RHP acquires JW Marriott Phoenix Desert Ridge Resort for $865 million, expanding its upscale portfolio.

Ryman Hospitality Properties, Inc. (NYSE:RHP) recently acquired the JW Marriott Phoenix Desert Ridge Resort & Spa for almost $865 million. The resort boasts 950 guest rooms, 81 suites, 243,000 sq ft of event space, a 28,000 sq ft spa, seven dining options, water attractions, and golf courses by Nick Faldo and Arnold Palmer.

Ryman Hospitality Properties, Inc. (NYSE:RHP) is a leading hospitality-focused REIT with a portfolio of upscale convention center resorts. While RHP shows promise as an investment, some believe that certain AI stocks offer better potential returns with lower risks. Check out a report on the best short-term AI stock for more insights.

Read more at Yahoo Finance: Ryman Hospitality (RHP) Concludes Acquisition of JW Marriott Phoenix Desert Ridge Resort & Spa