Ryman Hospitality Properties Acquisition of JW Marriott Phoenix Desert Ridge Resort & Spa

Deal value: $865,000,000

Acquisition of a two-property luxury portfolio in Phoenix, led by the 950-room JW Marriott Phoenix Desert Ridge Resort & Spa.

Ryman Hospitality Properties is acquiring the JW Marriott Phoenix Desert Ridge Resort & Spa to expand its portfolio of large, group-focused luxury assets in high-growth markets. The investment is driven by the scarcity of marquee properties that fit Ryman’s group business model, the resort’s proven performance, and the opportunity to leverage recent $100 million renovations for long-term value creation. The timing reflects strong forward bookings, limited new competitive supply, and Ryman’s confidence following its successful acquisition of a similar asset in Texas.