Key facts
- Ryman Hospitality Properties is exploring the sale of its stake in Opry Entertainment Group.
- Ryman Hospitality Properties holds a 70% controlling stake in Opry Entertainment Group.
- Morgan Stanley has been engaged to explore strategic partnerships for the entertainment business.
- Opry Entertainment Group includes the Grand Ole Opry House.
- Opry Entertainment Group includes the WSM 650 AM radio station.
Ryman Hospitality Properties is actively considering the divestment of its significant stake in Opry Entertainment Group. The real estate investment trust (REIT) currently holds a 70% controlling interest in the entertainment company. To facilitate this potential sale, Ryman Hospitality Properties has enlisted the services of Morgan Stanley. The investment bank will work to explore strategic partnerships for the entertainment business. Opry Entertainment Group's portfolio includes iconic assets such as the Grand Ole Opry House and the historic WSM 650 AM radio station. The potential sale represents a strategic decision by Ryman Hospitality Properties to potentially re-evaluate its holdings and focus on other areas of its business, moving away from its entertainment division.