, Step Acquisition [Abstract]
Impairment charges	$ 0	$ 0	$ 0
Circle [Member]
Business Combination, Description [Abstract]
Ownership percentage	50%

Description of the Business a_6

Description of the Business and Summary of Significant Accounting Policies - Subsidiaries (Details)	Dec. 31, 2024
Business Acquisition [Line Items]
Percentage of owned subsidiaries	100%
Ryman Hospitality Properties, Inc [Member]
Business Acquisition [Line Items]
Percentage of outstanding Operating Partnership Units held by the company	99.30%

Description of the Business a_7

Description of the Business and Summary of Significant Accounting Policies - OEG Transaction (Details) $ in Millions	Jun. 16, 2022 USD ($) item	Dec. 31, 2024	Jun. 28, 2024 USD ($)
Secured Debt [Member] | $300 Million Term Loan A [Member]
Schedule of Equity Method Investments [Line Items]
Face amount	$ 300
Ryman Hospitality Properties, Inc [Member]
Schedule of Equity Method Investments [Line Items]
Retained equity interest		99.30%
OEG Attractions Holdings, LLC
Schedule of Equity Method Investments [Line Items]
Number of board members | item	6
Number of board members designated by company | item	4
Number of board members designated by OEG Investor | item	2
Option to acquire maximum amount	$ 125
Percentage of outstanding common units	51%
Options and Rights term	7 years
Price multiplier	1.5
IPO payment cap (as percentage)	50%
OEG Attractions Holdings, LLC | $300 Million OEG Term Loan [Member]
Schedule of Equity Method Investments [Line Items]
Face amount			$ 300
OEG Attractions Holdings, LLC | Ryman Hospitality Properties, Inc [Member]
Schedule of Equity Method Investments [Line Items]
Retained equity interest	70%
Investor | OEG Attractions Holdings, LLC
Schedule of Equity Method Investments [Line Items]
Sale proceeds	$ 296
Investor | OEG Attractions Holdings, LLC | Noncontrolling Investor [Member]
Schedule of Equity Method Investments [Line Items]
Ownership percentage	30%

Description of the Business a_8

Description of the Business and Summary of Significant Accounting Policies - JW Marriott Hill Country Transaction (Details) $ in Thousands, shares in Millions			12 Months Ended
	Jun. 30, 2023 USD ($) a ft² item room shares	Jun. 22, 2023 USD ($)	Dec. 31, 2023 USD ($)
Asset Acquisition [Line Items]
Net proceeds	$ 395,000		$ 395,444
Shares issued | shares	4.4
$400 Million 7.25% Senior Notes
Asset Acquisition [Line Items]
Net proceeds of a private placement		$ 393,000
Aggregate principal amount	$ 400,000
Stated interest rate (as a percent)	7.25%
JW Marriott Hill Country
Asset Acquisition [Line Items]
Purchase price	$ 800,000
Area of Land | a	600
Number of hotel rooms | room	1,002
Area of indoor and outdoor meeting and event space | ft²	268,000
Number of 18-hole golf courses | item	2

Description of the Business a_9

Description of the Business and Summary of Significant Accounting Policies - JW Marriott Hill Country Transaction - Net assets acquired (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Asset Acquisition [Line Items]
Property and equipment	$ 4,124,382	$ 3,955,586
Cash and cash equivalents - unrestricted	477,694	591,833		$ 334,194
Cash and cash equivalents - restricted	98,534	108,608		$ 110,136
Trade receivables	94,184	110,029
Prepaid expenses and other assets	178,091	154,810
Intangible assets	116,376	124,287
Total assets	5,217,573	5,188,537
Accounts payable and accrued liabilities	(466,571)	(464,720)
Total liabilities assumed	$ (4,282,991)	$ (4,270,634)
JW Marriott Hill Country
Asset Acquisition [Line Items]
Property and equipment			$ 772,821
Cash and cash equivalents - unrestricted			12,690
Cash and cash equivalents - restricted			5,477
Trade receivables			14,743
Prepaid expenses and other assets			3,953
Intangible assets			25,097
Total assets			834,781
Accounts payable and accrued liabilities			(25,148)
Total liabilities assumed			(25,148)
Net assets acquired			$ 809,633

Description of the Business _10

Description of the Business and Summary of Significant Accounting Policies - Block 21 Transaction (Details) $ in Millions		12 Months Ended
	May 31, 2022 USD ($) ft² item room	Dec. 31, 2022 USD ($)
Business Acquisition [Line Items]
Acquisition-related expenses		$ 1.3
Block 21 [Member]
Business Acquisition [Line Items]
Stated purchase price	$ 260
Purchase price	255
Liabilities assumed	$ 136
Block 21 [Member] | ACL Live at Moody Theater [Member]
Business Acquisition [Line Items]
Seat capacity | item	2,750
Block 21 [Member] | W Austin Hotel [Member]
Business Acquisition [Line Items]
Number of hotel rooms | room	251
Block 21 [Member] | Class A Commercial Space [Member]
Business Acquisition [Line Items]
Net rentable area, commercial space | ft²	53,000

Description of the Business _11

Description of the Business and Summary of Significant Accounting Policies - Block 21 Transaction, Purchase Price Allocation (Details) - Block 21 [Member] $ in Thousands	May 31, 2022 USD ($)
Business Acquisition [Line Items]
Property and equipment	$ 237,159
Cash and cash equivalents - unrestricted	8,493
Cash and cash equivalents - restricted	12,450
Trade receivables	1,405
Prepaid expenses and other assets	1,085
Intangible assets	1,723
Total assets acquired	262,315
Debt	(132,531)
Accounts payable and accrued liabilities	(14,774)
Other liabilities	(75)
Total liabilities assumed	(147,380)
Net assets acquired	$ 114,935

Description of the Business _12

Description of the Business and Summary of Significant Accounting Policies - Estimated Useful Lives of Property and Equipment (Details)	Dec. 31, 2024
Building [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of property and equipment	40 years
Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of property and equipment	20 years
Furniture and Fixtures and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of property and equipment	5 years
Furniture and Fixtures and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of property and equipment	8 years
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives of property and equipment	us-gaap:UsefulLifeTermOfLeaseMember

Description of the Business _13

Description of the Business and Summary of Significant Accounting Policies - Cash Paid for Interest (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Interest Paid, Including Capitalized Interest, Operating and Investing Activities [Abstract]
Debt interest paid	$ 210,650	$ 183,479	$ 135,467
Capitalized interest	(7,560)	(2,483)	(183)
Cash paid for interest, net of capitalized interest	$ 203,090	$ 180,996	$ 135,284

Description of the Business _14

Description of the Business and Summary of Significant Accounting Policies - Cash Paid for Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Taxes Paid, Net [Abstract]
Net cash payments of income taxes	$ 3	$ 6.5	$ 27

Description of the Business _15

Description of the Business and Summary of Significant Accounting Policies - Prepaid Expense and Other Assets & Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Prepaid Expense and Other Assets [Abstract]
Prepaid expenses	$ 26,872	$ 22,458
Supplemental deferred compensation plan assets	37,440	33,073
Tax rebate receivables	34,780	34,324
Inventories	16,134	14,007
Right-of-use assets for operating leases	$ 22,079	$ 18,134
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Total prepaid expenses and other assets	Total prepaid expenses and other assets
Deferred financing costs on revolving credit facilities	$ 51,484	$ 38,309
Other	34,624	24,394
Total prepaid expenses and other assets	178,091	154,810
Intangible Assets
Gross carrying amount of intangible assets	274,900	279,800
Accumulated amortization of intangible assets	158,500	155,600
Amortization expenses	7,800	6,800	$ 22,700
2025	7,694
2026	7,456
2027	5,458
2028	5,329
2029	5,329
Estimated amount of amortization expenses	$ 31,266
Gaylord Rockies [Member]
Prepaid Expense and Other Assets [Abstract]
Rebates earned		52,800	$ 38,400
Gaylord Rockies [Member] | Advanced Bookings [Member]
Intangible Assets
Useful life (in years)	3 years 6 months
Estimated amount of amortization expenses	$ 125,500
Gaylord Rockies [Member] | Trade Names [Member]
Intangible Assets
Useful life (in years)	30 years
Estimated amount of amortization expenses	$ 115,300
Gaylord Rockies [Member]
Prepaid Expense and Other Assets [Abstract]
Rebates earned	$ 52,200
Gaylord Rockies [Member] | Minimum [Member]
Prepaid Expense and Other Assets [Abstract]
Rebate agreement term	25 years
Gaylord Rockies [Member] | Maximum [Member]
Prepaid Expense and Other Assets [Abstract]
Rebate agreement term	33 years
Revolving Credit Facility [Member]
Prepaid Expense and Other Assets [Abstract]
Deferred financing costs on revolving credit facilities	$ 6,162	$ 8,420

Description of the Business _16

Description of the Business and Summary of Significant Accounting Policies - Accounts Payable and Accrued Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Accounts Payable and Accrued Liabilities [Abstract]
Trade accounts payable	$ 58,366	$ 57,030
Property and other taxes payable	91,941	90,558
Deferred revenues	173,029	159,762
Accrued salaries and benefits	45,780	57,502
Interest payable	48,415	39,870
Other accrued liabilities	49,040	59,998
Total accounts payable and accrued liabilities	$ 466,571	$ 464,720

Description of the Business _17

Description of the Business and Summary of Significant Accounting Policies - Other Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Other Liabilities [Abstract]
Pension and postretirement benefits liability	$ 12,649	$ 17,404
Deferred compensation liability	37,440	33,073
Derivative liabilities	386	1,322
Other	16,330	14,859
Total other liabilities	$ 66,805	$ 66,658

Description of the Business _18

Description of the Business and Summary of Significant Accounting Policies - Deferred Financing Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Interest Expense, Debt [Abstract]
Amortization of deferred financing costs	$ 10,655	$ 10,663	$ 9,829

Description of the Business _19

Description of the Business and Summary of Significant Accounting Policies - Noncontrolling Interest (Details)	12 Months Ended
	Dec. 31, 2024 shares
Schedule of Equity Method Investments [Line Items]
Redemption of Operating Partnership Units into Company's common stock (in shares)	1
Outstanding Operating Partnership Units	400,000
Noncontrolling Limited Partners [Member]
Schedule of Equity Method Investments [Line Items]
Percentage of outstanding Operating Partnership Units held by the noncontrolling limited partners	0.70%
Ryman Hospitality Properties, Inc [Member]
Schedule of Equity Method Investments [Line Items]
Percentage of outstanding Operating Partnership Units held by the company	99.30%

Description of the Business _20

Description of the Business and Summary of Significant Accounting Policies - Revenues Disaggregated by Major Source (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Total revenues	$ 2,339,226	$ 2,158,136	$ 1,805,969
Occupancy [Member]
Disaggregation of Revenue [Line Items]
Total revenues	744,587	701,138	595,544
Hotel Group Rooms [Member]
Disaggregation of Revenue [Line Items]
Total revenues	509,014	462,674	364,835
Hotel Transient Rooms [Member]
Disaggregation of Revenue [Line Items]
Total revenues	235,573	238,464	230,709
Food and Beverage [Member]
Disaggregation of Revenue [Line Items]
Total revenues	940,827	831,796	667,009
Hotel Food And Beverage Banquets [Member]
Disaggregation of Revenue [Line Items]
Total revenues	666,525	569,803	440,364
Hotel Food And Beverage Outlets [Member]
Disaggregation of Revenue [Line Items]
Total revenues	274,302	261,993	226,645
Hotel, Other [Member]
Disaggregation of Revenue [Line Items]
Total revenues	311,636	300,544	275,421
Entertainment [Member]
Disaggregation of Revenue [Line Items]
Total revenues	342,176	324,658	267,995
Entertainment Admissions And Ticketing [Member]
Disaggregation of Revenue [Line Items]
Total revenues	126,897	124,647	107,377
Entertainment Food And Beverage [Member]
Disaggregation of Revenue [Line Items]
Total revenues	125,862	107,335	89,931
Entertainment Retail And Other [Member]
Disaggregation of Revenue [Line Items]
Total revenues	$ 89,417	$ 92,676	$ 70,687

Description of the Business _21

Description of the Business and Summary of Significant Accounting Policies - Revenues Disaggregated by Location (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Disaggregation of Revenue [Line Items]
Total revenues	$ 2,339,226	$ 2,158,136	$ 1,805,969
Gaylord Opryland [Member]
Disaggregation of Revenue [Line Items]
Total revenues	495,552	474,884	424,188
Gaylord Palms [Member]
Disaggregation of Revenue [Line Items]
Total revenues	302,371	309,616	279,578
Gaylord Texan [Member]
Disaggregation of Revenue [Line Items]
Total revenues	351,151	358,399	307,318
Gaylord National [Member]
Disaggregation of Revenue [Line Items]
Total revenues	311,330	307,139	249,849
Gaylord Rockies [Member]
Disaggregation of Revenue [Line Items]
Total revenues	290,141	266,737	253,326
JW Marriott Hill Country [Member]
Disaggregation of Revenue [Line Items]
Total revenues	220,524	92,813
AC Hotel [Member]
Disaggregation of Revenue [Line Items]
Total revenues	12,647	11,997	10,419
Inn at Opryland [Member]
Disaggregation of Revenue [Line Items]
Total revenues	13,334	11,893	13,296
Hospitality [Member]
Disaggregation of Revenue [Line Items]
Total revenues	$ 1,997,050	$ 1,833,478	$ 1,537,974

Description of the Business _22

Description of the Business and Summary of Significant Accounting Policies - Revenues Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2024
Contract with Customer, Liability [Abstract]
Deferred revenues	$ 159,762	$ 173,029
Change in Contract with Customer, Liability [Abstract]
Revenue recognized	$ 117,500

Description of the Business _23

Description of the Business and Summary of Significant Accounting Policies - Management Fees (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Business Acquisition [Line Items]
Base management fee (as a percent)	2%
Total base management fee	$ 48	$ 42.8	$ 35.1
Incentive fees	$ 30	$ 28.5	$ 13.5
Gaylord Rockies [Member]
Business Acquisition [Line Items]
Base management fee (as a percent)	3%
JW Marriott Hill Country [Member]
Business Acquisition [Line Items]
Base management fee (as a percent)	3.50%

Description of the Business _24

Description of the Business and Summary of Significant Accounting Policies - Advertising Costs, Derivative Financial Instruments and Asset Impairment (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Marketing and Advertising Expense [Abstract]
Advertising costs	$ 71.4	$ 65	$ 55.1
Asset Impairment Charges [Abstract]
Impairment losses	0	$ 0	$ 0
Interest Expense [Member] | Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Estimated reclassification from AOCI to interest expense	$ (0.4)

Description of the Business _25

Description of the Business and Summary of Significant Accounting Policies - Income Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Net Income (Loss) Available to Common Stockholders, Diluted [Abstract]
Net income available to common stockholders	$ 271,638	$ 311,217	$ 128,993
Net income attributable to noncontrolling interest in consolidated joint venture	6,760
Net income available to common shareholders - if-converted method	$ 278,398	$ 311,217	$ 128,993
Weighted Average Number of Shares Outstanding, Diluted [Abstract]
Weighted average shares outstanding - basic (in shares)	59,859	57,750	55,140
Effect of dilutive stock-based compensation (in shares)	281	311	237
Effect of dilutive put rights (in shares)	3,492
Weighted average shares outstanding - diluted (in shares)	63,632	58,061	55,377
Earnings Per Share, Diluted [Abstract]
Net income, per share (in dollars per share)	$ 4.54	$ 5.39	$ 2.34
Net income, per share - assuming dilution (in dollars per share)	$ 4.38	$ 5.36	$ 2.33
Put rights
Earnings Per Share, Diluted [Abstract]
Anti-dilutive securities excluded from EPS computation	4,200	1,900

Property and Equipment (Details

Property and Equipment (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Property, Plant and Equipment [Line Items]
Right-of-use finance lease assets	$ 1,017	$ 1,793
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Property and equipment, net	Property and equipment, net
Property and equipment, gross	$ 6,648,662	$ 6,265,287
Accumulated depreciation and amortization	(2,524,280)	(2,309,701)
Property and equipment, net	4,124,382	3,955,586
Land and land improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	613,870	605,500
Buildings [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	4,593,839	4,396,302
Furniture, fixtures and equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	1,329,039	1,138,769
Construction in progress [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 110,897	$ 122,923

Property and Equipment - Deprec

Property and Equipment - Depreciation Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Depreciation, Depletion and Amortization [Abstract]
Depreciation expense, including amortization of assets under finance lease obligations	$ 226.8	$ 203.3	$ 184.7

Property and Equipment - Additi

Property and Equipment - Additional Information (Details)	1 Months Ended
	Jun. 30, 2017 USD ($)
Property and Equipment
Property tax abatement, period	8 years
Amounts in industrial revenue bond exchanged for property tax abatement	$ 650,000,000
Cash exchanged for property tax abatement	$ 0
Industrial revenue bond maturity period	9 years

Notes Receivable - General Info

Notes Receivable - General Information (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Apr. 30, 2008	Dec. 31, 2024	Dec. 31, 2017	Dec. 31, 2023
Accounts, Notes, Loans and Financing Receivable [Line Items]
Aggregate carrying values		$ 57,801		$ 61,760
Bonds A Series [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Bond issued, face value		$ 95,000
Interest rates on bonds (as a percent)		8%
Maturity date of notes receivable		Jul. 01, 2034
Effective interest rates on bonds (as a percent)	8.04%
Present value of future debt service payments discounted	$ 93,800
Bonds B Series [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Bond issued, face value		$ 50,000
Interest rates on bonds (as a percent)		10%
Maturity date of notes receivable		Sep. 01, 2037
Effective interest rates on bonds (as a percent)	11.42%
Present value of future debt service payments discounted	$ 38,300
Less portion recognized in other comprehensive income			$ 6,500
Bonds A and B Series [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Aggregate carrying values		$ 57,800		61,800
Credit loss reserve		$ 38,000		$ 38,000

Notes Receivable - Interest Inc

Notes Receivable - Interest Income and Payment Received (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest income	$ 27,977	$ 21,423	$ 5,750
Payment received relating to notes receivables	4,060	5,903	3,718
Notes Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Interest income	4,600	4,900	5,300
Payment received relating to notes receivables	$ 8,800	$ 11,000	$ 9,100

Debt - Debt and Capital Lease O

Debt - Debt and Capital Lease Obligations (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 19, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Finance lease obligations	$ 55		$ 138
Unamortized deferred financing costs	(51,484)		(38,309)
Unamortized discounts and premiums, net	(12,183)		(14,172)
Total debt	3,378,396		3,377,028
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Unamortized deferred financing costs	(6,162)		(8,420)
Line of Credit [Member] | Revolving Credit Facility [Member] | $80M OEG Revolver [Member]
Debt Instrument [Line Items]
Line of credit	21,000		5,000
Secured Debt [Member] | $500 Million Term Loan B [Member]
Debt Instrument [Line Items]
Secured debt	292,791	$ 293,500	496,250
Secured Debt [Member] | $800M Gaylord Rockies Term Loan [Member]
Debt Instrument [Line Items]
Secured debt			800,000
Secured Debt [Member] | $300 Million OEG Term Loan [Member]
Debt Instrument [Line Items]
Secured debt	299,250		296,250
Secured Debt [Member] | Block 21 CMBS Loan [Member]
Debt Instrument [Line Items]
Secured debt	128,967		131,871
Senior Notes [Member] | $400 Million 7.25% Senior Notes [Member]
Debt Instrument [Line Items]
Unsecured debt	400,000		400,000
Senior Notes [Member] | $600 Million 4.50% Senior Notes [Member]
Debt Instrument [Line Items]
Unsecured debt	600,000		600,000
Senior Notes [Member] | $700 Million 4.75% Senior Notes [Member]
Debt Instrument [Line Items]
Unsecured debt	700,000		$ 700,000
Senior Notes [Member] | $1 Billion 6.50% Senior Notes [Member]
Debt Instrument [Line Items]
Unsecured debt	$ 1,000,000

Debt - Annual Maturities of Lon

Debt - Annual Maturities of Long-Term Debt Excluding Capital Lease Obligations (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Mar. 28, 2024	Jun. 22, 2023	Dec. 31, 2022	May 31, 2022	Feb. 17, 2021	Oct. 31, 2019	Sep. 30, 2019	Jul. 31, 2019
Long-Term Debt, Fiscal Year Maturity [Abstract]
2025	$ 9,029
2026	131,808
2027	705,935
2028	405,935
2029	626,935
Years thereafter	1,562,366
Total	3,442,008
$400 Million 7.25% Senior Notes [Member]
Long-Term Debt, Fiscal Year Maturity [Abstract]
Stated interest rate (as a percent)			7.25%
Line of Credit [Member] | $80M OEG Revolver [Member]
Long-Term Debt, Fiscal Year Maturity [Abstract]
2029	21,000
Total	21,000
Maximum borrowing capacity	80,000
Line of Credit [Member] | Revolving Credit Facility [Member] | $700 Million Revolving Credit Facility [Member]
Long-Term Debt, Fiscal Year Maturity [Abstract]
Maximum borrowing capacity	700,000
Secured Debt [Member] | $500 Million Term Loan B [Member]
Long-Term Debt, Fiscal Year Maturity [Abstract]
2025	2,935
2026	2,935
2027	2,935
2028	2,935
2029	2,935
Years thereafter	278,116
Total	292,791
Face amount	500,000	$ 295,000
Secured Debt [Member] | $800M Gaylord Rockies Term Loan [Member]
Long-Term Debt, Fiscal Year Maturity [Abstract]
Face amount	800,000	800,000							$ 800,000
Secured Debt [Member] | $300 Million OEG Term Loan [Member]
Long-Term Debt, Fiscal Year Maturity [Abstract]
2025	3,000
2026	3,000
2027	3,000
2028	3,000
2029	3,000
Years thereafter	284,250
Total	299,250
Secured Debt [Member] | Block 21 CMBS Loan [Member]
Long-Term Debt, Fiscal Year Maturity [Abstract]
2025	3,094
2026	125,873
Total	128,967
Face amount					$ 136,000
Stated interest rate (as a percent)				5.58%
Senior Notes [Member] | $400 Million 7.25% Senior Notes [Member]
Long-Term Debt, Fiscal Year Maturity [Abstract]
2028	400,000
Total	400,000
Face amount	$ 400,000	$ 400,000	$ 400,000					$ 400,000
Stated interest rate (as a percent)	7.25%	7.25%	7.25%					7.25%
Senior Notes [Member] | $600 Million 4.50% Senior Notes [Member]
Long-Term Debt, Fiscal Year Maturity [Abstract]
2029	$ 600,000
Total	600,000
Face amount	$ 600,000	$ 600,000	$ 600,000			$ 600,000		$ 600,000
Stated interest rate (as a percent)	4.50%	4.50%	4.50%			4.50%		4.50%
Senior Notes [Member] | One Billion Six Point Five Percent Senior Note [Member]
Long-Term Debt, Fiscal Year Maturity [Abstract]
Years thereafter	$ 1,000,000
Total	1,000,000
Face amount	$ 1,000,000	$ 1,000,000	$ 1,000,000					$ 1,000,000
Stated interest rate (as a percent)	6.50%	6.50%	6.50%					6.50%
Senior Notes [Member] | $700 Million 4.75% Senior Notes [Member]
Long-Term Debt, Fiscal Year Maturity [Abstract]
2027	$ 700,000
Total	700,000
Face amount	$ 700,000	$ 700,000	$ 700,000				$ 700,000
Stated interest rate (as a percent)	4.75%	4.75%	4.75%				4.75%

Debt - Credit Facility (Details

Debt - Credit Facility (Details) - USD ($) $ in Thousands			12 Months Ended
	Mar. 28, 2024	May 18, 2023	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
$500 Million Term Loan B [Member]
Debt Instrument [Line Items]
Repayment of loan			$ 222,320	$ 378,750	$ 5,000
Line of Credit [Member] | Revolving Credit Facility [Member] | $700 Million Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity			700,000
Aggregate amount			475,000
Secured Debt [Member] | $500 Million Term Loan B [Member]
Debt Instrument [Line Items]
Face amount	$ 295,000		$ 500,000
Repayment of loan	$ 200,000	$ 370,000

Debt - 700 Million Revolving Cr

Debt - 700 Million Revolving Credit Facility (Details) - USD ($) $ in Millions			12 Months Ended
	Dec. 19, 2024	Apr. 12, 2024	Dec. 31, 2024
Line of Credit Facility [Line Items]
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
$700 Million Revolving Credit Facility [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Spread rate (as a percent)			0.40%
$700 Million Revolving Credit Facility [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Spread rate (as a percent)			1%
Line of Credit [Member] | $700 Million Revolving Credit Facility [Member] | Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Maximum borrowing capacity			$ 700
Credit facility, maturity date			May 18, 2027
Line of Credit [Member] | $700 Million Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Spread rate (as a percent)			1.40%
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]			Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Line of Credit [Member] | $700 Million Revolving Credit Facility [Member] | Revolving Credit Facility [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Spread rate (as a percent)			2%
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]			Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Secured Debt [Member] | $700 Million Revolving Credit Facility [Member] | Minimum [Member]
Line of Credit Facility [Line Items]
Spread rate (as a percent)			1.40%
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]			Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Secured Debt [Member] | $700 Million Revolving Credit Facility [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Spread rate (as a percent)			2%
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]			Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]

Debt - Term Loan B (Details)

Debt - Term Loan B (Details) - USD ($) $ in Thousands			12 Months Ended
	Dec. 19, 2024	Apr. 12, 2024	Dec. 31, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
$500 Million Term Loan B [Member]
Debt Instrument [Line Items]
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]			Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
$500 Million Term Loan B [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Debt Instrument [Line Items]
Spread rate (as a percent)			2.75%
$500 Million Term Loan B [Member] | Base Rate Member
Debt Instrument [Line Items]
Spread rate (as a percent)			1.75%
Secured Debt [Member] | $500 Million Term Loan B [Member]
Debt Instrument [Line Items]
Spread rate (as a percent)			2%
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]			Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Percentage of amortization of original principal balance (as a percent)			1%
Secured debt	$ 293,500		$ 292,791	$ 496,250
Secured Debt [Member] | $500 Million Term Loan B [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Debt Instrument [Line Items]
Floor rate			0%
Secured Debt [Member] | First Incremental Tranche B Term Loan [Member]
Debt Instrument [Line Items]
Spread rate (as a percent)		2.25%
Secured Debt [Member] | First Incremental Tranche B Term Loan [Member] | Base Rate Member
Debt Instrument [Line Items]
Spread rate (as a percent)		1.25%
Secured Debt [Member] | Second Incremental Tranche B Term Loan [Member]
Debt Instrument [Line Items]
Spread rate (as a percent)	2%
Interest rate margin reduced (as a percent)	0.25%
Secured Debt [Member] | Second Incremental Tranche B Term Loan [Member] | Base Rate Member
Debt Instrument [Line Items]
Spread rate (as a percent)	1%

Debt - 1 Billion Senior Notes (

Debt - 1 Billion Senior Notes (Details) - USD ($) $ in Thousands					1 Months Ended		12 Months Ended
	Mar. 28, 2024	Jun. 22, 2023	May 18, 2023	Feb. 17, 2021	Oct. 31, 2019	Jul. 31, 2019	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Sep. 30, 2019
$400 Million 7.25% Senior Notes [Member]
Debt Instrument [Line Items]
Stated interest rate (as a percent)		7.25%
$800M Gaylord Rockies Term Loan [Member]
Debt Instrument [Line Items]
Debt instrument, maturity date						Jul. 02, 2024
Repayment of loan							$ 800,000
$500 Million Term Loan B [Member]
Debt Instrument [Line Items]
Repayment of loan							222,320	$ 378,750	$ 5,000
Senior Notes [Member] | $400 Million 7.25% Senior Notes [Member]
Debt Instrument [Line Items]
Face amount	$ 400,000	$ 400,000					$ 400,000			$ 400,000
Stated interest rate (as a percent)	7.25%	7.25%					7.25%			7.25%
Debt instrument, maturity date		Jul. 15, 2028
Redemption price (as a percent)		100%
Net proceeds		$ 393,000
Senior Notes [Member] | $400 Million 7.25% Senior Notes [Member] | Redemption Period One [Member]
Debt Instrument [Line Items]
Redemption price (as a percent)		103.625%
Senior Notes [Member] | $400 Million 7.25% Senior Notes [Member] | Redemption Period Two [Member]
Debt Instrument [Line Items]
Redemption price (as a percent)		101.813%
Senior Notes [Member] | $400 Million 7.25% Senior Notes [Member] | Redemption Period Three [Member]
Debt Instrument [Line Items]
Redemption price (as a percent)		100%
Senior Notes [Member] | $600 Million 4.50% Senior Notes [Member]
Debt Instrument [Line Items]
Face amount	$ 600,000	$ 600,000		$ 600,000			$ 600,000			$ 600,000
Stated interest rate (as a percent)	4.50%	4.50%		4.50%			4.50%			4.50%
Debt instrument, maturity date				Feb. 15, 2029
Senior Notes [Member] | $600 Million 4.50% Senior Notes [Member] | Redemption Period Two [Member]
Debt Instrument [Line Items]
Redemption price (as a percent)				101.50%
Senior Notes [Member] | $600 Million 4.50% Senior Notes [Member] | Redemption Period Three [Member]
Debt Instrument [Line Items]
Redemption price (as a percent)				100.75%
Senior Notes [Member] | $700 Million 4.75% Senior Notes [Member]
Debt Instrument [Line Items]
Face amount	$ 700,000	$ 700,000			$ 700,000		$ 700,000
Stated interest rate (as a percent)	4.75%	4.75%			4.75%		4.75%
Senior Notes [Member] | $700 Million 4.75% Senior Notes [Member] | Redemption Period Three [Member]
Debt Instrument [Line Items]
Redemption price (as a percent)					101.188%
Senior Notes [Member] | $1 Billion 6.50% Senior Notes [Member]
Debt Instrument [Line Items]
Face amount	$ 1,000,000	$ 1,000,000					$ 1,000,000			$ 1,000,000
Stated interest rate (as a percent)	6.50%	6.50%					6.50%			6.50%
Redemption price (as a percent)	100%
Net proceeds	$ 983,000
Senior Notes [Member] | $1 Billion 6.50% Senior Notes [Member] | Redemption Period One [Member]
Debt Instrument [Line Items]
Redemption price (as a percent)	103.25%
Senior Notes [Member] | $1 Billion 6.50% Senior Notes [Member] | Redemption Period Two [Member]
Debt Instrument [Line Items]
Redemption price (as a percent)	101.625%
Senior Notes [Member] | $1 Billion 6.50% Senior Notes [Member] | Redemption Period Three [Member]
Debt Instrument [Line Items]
Redemption price (as a percent)	100%
Secured Debt [Member] | $800M Gaylord Rockies Term Loan [Member]
Debt Instrument [Line Items]
Face amount	$ 800,000					$ 800,000	$ 800,000
Secured Debt [Member] | $500 Million Term Loan B [Member]
Debt Instrument [Line Items]
Face amount	295,000						$ 500,000
Debt instrument, maturity date							May 18, 2030
Repayment of loan	$ 200,000		$ 370,000

Debt - 700 Million 4.75 Senior

Debt - 700 Million 4.75 Senior Notes (Details) - USD ($) $ in Millions				1 Months Ended
	Mar. 28, 2024	Jun. 22, 2023	Feb. 17, 2021	Oct. 31, 2019	Sep. 30, 2019	Dec. 31, 2024
$400 Million 7.25% Senior Notes [Member]
Debt Instrument [Line Items]
Stated interest rate (as a percent)		7.25%
Senior Notes [Member] | $200 Million 4.75% Senior Notes
Debt Instrument [Line Items]
Face amount				$ 200
Stated interest rate (as a percent)				4.75%
Issue price percentage				101.25%
Senior Notes [Member] | $500 Million 4.75% Senior Notes
Debt Instrument [Line Items]
Face amount				$ 500	$ 500
Debt instrument, maturity date					Oct. 15, 2027
Stated interest rate (as a percent)				4.75%	4.75%
Senior Notes [Member] | $700 Million 4.75% Senior Notes [Member]
Debt Instrument [Line Items]
Face amount	$ 700	$ 700		$ 700		$ 700
Stated interest rate (as a percent)	4.75%	4.75%		4.75%		4.75%
Senior Notes [Member] | $700 Million 4.75% Senior Notes [Member] | Debt Instrument, Redemption, Period Three [Member]
Debt Instrument [Line Items]
Redemption price (as a percent)				101.188%
Senior Notes [Member] | $700 Million 4.75% Senior Notes [Member] | Debt Instrument, Redemption, Period Four [Member]
Debt Instrument [Line Items]
Redemption price (as a percent)				100%
Senior Notes [Member] | One Billion Six Point Five Percent Senior Note [Member]
Debt Instrument [Line Items]
Face amount	$ 1,000	$ 1,000			$ 1,000	$ 1,000
Stated interest rate (as a percent)	6.50%	6.50%			6.50%	6.50%
Redemption price (as a percent)	100%
Senior Notes [Member] | One Billion Six Point Five Percent Senior Note [Member] | Debt Instrument, Redemption, Period One [Member]
Debt Instrument [Line Items]
Redemption price (as a percent)	103.25%
Senior Notes [Member] | One Billion Six Point Five Percent Senior Note [Member] | Debt Instrument, Redemption, Period Two [Member]
Debt Instrument [Line Items]
Redemption price (as a percent)	101.625%
Senior Notes [Member] | One Billion Six Point Five Percent Senior Note [Member] | Debt Instrument, Redemption, Period Three [Member]
Debt Instrument [Line Items]
Redemption price (as a percent)	100%
Senior Notes [Member] | $600 Million 4.50% Senior Notes [Member]
Debt Instrument [Line Items]
Face amount	$ 600	$ 600	$ 600		$ 600	$ 600
Debt instrument, maturity date			Feb. 15, 2029
Stated interest rate (as a percent)	4.50%	4.50%	4.50%		4.50%	4.50%
Senior Notes [Member] | $600 Million 4.50% Senior Notes [Member] | Debt Instrument, Redemption, Period Two [Member]
Debt Instrument [Line Items]
Redemption price (as a percent)			101.50%
Senior Notes [Member] | $600 Million 4.50% Senior Notes [Member] | Debt Instrument, Redemption, Period Three [Member]
Debt Instrument [Line Items]
Redemption price (as a percent)			100.75%
Senior Notes [Member] | $600 Million 4.50% Senior Notes [Member] | Debt Instrument, Redemption, Period Four [Member]
Debt Instrument [Line Items]
Redemption price (as a percent)			100%
Senior Notes [Member] | $400 Million 7.25% Senior Notes [Member]
Debt Instrument [Line Items]
Face amount	$ 400	$ 400			$ 400	$ 400
Debt instrument, maturity date		Jul. 15, 2028
Stated interest rate (as a percent)	7.25%	7.25%			7.25%	7.25%
Redemption price (as a percent)		100%
Senior Notes [Member] | $400 Million 7.25% Senior Notes [Member] | Debt Instrument, Redemption, Period One [Member]
Debt Instrument [Line Items]
Redemption price (as a percent)		103.625%
Senior Notes [Member] | $400 Million 7.25% Senior Notes [Member] | Debt Instrument, Redemption, Period Two [Member]
Debt Instrument [Line Items]
Redemption price (as a percent)		101.813%
Senior Notes [Member] | $400 Million 7.25% Senior Notes [Member] | Debt Instrument, Redemption, Period Three [Member]
Debt Instrument [Line Items]
Redemption price (as a percent)		100%

Debt - 600 Million 4.50 Senior

Debt - 600 Million 4.50 Senior Notes (Details) - USD ($) $ in Millions				1 Months Ended
	Mar. 28, 2024	Jun. 22, 2023	Feb. 17, 2021	Oct. 31, 2019	Dec. 31, 2024	Jun. 30, 2023	Sep. 30, 2019
$400 Million 7.25% Senior Notes
Debt Instrument [Line Items]
Face amount						$ 400
Stated interest rate (as a percent)						7.25%
Proceeds from Issuance of Debt		$ 393
Senior Notes [Member] | $600 Million 4.50% Senior Notes [Member]
Debt Instrument [Line Items]
Face amount	$ 600	$ 600	$ 600		$ 600		$ 600
Debt instrument, maturity date			Feb. 15, 2029
Stated interest rate (as a percent)	4.50%	4.50%	4.50%		4.50%		4.50%
Senior Notes [Member] | $600 Million 4.50% Senior Notes [Member] | Debt Instrument, Redemption, Period Two [Member]
Debt Instrument [Line Items]
Redemption price (as a percent)			101.50%
Senior Notes [Member] | $600 Million 4.50% Senior Notes [Member] | Debt Instrument, Redemption, Period Three [Member]
Debt Instrument [Line Items]
Redemption price (as a percent)			100.75%
Senior Notes [Member] | $600 Million 4.50% Senior Notes [Member] | Debt Instrument, Redemption, Period Four [Member]
Debt Instrument [Line Items]
Redemption price (as a percent)			100%
Senior Notes [Member] | $700 Million 4.75% Senior Notes [Member]
Debt Instrument [Line Items]
Face amount	$ 700	$ 700		$ 700	$ 700
Stated interest rate (as a percent)	4.75%	4.75%		4.75%	4.75%
Senior Notes [Member] | $700 Million 4.75% Senior Notes [Member] | Debt Instrument, Redemption, Period Three [Member]
Debt Instrument [Line Items]
Redemption price (as a percent)				101.188%
Senior Notes [Member] | $700 Million 4.75% Senior Notes [Member] | Debt Instrument, Redemption, Period Four [Member]
Debt Instrument [Line Items]
Redemption price (as a percent)				100%
Senior Notes [Member] | One Billion Six Point Five Percent Senior Note [Member]
Debt Instrument [Line Items]
Face amount	$ 1,000	$ 1,000			$ 1,000		$ 1,000
Stated interest rate (as a percent)	6.50%	6.50%			6.50%		6.50%
Redemption price (as a percent)	100%
Proceeds from Issuance of Debt	$ 983
Senior Notes [Member] | One Billion Six Point Five Percent Senior Note [Member] | Debt Instrument, Redemption, Period One [Member]
Debt Instrument [Line Items]
Redemption price (as a percent)	103.25%
Senior Notes [Member] | One Billion Six Point Five Percent Senior Note [Member] | Debt Instrument, Redemption, Period Two [Member]
Debt Instrument [Line Items]
Redemption price (as a percent)	101.625%
Senior Notes [Member] | One Billion Six Point Five Percent Senior Note [Member] | Debt Instrument, Redemption, Period Three [Member]
Debt Instrument [Line Items]
Redemption price (as a percent)	100%
Senior Notes [Member] | $400 Million 7.25% Senior Notes
Debt Instrument [Line Items]
Face amount					$ 400
Stated interest rate (as a percent)					7.25%

Debt - 400 Million 7.25 Senior

Debt - 400 Million 7.25 Senior Notes (Details) - USD ($) $ in Millions				1 Months Ended
	Mar. 28, 2024	Jun. 22, 2023	Feb. 17, 2021	Oct. 31, 2019	Jul. 31, 2019	Dec. 31, 2024	Sep. 30, 2019
$400 Million 7.25% Senior Notes [Member]
Debt Instrument [Line Items]
Stated interest rate (as a percent)		7.25%
$800M Gaylord Rockies Term Loan [Member]
Debt Instrument [Line Items]
Debt instrument, maturity date					Jul. 02, 2024
Senior Notes [Member] | $400 Million 7.25% Senior Notes [Member]
Debt Instrument [Line Items]
Face amount	$ 400	$ 400				$ 400	$ 400
Stated interest rate (as a percent)	7.25%	7.25%				7.25%	7.25%
Debt instrument, maturity date		Jul. 15, 2028
Redemption price (as a percent)		100%
Net proceeds		$ 393
Senior Notes [Member] | $400 Million 7.25% Senior Notes [Member] | Debt Instrument, Redemption, Period One [Member]
Debt Instrument [Line Items]
Redemption price (as a percent)		103.625%
Senior Notes [Member] | $400 Million 7.25% Senior Notes [Member] | Debt Instrument, Redemption, Period Two [Member]
Debt Instrument [Line Items]
Redemption price (as a percent)		101.813%
Senior Notes [Member] | $400 Million 7.25% Senior Notes [Member] | Debt Instrument, Redemption, Period Three [Member]
Debt Instrument [Line Items]
Redemption price (as a percent)		100%
Senior Notes [Member] | $600 Million 4.50% Senior Notes [Member]
Debt Instrument [Line Items]
Face amount	$ 600	$ 600	$ 600			$ 600	$ 600
Stated interest rate (as a percent)	4.50%	4.50%	4.50%			4.50%	4.50%
Debt instrument, maturity date			Feb. 15, 2029
Senior Notes [Member] | $600 Million 4.50% Senior Notes [Member] | Debt Instrument, Redemption, Period Two [Member]
Debt Instrument [Line Items]
Redemption price (as a percent)			101.50%
Senior Notes [Member] | $600 Million 4.50% Senior Notes [Member] | Debt Instrument, Redemption, Period Three [Member]
Debt Instrument [Line Items]
Redemption price (as a percent)			100.75%
Senior Notes [Member] | $700 Million 4.75% Senior Notes [Member]
Debt Instrument [Line Items]
Face amount	$ 700	$ 700		$ 700		$ 700
Stated interest rate (as a percent)	4.75%	4.75%		4.75%		4.75%
Senior Notes [Member] | $700 Million 4.75% Senior Notes [Member] | Debt Instrument, Redemption, Period Three [Member]
Debt Instrument [Line Items]
Redemption price (as a percent)				101.188%
Senior Notes [Member] | One Billion Six Point Five Percent Senior Note [Member]
Debt Instrument [Line Items]
Face amount	$ 1,000	$ 1,000				$ 1,000	$ 1,000
Stated interest rate (as a percent)	6.50%	6.50%				6.50%	6.50%
Redemption price (as a percent)	100%
Net proceeds	$ 983
Senior Notes [Member] | One Billion Six Point Five Percent Senior Note [Member] | Debt Instrument, Redemption, Period One [Member]
Debt Instrument [Line Items]
Redemption price (as a percent)	103.25%
Senior Notes [Member] | One Billion Six Point Five Percent Senior Note [Member] | Debt Instrument, Redemption, Period Two [Member]
Debt Instrument [Line Items]
Redemption price (as a percent)	101.625%
Senior Notes [Member] | One Billion Six Point Five Percent Senior Note [Member] | Debt Instrument, Redemption, Period Three [Member]
Debt Instrument [Line Items]
Redemption price (as a percent)	100%
Secured Debt [Member] | $800M Gaylord Rockies Term Loan [Member]
Debt Instrument [Line Items]
Face amount	$ 800				$ 800	$ 800

Debt - 800 Million Gaylord Rock

Debt - 800 Million Gaylord Rockies Term Loan (Details) $ in Millions			1 Months Ended	12 Months Ended
	Dec. 19, 2024	Apr. 12, 2024	Jul. 31, 2019 USD ($) item	Dec. 31, 2024 USD ($)	Dec. 31, 2023	Mar. 28, 2024 USD ($)	Jun. 22, 2023 USD ($)	Sep. 30, 2019 USD ($)
Debt Instrument [Line Items]
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
$800M Gaylord Rockies Term Loan [Member]
Debt Instrument [Line Items]
Debt instrument, maturity date			Jul. 02, 2024
Number of options | item			2
Extended term			1 year
Spread rate (as a percent)					2.50%
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]				Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Interest rate (as a percent)					5.2105%
$800M Gaylord Rockies Term Loan [Member] | Secured Debt [Member]
Debt Instrument [Line Items]
Face amount			$ 800	$ 800		$ 800
One Billion Six Point Five Percent Senior Note [Member] | Senior Notes [Member]
Debt Instrument [Line Items]
Face amount				$ 1,000		$ 1,000	$ 1,000	$ 1,000
Stated interest rate (as a percent)				6.50%		6.50%	6.50%	6.50%

Debt - OEG Credit Agreement (De

Debt - OEG Credit Agreement (Details) - USD ($) $ in Millions				12 Months Ended
	Dec. 19, 2024	Jun. 28, 2024	Apr. 12, 2024	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]	SOFR Member		SOFR Member
$300 Million OEG Term Loan [Member] | Interest Rate Swap [Member] | Cash Flow Hedging [Member] | Derivative Instrument OEG Term Loan Maturing on December 18, 2025 [Member]
Debt Instrument [Line Items]
Investment, Variable Interest Rate, Type [Extensible Enumeration]				SOFR Member	SOFR Member	SOFR Member
OEG Attractions Holdings, LLC | $300 Million OEG Term Loan [Member]
Debt Instrument [Line Items]
Aggregate principal amount		$ 300
Secured debt		$ 294.8
Spread rate (as a percent)		2.50%
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]		SOFR Member
Debt instrument, maturity date				Jun. 28, 2031
OEG Attractions Holdings, LLC | $300 Million OEG Term Loan [Member] | SOFR Member
Debt Instrument [Line Items]
Spread rate (as a percent)		3.50%
OEG Attractions Holdings, LLC | $80 Million OEG Revolver [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 80
Spread rate (as a percent)				2.50%
Credit facility, maturity date				Jun. 28, 2029
OEG Attractions Holdings, LLC | $80 Million OEG Revolver [Member] | Minimum [Member]
Debt Instrument [Line Items]
Spread rate (as a percent)		2.25%
OEG Attractions Holdings, LLC | $80 Million OEG Revolver [Member] | Maximum [Member]
Debt Instrument [Line Items]
Spread rate (as a percent)		2.75%
OEG Attractions Holdings, LLC | $80 Million OEG Revolver [Member] | SOFR Member
Debt Instrument [Line Items]
Spread rate (as a percent)				3.50%
OEG Attractions Holdings, LLC | $80 Million OEG Revolver [Member] | SOFR Member | Minimum [Member]
Debt Instrument [Line Items]
Spread rate (as a percent)		3.25%
OEG Attractions Holdings, LLC | $80 Million OEG Revolver [Member] | SOFR Member | Maximum [Member]
Debt Instrument [Line Items]
Spread rate (as a percent)		3.75%
OEG Attractions Holdings, LLC | $65 Million OEG Revolver [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 65
Debt Instrument, Variable Interest Rate, Type [Extensible Enumeration]		SOFR Member

Debt - Block 21 CMBS Loan (Deta

Debt - Block 21 CMBS Loan (Details) - Secured Debt [Member] - Block 21 CMBS Loan [Member] - USD ($) $ in Millions		12 Months Ended
	May 31, 2022	Dec. 31, 2024	Dec. 31, 2022
Debt Instrument [Line Items]
Face amount	$ 136
Term of debt	10 years
Stated interest rate (as a percent)			5.58%
Debt instrument, maturity date		Jan. 05, 2026
Amortization term			30 years

Debt - Derivative Financial Ins

Debt - Derivative Financial Instruments (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Mar. 31, 2024	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Mar. 28, 2024	Jul. 31, 2019
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain (Loss) Recognized in OCI on Derivatives		$ 1,940	$ 670	$ 16,007
Amount of Gain (Loss) Reclassified from Accumulated OCI into Income (Expense)		1,003	12,177	(3,541)
Interest expense		225,395	211,370	$ 148,406
Cash Flow Hedging [Member] | Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Estimated reclassification from AOCI to interest expense		(400)
Amount of Gain (Loss) Recognized in OCI on Derivatives		1,940	670
Amount of Gain (Loss) Reclassified from Accumulated OCI into Income (Expense)		1,003	12,177
Interest Rate Swap [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Fair value of derivative liability		400
Termination value in case of breach of provisions		400
Interest Rate Swap [Member] | Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Estimated Fair Value Asset (Liability) Balance		(386)	$ (1,322)
Interest Rate Swap [Member] | Cash Flow Hedging [Member] | Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Proceed from swap recorded as reduction in interest expense	$ 200
$500 Million Term Loan B [Member] | Secured Debt [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Face amount		$ 500,000			$ 295,000
$800M Gaylord Rockies Term Loan [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Strike rate			5.2105%
$800M Gaylord Rockies Term Loan [Member] | Interest Rate Swap [Member] | Derivative Instrument Gaylord Rockies Term Loan Maturing On July 2 2024 [Member] | Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Strike rate		5.2105%
Investment, Variable Interest Rate, Type [Extensible Enumeration]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Derivative, maturity date		Jul. 02, 2024
Notional amount		$ 800,000
Estimated Fair Value Asset (Liability) Balance			$ (474)
$800M Gaylord Rockies Term Loan [Member] | Secured Debt [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Face amount		$ 800,000			$ 800,000	$ 800,000
$300 Million OEG Term Loan [Member] | Interest Rate Swap [Member] | Derivative Instrument OEG Term Loan Maturing on December 18, 2025 [Member] | Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Strike rate		4.533%	4.533%
Investment, Variable Interest Rate, Type [Extensible Enumeration]		Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]	Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]
Derivative, maturity date		Dec. 18, 2025		Dec. 18, 2025
Notional amount		$ 100,000	$ 100,000
Estimated Fair Value Asset (Liability) Balance		$ (386)	$ (848)

Deferred Management Rights Pr_2

Deferred Management Rights Proceeds (Details) - USD ($) $ in Millions		12 Months Ended
	Oct. 01, 2012	Dec. 31, 2024
Deferred Management Rights Proceeds
Sales price of management rights and intellectual property	$ 210
Purchase price allocated to the management rights	$ 190
Term of management rights for income amortization		65 years

Leases (Details)

Leases (Details) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($) a	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Ole Red [Member] | Minimum [Member]
Lessee, Lease, Description [Line Items]
Operating lease, term of lease	5 years
Operating lease, renewal term	5 years
Ole Red [Member] | Maximum [Member]
Lessee, Lease, Description [Line Items]
Operating lease, term of lease	10 years
Operating lease, renewal term	55 years
Land in Osceola County, Florida [Member]
Lessee, Lease, Description [Line Items]
Area of leased property | a	65.3
Lease expiration year	2074
Expiration date of lease under extension	Jan. 31, 2101
Contingent rental expense | $	$ 3.6	$ 3.5	$ 3

Leases - Lease Cost (Details)

Leases - Lease Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Leases
Operating lease cost	$ 19,264	$ 18,346	$ 15,694
Finance lease cost:
Amortization of right-of-use assets	189	163	122
Interest on lease liabilities	2	25	33
Net lease cost	$ 19,455	$ 18,534	$ 15,849

Leases - Future Minimum Lease P

Leases - Future Minimum Lease Payments (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Lessee, Operating Lease, Liability, to be Paid, Fiscal Year Maturity [Abstract]
Year 1	$ 11,015
Year 2	10,962
Year 3	10,778
Year 4	10,227
Year 5	9,581
Years thereafter	548,081
Total future minimum lease payments	600,644
Less amount representing interest	(465,527)
Total present value of minimum payments	135,117	$ 129,122
Finance Lease, Liability, to be Paid, Fiscal Year Maturity [Abstract]
Year 1	39
Year 2	18
Total future minimum lease payments	57
Less amount representing interest	(2)
Total present value of minimum payments	$ 55	$ 138
Finance Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Debt and Lease Obligation	Debt and Lease Obligation

Leases - Discount Rate (Details

Leases - Discount Rate (Details)	Dec. 31, 2024
Weighted-average remaining lease term (years):
Operating leases	41 years 3 months 18 days
Finance leases	1 year 6 months
Operating leases	7%
Finance leases	2%

Stock Plans - Common Stock Avai

Stock Plans - Common Stock Available for Issuance (Details) shares in Millions	Dec. 31, 2024 shares
Stock Plans
Maximum grant of stock options, restricted stock, and restricted stock units to directors and employees	1.8

Stock Plans - Restricted Stock

Stock Plans - Restricted Stock Units - Vesting (Details) - Restricted Stock Units (RSUs)	12 Months Ended
	Dec. 31, 2024
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting period from the date of grant for restricted stock awards granted	1 year
Minimum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting period from the date of grant for restricted stock awards granted	1 year
Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Vesting period from the date of grant for restricted stock awards granted	4 years

Stock Plans - Restricted Stoc_2

Stock Plans - Restricted Stock Units - Weighted-Average Grant Date Fair Value of Units Granted (Details) - $ / shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Restricted Stock Units (RSUs)
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted-average grant-date fair value of restricted stock awards granted (in dollars per share)	$ 113.1	$ 85.25	$ 82.66

Stock Plans - Restricted Stoc_3

Stock Plans - Restricted Stock Units - Activity (Details) - Restricted Stock Units (RSUs) - $ / shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Nonvested shares, beginning balance (in shares)	601,855
Granted (in shares)	171,959
Vested (in shares)	(297,490)
Canceled (in shares)	(27,859)
Nonvested shares, ending balance (in shares)	448,465	601,855
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Nonvested shares, weighted-average grant-date fair value (in dollars per share)	$ 77.59
Granted (in dollars per share)	113.1	$ 85.25	$ 82.66
Vested (in dollars per share)	76.18
Canceled (in dollars per share)	97.13
Nonvested shares, weighted-average grant-date fair value (in dollars per share)	$ 91.04	$ 77.59

Stock Plans - Restricted Stoc_4

Stock Plans - Restricted Stock Units - Fair Value (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Restricted Stock Units (RSUs)
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Additional Disclosures [Abstract]
Fair value of restricted stock awards vested	$ 34.4	$ 14.9	$ 12.9

Stock Plans - Restricted Stoc_5

Stock Plans - Restricted Stock Units - Unrecognized Compensation Cost (Details) - Restricted Stock Units (RSUs) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($)
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount [Abstract]
Unrecognized compensation cost	$ 22.4
Weighted-average period to recognize compensation cost	2 years 3 months 18 days

Stock Plans - Compensation Expe

Stock Plans - Compensation Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Stock Plans
Compensation cost on stock-based compensation plans	$ 13.9	$ 15.4	$ 15

Stock Plans - Income Tax Benefi

Stock Plans - Income Tax Benefit (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Share-Based Payment Arrangement, Additional Disclosure [Abstract]
Tax benefit recognized from all stock-based employee compensation plans	$ 3.2	$ 3.5	$ 3.5

Stock Plans - Additional Inform

Stock Plans - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Stock Plans
Employee service share-based compensation tax benefit (expense) realized from share-based compensation plans	$ 3.2	$ 0	$ 0.5

Pension Plans - General Informa

Pension Plans - General Information (Details) - Pension Plan [Member]	12 Months Ended
	Dec. 31, 2024 age
Pension Plans
Rate of qualified earnings credited to the account of the participant of benefit plan	3%
Retirement age benefit payable to a terminated vested participant upon retirement	65
Retirement age for benefit payments, earliest age allowed contingent of minimum service requirement	55
Number of years of service at the time plan was frozen for the eligibility of benefit payable to terminated vested participant at age 55	15 years

Pension Plans - Net Settlement

Pension Plans - Net Settlement Losses (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pension Plan [Member]
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment [Abstract]
Net settlement loss	$ 858	$ 1,313	$ 1,894

Pension Plans - Change in Benef

Pension Plans - Change in Benefit Obligation (Details) - Pension Plan [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Benefit obligation at beginning of year	$ 57,778	$ 60,922
Interest cost	2,501	2,794	$ 2,253
Actuarial gain	(2,445)	(188)
Benefits paid	(5,486)	(5,750)
Benefit obligation at end of year	$ 52,348	$ 57,778	$ 60,922

Pension Plans - Change in Plan

Pension Plans - Change in Plan Assets (Details) - Pension Plan [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets at beginning of year	$ 52,642	$ 52,269
Actual return on plan assets	3,801	6,123
Benefits paid	(5,486)	(5,750)
Fair value of plan assets at end of year	50,957	52,642
Funded status and accrued pension cost	$ (1,391)	$ (5,136)

Pension Plans - Net Periodic Pe

Pension Plans - Net Periodic Pension Expense (Details) - Pension Plan [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Interest cost	$ 2,501	$ 2,794	$ 2,253
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Interest Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Nonoperating Gains (Losses)	Other Nonoperating Gains (Losses)	Other Nonoperating Gains (Losses)
Expected return on plan assets	$ (3,000)	$ (2,904)	$ (3,701)
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Expected Return (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Nonoperating Gains (Losses)	Other Nonoperating Gains (Losses)	Other Nonoperating Gains (Losses)
Amortization of net actuarial loss	$ 465	$ 681	$ 667
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Amortization of Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Nonoperating Gains (Losses)	Other Nonoperating Gains (Losses)	Other Nonoperating Gains (Losses)
Net settlement loss	$ 858	$ 1,313	$ 1,894
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Settlement Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]	Other Nonoperating Gains (Losses)	Other Nonoperating Gains (Losses)	Other Nonoperating Gains (Losses)
Total net periodic pension expense	$ 824	$ 1,884	$ 1,113

Pension Plans - Weighted-Averag

Pension Plans - Weighted-Average Assumptions Used to Determine Benefit Obligation (Details) - Pension Plan [Member]	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]
Discount rate (as a percent)	5.28%	4.66%	4.85%
Rate of compensation increase (as a percent)	0%	0%	0%

Pension Plans - Weighted-Aver_2

Pension Plans - Weighted-Average Assumptions Used in Determining Net Periodic Pension Expense (Details) - Pension Plan [Member]	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pension Plans
Discount rate (as a percent)	4.65%	5.02%	3.33%
Rate of compensation increase	0%	0%	0%
Expected long-term rate of return on plan assets	6%	6%	6%

Pension Plans - Additional Info

Pension Plans - Additional Information (Details)	12 Months Ended
	Dec. 31, 2024
Pension Plans
Minimum time period for expected rate of return	10 years
Maximum time period for expected rate of return	20 years

Pension Plans - Allocation of D

Pension Plans - Allocation of Defined Benefit Pension Plans Assets (Details) - Pension Plan [Member] - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Defined Benefit Plan, Information about Plan Assets [Abstract]
Plan assets	$ 50,957	$ 52,642	$ 52,269
Defined Benefit Plan, Cash [Member]
Defined Benefit Plan, Information about Plan Assets [Abstract]
Plan assets	1,066	1,013
Mutual Fund [Member]
Defined Benefit Plan, Information about Plan Assets [Abstract]
Plan assets	$ 49,891	$ 51,629

Pension Plans - Expected Future

Pension Plans - Expected Future Benefit Payments (Details) - Pension Plan [Member] $ in Thousands	Dec. 31, 2024 USD ($)
Defined Benefit Plan, Expected Future Benefit Payment [Abstract]
Expected contribution to defined benefit plan, 2025	$ 0
2025	9,217
2026	4,864
2027	5,281
2028	5,634
2029	5,093
2030 - 2034	$ 18,703

Pension Plans - Non-Qualified P

Pension Plans - Non-Qualified Plans (Details) $ in Millions	12 Months Ended
	Dec. 31, 2024 USD ($)
Qualified Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, type	Pension Plan [Member]
Defined benefit plan, funding status	us-gaap:UnderfundedPlanMember
Nonqualified Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, type	Pension Plan [Member]
Defined benefit plan, funding status	us-gaap:UnfundedPlanMember
Defined Benefit Plan, Pension Plan with Project Benefit Obligation in Excess of Plan Assets [Abstract]
Plan with projected benefit obligation in excess of plan assets, accumulated benefit obligation	$ 10.2
Plan with projected benefit obligation in excess of plan assets, projected benefit obligation	$ 10.2

Pension Plans - Qualified and N

Pension Plans - Qualified and Non-Qualified Plans - Accrued Cost (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Liability, Defined Benefit Plan [Abstract]
Pension and postretirement benefits liability	$ 12,649	$ 17,404
Pension Plan [Member]
Liability, Defined Benefit Plan [Abstract]
Pension and postretirement benefits liability	$ 11,600	$ 16,200

Pension Plans - Qualified and_2

Pension Plans - Qualified and Non-Qualified Plans - Adjustments to Equity (Details) - USD ($) $ in Millions	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Pension Plan [Member]
Defined Benefit Plan Disclosure [Line Items]
Change in equity as a result of change in deferred net loss	$ 5.1	$ 5.3	$ (0.6)

Pension Plans - Qualified and_3

Pension Plans - Qualified and Non-Qualified Plans - Amounts Recognized in Other Comprehensive Income (Details) - Pension Plan [Member] - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), after Reclassification Adjustment, before Tax [Abstract]
Net gain (loss) recognized in other comprehensive income	$ 5.1	$ 5.3	$ (0.6)
Net gain (loss) recognized in other comprehensive income, tax	(1.2)	(1.6)	$ 0
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, before Tax [Abstract]
Unrecognized actuarial losses included in other comprehensive loss	16.4	21.5
Accumulated Other Comprehensive (Income) Loss, Defined Benefit Plan, after Tax [Abstract]
Unrecognized actuarial losses included in other comprehensive loss, net of tax	$ 12.4	$ 16.3

Equity - Equity Offering (Detai

Equity - Equity Offering (Details) - USD ($) $ / shares in Units, $ in Thousands, shares in Millions		12 Months Ended
	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2024
Equity
Issuance of Company's common stock (in shares)	4.4
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01	$ 0.01
Share price (in dollars per share)	$ 93.25
Net proceeds	$ 395,000	$ 395,444

Equity - Dividends (Details)

Equity - Dividends (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Equity
Dividends declared per share	$ 4.45	$ 3.85	$ 0.35
Aggregate dividend paid	$ 268.3	$ 228.1	$ 19.4

Equity - Changes in Accumulated

Equity - Changes in Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	$ 569,153
Net other comprehensive income (loss)	4,215	$ (8,464)	$ 18,157
Ending balance	548,980	569,153
AOCI Attributable to Parent [Member]
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(19,387)	(10,923)	(29,080)
Gains (losses) arising during period	6,478	5,098	14,579
Amounts reclassified from accumulated other comprehensive loss	(1,345)	(12,276)	3,578
Income tax expense	(918)	(1,286)
Net other comprehensive income (loss)	4,215	(8,464)	18,157
Ending balance	(15,172)	(19,387)	(10,923)
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(15,187)	(18,021)	(16,419)
Gains (losses) arising during period	4,538	4,428	(1,428)
Amounts reclassified from accumulated other comprehensive loss	(553)	(308)	(174)
Income tax expense	(918)	(1,286)
Net other comprehensive income (loss)	3,067	2,834	(1,602)
Ending balance	(12,120)	(15,187)	(18,021)
Accumulated Other-than-Temporary Impairment of Investment [Member]
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(2,878)	(3,087)	(3,298)
Amounts reclassified from accumulated other comprehensive loss	211	209	211
Net other comprehensive income (loss)	211	209	211
Ending balance	(2,667)	(2,878)	(3,087)
Interest Rate Derivatives
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]
Beginning balance	(1,322)	10,185	(9,363)
Gains (losses) arising during period	1,940	670	16,007
Amounts reclassified from accumulated other comprehensive loss	(1,003)	(12,177)	3,541
Net other comprehensive income (loss)	937	(11,507)	19,548
Ending balance	$ (385)	$ (1,322)	$ 10,185

Income Taxes - (Provision) Bene

Income Taxes - (Provision) Benefit for Income Taxes from Continuing Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
CURRENT:
Federal	$ (359)	$ 797	$ (21,936)
State	(3,281)	(2,920)	(8,595)
Total current provision	(3,640)	(2,123)	(30,531)
DEFERRED:
Federal	(9,233)	79,710	(9,115)
State	(963)	16,115	871
Total deferred (provision) benefit	(10,196)	95,825	(8,244)
Total (provision) benefit for income taxes	$ (13,836)	$ 93,702	$ (38,775)

Income Taxes - Tax Rate (Detail

Income Taxes - Tax Rate (Details)	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Effective Income Tax Rate Reconciliation, Percent [Abstract]
Corporate income tax rate (as a percent)	21%	21%	21%

Income Taxes - Taxability of Ca

Income Taxes - Taxability of Cash Distributions Paid on Common Shares (Details) - $ / shares	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Taxes
Ordinary income	$ 4.28	$ 3.75	$ 0.28
Capital gains	0.07	0.1	0.07
Total	$ 4.35	$ 3.85	$ 0.35

Income Taxes - Effective Income

Income Taxes - Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Income Tax Expense (Benefit), Effective Income Tax Rate Reconciliation, Amount [Abstract]
Statutory federal income tax provision	$ (61,746)	$ (52,101)	$ (36,482)
Adjustment for nontaxable income of the REIT	49,043	44,968	3,565
State tax provision (net of federal taxes)	(4,215)	(11,934)	(13,597)
Permanent share-based compensation adjustment	2,723	34	440
Other permanent items	(594)	(531)	(365)
Other	982	808	(123)
Total (provision) benefit for income taxes	(13,836)	93,702	(38,775)
Domestic Tax Jurisdiction [Member]
Income Tax Expense (Benefit), Effective Income Tax Rate Reconciliation, Amount [Abstract]
Change in valuation allowance		87,330	1,914
State and Local Jurisdiction [Member]
Income Tax Expense (Benefit), Effective Income Tax Rate Reconciliation, Amount [Abstract]
Change in valuation allowance	$ (29)	$ 25,128	$ 5,873

Income Taxes - Deferred Tax Ass

Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
DEFERRED TAX ASSETS:
Accounting reserves and accruals	$ 21,023	$ 22,340
Pension plans	3,091	4,249
Deferred management rights proceeds	39,763	40,280
Federal and State net operating loss carryforwards	125,692	102,032
Tax credits and other carryforwards	17,181	8,881
Other assets	3,993	6,205
Total deferred tax assets	210,743	183,987
Valuation allowance	(5,595)	(5,557)
Total deferred tax assets, net of valuation allowance	205,148	178,430
DEFERRED TAX LIABILITIES:
Property and equipment, net	125,025	90,792
Other liabilities	9,612	6,014
Total deferred tax liabilities	134,637	96,806
Net deferred tax assets	$ 70,511	$ 81,624

Income Taxes - Net Operating Lo

Income Taxes - Net Operating Loss Carryforwards (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Operating Loss Carryforwards [Line Items]
Valuation allowance	$ (112.5)
State net operating loss carryforward, deferred tax benefit		$ 23.1
TRS [Member]
Operating Loss Carryforwards [Line Items]
Federal net operating loss carryforward, deferred tax benefit		102.6
Domestic Tax Jurisdiction [Member]
Operating Loss Carryforwards [Line Items]
Valuation allowance		0	$ (87.3)	$ (1.6)
Domestic Tax Jurisdiction [Member] | TRS [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryforward		488.7
Interest limitation carryforward		70
Interest limitation carryforward, deferred tax asset		14.7
State and Local Jurisdiction [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryforward		612.1
Valuation allowance		$ 0	$ (25.1)	$ (5.8)
State and Local Jurisdiction [Member] | Minimum [Member]
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards expire date		Dec. 31, 2025
State and Local Jurisdiction [Member] | Maximum [Member]
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards expire date		Dec. 31, 2044

Income Taxes - Unrecognized Tax

Income Taxes - Unrecognized Tax Benefits (Details) - USD ($)	Dec. 31, 2024	Dec. 31, 2023
Income Taxes
Unrecognized tax benefits	$ 0	$ 0
Unrecognized Tax Benefits, Income Tax Penalties and Interest Accrued [Abstract]
Income tax penalties accrued related to uncertain tax positions	0	0
Interest on income taxes accrued related to uncertain tax positions	$ 0	$ 0

Commitments and Contingencies (

Commitments and Contingencies (Details) - Gaylord Rockies - Tax Protection Agreement	12 Months Ended
	Dec. 31, 2024
Schedule of Equity Method Investments [Line Items]
Threshold limit for indemnification of tax losses due to sale or disposition	50
Indemnification period (in years)	7 years
Indemnification agreement
Schedule of Equity Method Investments [Line Items]
Threshold limit for indemnification of tax losses due to failure to comply obligations	100%

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation plan investments	$ 37,440	$ 33,073
Total assets measured at fair value	37,440	33,073
Variable to fixed interest rate swaps	386	1,322
Total liabilities measured at fair value	386	1,322
Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Variable to fixed interest rate swaps	386	1,322
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Deferred compensation plan investments	37,440	33,073
Total assets measured at fair value	37,440	33,073
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total liabilities measured at fair value	386	1,322
Fair Value, Recurring [Member] | Fair Value, Inputs, Level 2 [Member] | Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Variable to fixed interest rate swaps	$ 386	$ 1,322

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2024	Mar. 28, 2024	Jun. 22, 2023	Feb. 17, 2021	Oct. 31, 2019	Sep. 30, 2019
$400 Million 7.25% Senior Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Stated interest rate (as a percent)			7.25%
Senior Notes [Member] | $400 Million 7.25% Senior Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Face amount	$ 400	$ 400	$ 400			$ 400
Stated interest rate (as a percent)	7.25%	7.25%	7.25%			7.25%
Senior Notes [Member] | $600 Million 4.50% Senior Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Face amount	$ 600	$ 600	$ 600	$ 600		$ 600
Stated interest rate (as a percent)	4.50%	4.50%	4.50%	4.50%		4.50%
Senior Notes [Member] | $700 Million 4.75% Senior Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Face amount	$ 700	$ 700	$ 700		$ 700
Stated interest rate (as a percent)	4.75%	4.75%	4.75%		4.75%
Senior Notes [Member] | $1 Billion 6.50% Senior Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Face amount	$ 1,000	$ 1,000	$ 1,000			$ 1,000
Stated interest rate (as a percent)	6.50%	6.50%	6.50%			6.50%

Financial Reporting By Busine_3

Financial Reporting By Business Segments - General Information (Details) - segment	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]
Number of business segments	3	3	3

Financial Reporting By Busine_4

Financial Reporting By Business Segments - Internal Financial Reports (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Segment Reporting Information, Profit (Loss) [Abstract]
Revenues	$ 2,339,226	$ 2,158,136	$ 1,805,969
Cost of goods sold	1,324,752	1,225,465	1,037,675
Entertainment Expenses	241,847	223,663	188,545
Preopening costs	4,618	1,308	532
Other segment expenses	83,192	81,021	74,534
(Gain) loss on sale of assets	(270)		469
Depreciation and amortization	235,626	211,227	208,616
Operating income (loss)	490,834	453,684	327,150
Interest expense	(225,395)	(211,370)	(148,406)
Interest income	27,977	21,423	5,750
Loss from extinguishment of debt	(2,479)	(2,252)	(1,547)
Income (loss) from unconsolidated joint ventures	275	(17,308)	(10,967)
Other gains and (losses), net	2,814	3,921	1,743
Income before income taxes	294,026	248,098	173,723
Rooms [Member]
Segment Reporting Information, Profit (Loss) [Abstract]
Revenues	744,587	701,138	595,544
Cost of goods sold	179,358	173,749	155,817
Food and Beverage [Member]
Segment Reporting Information, Profit (Loss) [Abstract]
Revenues	940,827	831,796	667,009
Cost of goods sold	516,309	465,963	381,142
Hotel, Other [Member]
Segment Reporting Information, Profit (Loss) [Abstract]
Revenues	311,636	300,544	275,421
Cost of goods sold	555,554	519,328	457,291
Management Service [Member]
Segment Reporting Information, Profit (Loss) [Abstract]
Cost of goods sold	73,531	66,425	43,425
Entertainment [Member]
Segment Reporting Information, Profit (Loss) [Abstract]
Revenues	342,176	324,658	267,995
Entertainment [Member] | Employment Cost [Member]
Segment Reporting Information, Profit (Loss) [Abstract]
Entertainment Expenses	102,653	91,317	75,916
Entertainment [Member] | Cost of Sales [Member]
Segment Reporting Information, Profit (Loss) [Abstract]
Entertainment Expenses	46,112	43,544	39,653
Entertainment [Member] | Contract Service Cost [Member]
Segment Reporting Information, Profit (Loss) [Abstract]
Entertainment Expenses	39,736	32,925	27,523
Entertainment [Member] | Non Income Taxes And Insurance Expense [Member]
Segment Reporting Information, Profit (Loss) [Abstract]
Entertainment Expenses	11,973	17,645	13,901
Hospitality [Member]
Segment Reporting Information, Profit (Loss) [Abstract]
Revenues	1,997,050	1,833,478	1,537,974
Depreciation and amortization	205,189	186,749	189,375
Operating income (loss)	467,109	421,264	310,924
Interest expense	(14,611)	(55,865)	(41,863)
Hospitality [Member] | Rooms [Member]
Segment Reporting Information, Profit (Loss) [Abstract]
Cost of goods sold	179,358	173,749	155,817
Hospitality [Member] | Food and Beverage [Member]
Segment Reporting Information, Profit (Loss) [Abstract]
Cost of goods sold	516,309	465,963	381,142
Hospitality [Member] | Hotel, Other [Member]
Segment Reporting Information, Profit (Loss) [Abstract]
Cost of goods sold	555,554	519,328	457,291
Hospitality [Member] | Management Service [Member]
Segment Reporting Information, Profit (Loss) [Abstract]
Cost of goods sold	73,531	66,425	43,425
Entertainment [Member]
Segment Reporting Information, Profit (Loss) [Abstract]
Revenues	342,176	324,658	267,995
Preopening costs	4,618	1,308	532
Other segment expenses	41,373	38,232	31,552
Depreciation and amortization	29,519	23,611	18,420
Operating income (loss)	66,192	76,076	60,498
Interest expense	(38,283)	(40,988)	(19,993)
Entertainment [Member] | Entertainment [Member] | Employment Cost [Member]
Segment Reporting Information, Profit (Loss) [Abstract]
Entertainment Expenses	102,653	91,317	75,916
Entertainment [Member] | Entertainment [Member] | Cost of Sales [Member]
Segment Reporting Information, Profit (Loss) [Abstract]
Entertainment Expenses	46,112	43,544	39,653
Entertainment [Member] | Entertainment [Member] | Contract Service Cost [Member]
Segment Reporting Information, Profit (Loss) [Abstract]
Entertainment Expenses	39,736	32,925	27,523
Entertainment [Member] | Entertainment [Member] | Non Income Taxes And Insurance Expense [Member]
Segment Reporting Information, Profit (Loss) [Abstract]
Entertainment Expenses	11,973	17,645	13,901
Corporate and Other [Member]
Segment Reporting Information, Profit (Loss) [Abstract]
Other segment expenses	41,819	42,789	42,982
(Gain) loss on sale of assets	(270)		469
Depreciation and amortization	918	867	821
Operating income (loss)	(42,467)	(43,656)	(44,272)
Interest expense	$ (172,501)	$ (114,517)	$ (86,550)

Financial Reporting By Busine_5

Financial Reporting By Business Segments - Total Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2024	Dec. 31, 2023
Segment Reporting Information [Line Items]
Total assets	$ 5,217,573	$ 5,188,537
Hospitality [Member]
Segment Reporting Information [Line Items]
Total assets	4,081,754	4,039,804
Entertainment [Member]
Segment Reporting Information [Line Items]
Total assets	653,969	610,663
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Total assets	$ 481,850	$ 538,070

Financial Reporting By Busine_6

Financial Reporting By Business Segments - Capital Expenditures for Continuing Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Payments to Acquire Property, Plant, and Equipment [Abstract]
Total capital expenditures	$ 407,905	$ 206,776	$ 89,520
Hospitality [Member]
Payments to Acquire Property, Plant, and Equipment [Abstract]
Total capital expenditures	300,867	145,805	70,406
Entertainment [Member]
Payments to Acquire Property, Plant, and Equipment [Abstract]
Total capital expenditures	106,828	60,428	18,767
Corporate and Other [Member]
Payments to Acquire Property, Plant, and Equipment [Abstract]
Total capital expenditures	$ 210	$ 543	$ 347

SCHEDULE II VALUATION AND QUA_2

SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
Credit loss reserve on notes receivable:
SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS [Line items]
Balance at Beginning of Year	$ 37,962	$ 37,962	$ 37,962
Balance at End of Year	37,962	37,962	37,962
Valuation allowance for deferred tax assets:
SCHEDULE II VALUATION AND QUALIFYING ACCOUNTS [Line items]
Balance at Beginning of Year	5,557	118,015	125,387
Additions Charged to Expenses/Other Accounts	38
Net (Deductions) Recoveries		(112,458)	(7,372)
Balance at End of Year	$ 5,595	$ 5,557	$ 118,015

SCHEDULE III REAL ESTATE AND _2

SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION - Property Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial cost, land	$ 345,154
Initial cost, buildings & improvements	2,970,864
Costs capitalized subsequent to acquisition	1,409,564
Gross amount, land	501,990
Gross amount, buildings & improvements	4,223,592
Gross amount, total	4,725,582	$ 4,570,055	$ 3,810,923	$ 3,792,011
Accumulated depreciation	1,554,172	$ 1,436,672	$ 1,327,833	$ 1,229,727
Gaylord Opryland [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial cost, land	11,482
Initial cost, buildings & improvements	77,125
Costs capitalized subsequent to acquisition	721,754
Gross amount, land	74,512
Gross amount, buildings & improvements	735,849
Gross amount, total	810,361
Accumulated depreciation	$ 475,153
Date of Construction	Jan. 01, 1983
Gaylord Opryland [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life	20 years
Gaylord Opryland [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life	40 years
Gaylord Palms [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial cost, land	$ 21,564
Initial cost, buildings & improvements	314,661
Costs capitalized subsequent to acquisition	263,786
Gross amount, land	41,202
Gross amount, buildings & improvements	558,809
Gross amount, total	600,011
Accumulated depreciation	$ 243,833
Date of Construction	Jan. 01, 2002
Gaylord Palms [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life	20 years
Gaylord Palms [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life	40 years
Gaylord Texan [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial cost, land	$ 21,235
Initial cost, buildings & improvements	388,030
Costs capitalized subsequent to acquisition	195,621
Gross amount, land	50,533
Gross amount, buildings & improvements	554,353
Gross amount, total	604,886
Accumulated depreciation	$ 264,875
Date of Construction	Jan. 01, 2004
Gaylord Texan [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life	20 years
Gaylord Texan [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life	40 years
Gaylord National [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial cost, land	$ 43,212
Initial cost, buildings & improvements	840,261
Costs capitalized subsequent to acquisition	70,804
Gross amount, land	47,893
Gross amount, buildings & improvements	906,384
Gross amount, total	954,277
Accumulated depreciation	$ 368,831
Date of Construction	Jan. 01, 2008
Gaylord National [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life	20 years
Gaylord National [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life	40 years
Gaylord Rockies [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial cost, land	$ 53,374
Initial cost, buildings & improvements	760,898
Costs capitalized subsequent to acquisition	96,006
Gross amount, land	70,225
Gross amount, buildings & improvements	840,053
Gross amount, total	910,278
Accumulated depreciation	$ 142,110
Date of Acquisition	Dec. 31, 2018
Gaylord Rockies [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life	20 years
Gaylord Rockies [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life	40 years
JW Marriott Hill Country [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial cost, land	$ 139,196
Initial cost, buildings & improvements	558,584
Costs capitalized subsequent to acquisition	18,422
Gross amount, land	151,729
Gross amount, buildings & improvements	564,473
Gross amount, total	716,202
Accumulated depreciation	$ 24,549
Date of Acquisition	Jan. 01, 2023
JW Marriott Hill Country [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life	20 years
JW Marriott Hill Country [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life	40 years
Inn at Opryland [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial cost, land	$ 2,675
Initial cost, buildings & improvements	7,248
Costs capitalized subsequent to acquisition	30,158
Gross amount, land	3,359
Gross amount, buildings & improvements	36,722
Gross amount, total	40,081
Accumulated depreciation	$ 14,572
Date of Construction	Jan. 01, 1998
Inn at Opryland [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life	20 years
Inn at Opryland [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life	40 years
AC Hotel [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial cost, land	$ 9,079
Initial cost, buildings & improvements	17,340
Costs capitalized subsequent to acquisition	4,426
Gross amount, land	9,101
Gross amount, buildings & improvements	21,744
Gross amount, total	30,845
Accumulated depreciation	$ 5,306
Date of Acquisition	Jan. 01, 2014
AC Hotel [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life	20 years
AC Hotel [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life	40 years
Miscellaneous [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Initial cost, land	$ 43,337
Initial cost, buildings & improvements	6,717
Costs capitalized subsequent to acquisition	8,587
Gross amount, land	53,436
Gross amount, buildings & improvements	5,205
Gross amount, total	58,641
Accumulated depreciation	$ 14,943
Miscellaneous [Member] | Minimum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life	20 years
Miscellaneous [Member] | Maximum [Member]
SEC Schedule III, Real Estate and Accumulated Depreciation [Line Items]
Depreciation life	40 years

SCHEDULE III REAL ESTATE AND _3

SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION - Investment in Real Estate (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate [Roll Forward]
Balance at beginning of year	$ 4,570,055	$ 3,810,923	$ 3,792,011
Other acquisitions	0	697,780	0
Improvements	156,267	61,440	23,034
Disposals	(740)	(88)	(4,122)
Balance at end of year	$ 4,725,582	$ 4,570,055	$ 3,810,923

SCHEDULE III REAL ESTATE AND _4

SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION - Accumulated Depreciation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Accumulated Depreciation [Roll Forward]
Balance at beginning of year	$ 1,436,672	$ 1,327,833	$ 1,229,727
Depreciation	117,674	108,846	99,533
Disposals	(174)	(7)	(1,427)
Balance at end of year	$ 1,554,172	$ 1,436,672	$ 1,327,833

SCHEDULE III REAL ESTATE AND _5

SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION - Additional Information (Details) $ in Millions	Dec. 31, 2024 USD ($)
SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION
Amount outstanding under credit facility	$ 297.1
Aggregate cost of assets for federal income tax	$ 3,500