Marriott International has completed the acquisition of the Gaylord brand and hotel management company, as first announced in May, which will add a total of 8100 rooms to its US portfolio.
The US $210 million deal with Ryman Hospitality Properties will see Marriott take control of the management of the four existing Gaylord-branded hotels, as well as three attractions in Nashville.
On December 1, Marriott will also assume management of the Radisson Opryland, which will be renamed The Inn at Opryland, a Gaylord Hotel.
Marriott International president and CEO Arne Sorenson said: “Our partnership with the Gaylord organization has been exceptional. Both the Gaylord and Marriott transition teams have worked closely together with much skill and dedication to be ready for this exciting day.
“Gaylord’s proven success in the meetings and family leisure markets, and their ‘all-in-one-place’ properties will greatly enhance our portfolio and will provide new opportunities both for Gaylord associates, called STARS, and Marriott associates. We are delighted to welcome our new Gaylord portfolio and look forward to a long and mutually beneficial relationship with Ryman Hospitality Properties."
Ryman Properties chairman and CEO Colin V. Reed added: “We are thrilled that this transaction is now complete and to be part of Marriott’s industry leading network of hotels. We chose to work with Marriott because they share our commitment to building a strong employee culture and delivering a superior customer experience.”
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