{"id":12360,"date":"2024-08-28T12:22:44","date_gmt":"2024-08-28T17:22:44","guid":{"rendered":"https:\/\/1reason.com\/re\/correction-ryman-hospitality-properties-inc-reports-second-quarter-2024-results\/12360\/"},"modified":"2024-08-29T07:22:45","modified_gmt":"2024-08-29T12:22:45","slug":"correction-ryman-hospitality-properties-inc-reports-second-quarter-2024-results","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/correction-ryman-hospitality-properties-inc-reports-second-quarter-2024-results\/12360\/","title":{"rendered":"CORRECTION &#8212; Ryman Hospitality Properties, Inc. Reports Second Quarter 2024 Results"},"content":{"rendered":"<div> There are no other changes to the prior version of the press release, and the amount of funds from operations and adjusted funds from operations for the periods presented remains unchanged from the prior version of the press release. The updated release reads:  <\/p>\n<p align=\"justify\">NASHVILLE, Tenn., Aug.  01, 2024  (GLOBE NEWSWIRE) &#8212; Ryman Hospitality Properties, Inc. (NYSE: RHP), a lodging real estate investment trust (\u201cREIT\u201d) specializing in group-oriented, destination hotel assets in urban and resort markets, today reported financial results for the three and six months ended June 30, 2024.<\/p>\n<p align=\"justify\"><strong>Second Quarter 2024 Highlights and Recent Developments:<\/strong><\/p>\n<ul type=\"disc\">\n<li style=\"text-align:justify\"><em>The Company generated record second quarter net income of $104.7 million and record second quarter net income available to common stockholders of $100.8 million, which were records even without the impact of the Tennessee franchise tax refunds for prior years of approximately $9.1 million.<\/em><sup><em>1<\/em><\/sup><\/li>\n<li style=\"text-align:justify\"><em>Reported record second quarter consolidated revenue of $613.3 million, including record second quarter same-store Hospitality revenue of $456.2 million. <\/em><sup><em>2<\/em><\/sup><\/li>\n<li style=\"text-align:justify\"><em>Achieved all-time record consolidated operating income of $168.1 million and all-time record consolidated Adjusted EBITDAre of $233.2 million, which were records even without the impact of the Tennessee franchise tax refunds.<\/em><\/li>\n<li style=\"text-align:justify\"><em>During the second quarter, the Company booked over 781,000 same-store Gross Definite Room Nights for all future years, at a record future estimated average daily rate (ADR) of $284, an increase of 7.3% over Q2 2023 estimated ADR for future bookings.<\/em><\/li>\n<li style=\"text-align:justify\"><em>The Company refinanced Opry Entertainment Group\u2019s term loan B and revolving credit facility with a new $300 million term loan B and $80 million revolving credit facility. The refinanced credit facility and term loan B also reduce the applicable interest rate spread on SOFR loans and extend the applicable maturity dates by two years.<\/em><\/li>\n<li style=\"text-align:justify\"><em>The Company is raising its full year 2024 outlook for consolidated net income, operating income, Adjusted EBITDAre and adjusted funds from operations (AFFO), primarily to reflect Tennessee franchise tax savings and estimated cash interest expense savings from the OEG refinancing. The Company is lowering its outlook for same-store Hospitality RevPAR and Total RevPAR growth to account for continued leisure transient softness.<\/em><\/li>\n<\/ul>\n<p>________________________<br \/><sub><sup>1<\/sup> In May 2024, Tennessee amended its franchise tax law, making the Company eligible for refunds for the prior tax years of 2020 through 2023. The Company\u2019s aggregate eligible refunds total approximately $9.1 million (reflected as a reduction in operating expenses), which is allocated by segment in the following approximate amounts in second quarter 2024: $5.6 million (Hospitality), $3.4 million (Entertainment) and $0.1 million (Corporate &amp; Other).<\/sub><br \/><sub><sup>2<\/sup> Same-store Hospitality portfolio excludesJW Marriott Hill Country, which was acquiredJune 30, 2023.<\/sub><\/p>\n<p align=\"justify\">Mark Fioravanti, President and Chief Executive Officer of Ryman Hospitality Properties, said, \u201cOur second quarter results continue to demonstrate the strength of both business segments, delivering record second quarter net income, and all-time records for consolidated operating income and consolidated Adjusted EBITDA<em>re<\/em> despite some expected construction disruption and continued leisure transient softness. Projected rooms revenue from second quarter bookings production for all future years set a second quarter record for the same-store portfolio, which together with all-time record banquet and AV results indicate our core group customer demand remains strong.\u201d<\/p>\n<p align=\"justify\"><strong><u>Second Quarter 2024 Results (as compared to second quarter 2023):<\/u><\/strong><\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">($ in thousands, except per share amounts)<\/td>\n<td colspan=\"9\" style=\"text-align: center;vertical-align: middle\"><strong>Three Months Ended<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"9\" style=\"text-align: center;vertical-align: middle\"><strong>Six Months Ended<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"9\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>June 30,<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"9\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>June 30,<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:49%;width:49%;min-width:49%\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:7%;width:7%;min-width:7%;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2024<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:7%;width:7%;min-width:7%;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2023<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:5%;width:5%;min-width:5%;border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>% \u2206<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:7%;width:7%;min-width:7%;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2024<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:7%;width:7%;min-width:7%;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2023<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:5%;width:5%;min-width:5%;border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>% \u2206<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Total Revenue<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">613,290<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">504,843<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">21.5%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,141,635<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">996,562<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">14.6%<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Operating income<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">168,071<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">122,240<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">37.5%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">264,452<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">227,890<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">16.0%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Operating income margin<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">27.4%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">24.2%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">3.2pt<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">23.2%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">22.9%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">0.3pt<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Net income<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">104,740<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">70,143<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">49.3%<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">147,501<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">131,137<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">12.5%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Net income margin<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">17.1%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">13.9%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"text-align: right;vertical-align: middle\">3.2pt<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">12.9%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">13.2%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"text-align: right;vertical-align: middle\">-0.3pt<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Net income available to common stockholders<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">100,805<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">66,543<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">51.5%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">143,861<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">127,863<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">12.5%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Net income available to common stockholders margin<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">16.4%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">13.2%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">3.2pt<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">12.6%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">12.8%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">-0.2pt<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Net income available to common stockholders per diluted share <sup>(1)<\/sup><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1.65<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1.15<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">43.5%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2.31<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2.17<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">6.5%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Adjusted EBITDA<em>re <\/em><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">233,195<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">174,702<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">33.5%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">394,260<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">332,377<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">18.6%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Adjusted EBITDA<em>re<\/em> margin<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">38.0%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">34.6%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">3.4pt<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">34.5%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">33.4%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">1.1pt<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Adjusted EBITDA<em>re<\/em>, excluding noncontrolling interest in consolidated joint venture<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">222,473<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">165,883<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">34.1%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">378,876<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">319,262<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">18.7%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Adjusted EBITDA<em>re<\/em>, excluding noncontrolling interest in consolidated joint venture margin<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">36.3%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">32.9%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">3.4pt<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">33.2%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">32.0%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">1.2pt<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Funds From Operations (FFO) available to common stockholders and unit holders<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">157,647<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">113,639<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">38.7%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">256,120<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">222,165<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">15.3%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">FFO available to common stockholders and unit holders per diluted share\/unit <sup>(1)<\/sup><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2.53<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1.92<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">31.8%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">4.05<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3.72<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">8.9%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Adjusted FFO available to common stockholders and unit holders<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">173,432<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">122,392<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">41.7%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">276,126<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">235,985<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">17.0%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Adjusted FFO available to common stockholders and unit holders per diluted share\/unit<sup> (1)<\/sup><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2.78<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2.06<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">35.0%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">4.37<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3.95<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">10.6%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td \/><\/tr>\n<\/table>\n<p align=\"justify\"><sub>(1) Diluted weighted average common shares for the three months ended June 30, 2024 and 2023 include 3.1 million and 3.9 million, respectively, and the six months ended June 30, 2024 and 2023 include 3.3 million and 4.0 million, respectively, in equivalent shares related to the currently unexercisable investor put rights associated with the noncontrolling interest in the Company&#8217;s OEG business, which may be settled in cash or shares at the Company&#8217;s option.<\/sub><\/p>\n<p align=\"justify\"><sub>Note: Consolidated second quarter 2024 results reflect franchise tax refunds for prior tax periods of 2020 through 2023 totaling approximately $9.1 million. Excluding the franchise tax refund related to prior years, for the three and six months ended June 30, 2024, net income was approximately $97.9 million and $140.6 million, respectively; operating income was approximately $159.0 million and $255.4 million, respectively; operating income margin was approximately 25.9% and 22.4%, respectively; Adjusted EBITDA<em>re<\/em> was approximately $224.1 million and $385.2 million, respectively; and Adjusted EBITDA<em>re<\/em> margin was approximately 36.5% and 33.7%, respectively.<\/sub><\/p>\n<p align=\"justify\"><sub>Note: For the Company\u2019s definitions of Adjusted EBITDA<em>re<\/em>, Adjusted EBITDA<em>re<\/em> margin, Adjusted EBITDA<em>re<\/em>, excluding noncontrolling interest in consolidated joint venture, Adjusted EBITDA<em>re<\/em>, excluding noncontrolling interest in consolidated joint venture margin, FFO available to common stockholders and unit holders, and Adjusted FFO available to common stockholders and unit holders, as well as a reconciliation of the non-GAAP financial measure Adjusted EBITDA<em>re<\/em> to Net Income and a reconciliation of the non-GAAP financial measures FFO available to common stockholders and unit holders and Adjusted FFO available to common stockholders and unit holders to Net Income, see \u201cNon-GAAP Financial Measures,\u201d \u201cEBITDA<em>re<\/em>, Adjusted EBITDA<em>re<\/em> and Adjusted EBITDA<em>re<\/em>, Excluding Noncontrolling Interest in Consolidated Joint Venture Definition,\u201d \u201cAdjusted EBITDA<em>re<\/em>, Excluding Noncontrolling Interest in Consolidated Joint Venture Margin Definition\u201d \u201cFFO, Adjusted FFO, and Adjusted FFO available to common stockholders and unit holders Definition\u201d and \u201cSupplemental Financial Results\u201d below.<\/sub><\/p>\n<p align=\"justify\"><strong><u>Hospitality Segment<\/u><\/strong><\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">($ in thousands, except ADR, RevPAR, and Total RevPAR)<\/td>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td \/><\/tr>\n<tr>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"9\" style=\"text-align: center;vertical-align: middle\"><strong>Three Months Ended<\/strong><\/td>\n<td \/>\n<td colspan=\"9\" style=\"text-align: center;vertical-align: middle\"><strong>Six Months Ended<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"9\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>June 30,<\/strong><\/td>\n<td \/>\n<td colspan=\"9\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>June 30,<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:49%;width:49%;min-width:49%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:7%;width:7%;min-width:7%;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2024<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:7%;width:7%;min-width:7%;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2023<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:5%;width:5%;min-width:5%;border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>% \u2206<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:7%;width:7%;min-width:7%;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2024<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:7%;width:7%;min-width:7%;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2023<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:5%;width:5%;min-width:5%;border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>% \u2206<\/strong><\/td>\n<\/tr>\n<tr>\n<td \/>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Hospitality Revenue<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$519,087<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$417,685<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">24.3%<\/td>\n<td \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$980,557<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$842,124<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">16.4%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Same-Store Hospitality Revenue <sup>(1)<\/sup><\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$456,237<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$417,685<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">9.2%<\/td>\n<td \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$867,766<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$842,124<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">3.0%<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Hospitality operating income<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$151,885<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$107,733<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">41.0%<\/td>\n<td \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$254,070<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$213,803<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">18.8%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Hospitality operating income margin<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">29.3%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">25.8%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">3.5pt<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">25.9%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">25.4%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">0.5pt<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Hospitality Adjusted EBITDAre<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$204,615<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$152,667<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">34.0%<\/td>\n<td \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$359,208<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$303,902<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">18.2%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Hospitality Adjusted EBITDAre margin<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">39.4%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">36.6%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">2.8pt<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">36.6%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">36.1%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">0.5pt<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Same-Store Hospitality operating income <sup>(1)<\/sup><\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$136,447<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$107,733<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">26.7%<\/td>\n<td \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$229,498<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$213,803<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">7.3%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Same-Store Hospitality operating income margin <sup>(1)<\/sup><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">29.9%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">25.8%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">4.1pt<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">26.4%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">25.4%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">1.0pt<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Same-Store Hospitality Adjusted EBITDAre <sup>(1)<\/sup><\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$181,706<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$152,667<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">19.0%<\/td>\n<td \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$319,768<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$303,902<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">5.2%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Same-Store Hospitality Adjusted EBITDAre margin <sup>(1)<\/sup><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">39.8%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">36.6%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">3.2pt<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">36.8%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">36.1%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">0.7pt<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Hospitality Performance Metrics<\/td>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 15.0px\">Occupancy<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">73.7%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">72.7%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">1.0pt<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">70.2%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">72.5%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">-2.3pt<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 15.0px\">Average Daily Rate (ADR)<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$260.76<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$244.77<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">6.5%<\/td>\n<td \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$255.87<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$241.38<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">6.0%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 15.0px\">RevPAR<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$192.12<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$177.83<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">8.0%<\/td>\n<td \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$179.64<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$174.97<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">2.7%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 15.0px\">Total RevPAR<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$499.90<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$440.12<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">13.6%<\/td>\n<td \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$472.09<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$446.49<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">5.7%<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Same-Store Hospitality Performance Metrics <sup>(1)<\/sup><\/td>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 15.0px\">Occupancy<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">73.2%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">72.7%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">0.5pt<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">70.1%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">72.5%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">-2.4pt<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 15.0px\">Average Daily Rate (ADR)<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$254.16<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$244.77<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">3.8%<\/td>\n<td \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$249.71<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$241.38<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">3.5%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 15.0px\">RevPAR<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$185.95<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$177.83<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">4.6%<\/td>\n<td \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$175.06<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$174.97<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">0.1%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 15.0px\">Total RevPAR<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$481.67<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$440.12<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">9.4%<\/td>\n<td \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$458.00<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$446.49<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">2.6%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 15.0px\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 15.0px\">Gross Definite Rooms Nights Booked<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">781,235<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">651,507<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">19.9%<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,069,187<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,000,155<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">6.9%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 15.0px\">Net Definite Rooms Nights Booked<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">596,661<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">450,269<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">32.5%<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">748,337<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">700,587<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">6.8%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 15.0px\">Group Attrition (as % of contracted block)<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">15.2%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">16.3%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">-1.1pt<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">15.0%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">15.9%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">-0.9pt<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 15.0px\">Cancellations ITYFTY <sup>(2)<\/sup><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">13,961<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">21,748<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">-35.8<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">26,151<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">53,968<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">-51.5<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td \/><\/tr>\n<\/table>\n<p align=\"justify\"><sub>(1) Same-Store Hospitality segment excludes JW Marriott Hill Country, which was acquired June 30, 2023.<\/sub><\/p>\n<p align=\"justify\"><sub>(2) &#8220;ITYFTY&#8221; represents In The Year For The Year.<\/sub><\/p>\n<p align=\"justify\"><sub>Note: Hospitality segment and the Same-Store Hospitality portfolio second quarter 2024 results reflect franchise tax refunds for prior tax periods of 2020 through 2023 totaling approximately $5.6 million. Excluding the franchise tax refund related to prior years, for the three and six months ended June 30, 2024, Hospitality operating income was approximately $146.3 million and $248.5 million, respectively; Hospitality operating income margin was approximately 28.2% and 25.3%, respectively; Hospitality Adjusted EBITDA<em>re<\/em> was approximately $199.0 million and $353.6 million, respectively; Hospitality Adjusted EBITDA<em>re<\/em> margin was approximately 38.3% and 36.1%, respectively; same-store Hospitality operating income was approximately $130.9 million and $223.9 million, respectively; same-store Hospitality operating income margin was approximately 28.7% and 25.8%, respectively; same-store Hospitality Adjusted EBITDA<em>re<\/em> was approximately $176.1 million and $314.2 million, respectively; and same-store Hospitality Adjusted EBITDA<em>re<\/em> margin was approximately 38.6% and 36.2%, respectively.<\/sub><\/p>\n<p align=\"justify\"><sub>Note: For the Company\u2019s definitions of Revenue Per Available Room (RevPAR) and Total Revenue Per Available Room (Total RevPAR), see \u201cCalculation of RevPAR, Total RevPAR, and Occupancy\u201d below. Property-level results and operating metrics for Second quarter 2024 are presented in greater detail below and under \u201cSupplemental Financial Results\u2014Hospitality Segment Adjusted EBITDA<em>re<\/em> Reconciliations and Operating Metrics,\u201d which includes a reconciliation of the non-GAAP financial measures Hospitality Adjusted EBITDA<em>re<\/em> to Hospitality Operating Income, and property-level Adjusted EBITDA<em>re<\/em> to property-level Operating Income for each of the hotel properties.<\/sub><\/p>\n<p align=\"justify\"><strong>Hospitality Segment Highlights<\/strong><\/p>\n<ul type=\"disc\">\n<li style=\"text-align:justify\"><em>Same-store Hospitality portfolio achieved all-time record operating income of $136.4 million and record Adjusted EBITDAre of $181.7 million for the quarter, which were records even without the impact of the Tennessee franchise tax refunds.<\/em><\/li>\n<li style=\"text-align:justify\"><em>Banquet and AV revenue set an all-time record for the same-store Hospitality portfolio, reflecting the strength of our core group business.<\/em><\/li>\n<li style=\"text-align:justify\"><em>The same-store Hospitality portfolio achieved a second quarter record ADR of $254, an increase of 3.8% from Q2 2023, maintaining our continued rate growth. <\/em><\/li>\n<li style=\"text-align:justify\"><em>On a same-store basis, cancellations in the year for the year decreased by 36% in Q2 2024 compared to Q2 2023, and attrition and cancellation fee collections declined to $9.3 million in Q2 2024 from $10.3 million in Q2 2023.<\/em><\/li>\n<li style=\"text-align:justify\"><em>Successfully completed the first phase of the Gaylord Rockies Grand Lodge repositioning and the development of a new group pavilion.<\/em><\/li>\n<\/ul>\n<p align=\"justify\"><strong><u>Gaylord Opryland<\/u><\/strong><\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td colspan=\"8\" style=\"text-align: left;vertical-align: middle\">($ in thousands, except ADR, RevPAR, and Total RevPAR)<\/td>\n<td \/>\n<td \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\" \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td \/><\/tr>\n<tr>\n<td \/>\n<td colspan=\"9\" style=\"text-align: center;vertical-align: middle\"><strong>Three Months Ended<\/strong><\/td>\n<td \/>\n<td colspan=\"9\" style=\"text-align: center;vertical-align: middle\"><strong>Six Months Ended<\/strong><\/td>\n<\/tr>\n<tr>\n<td \/>\n<td colspan=\"9\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>June 30,<\/strong><\/td>\n<td \/>\n<td colspan=\"9\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>June 30,<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:49%;width:49%;min-width:49%\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:7%;width:7%;min-width:7%;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2024<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:7%;width:7%;min-width:7%;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2023<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:5%;width:5%;min-width:5%;border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>% \u2206<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:7%;width:7%;min-width:7%;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2024<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:7%;width:7%;min-width:7%;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2023<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:5%;width:5%;min-width:5%;border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>% \u2206<\/strong><\/td>\n<\/tr>\n<tr>\n<td \/>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Revenue<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$130,352<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$110,475<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">18.0%<\/td>\n<td \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$234,187<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$222,281<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">5.4%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Operating income<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$50,642<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$32,011<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">58.2%<\/td>\n<td \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$75,467<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$63,706<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">18.5%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Operating income margin<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">38.9%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">29.0%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">9.9pt<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">32.2%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">28.7%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">3.5pt<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Adjusted EBITDAre<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$58,830<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$40,511<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">45.2%<\/td>\n<td \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$91,777<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$80,748<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">13.7%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Adjusted EBITDAre margin<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">45.1%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">36.7%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">8.4pt<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">39.2%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">36.3%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">2.9pt<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 15.0px\">Occupancy<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">75.4%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">71.2%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">4.2pt<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">70.2%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">71.9%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">-1.7pt<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 15.0px\">Average daily rate (ADR)<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$260.98<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$252.01<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">3.6%<\/td>\n<td \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$253.71<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$246.07<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">3.1%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 15.0px\">RevPAR<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$196.85<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$179.38<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">9.7%<\/td>\n<td \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$178.23<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$176.90<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">0.8%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 15.0px\">Total RevPAR<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$496.00<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$420.36<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">18.0%<\/td>\n<td \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$445.55<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$425.23<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">4.8%<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td \/><\/tr>\n<\/table>\n<p align=\"left\"><sub>Note: Gaylord Opryland second quarter 2024 results reflect franchise tax refunds for prior tax periods of 2020 through 2023 totaling approximately $5.4 million. Excluding the franchise tax refund related to prior years, for the three and six months ended June 30, 2024, operating income was approximately $45.3 million and $70.1 million, respectively; operating income margin was approximately 34.7% and 29.9%, respectively; Adjusted EBITDA<em>re<\/em> was approximately $53.5 million and $86.4 million, respectively; and Adjusted EBITDA<em>re<\/em> margin was approximately 41.0% and 36.9%, respectively.<\/sub><\/p>\n<p align=\"justify\"><strong><u>Gaylord Palms<\/u><\/strong><\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td colspan=\"8\" style=\"text-align: left;vertical-align: middle\">($ in thousands, except ADR, RevPAR, and Total RevPAR)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td \/><\/tr>\n<tr>\n<td \/>\n<td colspan=\"9\" style=\"text-align: center;vertical-align: middle\"><strong>Three Months Ended<\/strong><\/td>\n<td \/>\n<td colspan=\"9\" style=\"text-align: center;vertical-align: middle\"><strong>Six Months Ended<\/strong><\/td>\n<\/tr>\n<tr>\n<td \/>\n<td colspan=\"9\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>June 30,<\/strong><\/td>\n<td \/>\n<td colspan=\"9\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>June 30,<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:49%;width:49%;min-width:49%\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:7%;width:7%;min-width:7%;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2024<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:7%;width:7%;min-width:7%;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2023<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:5%;width:5%;min-width:5%;border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>% \u2206<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:7%;width:7%;min-width:7%;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2024<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:7%;width:7%;min-width:7%;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2023<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:5%;width:5%;min-width:5%;border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>% \u2206<\/strong><\/td>\n<\/tr>\n<tr>\n<td \/>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Revenue<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$68,799<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$73,829<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">-6.8%<\/td>\n<td \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$154,262<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$158,375<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">-2.6%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Operating income<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$13,479<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$18,322<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">-26.4%<\/td>\n<td \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$38,485<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$45,956<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">-16.3%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Operating income margin<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">19.6%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">24.8%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">-5.2pt<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">24.9%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">29.0%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">-4.1pt<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Adjusted EBITDAre<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$20,361<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$24,895<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">-18.2%<\/td>\n<td \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$52,232<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$59,170<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">-11.7%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Adjusted EBITDAre margin<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">29.6%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">33.7%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">-4.1pt<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">33.9%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">37.4%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">-3.5pt<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 15.0px\">Occupancy<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">62.5%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">75.8%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">-13.3pt<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">68.5%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">77.6%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">-9.1pt<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 15.0px\">Average daily rate (ADR)<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$235.54<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$243.55<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">-3.3%<\/td>\n<td \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$253.19<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$250.74<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">1.0%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 15.0px\">RevPAR<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$147.22<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$184.58<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">-20.2%<\/td>\n<td \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$173.55<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$194.62<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">-10.8%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 15.0px\">Total RevPAR<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$440.07<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$472.24<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">-6.8%<\/td>\n<td \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$493.36<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$509.31<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">-3.1%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/><\/tr>\n<\/table>\n<p align=\"justify\"><strong><u>Gaylord Texan<\/u><\/strong><\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td colspan=\"8\" style=\"text-align: left;vertical-align: middle\">($ in thousands, except ADR, RevPAR, and Total RevPAR)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td \/><\/tr>\n<tr>\n<td \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td \/><\/tr>\n<tr>\n<td \/>\n<td colspan=\"9\" style=\"text-align: center;vertical-align: middle\"><strong>Three Months Ended<\/strong><\/td>\n<td \/>\n<td colspan=\"9\" style=\"text-align: center;vertical-align: middle\"><strong>Six Months Ended<\/strong><\/td>\n<\/tr>\n<tr>\n<td \/>\n<td colspan=\"9\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>June 30,<\/strong><\/td>\n<td \/>\n<td colspan=\"9\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>June 30,<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:49%;width:49%;min-width:49%\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:7%;width:7%;min-width:7%;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2024<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:7%;width:7%;min-width:7%;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2023<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:5%;width:5%;min-width:5%;border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>% \u2206<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:7%;width:7%;min-width:7%;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2024<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:7%;width:7%;min-width:7%;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2023<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:5%;width:5%;min-width:5%;border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>% \u2206<\/strong><\/td>\n<\/tr>\n<tr>\n<td \/>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Revenue<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$83,897<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$81,479<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">3.0%<\/td>\n<td \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$168,799<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$167,877<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">0.5%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Operating income<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$26,314<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$26,105<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">0.8%<\/td>\n<td \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$52,346<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$54,193<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">-3.4%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Operating income margin<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">31.4%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">32.0%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">-0.6pt<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">31.0%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">32.3%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">-1.3pt<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Adjusted EBITDAre<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$32,058<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$31,823<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">0.7%<\/td>\n<td \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$63,981<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$65,677<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">-2.6%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Adjusted EBITDAre margin<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">38.2%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">39.1%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">-0.9pt<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">37.9%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">39.1%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">-1.2pt<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 15.0px\">Occupancy<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">78.8%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">75.1%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">3.7pt<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">76.0%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">76.1%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">-0.1pt<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 15.0px\">Average daily rate (ADR)<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$252.61<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$234.86<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">7.6%<\/td>\n<td \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$246.43<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$232.83<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">5.8%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 15.0px\">RevPAR<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$199.18<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$176.49<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">12.9%<\/td>\n<td \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$187.36<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$177.19<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">5.7%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 15.0px\">Total RevPAR<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$508.24<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$493.59<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">3.0%<\/td>\n<td \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$511.28<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$511.30<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">-0.0%<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td \/><\/tr>\n<\/table>\n<p align=\"justify\"><strong><u>Gaylord National<\/u><\/strong><\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td colspan=\"8\" style=\"text-align: left;vertical-align: middle\">($ in thousands, except ADR, RevPAR, and Total RevPAR)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td \/><\/tr>\n<tr>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td \/><\/tr>\n<tr>\n<td \/>\n<td colspan=\"9\" style=\"text-align: center;vertical-align: middle\"><strong>Three Months Ended<\/strong><\/td>\n<td \/>\n<td colspan=\"9\" style=\"text-align: center;vertical-align: middle\"><strong>Six Months Ended<\/strong><\/td>\n<\/tr>\n<tr>\n<td \/>\n<td colspan=\"9\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>June 30,<\/strong><\/td>\n<td \/>\n<td colspan=\"9\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>June 30,<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:49%;width:49%;min-width:49%\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:7%;width:7%;min-width:7%;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2024<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:7%;width:7%;min-width:7%;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2023<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:5%;width:5%;min-width:5%;border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>% \u2206<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:7%;width:7%;min-width:7%;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2024<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:7%;width:7%;min-width:7%;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2023<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:5%;width:5%;min-width:5%;border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>% \u2206<\/strong><\/td>\n<\/tr>\n<tr>\n<td \/>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Revenue<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$88,369<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$77,014<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;vertical-align: middle;text-align: left;padding-left: 30.0px\">14.7%<\/td>\n<td \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$156,643<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$149,786<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">4.6%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Operating income<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$22,321<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$14,926<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">49.5%<\/td>\n<td \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$27,544<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$22,981<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">19.9%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Operating income margin<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">25.3%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">19.4%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">5.9pt<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">17.6%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">15.3%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">2.3pt<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Adjusted EBITDAre<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$31,921<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$24,453<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">30.5%<\/td>\n<td \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$46,740<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$42,073<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">11.1%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Adjusted EBITDAre margin<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">36.1%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">31.8%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">4.3pt<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">29.8%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">28.1%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">1.7pt<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 15.0px\">Occupancy<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">70.8%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">67.8%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">3.0pt<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">67.6%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">67.6%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">0.0pt<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 15.0px\">Average daily rate (ADR)<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$263.88<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$251.80<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">4.8%<\/td>\n<td \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$250.67<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$245.80<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">2.0%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 15.0px\">RevPAR<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$186.90<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$170.65<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">9.5%<\/td>\n<td \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$169.54<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$166.06<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">2.1%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 15.0px\">Total RevPAR<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$486.52<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$424.00<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">14.7%<\/td>\n<td \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$431.20<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$414.60<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">4.0%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/><\/tr>\n<\/table>\n<p align=\"justify\"><strong><u>Gaylord Rockies<\/u><\/strong><\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td colspan=\"8\" style=\"text-align: left;vertical-align: middle\">($ in thousands, except ADR, RevPAR, and Total RevPAR)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td \/><\/tr>\n<tr>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td \/><\/tr>\n<tr>\n<td \/>\n<td colspan=\"9\" style=\"text-align: center;vertical-align: middle\"><strong>Three Months Ended<\/strong><\/td>\n<td \/>\n<td colspan=\"9\" style=\"text-align: center;vertical-align: middle\"><strong>Six Months Ended<\/strong><\/td>\n<\/tr>\n<tr>\n<td \/>\n<td colspan=\"9\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>June 30,<\/strong><\/td>\n<td \/>\n<td colspan=\"9\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>June 30,<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:49%;width:49%;min-width:49%\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:7%;width:7%;min-width:7%;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2024<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:7%;width:7%;min-width:7%;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2023<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:5%;width:5%;min-width:5%;border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>% \u2206<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:7%;width:7%;min-width:7%;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2024<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:7%;width:7%;min-width:7%;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2023<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:5%;width:5%;min-width:5%;border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>% \u2206<\/strong><\/td>\n<\/tr>\n<tr>\n<td \/>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Revenue<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$76,836<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$67,127<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">14.5%<\/td>\n<td \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$140,658<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$131,174<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">7.2%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Operating income<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$21,436<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$14,691<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">45.9%<\/td>\n<td \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$33,433<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$25,559<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">30.8%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Operating income margin<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">27.9%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">21.9%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">6.0pt<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">23.8%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">19.5%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">4.3pt<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Adjusted EBITDAre<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$35,574<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$28,815<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">23.5%<\/td>\n<td \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$61,412<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$53,728<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">14.3%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Adjusted EBITDAre margin<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">46.3%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">42.9%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">3.4pt<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">43.7%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">41.0%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">2.7pt<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 15.0px\">Occupancy<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">80.4%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">77.8%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">2.6pt<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">72.4%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">73.9%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">-1.5pt<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 15.0px\">Average daily rate (ADR)<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$255.44<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$247.92<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">3.0%<\/td>\n<td \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$249.55<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$240.94<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">3.6%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 15.0px\">RevPAR<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$205.25<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$192.84<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">6.4%<\/td>\n<td \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$180.77<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$177.98<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">1.6%<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 15.0px\">Total RevPAR<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$562.53<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$491.45<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">14.5%<\/td>\n<td \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$514.89<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$482.82<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">6.6%<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td \/><\/tr>\n<\/table>\n<p align=\"justify\"><strong><u>JW Marriott Hill Country<\/u><sup>(<\/sup><\/strong><strong><sup><strong>1)<\/strong><\/sup><\/strong><\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td colspan=\"8\" style=\"text-align: left;vertical-align: middle\">($ in thousands, except ADR, RevPAR, and Total RevPAR)<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/><\/tr>\n<tr>\n<td \/>\n<td colspan=\"4\" style=\"text-align: center;vertical-align: middle\"><strong>Three Months Ended<\/strong><\/td>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle\"><strong>Six Months Ended<\/strong><\/td>\n<\/tr>\n<tr>\n<td \/>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>June 30,<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>June 30,<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:49%;width:49%;min-width:49%\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:22%;width:22%;min-width:22%;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2024<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:3%;width:3%;min-width:3%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:22%;width:22%;min-width:22%;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2024<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Revenue<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$62,850<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$112,791<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Operating income<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$15,438<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$24,572<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Operating income margin<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">24.6%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">21.8%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Adjusted EBITDAre<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$22,909<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$39,440<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Adjusted EBITDAre margin<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">36.5%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">35.0%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" \/><\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 15.0px\">Occupancy<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">79.0%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">71.3%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 15.0px\">Average daily rate (ADR)<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$324.18<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$318.83<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 15.0px\">RevPAR<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$256.23<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$227.31<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 15.0px\">Total RevPAR<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$689.28<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$618.50<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle\" \/><\/tr>\n<\/table>\n<p align=\"justify\"><sub><sup>(1)<\/sup> JW Marriott Hill Country was acquired by the Company on June 30, 2023, therefore there are no comparison figures.<\/sub><\/p>\n<p align=\"justify\"><strong><u>Entertainment Segment<\/u><\/strong><\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">($ in thousands)<\/td>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"4\" \/>\n<td \/><\/tr>\n<tr>\n<td \/>\n<td colspan=\"4\" style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"4\" \/>\n<td \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"9\" style=\"text-align: center;vertical-align: middle\"><strong>Three Months Ended<\/strong><\/td>\n<td \/>\n<td colspan=\"9\" style=\"text-align: center;vertical-align: middle\"><strong>Six Months Ended<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"9\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>June 30,<\/strong><\/td>\n<td \/>\n<td colspan=\"9\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>June 30,<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:49%;width:49%;min-width:49%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:7%;width:7%;min-width:7%;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><u><strong>2024<\/strong><\/u><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-right: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:7%;width:7%;min-width:7%;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><u><strong>2023<\/strong><\/u><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:5%;width:5%;min-width:5%;text-align: center;vertical-align: middle\"><u><strong>% \u2206<\/strong><\/u><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-right: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:7%;width:7%;min-width:7%;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><u><strong>2024<\/strong><\/u><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-right: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:7%;width:7%;min-width:7%;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><u><strong>2023<\/strong><\/u><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:5%;width:5%;min-width:5%;text-align: center;vertical-align: middle\"><u><strong>% \u2206<\/strong><\/u><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Revenue<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$94,203<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$87,158<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">8.1%<\/td>\n<td \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$161,078<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$154,438<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">4.3%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Operating income<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$25,822<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$24,601<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">5.0%<\/td>\n<td \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$31,934<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$34,992<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">-8.7%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Operating income margin<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">27.4%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">28.2%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">-0.8pt<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">19.8%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">22.7%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">-2.9pt<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Adjusted EBITDAre<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$35,744<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$29,416<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">21.5%<\/td>\n<td \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$51,283<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$43,762<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">17.2%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Adjusted EBITDAre margin<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">37.9%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">33.8%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">4.1pt<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">31.8%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">28.3%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">3.5pt<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"4\" \/>\n<td \/><\/tr>\n<\/table>\n<p align=\"justify\"><sub>Note: Entertainment segment second quarter 2024 results reflect franchise tax refunds for prior tax periods of 2020 through 2023 totaling approximately $3.4 million. Excluding the franchise tax refund related to prior years, for the three and six months ended June 30, 2024, operating income was approximately $22.4 million and $28.6 million, respectively; operating income margin was approximately 23.8% and 17.7%, respectively; Adjusted EBITDA<em>re<\/em> was approximately $32.4 million and $47.9 million, respectively; and Adjusted EBITDA<em>re<\/em> margin was approximately 34.4% and 29.7%, respectively.<\/sub><\/p>\n<p align=\"justify\">Fioravanti continued, \u201cOur Entertainment business delivered solid performance, including an all-time quarterly record for revenue led by the Grand Ole Opry and our Ole Red brand. We are particularly pleased with these results given the planned construction-related disruption at Category 10 and the W Austin Hotel at Block 21. We look forward to their enhanced contribution in 2025.\u201d<\/p>\n<p align=\"justify\"><strong><u>Corporate and Other Segment <\/u><\/strong><\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">($ in thousands)<\/td>\n<td colspan=\"4\" \/>\n<td colspan=\"4\" \/>\n<td \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"4\" \/>\n<td \/><\/tr>\n<tr>\n<td \/>\n<td colspan=\"9\" style=\"text-align: center;vertical-align: middle\"><strong>Three Months Ended<\/strong><\/td>\n<td \/>\n<td colspan=\"9\" style=\"text-align: center;vertical-align: middle\"><strong>Six Months Ended<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"9\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>June 30,<\/strong><\/td>\n<td \/>\n<td colspan=\"9\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>June 30,<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:49%;width:49%;min-width:49%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:7%;width:7%;min-width:7%;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><u><strong>2024<\/strong><\/u><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-right: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:7%;width:7%;min-width:7%;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><u><strong>2023<\/strong><\/u><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:5%;width:5%;min-width:5%;text-align: center;vertical-align: middle\"><u><strong>% \u2206<\/strong><\/u><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-right: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:7%;width:7%;min-width:7%;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><u><strong>2024<\/strong><\/u><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-right: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:7%;width:7%;min-width:7%;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><u><strong>2023<\/strong><\/u><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"max-width:5%;width:5%;min-width:5%;text-align: center;vertical-align: middle\"><u><strong>% \u2206<\/strong><\/u><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"4\" \/>\n<td \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"4\" \/>\n<td \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Operating loss<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">($9,636<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">($10,094<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">4.5%<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">($21,552<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">($20,905<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">-3.1%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Adjusted EBITDAre<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">($7,164<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">($7,381<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">2.9%<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">($16,231<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">($15,287<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">-6.2%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"4\" \/>\n<td \/><\/tr>\n<\/table>\n<p align=\"justify\"><sub>Note: Corporate and Other segment second quarter 2024 results reflect franchise tax refunds for prior tax periods of 2020 through 2023 totaling approximately $0.1 million.<\/sub><\/p>\n<p align=\"justify\"><strong>2024 Guidance<\/strong><\/p>\n<p align=\"justify\">Fioravanti concluded, \u201cWe are pleased to increase our full year 2024 outlook for consolidated net income, operating income, Adjusted EBITDAre and Adjusted FFO, to reflect the change in Tennessee franchise tax law and estimated cash interest expense savings from the OEG refinancing. Our outlook assumes continued strength in our group business and our anticipated strong operating expense discipline, which we believe will offset the profitability impact of continued leisure transient softness. We remain confident in our group-centric model and the investments we are making across our portfolio to continue to create value for our guests and shareholders.\u201d<\/p>\n<p align=\"justify\">The Company is updating its 2024 business performance outlook based on current information as of July 31, 2024. The Company does not expect to update the guidance provided below before next quarter\u2019s earnings release. However, the Company may update its full business outlook or any portion thereof at any time for any reason.<\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\"><em>($ in millions, except per share figures)<\/em><\/td>\n<td colspan=\"7\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle\"><strong>New Guidance<\/strong><\/td>\n<td style=\"border-left: solid black 1pt;text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle\"><strong>New FY<\/strong><\/td>\n<td style=\"border-left: solid black 1pt;text-align: right;vertical-align: middle\" \/>\n<td colspan=\"7\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Prior Guidance<\/strong><\/td>\n<td style=\"border-left: solid black 1pt;text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Prior FY<\/strong><\/td>\n<td style=\"border-left: solid black 1pt;text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" rowspan=\"2\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Change <sup>(<\/sup><\/strong><sup><strong>1)<\/strong><\/sup><\/td>\n<\/tr>\n<tr>\n<td \/>\n<td colspan=\"7\" style=\"border-right: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Full Year 2024<\/strong><sup><strong>(1)<\/strong><\/sup><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-right: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle\"><strong>2024 Guidance<\/strong><sup><strong>(1)<\/strong><\/sup><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"7\" style=\"border-right: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Full Year 2024<\/strong><sup><strong>(1)<\/strong><\/sup><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-right: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle\"><strong>2024 Guidance<\/strong><sup><strong>(1)<\/strong><\/sup><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td colspan=\"3\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Low <\/strong><\/td>\n<td style=\"border-top: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>High<\/strong><\/td>\n<td \/>\n<td colspan=\"3\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Midpoint<\/strong><\/td>\n<td \/>\n<td colspan=\"3\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Low <\/strong><\/td>\n<td style=\"border-top: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>High<\/strong><\/td>\n<td \/>\n<td colspan=\"3\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Midpoint<\/strong><\/td>\n<td \/>\n<td colspan=\"3\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Midpoint<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-top: solid black 1pt;border-left: solid black 1pt;text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-left: solid black 1pt;text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" style=\"border-top: solid black 1pt;border-left: solid black 1pt;text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-left: solid black 1pt;text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-left: solid black 1pt;text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Consolidated Hospitality RevPAR growth (same-store) <sup>(2)<\/sup><\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1.00<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3.00<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2.00<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3.50<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">5.50<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">4.50<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">-2.50<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Consolidated Hospitality Total RevPAR growth (same-store) <sup>(<\/sup><sup>2)<\/sup><\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2.75<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">4.75<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3.75<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3.25<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">5.25<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">4.25<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">-0.50<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-left: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-right: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-right: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" style=\"border-left: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-right: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-right: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" style=\"border-right: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\"><u>Operating Income<\/u><\/td>\n<td colspan=\"3\" style=\"border-left: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-right: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-right: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" style=\"border-left: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-right: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-right: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" style=\"border-right: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Hospitality (same-store) <sup>(2)<\/sup><\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">447.5<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">456.0<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">451.8<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">434.5<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">450.5<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">442.5<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">9.3<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">JW Marriott Hill Country<\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">37.0<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">38.0<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">37.5<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">35.0<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">40.0<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">37.5<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Entertainment<\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">70.5<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">73.5<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">72.0<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">65.5<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">71.5<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">68.5<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3.5<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Corporate and Other<\/td>\n<td style=\"border-bottom: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(44.8<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(43.0<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(43.9<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td \/>\n<td style=\"border-bottom: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(44.8<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(43.0<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(43.9<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td \/>\n<td style=\"border-bottom: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\"><strong>Consolidated Operating Income<\/strong><\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong>510.2<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong>524.5<\/strong><\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong>517.4<\/strong><\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong>490.2<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong>519.0<\/strong><\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong>504.6<\/strong><\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong>12.8<\/strong><\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-left: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-right: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-right: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" style=\"border-left: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-right: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-right: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" style=\"border-right: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\"><u>Adjusted EBITDA<\/u><u><em>re<\/em><\/u><\/td>\n<td colspan=\"3\" style=\"border-left: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-right: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-right: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" style=\"border-left: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-right: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-right: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" style=\"border-right: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Hospitality (same-store) <sup>(<\/sup><sup>2)<\/sup><\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">625.5<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">640.5<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">633.0<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">612.5<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">635.0<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">623.8<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">9.3<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">JW Marriott Hill Country<\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">65.0<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">70.0<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">67.5<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">63.0<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">72.0<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">67.5<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Entertainment<\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">105.0<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">112.0<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">108.5<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">100.0<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">110.0<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">105.0<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3.5<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Corporate and Other<\/td>\n<td style=\"border-bottom: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(35.0<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(32.0<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(33.5<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td \/>\n<td style=\"border-bottom: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(35.0<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(32.0<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(33.5<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td \/>\n<td style=\"border-bottom: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\"><strong>Consolidated Adjusted EBITDA<\/strong><em><strong>re<\/strong><\/em><\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong>760.5<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong>790.5<\/strong><\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong>775.5<\/strong><\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong>740.5<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong>785.0<\/strong><\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong>762.8<\/strong><\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong>12.8<\/strong><\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-left: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-right: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-right: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-left: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-right: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-right: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-right: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Net Income<\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">281.0<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">287.5<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">284.3<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">259.0<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">280.0<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">269.5<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">14.8<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Net Income available to common stockholders<\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">271.0<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">281.5<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">276.3<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">249.0<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">274.0<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">261.5<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">14.8<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-left: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-right: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-right: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" style=\"border-left: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-right: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-right: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" style=\"border-right: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Funds from Operations (FFO) available to common stockholders and unit holders<\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">485.3<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">508.0<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">496.6<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">463.3<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">500.5<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">481.9<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">14.8<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Adjusted FFO available to common stockholders and unit holders<\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">511.8<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">543.0<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">527.4<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">489.8<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">535.5<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">512.6<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">14.8<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-left: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-right: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-right: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" style=\"border-left: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-right: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-right: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" style=\"border-right: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Diluted income per share available to common stockholders<\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">4.38<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">4.49<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">4.44<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">4.01<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">4.33<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">4.17<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">0.27<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Adjusted FFO available to common stockholders and unit holders per diluted share<\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">8.09<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">8.51<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">8.30<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">7.69<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">8.33<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">8.01<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">0.29<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-left: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-right: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-right: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" style=\"border-left: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-right: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-right: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" style=\"border-right: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Estimated diluted shares outstanding to common stockholders <sup>(<\/sup><sup>3)<\/sup><\/td>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">64.1<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">64.1<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">64.1<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">64.6<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">64.6<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">64.6<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(0.5<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Estimated diluted shares outstanding to common stockholders and unit holders <sup>(<\/sup><sup>3)<\/sup><\/td>\n<td style=\"border-bottom: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">64.5<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">64.5<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">64.5<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"border-bottom: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">65.0<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">65.0<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">65.0<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"border-bottom: solid black 1pt;border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(0.5<\/td>\n<td style=\"border-right: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<\/tr>\n<\/table>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"max-width:5%;width:5%;min-width:5%;vertical-align: middle;text-align: left;padding-left: 30.0px\"><sub>(1)<\/sub><\/td>\n<td style=\"max-width:95%;width:95%;min-width:95%\"><sub>Includes JW Marriott Hill Country, except as otherwise noted. Amounts are calculated based on unrounded numbers.<\/sub><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 30.0px\"><sub>(2)<\/sub><\/td>\n<td><sub>Same-store excludes JW Marriott Hill Country.<\/sub><\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 30.0px\"><sub>(3)<\/sub><\/td>\n<td><sub>Includes shares related to the currently unexercisable investor put rights associated with the noncontrolling interest in the Company\u2019s OEG business, which may be settled in cash or shares at the Company\u2019s option.<\/sub><\/td>\n<\/tr>\n<tr>\n<td \/>\n<td \/><\/tr>\n<\/table>\n<p align=\"justify\"><sub>Note: For reconciliations of Consolidated Adjusted EBITDA<em>re <\/em>guidance to Net Income, segment-level Adjusted EBITDA<em>re <\/em>to segment-level Operating Income, property-level Adjusted EBITDA<em>re<\/em> for JW Marriott Hill Country to property-level Operating Income, and FFO and Adjusted FFO available to common stockholders and unitholders to Net Income, see \u201cReconciliation of Forward-Looking Statements\u201d below.<\/sub><\/p>\n<p align=\"justify\"><strong>Capital Expenditures Update<\/strong><br \/>As of June 30, 2024, full year 2024 capital expenditures are estimated to be $375 million to $425 million, unchanged at the midpoint of $400 million.<\/p>\n<p align=\"justify\"><strong>Dividend Update<\/strong><br \/>On July 15, 2024, the Company paid the previously declared second quarter 2024 cash dividend of $1.10 per share of common stock, to stockholders of record as of June 28, 2024. The Company\u2019s dividend policy provides that it will distribute minimum dividends of 100% of REIT taxable income annually. It is the Company\u2019s current plan to distribute aggregate minimum dividends for 2024 of$4.40per share in cash. Future dividends are subject to the Board\u2019s future determinations as to amount and timing.<\/p>\n<p align=\"justify\"><strong>Balance Sheet\/Liquidity Update<\/strong><br \/>As of June 30, 2024, the Company had total debt outstanding of $3,373.4 million, net of unamortized deferred financing costs, and unrestricted cash of $498.4 million. As of June 30, 2024, there were no amounts drawn under the Company\u2019s revolving credit facility, $17.0 million was drawn under OEG\u2019s revolving credit facility, and the lending banks had issued $4.3 million in letters of credit under the Company\u2019s revolving credit facility, which left $758.7 million of aggregate borrowing availability under the Company\u2019s revolving credit facility and OEG\u2019s revolving credit facility.<\/p>\n<p align=\"justify\"><strong>Earnings Call Information<\/strong><br \/>Ryman Hospitality Properties will hold a conference call to discuss this release tomorrow, August 1, 2024, at 11:00 a.m. ET. Investors can listen to the conference call over the Internet at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=VyRpeoaQdLe2NtU4e6CZCORdLBXl6iR2PM85MdLUlKfTroduoF_fsl9szVrecD9oPeoUp7zMGqHRPITAHqtbkg==\" rel=\"nofollow noopener\" target=\"_blank\" title=\"www.rymanhp.com\">www.rymanhp.com<\/a>. To listen to the live call, please go to the Investor Relations section of the website (Investor Relations\/News &amp; Events\/Events &amp; Presentation) at least 15 minutes prior to the call to register and download any necessary audio software. For those who cannot listen to the live broadcast, a replay will be available shortly after the call and will be available for at least 30 days.<\/p>\n<p align=\"justify\"><strong>About Ryman Hospitality Properties, Inc.<\/strong><br \/>Ryman Hospitality Properties, Inc. (NYSE: RHP) is a leading lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Company\u2019s holdings include Gaylord Opryland Resort &amp; Convention Center; Gaylord Palms Resort &amp; Convention Center; Gaylord Texan Resort &amp; Convention Center; Gaylord National Resort &amp; Convention Center; and Gaylord Rockies Resort &amp; Convention Center, five of the top seven largest non-gaming convention center hotels in the United States based on total indoor meeting space. The Company also owns the JW Marriott San Antonio Hill Country Resort &amp; Spa as well as two ancillary hotels adjacent to our Gaylord Hotels properties. The Company\u2019s hotel portfolio is managed by Marriott International and includes a combined total of 11,414 rooms as well as more than 3 million square feet of total indoor and outdoor meeting space in top convention and leisure destinations across the country. RHP also owns a 70% controlling ownership interest in Opry Entertainment Group (OEG), which is composed of entities owning a growing collection of iconic and emerging country music brands, including the Grand Ole Opry, Ryman Auditorium, WSM 650 AM, Ole Red, Nashville-area attractions, and Block 21, a mixed-use entertainment, lodging, office and retail complex, including the W Austin Hotel and the ACL Live at the Moody Theater, located in downtown Austin, Texas. RHP operates OEG as its Entertainment segment in a taxable REIT subsidiary, and its results are consolidated in the Company\u2019s financial results.<\/p>\n<p align=\"justify\"><strong>Cautionary Note Regarding Forward-Looking Statements<\/strong><br \/>This press release contains statements as to the Company\u2019s beliefs and expectations of the outcome of future events that are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. You can identify these statements by the fact that they do not relate strictly to historical or current facts. Examples of these statements include, but are not limited to, statements regarding the future performance of the Company\u2019s business, anticipated business levels and anticipated financial results for the Company during future periods, the Company\u2019s expected cash dividend, and other business or operational issues. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from the statements made. These include the risks and uncertainties associated with economic conditions affecting the hospitality business generally, the geographic concentration of the Company\u2019s hotel properties, business levels at the Company\u2019s hotels, the effects of inflation on the Company\u2019s business, including the effects on costs of labor and supplies and effects on group customers at the Company\u2019s hotels and customers in OEG\u2019s businesses, the Company\u2019s ability to remain qualified as a REIT, the Company\u2019s ability to execute our strategic goals as a REIT, the Company\u2019s ability to generate cash flows to support dividends, future board determinations regarding the timing and amount of dividends and changes to the dividend policy, the Company\u2019s ability to borrow funds pursuant to its credit agreements and to refinance indebtedness and\/or to successfully amend the agreements governing its indebtedness in the future, and changes in interest rates. Other factors that could cause operating and financial results to differ are described in the filings made from time to time by the Company with theU.S. Securities and Exchange Commission(SEC) and include the risk factors and other risks and uncertainties described in the Company\u2019s Annual Report on Form 10-K for the fiscal year endedDecember 31, 2023, and subsequent filings. The Company does not undertake any obligation to release publicly any revisions to forward-looking statements made by it to reflect events or circumstances occurring after the date hereof or the occurrence of unanticipated events.<\/p>\n<p align=\"justify\"><strong>Additional Information<\/strong><br \/>This release should be read in conjunction with the consolidated financial statements and notes thereto included in our most recent Annual Report on Form 10-K. Copies of our reports are available on our website at no expense at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=VyRpeoaQdLe2NtU4e6CZCJuknRimwIV68BO0GFFdNvgDEruEKPj1n8AaWD4jknnLlR4icqcqm8VloghlJ-gk8Q==\" rel=\"nofollow noopener\" target=\"_blank\" title=\"www.rymanhp.com\">www.rymanhp.com<\/a>and through the SEC\u2019s Electronic Data Gathering Analysis and Retrieval System (\u201cEDGAR\u201d) at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ifUNqZ32FjdcizhtpBg4QvoSPV6kv3UxniPf4SKPzGUmaLwqliw0CB58_0H-LadHCbaR365c56YP4GxfheqaUg==\" rel=\"nofollow noopener\" target=\"_blank\" title=\"www.sec.gov\">www.sec.gov<\/a>.<\/p>\n<p align=\"justify\"><strong><em>Calculation of RevPAR and Total RevPAR<\/em><\/strong><br \/>We calculate revenue per available room (\u201cRevPAR\u201d) for our hotels by dividing room revenue by room nights available to guests for the period. We calculate total revenue per available room (\u201cTotal RevPAR\u201d) for our hotels by dividing the sum of room revenue, food &amp; beverage, and other ancillary services revenue by room nights available to guests for the period. Hospitality metrics do not include the results of the W Austin, which is included in the Entertainment segment.<\/p>\n<p align=\"justify\"><strong><em>Calculation of GAAP Margin Figures<\/em><\/strong><br \/>We calculate Net Income available to common stockholders margin by dividing GAAP consolidated Net Income available to common stockholders by GAAP consolidated Total Revenue. We calculate consolidated, segment or property-level Operating Income Margin by dividing consolidated, segment or property-level GAAP Operating Income by consolidated, segment or property-level GAAP Revenue.<\/p>\n<p align=\"justify\"><strong><em>Non-GAAP Financial Measures<\/em><\/strong><br \/>We present the following non-GAAP financial measures we believe are useful to investors as key measures of our operating performance:<\/p>\n<p align=\"justify\"><strong><em>EBITDAre<\/em><\/strong><strong>, <\/strong><strong><em>Adjusted EBITDAre<\/em><\/strong> <strong><em>and Adjusted EBITDAre<\/em><\/strong><strong>, <\/strong><strong><em>Excluding Noncontrolling Interest in Consolidated Joint Venture Definition<\/em><\/strong><br \/>We calculate EBITDA<em>re,<\/em>which is defined by the National Association of Real Estate Investment Trusts (\u201cNAREIT\u201d) in its September2017 white paper as Net Income (calculated in accordance with GAAP) plus interest expense, income tax expense, depreciation and amortization, gains or losses on the disposition of depreciated property (including gains or losses on change in control), impairment write-downs of depreciated property and of investments in unconsolidated affiliates caused by a decrease in the value of depreciated property of the affiliate, and adjustments to reflect the entity\u2019s share of EBITDA<em>re<\/em>of unconsolidated affiliates.<\/p>\n<p align=\"justify\">Adjusted EBITDA<em>re<\/em> is then calculated as EBITDA<em>re<\/em>, plus to the extent the following adjustments occurred during the periods presented:<\/p>\n<ul type=\"disc\">\n<li style=\"text-align:justify\">preopening costs;<\/li>\n<li style=\"text-align:justify\">non-cash lease expense;<\/li>\n<li style=\"text-align:justify\">equity-based compensation expense;<\/li>\n<li style=\"text-align:justify\">impairment charges that do not meet the NAREIT definition above;<\/li>\n<li style=\"text-align:justify\">credit losses on held-to-maturity securities;<\/li>\n<li style=\"text-align:justify\">transaction costs of acquisitions;<\/li>\n<li style=\"text-align:justify\">interest income on bonds;<\/li>\n<li style=\"text-align:justify\">loss on extinguishment of debt;<\/li>\n<li style=\"text-align:justify\">pension settlement charges;<\/li>\n<li style=\"text-align:justify\">pro rata Adjusted EBITDA<em>re<\/em>from unconsolidated joint ventures; and<\/li>\n<li style=\"text-align:justify\">any other adjustments we have identified herein.<\/li>\n<\/ul>\n<p align=\"justify\">We then exclude the pro rata share of Adjusted EBITDA<em>re<\/em> related to noncontrolling interests in consolidated joint ventures to calculate Adjusted EBITDA<em>re<\/em>, Excluding Noncontrolling Interest in Consolidated Joint Venture.<\/p>\n<p align=\"justify\">We use EBITDA<em>re<\/em>, Adjusted EBITDA<em>re<\/em>and Adjusted EBITDA<em>re<\/em>, Excluding Noncontrolling Interest in Consolidated Joint Venture and segment or property-level EBITDA<em>re<\/em> and Adjusted EBITDA<em>re<\/em> to evaluate our operating performance. We believe that the presentation of these non-GAAP financial measures provides useful information to investors regarding our operating performance and debt leverage metrics, and that the presentation of these non-GAAP financial measures, when combined with the primary GAAP presentation of Net Income or Operating Income, as applicable, is beneficial to an investor\u2019s complete understanding of our operating performance. We make additional adjustments to EBITDA<em>re<\/em>when evaluating our performance because we believe that presenting Adjusted EBITDA<em>re<\/em>and Adjusted EBITDA<em>re<\/em>, Excluding Noncontrolling Interest in Consolidated Joint Venture provides useful information to investors regarding our operating performance and debt leverage metrics.<\/p>\n<p align=\"justify\"><strong><em>Adjusted EBITDAre Margin and Adjusted EBITDAre, Excluding Noncontrolling Interest in Consolidated Joint Venture Margin Definition<\/em><\/strong><br \/>We calculate consolidated Adjusted EBITDA<em>re<\/em>, Excluding Noncontrolling Interest in Consolidated Joint Venture Margin by dividing consolidated Adjusted EBITDA<em>re<\/em>, Excluding Noncontrolling Interest in Consolidated Joint Venture by GAAP consolidated Total Revenue. We calculate consolidated, segment or property-level Adjusted EBITDA<em>re<\/em> Margin by dividing consolidated, segment-, or property-level Adjusted EBITDA<em>re<\/em> by consolidated, segment-, or property-level GAAP Revenue. We believe Adjusted EBITDA<em>re<\/em>, Excluding Noncontrolling Interest in Consolidated Joint Venture Margin is useful to investors in evaluating our operating performance because this non-GAAP financial measure helps investors evaluate and compare the results of our operations from period to period by presenting a ratio showing the quantitative relationship between Adjusted EBITDA<em>re<\/em>, Excluding Noncontrolling Interest in Consolidated Joint Venture and GAAP consolidated Total Revenue or segment or property-level GAAP Revenue, as applicable.<\/p>\n<p align=\"justify\"><strong><em>FFO, Adjusted FFO, and Adjusted FFO available to common stockholders and unit holders Definition<\/em><\/strong><br \/>We calculate FFO,which definition is clarified by NAREIT in its December2018 white paper as Net Income (calculated in accordance with GAAP) excluding depreciation and amortization (excluding amortization of deferred financing costs and debt discounts), gains and losses from the sale of certain real estate assets, gains and losses from a change in control, impairment write-downs of certain real estate assets and investments in entities when the impairment is directly attributable to decreases in the value of depreciated real estate held by the entity, income (loss) from consolidated joint ventures attributable to noncontrolling interest, and pro rata adjustments for unconsolidated joint ventures. <br \/>To calculate Adjusted FFO available to common stockholders and unit holders, we then exclude, to the extent the following adjustments occurred during the periods presented:<\/p>\n<ul type=\"disc\">\n<li style=\"text-align:justify\">right-of-use asset amortization;<\/li>\n<li style=\"text-align:justify\">impairment charges that do not meet the NAREIT definition above;<\/li>\n<li style=\"text-align:justify\">write-offs of deferred financing costs;<\/li>\n<li style=\"text-align:justify\">amortization of debt discounts or premiums and amortization of deferred financing costs;<\/li>\n<li style=\"text-align:justify\">loss on extinguishment of debt;<\/li>\n<li style=\"text-align:justify\">non-cash lease expense;<\/li>\n<li style=\"text-align:justify\">credit loss on held-to-maturity securities;<\/li>\n<li style=\"text-align:justify\">pension settlement charges;<\/li>\n<li style=\"text-align:justify\">additional pro rata adjustments from unconsolidated joint ventures;<\/li>\n<li style=\"text-align:justify\">(gains) losses on other assets;<\/li>\n<li style=\"text-align:justify\">transaction costs on acquisitions;<\/li>\n<li style=\"text-align:justify\">deferred income tax expense (benefit); and<\/li>\n<li style=\"text-align:justify\">any other adjustments we have identified herein.<\/li>\n<\/ul>\n<p align=\"justify\">We present Adjusted FFO available to common stockholders and unit holders per diluted share as a non-GAAP measure of our performance in addition to our net income available to common stockholders per diluted share (calculated in accordance with GAAP). We calculate Adjusted FFO available to common stockholders and unit holders per diluted share as our Adjusted FFO (defined as set forth above) for a given operating period, as adjusted for the effect of dilutive securities, divided by the number of diluted shares and units outstanding during such period.<\/p>\n<p align=\"justify\">We believe that the presentation of these non-GAAP financial measures provides useful information to investors regarding the performance of our ongoing operations because each presents a measure of our operations without regard to specified non-cash items such as real estate depreciation and amortization, gain or loss on sale of assets and certain other items, which we believe are not indicative of the performance of our underlying hotel properties. We believe that these items are more representative of our asset base than our ongoing operations. We also use these non-GAAP financial measures as measures in determining our results after considering the impact of our capital structure.<\/p>\n<p align=\"justify\">We caution investors that non-GAAP financial measures we present may not be comparable to similar measures disclosed by other companies, because not all companies calculate these non-GAAP measures in the same manner. The non-GAAP financial measures we present, and any related per share measures, should not be considered as alternative measures of our Net Income, operating performance, cash flow or liquidity. These non-GAAP financial measures may include funds that may not be available for our discretionary use due to functional requirements to conserve funds for capital expenditures and property acquisitions and other commitments and uncertainties. Although we believe that these non-GAAP financial measures can enhance an investor\u2019s understanding of our results of operations, these non-GAAP financial measures, when viewed individually, are not necessarily better indicators of any trend as compared to GAAP measures such as Net Income (Loss), Operating Income (Loss), or cash flow from operations.<\/p>\n<table align=\"center\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">Investor Relations Contacts:<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">Media Contacts:<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">Mark Fioravanti, President and Chief Executive Officer<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">Shannon Sullivan, Vice President Corporate and Brand Communications<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">Ryman Hospitality Properties, Inc.<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">Ryman Hospitality Properties, Inc.<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">(615) 316-6588<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">(615) 316-6725<\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\"><a href=\"mailto:mfioravanti@rymanhp.com\" rel=\"nofollow noopener\" target=\"_blank\" title=\"mfioravanti@rymanhp.com\">mfioravanti@rymanhp.com<\/a><\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\"><a href=\"mailto:ssullivan@rymanhp.com\" rel=\"nofollow noopener\" target=\"_blank\" title=\"ssullivan@rymanhp.com\">ssullivan@rymanhp.com<\/a><\/td>\n<\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">~or~<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">Jennifer Hutcheson, Chief Financial Officer<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">Ryman Hospitality Properties, Inc.<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">(615) 316-6320<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\"><a href=\"mailto:jhutcheson@rymanhp.com\" rel=\"nofollow noopener\" target=\"_blank\" title=\"jhutcheson@rymanhp.com\">jhutcheson@rymanhp.com<\/a><\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">~or~<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">Sarah Martin, Vice President Investor Relations<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">Ryman Hospitality Properties, Inc.<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\">(615) 316-6011<\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\"><a href=\"mailto:sarah.martin@rymanhp.com\" rel=\"nofollow noopener\" target=\"_blank\" title=\"sarah.martin@rymanhp.com\">sarah.martin@rymanhp.com<\/a><\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;vertical-align: middle\" \/><\/tr>\n<\/table>\n<p><\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/><\/tr>\n<tr>\n<td colspan=\"17\" style=\"text-align: center;vertical-align: middle\"><strong>RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"17\" style=\"text-align: center;vertical-align: middle\"><strong>CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"17\" style=\"text-align: center;vertical-align: middle\">Unaudited<\/td>\n<\/tr>\n<tr>\n<td colspan=\"17\" style=\"text-align: center;vertical-align: middle\">(In thousands, except per share data)<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"7\" style=\"text-align: center;vertical-align: middle\"><strong>Three Months Ended<\/strong><\/td>\n<td \/>\n<td colspan=\"7\" style=\"text-align: center;vertical-align: middle\"><strong>Six Months Ended<\/strong><\/td>\n<\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"7\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Jun. 30,<\/strong><\/td>\n<td \/>\n<td colspan=\"7\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Jun. 30,<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:2%;width:2%;min-width:2%\" \/>\n<td style=\"max-width:47%;width:47%;min-width:47%\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:10%;width:10%;min-width:10%;border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2024<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:10%;width:10%;min-width:10%;border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2023<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:10%;width:10%;min-width:10%;border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2024<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:10%;width:10%;min-width:10%;border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2023<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\">Revenues :<\/td>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: left;vertical-align: middle\">Rooms<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">199,497<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">168,492<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">373,130<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">329,743<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: left;vertical-align: middle\">Food and beverage<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">259,386<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">197,908<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">494,469<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">413,712<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: left;vertical-align: middle\">Other hotel revenue<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">60,204<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">51,285<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">112,958<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">98,669<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: left;vertical-align: middle\">Entertainment<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">94,203<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">87,158<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">161,078<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">154,438<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: left;vertical-align: middle\">Total revenues<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">613,290<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">504,843<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,141,635<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">996,562<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\">Operating expenses:<\/td>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: left;vertical-align: middle\">Rooms<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">45,062<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">40,272<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">89,163<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">82,331<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: left;vertical-align: middle\">Food and beverage<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">132,369<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">107,026<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">260,548<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">222,207<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: left;vertical-align: middle\">Other hotel expenses<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">117,769<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">104,590<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">236,582<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">207,649<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: left;vertical-align: middle\">Management fees<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">21,449<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">15,418<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">39,411<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">30,613<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: left;vertical-align: middle\">Total hotel operating expenses<\/td>\n<td style=\"border-top: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">316,649<\/td>\n<td style=\"border-top: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">267,306<\/td>\n<td style=\"border-top: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">625,704<\/td>\n<td style=\"border-top: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">542,800<\/td>\n<td style=\"border-top: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: left;vertical-align: middle\">Entertainment<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">59,560<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">57,088<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">112,147<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">108,522<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: left;vertical-align: middle\">Corporate<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">9,402<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">9,885<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">21,356<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">20,479<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: left;vertical-align: middle\">Preopening costs<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,055<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">67<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2,491<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">257<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: left;vertical-align: middle\">Gain on sale of assets<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(270<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: left;vertical-align: middle\">Depreciation and amortization<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">58,553<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">48,257<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">115,755<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">96,614<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: left;vertical-align: middle\">Total operating expenses<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">445,219<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">382,603<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">877,183<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">768,672<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\">Operating income<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">168,071<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">122,240<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">264,452<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">227,890<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\">Interest expense, net of amounts capitalized<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(56,577<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(49,179<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(117,020<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(91,707<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\">Interest income<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">7,064<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">5,318<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">14,586<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">7,865<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\">Loss on extinguishment of debt<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(1,797<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(2,252<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(2,319<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(2,252<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\">Income (loss) from unconsolidated joint ventures<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">183<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(2,153<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">215<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(4,959<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\">Other gains and (losses), net<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(4<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(287<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">317<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(523<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\">Income before income taxes<\/td>\n<td style=\"border-top: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">116,940<\/td>\n<td style=\"border-top: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">73,687<\/td>\n<td style=\"border-top: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">160,231<\/td>\n<td style=\"border-top: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">136,314<\/td>\n<td style=\"border-top: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\">Provision for income taxes<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(12,200<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(3,544<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(12,730<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(5,177<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\">Net income<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">104,740<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">70,143<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">147,501<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">131,137<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\">Net income attributable to noncontrolling interest in consolidated joint venture<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(3,270<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(3,134<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(2,691<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(2,371<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\">Net income attributable to noncontrolling interest in Operating Partnership<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(665<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(466<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(949<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(903<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\">Net income available to common stockholders<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">100,805<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">66,543<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">143,861<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">127,863<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\">Basic income per share available to common stockholders<\/td>\n<td style=\"border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1.68<\/td>\n<td style=\"border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1.18<\/td>\n<td style=\"border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2.41<\/td>\n<td style=\"border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2.29<\/td>\n<td style=\"border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\">Diluted income per share available to common stockholders <sup>(1)<\/sup><\/td>\n<td style=\"border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1.65<\/td>\n<td style=\"border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1.15<\/td>\n<td style=\"border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2.31<\/td>\n<td style=\"border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2.17<\/td>\n<td style=\"border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\"><u>Weighted average common shares for the period:<\/u><\/td>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: left;vertical-align: middle\">Basic<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">59,895<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">56,329<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">59,817<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">55,759<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: left;vertical-align: middle\">Diluted <sup>(1)<\/sup><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">63,223<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">60,489<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">63,446<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">59,973<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/><\/tr>\n<tr>\n<td style=\"vertical-align: top\"><sub>(1)<\/sub><\/td>\n<td colspan=\"16\" style=\"text-align: left;vertical-align: middle\"><sub>Diluted weighted average common shares for the three and six months ended June 30, 2024 include 3.1 million and 3.3 million, respectively, and the three and six months ended June 30, 2023 include 3.9 million and 4.0 million, respectively, in equivalent shares related to the currently unexercisable investor put rights associated with the noncontrolling interest in the Company&#8217;s OEG business, which may be settled in cash or shares at the Company&#8217;s option.<\/sub><\/td>\n<\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/><\/tr>\n<\/table>\n<p><\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td colspan=\"9\" style=\"text-align: center;vertical-align: middle\"><strong>RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"9\" style=\"text-align: center;vertical-align: middle\"><strong>CONDENSED CONSOLIDATED BALANCE SHEETS<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"9\" style=\"text-align: center;vertical-align: middle\">Unaudited<\/td>\n<\/tr>\n<tr>\n<td colspan=\"9\" style=\"text-align: center;vertical-align: middle\">(In thousands)<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\"><strong>Jun. 30,<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\"><strong>Dec. 31,<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:62%;min-width:62%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"max-width:1%;min-width:1%;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2024<\/strong><\/td>\n<td style=\"max-width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"max-width:1%;min-width:1%;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2023<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"4\" style=\"text-align: left;vertical-align: middle\">ASSETS:<\/td>\n<td colspan=\"2\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: left;vertical-align: middle\">Property and equipment, net of accumulated depreciation<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">4,045,466<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">3,955,586<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: left;vertical-align: middle\">Cash and cash equivalents &#8211; unrestricted<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">498,371<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">591,833<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: left;vertical-align: middle\">Cash and cash equivalents &#8211; restricted<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">51,908<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">108,608<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: left;vertical-align: middle\">Notes receivable<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">61,892<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">61,760<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: left;vertical-align: middle\">Trade receivables, net<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">127,281<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">110,029<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: left;vertical-align: middle\">Deferred income tax assets, net<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">71,023<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">81,624<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: left;vertical-align: middle\">Prepaid expenses and other assets<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">163,786<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">154,810<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: left;vertical-align: middle\">Intangible assets<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">120,231<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">124,287<\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"max-width:63%;width:63%;min-width:63%;text-align: left;vertical-align: middle\">Total assets<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"max-width:16%;width:16%;min-width:16%;border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\">5,139,958<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"max-width:16%;width:16%;min-width:16%;border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\">5,188,537<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"4\" style=\"text-align: left;vertical-align: middle\">LIABILITIES AND EQUITY:<\/td>\n<td colspan=\"2\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: left;vertical-align: middle\">Debt and finance lease obligations<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">3,373,383<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">3,377,028<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: left;vertical-align: middle\">Accounts payable and accrued liabilities<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">406,245<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">464,720<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: left;vertical-align: middle\">Dividends payable<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">67,734<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">67,932<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: left;vertical-align: middle\">Deferred management rights proceeds<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">165,121<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">165,174<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: left;vertical-align: middle\">Operating lease liabilities<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">130,411<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">129,122<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: left;vertical-align: middle\">Other liabilities<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">68,140<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">66,658<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: left;vertical-align: middle\">Noncontrolling interest in consolidated joint venture<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">362,603<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">345,126<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: left;vertical-align: middle\">Total equity<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">566,321<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">572,777<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\">Total liabilities and equity<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\">5,139,958<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\">5,188,537<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td \/>\n<td \/>\n<td \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<\/table>\n<p><\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td colspan=\"29\" style=\"text-align: center;vertical-align: middle\"><strong>RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"29\" style=\"text-align: center;vertical-align: middle\"><strong>SUPPLEMENTAL FINANCIAL RESULTS<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"29\" style=\"text-align: center;vertical-align: middle\"><strong>ADJUSTED EBITDA<\/strong><em><strong>re<\/strong><\/em><strong> RECONCILIATION<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"29\" style=\"text-align: center;vertical-align: middle\">Unaudited<\/td>\n<\/tr>\n<tr>\n<td colspan=\"29\" style=\"text-align: center;vertical-align: middle\">(in thousands)<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"13\" style=\"text-align: center;vertical-align: middle\"><strong>Three Months Ended Jun. 30,<\/strong><\/td>\n<td \/>\n<td colspan=\"13\" style=\"text-align: center;vertical-align: middle\"><strong>Six Months Ended Jun. 30,<\/strong><\/td>\n<\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2024<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2023<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2024<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2023<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Margin<\/strong><\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Margin<\/strong><\/td>\n<td \/>\n<td colspan=\"4\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Margin<\/strong><\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Margin<\/strong><\/td>\n<\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: left;vertical-align: middle\"><u>Consolidated<\/u><\/td>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Revenue<\/strong><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">613,290<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">504,843<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,141,635<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">996,562<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td style=\"max-width:48%;width:48%;min-width:48%;vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Net income<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"max-width:5%;width:5%;min-width:5%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">104,740<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"max-width:3%;width:3%;min-width:3%;padding-right: 0;text-align: right;vertical-align: middle\">17.1<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"max-width:5%;width:5%;min-width:5%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">70,143<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"max-width:3%;width:3%;min-width:3%;padding-right: 0;text-align: right;vertical-align: middle\">13.9<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"max-width:5%;width:5%;min-width:5%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">147,501<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"max-width:3%;width:3%;min-width:3%;padding-right: 0;text-align: right;vertical-align: middle\">12.9<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"max-width:5%;width:5%;min-width:5%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">131,137<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"max-width:3%;width:3%;min-width:3%;padding-right: 0;text-align: right;vertical-align: middle\">13.2<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Interest expense, net<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">49,513<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">43,861<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">102,434<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">83,842<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Provision for income taxes<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">12,200<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3,544<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">12,730<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">5,177<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Depreciation &amp; amortization<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">58,553<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">48,257<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">115,755<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">96,614<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Gain on sale of assets<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(270<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Pro rata EBITDAre from unconsolidated joint ventures<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">8<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">4<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">17<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>EBITDAre<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">225,008<\/td>\n<td style=\"border-top: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">36.7<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">165,813<\/td>\n<td style=\"border-top: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">32.8<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td \/>\n<td style=\"border-top: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">378,154<\/td>\n<td style=\"border-top: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">33.1<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">316,787<\/td>\n<td style=\"border-top: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">31.8<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Preopening costs<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,055<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">67<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2,491<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">257<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Non-cash lease expense<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">933<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,499<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,858<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3,000<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Equity-based compensation expense<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3,383<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3,801<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">7,245<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">7,540<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Interest income on Gaylord National bonds<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,195<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,270<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2,390<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2,541<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Loss on extinguishment of debt<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,797<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2,252<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2,319<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2,252<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Pro rata adjusted EBITDAre from unconsolidated joint ventures<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(176<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(197<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Adjusted EBITDAre<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">233,195<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\">38.0<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">174,702<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\">34.6<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td \/>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">394,260<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\">34.5<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">332,377<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\">33.4<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Adjusted EBITDAre of noncontrolling interest in consolidated joint venture<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(10,722<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(8,819<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(15,384<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(13,115<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Adjusted EBITDAre, excluding noncontrolling interest in consolidated joint venture<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">222,473<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">36.3<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">165,883<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">32.9<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">378,876<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">33.2<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">319,262<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">32.0<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\" \/>\n<td colspan=\"4\" style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\" \/>\n<td colspan=\"2\" style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\" \/>\n<td colspan=\"2\" style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\" \/>\n<td \/>\n<td colspan=\"4\" style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\" \/>\n<td colspan=\"2\" style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\" \/>\n<td colspan=\"2\" style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: left;vertical-align: middle\"><u>Hospitality segment<\/u><\/td>\n<td colspan=\"4\" style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"4\" style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Revenue<\/strong><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">519,087<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">417,685<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">980,557<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">842,124<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Operating income<\/strong><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">151,885<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">29.3<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">107,733<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">25.8<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">254,070<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">25.9<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">213,803<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">25.4<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Depreciation &amp; amortization<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">50,553<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">42,646<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">100,783<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">85,521<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Non-cash lease expense<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">982<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,018<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,965<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2,037<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Interest income on Gaylord National bonds<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,195<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,270<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2,390<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2,541<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Adjusted EBITDAre<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">204,615<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">39.4<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">152,667<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">36.6<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">359,208<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">36.6<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">303,902<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">36.1<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: left;vertical-align: middle\"><u>Same-Store Hospitality segment<\/u> <sup>(1)<\/sup><\/td>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Revenue<\/strong><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">456,237<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">417,685<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">867,766<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">842,124<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Operating income<\/strong><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">136,447<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">29.9<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">107,733<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">25.8<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">229,498<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">26.4<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">213,803<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">25.4<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Depreciation &amp; amortization<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">43,082<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">42,646<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">85,915<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">85,521<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Non-cash lease expense<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">982<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,018<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,965<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2,037<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Interest income on Gaylord National bonds<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,195<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,270<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2,390<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2,541<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Adjusted EBITDAre<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">181,706<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">39.8<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">152,667<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">36.6<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">319,768<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">36.8<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">303,902<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">36.1<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: left;vertical-align: middle\"><u>Entertainment segment<\/u><\/td>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Revenue<\/strong><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">94,203<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">87,158<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">161,078<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">154,438<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Operating income<\/strong><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">25,822<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">27.4<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">24,601<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">28.2<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">31,934<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">19.8<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">34,992<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">22.7<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Depreciation &amp; amortization<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">7,766<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">5,402<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">14,506<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">10,667<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Preopening costs<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,055<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">67<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2,491<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">257<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Non-cash lease (revenue) expense<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(49<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">481<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(107<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">963<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Equity-based compensation<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,005<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,010<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,893<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,826<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Other gains and (losses), net<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">137<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">545<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Pro rata adjusted EBITDAre from unconsolidated joint ventures<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">8<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(2,145<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">21<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(4,943<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Adjusted EBITDAre<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">35,744<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">37.9<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">29,416<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">33.8<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">51,283<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">31.8<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">43,762<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">28.3<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: left;vertical-align: middle\"><u>Corporate and Other segment<\/u><\/td>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Operating loss<\/strong><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(9,636<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(10,094<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(21,552<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(20,905<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Depreciation &amp; amortization<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">234<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">209<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">466<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">426<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Other gains and (losses), net<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(140<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(287<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(227<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(522<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Equity-based compensation<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2,378<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2,791<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">5,352<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">5,714<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Gain on sale of assets<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(270<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Adjusted EBITDAre<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(7,164<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(7,381<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(16,231<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(15,287<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\"><sub>(1)<\/sub><\/td>\n<td colspan=\"7\" style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><sub>Same-Store Hospitality segment excludes JW Marriott Hill Country, which was acquired on June 30, 2023.<\/sub><\/td>\n<td style=\"text-align: left;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/><\/tr>\n<\/table>\n<p><\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td colspan=\"17\" style=\"text-align: center;vertical-align: middle\"><strong>RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"17\" style=\"text-align: center;vertical-align: middle\"><strong>SUPPLEMENTAL FINANCIAL RESULTS<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"17\" style=\"text-align: center;vertical-align: middle\"><strong>FUNDS FROM OPERATIONS (&#8220;FFO&#8221;) AND ADJUSTED FFO RECONCILIATION<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"17\" style=\"text-align: center;vertical-align: middle\">Unaudited<\/td>\n<\/tr>\n<tr>\n<td colspan=\"17\" style=\"text-align: center;vertical-align: middle\">(in thousands, except per share data)<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"7\" style=\"text-align: center;vertical-align: middle\"><strong>Three Months Ended Jun. 30,<\/strong><\/td>\n<td \/>\n<td colspan=\"7\" style=\"text-align: center;vertical-align: middle\"><strong>Six Months Ended Jun. 30,<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td style=\"max-width:48%;width:48%;min-width:48%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:10%;width:10%;min-width:10%;border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2024<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:10%;width:10%;min-width:10%;border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2023<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:10%;width:10%;min-width:10%;border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2024<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:10%;width:10%;min-width:10%;border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2023<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: left;vertical-align: middle\"><u>Consolidated<\/u><\/td>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Net income<\/strong><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">104,740<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">70,143<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">147,501<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">131,137<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Noncontrolling interest in consolidated joint venture<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(3,270<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(3,134<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td \/>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(2,691<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(2,371<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Net income available to common stockholders and unit holders<\/strong><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">101,470<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">67,009<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">144,810<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">128,766<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Depreciation &amp; amortization<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">58,506<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">48,227<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">115,660<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">96,553<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Adjustments for noncontrolling interest<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(2,331<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(1,620<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(4,352<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(3,200<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Pro rata adjustments from joint ventures<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">23<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">46<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>FFO available to common stockholders and unit holders<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">157,647<\/td>\n<td style=\"border-top: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">113,639<\/td>\n<td style=\"border-top: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"border-top: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">256,120<\/td>\n<td style=\"border-top: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">222,165<\/td>\n<td style=\"border-top: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\" \/>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Right-of-use asset amortization<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">47<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">30<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">95<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">61<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Non-cash lease expense<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">933<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,499<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,858<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3,000<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Pro rata adjustments from joint ventures<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(176<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(197<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Gain on other assets<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(270<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Amortization of deferred financing costs<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2,627<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2,633<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">5,348<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">5,307<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Amortization of debt discounts and premiums<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">658<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">545<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,307<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,051<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Loss on extinguishment of debt<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,797<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2,252<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2,319<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2,252<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Adjustments for noncontrolling interest<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(1,253<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(870<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(1,118<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(1,282<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Deferred tax provision (benefit)<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">11,152<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2,664<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">10,664<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3,431<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Adjusted FFO available to common stockholders and unit holders<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">173,432<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">122,392<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\">276,126<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\">235,985<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\" \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\" \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Basic net income per share<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1.68<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1.18<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2.41<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2.29<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Diluted net income per share<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1.65<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1.15<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2.31<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2.17<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">FFO available to common stockholders and unit holders per basic share\/unit<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2.61<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2.00<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">4.25<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3.96<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Adjusted FFO available to common stockholders and unit holders per basic share\/unit<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2.88<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2.16<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">4.59<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">4.20<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">FFO available to common stockholders and unit holders per diluted share\/unit <sup>(1)<\/sup><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2.53<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1.92<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">4.05<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3.72<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Adjusted FFO available to common stockholders and unit holders per diluted share\/unit <sup>(1)<\/sup><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2.78<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2.06<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">4.37<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3.95<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: left;vertical-align: middle\"><u>Weighted average common shares and OP units for the period:<\/u><\/td>\n<td colspan=\"3\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Basic<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">60,290<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">56,724<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">60,212<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">56,154<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Diluted <sup>(1)<\/sup><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">63,618<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">60,884<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">63,841<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">60,368<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/><\/tr>\n<tr>\n<td style=\"vertical-align: top\"><sub>(1)<\/sub><\/td>\n<td colspan=\"16\" style=\"vertical-align: middle;text-align: left;padding-left: 10.0px;vertical-align: top\"><sub>Diluted weighted average common shares and OP units for the three and six months ended June 30, 2024 include 3.1 million and 3.3 million, respectively, and the three and six months ended June 30, 2023 include 3.9 million and 4.0 million, respectively, in equivalent shares related to the currently unexercisable investor put rights associated with the noncontrolling interest in the Company&#8217;s OEG business, which may be settled in cash or shares at the Company&#8217;s option.<\/sub><\/td>\n<\/tr>\n<tr>\n<td \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/><\/tr>\n<\/table>\n<p><\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td colspan=\"29\" style=\"text-align: center;vertical-align: middle\"><strong>RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"29\" style=\"text-align: center;vertical-align: middle\"><strong>SUPPLEMENTAL FINANCIAL RESULTS<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"29\" style=\"text-align: center;vertical-align: middle\"><strong>HOSPITALITY SEGMENT ADJUSTED EBITDAre RECONCILIATIONS AND OPERATING METRICS<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"29\" style=\"text-align: center;vertical-align: middle\">Unaudited<\/td>\n<\/tr>\n<tr>\n<td colspan=\"29\" style=\"text-align: center;vertical-align: middle\">(in thousands)<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"13\" style=\"text-align: center;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"13\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Three Months Ended Jun. 30,<\/strong><\/td>\n<td \/>\n<td colspan=\"13\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Six Months Ended Jun. 30,<\/strong><\/td>\n<\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2024<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2023<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2024<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2023<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Margin<\/strong><\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Margin<\/strong><\/td>\n<td \/>\n<td colspan=\"4\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Margin<\/strong><\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Margin<\/strong><\/td>\n<\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: left;vertical-align: middle\"><u><strong>Hospitality segment<\/strong><\/u><\/td>\n<td colspan=\"4\" style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td style=\"max-width:48%;width:48%;min-width:48%;vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Revenue<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"max-width:5%;width:5%;min-width:5%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">519,087<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:3%;width:3%;min-width:3%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"max-width:5%;width:5%;min-width:5%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">417,685<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:3%;width:3%;min-width:3%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"max-width:5%;width:5%;min-width:5%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">980,557<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:3%;width:3%;min-width:3%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"max-width:5%;width:5%;min-width:5%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">842,124<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:3%;width:3%;min-width:3%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Operating income<\/strong><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">151,885<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">29.3<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">107,733<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">25.8<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">254,070<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">25.9<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">213,803<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">25.4<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Depreciation &amp; amortization<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">50,553<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">42,646<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">100,783<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">85,521<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Non-cash lease expense<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">982<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,018<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,965<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2,037<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Interest income on Gaylord National bonds<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,195<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,270<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2,390<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2,541<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Adjusted EBITDAre<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">204,615<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">39.4<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">152,667<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">36.6<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">359,208<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">36.6<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">303,902<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">36.1<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Occupancy<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">73.7%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">72.7%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">70.2%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">72.5%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Average daily rate (ADR)<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">260.76<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">244.77<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">255.87<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">241.38<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">RevPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">192.12<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">177.83<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">179.64<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">174.97<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">OtherPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">307.78<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">262.29<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">292.45<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">271.52<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Total RevPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">499.90<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">440.12<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">472.09<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">446.49<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: left;vertical-align: middle\"><strong>Same-Store Hospitality segment <sup>(1)<\/sup><\/strong><\/td>\n<td colspan=\"4\" style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Revenue<\/strong><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">456,237<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">417,685<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">867,766<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">842,124<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Operating income<\/strong><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">136,447<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">29.9<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">107,733<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">25.8<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">229,498<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">26.4<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">213,803<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">25.4<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Depreciation &amp; amortization<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">43,082<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">42,646<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">85,915<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">85,521<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Non-cash lease expense<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">982<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,018<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,965<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2,037<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Interest income on Gaylord National bonds<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,195<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,270<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2,390<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2,541<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Adjusted EBITDAre<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">181,706<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">39.8<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">152,667<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">36.6<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">319,768<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">36.8<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">303,902<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">36.1<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Occupancy<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">73.2%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">72.7%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">70.1%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">72.5%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Average daily rate (ADR)<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">254.16<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">244.77<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">249.71<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">241.38<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">RevPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">185.95<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">177.83<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">175.06<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">174.97<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">OtherPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">295.72<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">262.29<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">282.94<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">271.52<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Total RevPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">481.67<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">440.12<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">458.00<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">446.49<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: left;vertical-align: middle\"><u><strong>Gaylord Opryland<\/strong><\/u><\/td>\n<td colspan=\"4\" style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Revenue<\/strong><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">130,352<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">110,475<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">234,187<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">222,281<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Operating income <\/strong><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">50,642<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">38.9<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">32,011<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">29.0<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">75,467<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">32.2<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">63,706<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">28.7<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Depreciation &amp; amortization<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">8,199<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">8,512<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">16,332<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">17,066<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Non-cash lease revenue<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(11<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(12<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(22<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(24<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Adjusted EBITDAre<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">58,830<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">45.1<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">40,511<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">36.7<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">91,777<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">39.2<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">80,748<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">36.3<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Occupancy<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">75.4%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">71.2%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">70.2%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">71.9%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Average daily rate (ADR)<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">260.98<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">252.01<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">253.71<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">246.07<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">RevPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">196.85<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">179.38<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">178.23<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">176.90<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">OtherPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">299.15<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">240.98<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">267.32<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">248.33<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Total RevPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">496.00<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">420.36<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">445.55<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">425.23<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td \/>\n<td \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: left;vertical-align: middle\"><u><strong>Gaylord Palms<\/strong><\/u><\/td>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Revenue<\/strong><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">68,799<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">73,829<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">154,262<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">158,375<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Operating income<\/strong><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">13,479<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">19.6<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">18,322<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">24.8<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">38,485<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">24.9<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">45,956<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">29.0<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Depreciation &amp; amortization<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">5,889<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">5,543<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">11,760<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">11,153<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Non-cash lease expense<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">993<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,030<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,987<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2,061<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Adjusted EBITDAre<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">20,361<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">29.6<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">24,895<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">33.7<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">52,232<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">33.9<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">59,170<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">37.4<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Occupancy<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">62.5%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">75.8%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">0.69<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">0.78<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Average daily rate (ADR)<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">235.54<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">243.55<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">253.19<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">250.74<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">RevPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">147.22<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">184.58<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">173.55<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">194.62<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">OtherPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">292.85<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">287.66<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">319.81<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">314.69<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Total RevPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">440.07<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">472.24<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">493<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">509<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: left;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: left;vertical-align: middle\"><u><strong>Gaylord Texan<\/strong><\/u><\/td>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Revenue<\/strong><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">83,897<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">81,479<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">168,799<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">167,877<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Operating income<\/strong><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">26,314<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">31.4<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">26,105<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">32.0<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">52,346<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">31.0<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">54,193<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">32.3<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Depreciation &amp; amortization<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">5,744<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">5,718<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">11,635<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">11,484<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Adjusted EBITDAre<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">32,058<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">38.2<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">31,823<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">39.1<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">63,981<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">37.9<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">65,677<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">39.1<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Occupancy<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">78.8%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">75.1%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">76.0%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">76.1%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Average daily rate (ADR)<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">252.61<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">234.86<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">246.43<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">232.83<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">RevPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">199.18<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">176.49<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">187.36<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">177.19<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">OtherPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">309.06<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">317.10<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">323.92<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">334.11<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Total RevPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">508.24<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">493.59<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">511.28<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">511.30<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td><sub>(1)<\/sub><\/td>\n<td colspan=\"14\" style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><sub>Same-Store Hospitality segment excludes JW Marriott Hill Country, which was acquired on June 30, 2023.<\/sub><\/td>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: left;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/><\/tr>\n<\/table>\n<p><\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td colspan=\"29\" style=\"text-align: center;vertical-align: middle\"><strong>RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"29\" style=\"text-align: center;vertical-align: middle\"><strong>SUPPLEMENTAL FINANCIAL RESULTS<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"29\" style=\"text-align: center;vertical-align: middle\"><strong>HOSPITALITY SEGMENT ADJUSTED EBITDAre RECONCILIATIONS AND OPERATING METRICS<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"29\" style=\"text-align: center;vertical-align: middle\">Unaudited<\/td>\n<\/tr>\n<tr>\n<td colspan=\"29\" style=\"text-align: center;vertical-align: middle\">(in thousands)<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td \/>\n<td \/>\n<td colspan=\"13\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Three Months Ended Jun. 30,<\/strong><\/td>\n<td \/>\n<td colspan=\"13\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Six Months Ended Jun. 30,<\/strong><\/td>\n<\/tr>\n<tr>\n<td \/>\n<td \/>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2024<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2023<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2024<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2023<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td \/>\n<td colspan=\"4\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Margin<\/strong><\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Margin<\/strong><\/td>\n<td \/>\n<td colspan=\"4\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Margin<\/strong><\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Margin<\/strong><\/td>\n<\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: left;vertical-align: middle\"><u><strong>Gaylord National<\/strong><\/u><\/td>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Revenue<\/strong><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">88,369<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">77,014<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">156,643<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">149,786<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:48%;width:48%;min-width:48%;vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Operating income<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"max-width:5%;width:5%;min-width:5%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">22,321<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"max-width:3%;width:3%;min-width:3%;padding-right: 0;text-align: right;vertical-align: middle\">25.3<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"max-width:5%;width:5%;min-width:5%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">14,926<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"max-width:3%;width:3%;min-width:3%;padding-right: 0;text-align: right;vertical-align: middle\">19.4<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"max-width:5%;width:5%;min-width:5%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">27,544<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"max-width:3%;width:3%;min-width:3%;padding-right: 0;text-align: right;vertical-align: middle\">17.6<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"max-width:5%;width:5%;min-width:5%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">22,981<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"max-width:3%;width:3%;min-width:3%;padding-right: 0;text-align: right;vertical-align: middle\">15.3<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Depreciation &amp; amortization<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">8,405<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">8,257<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">16,806<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">16,551<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Interest income on Gaylord National bonds<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,195<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,270<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2,390<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2,541<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Adjusted EBITDAre<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">31,921<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">36.1<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">24,453<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">31.8<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">46,740<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">29.8<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">42,073<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">28.1<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Occupancy<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">70.8%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">67.8%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">67.6%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">67.6%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Average daily rate (ADR)<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">263.88<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">251.80<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">250.67<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">245.80<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">RevPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">186.90<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">170.65<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">169.54<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">166.06<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">OtherPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">299.62<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">253.35<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">261.66<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">248.54<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Total RevPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">486.52<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">424.00<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">431.20<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">414.60<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: left;vertical-align: middle\"><u><strong>Gaylord Rockies<\/strong><\/u><\/td>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Revenue<\/strong><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">76,836<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">67,127<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">140,658<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">131,174<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Operating income<\/strong><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">21,436<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">27.9<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">14,691<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">21.9<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">33,433<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">23.8<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">25,559<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">19.5<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Depreciation &amp; amortization<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">14,138<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">14,124<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">27,979<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">28,169<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Adjusted EBITDAre<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">35,574<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">46.3<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">28,815<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">42.9<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">61,412<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">43.7<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">53,728<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">41.0<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Occupancy<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">80.4%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">77.8%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">72.4%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">73.9%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Average daily rate (ADR)<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">255.44<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">247.92<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">249.55<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">240.94<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">RevPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">205.25<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">192.84<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">180.77<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">177.98<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">OtherPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">357.28<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">298.61<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">334.12<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">304.84<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Total RevPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">562.53<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">491.45<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">514.89<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">482.82<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: left;vertical-align: middle\"><u><strong>JW Marriott Hill Country<\/strong><\/u> <sup><strong>(2)<\/strong><\/sup><\/td>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Revenue<\/strong><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">62,850<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">112,791<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Operating income<\/strong><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">15,438<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">24.6<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">24,572<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">21.8<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Depreciation &amp; amortization<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">7,471<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">14,868<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Adjusted EBITDAre<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">22,909<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">36.5<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: double black 3pt;text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">39,440<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">35.0<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;border-bottom: double black 3pt;text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Occupancy<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">79.0%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\">n\/a<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">71.3%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\">n\/a<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Average daily rate (ADR)<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">324.18<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\">n\/a<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">318.83<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\">n\/a<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">RevPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">256.23<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\">n\/a<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">227.31<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\">n\/a<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">OtherPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">433.05<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\">n\/a<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">391.19<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\">n\/a<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Total RevPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">689.28<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\">n\/a<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">618.50<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\">n\/a<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: left;vertical-align: middle\"><u><strong>The AC Hotel at National Harbor<\/strong><\/u><\/td>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Revenue<\/strong><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">4,107<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3,401<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">6,929<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">5,612<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Operating income (loss)<\/strong><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,404<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">34.2<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">923<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">27.1<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,731<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">25.0<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">745<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">13.3<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Depreciation &amp; amortization<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">218<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">171<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">468<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">452<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Adjusted EBITDAre<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,622<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">39.5<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,094<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">32.2<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2,199<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">31.7<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,197<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">21.3<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Occupancy<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">66.9%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">64.0%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">61.9%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">59.1%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Average daily rate (ADR)<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">299.54<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">277.86<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">276.78<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">250.79<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">RevPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">200.39<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">177.77<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">171.32<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">148.32<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">OtherPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">34.67<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">16.91<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">26.97<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">13.17<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Total RevPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">235.06<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">194.68<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">198.29<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">161.49<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: left;vertical-align: middle\"><u><strong>The Inn at Opryland<\/strong><\/u><sup><strong> (3)<\/strong><\/sup><\/td>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Revenue<\/strong><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3,877<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">4,360<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">6,288<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">7,019<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Operating loss<\/strong><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">851<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">21.9<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">755<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">17.3<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">492<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">7.8<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">663<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">9.4<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Depreciation &amp; amortization<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">489<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">321<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">935<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">646<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Adjusted EBITDAre<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,340<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">34.6<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,076<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">24.7<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,427<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">22.7<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,309<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">18.6<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Occupancy<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">61.6%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">66.3%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">51.9%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">61.5%<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Average daily rate (ADR)<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">179.80<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">159.71<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">172.78<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">150.36<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">RevPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">110.78<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">105.84<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">89.65<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">92.43<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">OtherPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">31.35<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">26.08<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">24.99<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">22.39<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Total RevPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">142.13<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">131.92<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">114.64<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">114.82<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td><sub>(1)<\/sub><\/td>\n<td colspan=\"28\" style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><sub>Same-Store Hospitality segment excludes JW Marriott Hill Country, which was acquired on June 30, 2023.<\/sub><\/td>\n<\/tr>\n<tr>\n<td><sub>(2)<\/sub><\/td>\n<td colspan=\"28\" style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><sub>JW Marriott Hill Country was acquired by the Company on June 30, 2023, therefore there are no comparison figures.<\/sub><\/td>\n<\/tr>\n<tr>\n<td><sub>(3)<\/sub><\/td>\n<td colspan=\"28\" style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><sub>Includes other hospitality revenue and expense.<\/sub><\/td>\n<\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: left;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"4\" \/>\n<td colspan=\"2\" \/><\/tr>\n<\/table>\n<p><\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td colspan=\"13\" style=\"text-align: center;vertical-align: middle\"><strong>RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"13\" style=\"text-align: center;vertical-align: middle\"><strong>SUPPLEMENTAL FINANCIAL RESULTS<\/strong><strong><br \/><\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"13\" style=\"text-align: center;vertical-align: middle\"><strong>EARNINGS PER SHARE, FFO PER SHARE AND ADJUSTED FFO PER SHARE CALCULATIONS<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"13\" style=\"text-align: center;vertical-align: middle\">Unaudited<\/td>\n<\/tr>\n<tr>\n<td colspan=\"13\" style=\"text-align: center;vertical-align: middle\">(In thousands, except per share data)<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"2\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"5\" style=\"text-align: center;vertical-align: middle\"><strong>Three Months Ended<\/strong><\/td>\n<td \/>\n<td colspan=\"5\" style=\"text-align: center;vertical-align: middle\"><strong>Six Months Ended<\/strong><\/td>\n<\/tr>\n<tr>\n<td \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"5\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Jun. 30,<\/strong><\/td>\n<td \/>\n<td colspan=\"5\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Jun. 30,<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:48%;width:48%;min-width:48%\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:11%;width:11%;min-width:11%;border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\"><strong>2024<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:11%;width:11%;min-width:11%;border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\"><strong>2023<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:11%;width:11%;min-width:11%;border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\"><strong>2024<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:11%;width:11%;min-width:11%;border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\"><strong>2023<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\"><u><strong>Earnings per share:<\/strong><\/u><\/td>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\"><strong>Numerator:<\/strong><\/td>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Net income available to common stockholders<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">100,805<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">66,543<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">143,861<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">127,863<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Net loss attributable to noncontrolling interest in consolidated joint venture<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">3,270<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">3,134<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">2,691<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">2,371<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Net income available to common stockholders &#8211; if-converted method<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\">104,075<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\">69,677<\/td>\n<td \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\">146,552<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\">130,234<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\"><strong>Denominator:<\/strong><\/td>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Weighted average shares outstanding &#8211; basic<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">59,895<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">56,329<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">59,817<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">55,759<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Effect of dilutive stock-based compensation<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">206<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">232<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">314<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">256<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Effect of dilutive put rights<sup> (1)<\/sup><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">3,122<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">3,928<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">3,315<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">3,958<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Weighted average shares outstanding &#8211; diluted<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\">63,223<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\">60,489<\/td>\n<td \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\">63,446<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\">59,973<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\">Basic income per share available to common stockholders<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">1.68<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">1.18<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">2.41<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">2.29<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\">Diluted income per share available to common stockholders<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">1.65<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">1.15<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">2.31<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">2.17<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\"><u><strong>FFO and Adjusted FFO per share:<\/strong><\/u><\/td>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\"><strong>Numerator &#8211; FFO:<\/strong><\/td>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">FFO available to common stockholders and unit holders<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">157,647<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">113,639<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">256,120<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">222,165<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Net loss attributable to noncontrolling interest in consolidated joint venture<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">3,270<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">3,134<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">2,691<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">2,371<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">FFO available to common stockholders and unit holders- if-converted method<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\">160,917<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\">116,773<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\">258,811<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\">224,536<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\"><strong>Numerator &#8211; Adjusted FFO:<\/strong><\/td>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Adjusted FFO available to common stockholders and unit holders<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">173,432<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">122,392<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">276,126<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">235,985<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Net loss attributable to noncontrolling interest in consolidated joint venture<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">3,270<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">3,134<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">2,691<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">2,371<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Adjusted FFO available to common stockholders and unit holders &#8211; if-converted method<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\">176,702<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\">125,526<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\">278,817<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\">238,356<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\"><strong>Denominator:<\/strong><\/td>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Weighted average shares and OP units outstanding &#8211; basic<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">60,290<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">56,724<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">60,212<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">56,154<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Effect of dilutive stock-based compensation<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">206<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">232<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">314<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">256<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Effect of dilutive put rights<sup> (1)<\/sup><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">3,122<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">3,928<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">3,315<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">3,958<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Weighted average shares and OP units outstanding &#8211; diluted<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\">63,618<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\">60,884<\/td>\n<td \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\">63,841<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\">60,368<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\">FFO available to common stockholders and unit holders per basic share\/unit<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">2.61<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">2.00<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">4.25<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">3.96<\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\">Adjusted FFO available to common stockholders and unit holders per basic share\/unit<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">2.88<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">2.16<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">4.59<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">4.20<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\">FFO available to common stockholders and unit holders per diluted share\/unit <sup>(1)<\/sup><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">2.53<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">1.92<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">4.05<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">3.72<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Adjusted FFO available to common stockholders and unit holders per diluted share\/unit <sup>(1)<\/sup><\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">2.78<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">2.06<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">4.37<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">3.95<\/td>\n<\/tr>\n<tr>\n<td \/>\n<td \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"10\" style=\"text-align: left;vertical-align: middle\"><sub>(1) Represents equivalent shares related to the currently unexercisable investor put rights associated with the noncontrolling interest in the Company&#8217;s OEG business,which may be settled in cash or shares at the Company&#8217;s option.<\/sub><\/td>\n<td \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"2\" \/><\/tr>\n<\/table>\n<p><\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td \/>\n<td colspan=\"14\" style=\"text-align: center;vertical-align: middle\"><strong>Ryman Hospitality Properties, Inc. and Subsidiaries<\/strong><\/td>\n<\/tr>\n<tr>\n<td \/>\n<td colspan=\"14\" style=\"text-align: center;vertical-align: middle\"><strong>Reconciliation of Forward-Looking Statements<\/strong><\/td>\n<\/tr>\n<tr>\n<td \/>\n<td colspan=\"14\" style=\"text-align: center;vertical-align: middle\"><strong>Unaudited<\/strong><\/td>\n<\/tr>\n<tr>\n<td \/>\n<td colspan=\"14\" style=\"text-align: center;vertical-align: middle\"><strong>(dollars in thousands, except per share data)<\/strong><\/td>\n<\/tr>\n<tr>\n<td \/>\n<td colspan=\"14\" style=\"text-align: center;vertical-align: middle\"><strong>Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization for Real Estate (&#8220;Adjusted EBITDAre&#8221;) <\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"14\" style=\"text-align: center;vertical-align: middle\"><strong>Funds From Operations (&#8220;FFO&#8221;) and Adjusted FFO Reconciliation<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"11\" style=\"text-align: center;vertical-align: middle\"><strong>New Guidance Range<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"11\" style=\"text-align: center;vertical-align: middle\"><strong>For Full Year 2024<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Low <\/strong><\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>High<\/strong><\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Midpoint<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\"><u><strong>Ryman Hospitality Properties, Inc.<\/strong><\/u><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:47%;width:47%;min-width:47%;text-align: left;vertical-align: middle\"><strong>Net Income<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"max-width:14%;width:14%;min-width:14%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 281,000<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"max-width:14%;width:14%;min-width:14%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 287,500<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"max-width:14%;width:14%;min-width:14%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 284,250<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Provision for income taxes<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">15,250<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">17,000<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">16,125<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Interest Expense, net<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">214,775<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">221,275<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">218,025<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Depreciation and amortization<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">224,250<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">234,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">229,375<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">(Gain) \/ Loss on disposal of fixed assets<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(275<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(275<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(275<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\"><strong>EBITDAre<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 735,000<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 760,000<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 747,500<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Non-cash lease expense<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">4,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">4,000<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Preopening expense<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3,000<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3,250<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Equity-based compensation<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">12,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">13,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">13,000<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Pension settlement charge<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,750<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,625<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Interest income on Gaylord National bonds<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">4,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">5,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">5,000<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Other gains and (losses), net<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,750<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,125<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\"><strong>Adjusted EBITDAre<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 760,500<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 790,500<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 775,500<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\"><u><strong>Hospitality Segment <\/strong><\/u><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\"><strong>Operating Income<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 484,500<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 494,000<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 489,250<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Depreciation and amortization<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">195,000<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">202,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">198,750<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Non-cash lease expense<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">4,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">4,000<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Interest income on Gaylord National Bonds<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">4,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">5,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">5,000<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Other gains and (losses), net<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3,000<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">4,000<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Loss (gain) on extinguishment of debt<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\"><strong>Adjusted EBITDAre<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 690,500<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 710,500<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 700,500<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\"><u><strong>Hospitality Segment (same-store)<\/strong><\/u><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\"><strong>Operating Income<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 447,500<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 456,000<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 451,750<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Depreciation and amortization<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">167,000<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">170,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">168,750<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Non-cash lease expense<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">4,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">4,000<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Interest income on Gaylord National Bonds<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">4,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">5,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">5,000<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Other gains and (losses), net<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3,000<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">4,000<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Loss (gain) on extinguishment of debt<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\"><strong>Adjusted EBITDAre<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 625,500<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 640,500<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 633,000<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\"><u><strong>JW Marriott Hill Country<\/strong><\/u><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\"><strong>Operating Income<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 37,000<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 38,000<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 37,500<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Depreciation and amortization<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">28,000<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">32,000<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">30,000<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\"><strong>Adjusted EBITDAre<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 65,000<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 70,000<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 67,500<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<\/table>\n<p><\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td \/>\n<td colspan=\"14\" style=\"text-align: center;vertical-align: middle\"><strong>Ryman Hospitality Properties, Inc. and Subsidiaries<\/strong><\/td>\n<\/tr>\n<tr>\n<td \/>\n<td colspan=\"14\" style=\"text-align: center;vertical-align: middle\"><strong>Reconciliation of Forward-Looking Statements<\/strong><\/td>\n<\/tr>\n<tr>\n<td \/>\n<td colspan=\"14\" style=\"text-align: center;vertical-align: middle\"><strong>Unaudited<\/strong><\/td>\n<\/tr>\n<tr>\n<td \/>\n<td colspan=\"14\" style=\"text-align: center;vertical-align: middle\"><strong>(dollars in thousands, except per share data)<\/strong><\/td>\n<\/tr>\n<tr>\n<td \/>\n<td colspan=\"14\" style=\"text-align: center;vertical-align: middle\"><strong>Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization for Real Estate (&#8220;Adjusted EBITDAre&#8221;) <\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"14\" style=\"text-align: center;vertical-align: middle\"><strong>Funds From Operations (&#8220;FFO&#8221;) and Adjusted FFO Reconciliation<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"11\" style=\"text-align: center;vertical-align: middle\"><strong>New Guidance Range<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"11\" style=\"text-align: center;vertical-align: middle\"><strong>For Full Year 2024<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Low <\/strong><\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>High<\/strong><\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Midpoint<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\"><u><strong>Entertainment Segment<\/strong><\/u><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/><\/tr>\n<tr>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:47%;width:47%;min-width:47%;text-align: left;vertical-align: middle\"><strong>Operating Income<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"max-width:14%;width:14%;min-width:14%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 70,500<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"max-width:14%;width:14%;min-width:14%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 73,500<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"max-width:14%;width:14%;min-width:14%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 72,000<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Depreciation and amortization<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">27,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">30,000<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">28,750<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Preopening expense<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3,000<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3,250<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Equity-based compensation<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">4,000<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3,750<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Pro rata adjusted EBITDAre from unconsolidated joint ventures<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,000<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">750<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\"><strong>Adjusted EBITDAre<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 105,000<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 112,000<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 108,500<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\"><u><strong>Corporate and Other Segment<\/strong><\/u><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\"><strong>Operating Loss<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> (44,750<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\"><strong>)<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> (43,000<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\"><strong>)<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> (43,875<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\"><strong>)<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Depreciation and amortization<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,750<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2,000<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,875<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Equity-based compensation<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">9,000<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">9,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">9,250<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Pension settlement charge<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,750<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,625<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Other gains and (losses), net<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(2,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(2,250<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(2,375<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\"><strong>Adjusted EBITDAre<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> (35,000<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\"><strong>)<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> (32,000<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\"><strong>)<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> (33,500<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\"><strong>)<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\"><u><strong>Ryman Hospitality Properties, Inc.<\/strong><\/u><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\"><strong>Net Income<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 281,000<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 287,500<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 284,250<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Noncontrolling interest in consolidated joint venture<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(10,000<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(6,000<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(8,000<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\"><strong>Net Income available to common stockholders and unit holders<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 271,000<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 281,500<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 276,250<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Depreciation and amortization<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">224,250<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">234,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">229,375<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Adjustments for noncontrolling interest<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(10,000<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(8,000<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(9,000<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\"><strong>FFO available to common stockholders and unit holders<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 485,250<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 508,000<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 496,625<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Right of use amortization<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">250<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Non-cash lease expense<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">4,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">4,000<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Pension settlement charge<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,750<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,625<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Other gains and (losses), net<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,750<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,125<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Loss (gain) on extinguishment of debt<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Adjustments for noncontrolling interest<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(3,000<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(2,000<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(2,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Amortization of deferred financing costs<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">9,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">11,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">10,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Amortization of debt discounts and premiums<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3,000<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Deferred Taxes<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">12,000<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">13,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">12,750<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\"><strong>Adjusted FFO available to common stockholders and unit holders<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 511,750<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 543,000<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 527,375<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/><\/tr>\n<tr>\n<td \/>\n<td \/>\n<td style=\"text-align: left;vertical-align: middle\"><strong>Diluted income per share available to common stockholders<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 4.38<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 4.49<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 4.44<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td \/>\n<td style=\"text-align: left;vertical-align: middle\"><strong>Adjusted FFO available to common stockholders and unit holders per diluted share<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 8.09<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 8.51<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 8.30<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td \/>\n<td style=\"text-align: left;vertical-align: middle\"><strong>Estimated diluted shares outstanding to common stockholders (in millions)<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong>64.1<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong>64.1<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong>64.1<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td \/>\n<td style=\"text-align: left;vertical-align: middle\"><strong>Estimated diluted shares outstanding to common stockholders and unit holders (in millions)<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong>64.5<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong>64.5<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong>64.5<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td \/>\n<td style=\"text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<\/table>\n<p><\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td \/>\n<td colspan=\"11\" style=\"text-align: center;vertical-align: middle\"><strong>Ryman Hospitality Properties, Inc. and Subsidiaries<\/strong><\/td>\n<\/tr>\n<tr>\n<td \/>\n<td colspan=\"11\" style=\"text-align: center;vertical-align: middle\"><strong>Reconciliation of Forward-Looking Statements<\/strong><\/td>\n<\/tr>\n<tr>\n<td \/>\n<td colspan=\"11\" style=\"text-align: center;vertical-align: middle\"><strong>Unaudited<\/strong><\/td>\n<\/tr>\n<tr>\n<td \/>\n<td colspan=\"11\" style=\"text-align: center;vertical-align: middle\"><strong>(dollars in thousands, except per share data)<\/strong><\/td>\n<\/tr>\n<tr>\n<td \/>\n<td colspan=\"11\" style=\"text-align: center;vertical-align: middle\"><strong>Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization for Real Estate (&#8220;Adjusted EBITDAre&#8221;) <\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"11\" style=\"text-align: center;vertical-align: middle\"><strong>Funds From Operations (&#8220;FFO&#8221;) and Adjusted FFO Reconciliation<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"2\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"8\" style=\"text-align: center;vertical-align: middle\"><strong>Prior Guidance Range<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"8\" style=\"text-align: center;vertical-align: middle\"><strong>For Full Year 2024<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Low <\/strong><\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>High<\/strong><\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Midpoint<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\"><u><strong>Ryman Hospitality Properties, Inc.<\/strong><\/u><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:47%;width:47%;min-width:47%;text-align: left;vertical-align: middle\"><strong>Net Income<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"max-width:15%;width:15%;min-width:15%;padding-left: 0;text-align: right;vertical-align: middle\"><strong> 259,000<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"max-width:15%;width:15%;min-width:15%;padding-left: 0;text-align: right;vertical-align: middle\"><strong> 280,000<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"max-width:15%;width:15%;min-width:15%;padding-left: 0;text-align: right;vertical-align: middle\"><strong> 269,500<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Provision for income taxes<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">15,250<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">17,000<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">16,125<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Interest Expense, net<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">216,775<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">223,275<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">220,025<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Depreciation and amortization<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">224,250<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">234,500<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">229,375<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">(Gain) \/ Loss on disposal of fixed assets<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: right;vertical-align: middle\">(275)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: right;vertical-align: middle\">(275)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: right;vertical-align: middle\">(275)<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\"><strong>EBITDAre<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\"><strong> 715,000<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\"><strong> 754,500<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\"><strong> 734,750<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Non-cash lease expense<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">3,500<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">4,500<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">4,000<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Preopening expense<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">3,000<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">3,500<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">3,250<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Equity-based compensation<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">12,500<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">13,500<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">13,000<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Pension settlement charge<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">1,500<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">1,750<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">1,625<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Interest income on Gaylord National bonds<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">4,500<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">5,500<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">5,000<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Other gains and (losses), net<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">500<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">1,750<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">1,125<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\"><strong>Adjusted EBITDAre<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\"><strong> 740,500<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\"><strong> 785,000<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\"><strong> 762,750<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\"><u><strong>Hospitality Segment <\/strong><\/u><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\"><strong>Operating Income<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\"><strong> 469,500<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\"><strong> 490,500<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\"><strong> 480,000<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Depreciation and amortization<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">195,000<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">202,500<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">198,750<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Non-cash lease expense<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">3,500<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">4,500<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">4,000<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Interest income on Gaylord National Bonds<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">4,500<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">5,500<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">5,000<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Other gains and (losses), net<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">3,000<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">4,000<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">3,500<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\"><strong>Adjusted EBITDAre<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\"><strong> 675,500<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\"><strong> 707,000<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\"><strong> 691,250<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\"><u><strong>Hospitality Segment (same-store)<\/strong><\/u><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\"><strong>Operating Income<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\"><strong> 434,500<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\"><strong> 450,500<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\"><strong> 442,500<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Depreciation and amortization<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">167,000<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">170,500<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">168,750<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Non-cash lease expense<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">3,500<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">4,500<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">4,000<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Interest income on Gaylord National Bonds<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">4,500<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">5,500<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">5,000<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Other gains and (losses), net<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">3,000<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">4,000<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">3,500<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\"><strong>Adjusted EBITDAre<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\"><strong> 612,500<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\"><strong> 635,000<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\"><strong> 623,750<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\"><u><strong>JW Marriott Hill Country<\/strong><\/u><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\"><strong>Operating Income<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\"><strong> 35,000<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\"><strong> 40,000<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\"><strong> 37,500<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Depreciation and amortization<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">28,000<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">32,000<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">30,000<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\"><strong>Adjusted EBITDAre<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\"><strong> 63,000<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\"><strong> 72,000<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\"><strong> 67,500<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<\/table>\n<p><\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td \/>\n<td colspan=\"14\" style=\"text-align: center;vertical-align: middle\"><strong>Ryman Hospitality Properties, Inc. and Subsidiaries<\/strong><\/td>\n<\/tr>\n<tr>\n<td \/>\n<td colspan=\"14\" style=\"text-align: center;vertical-align: middle\"><strong>Reconciliation of Forward-Looking Statements<\/strong><\/td>\n<\/tr>\n<tr>\n<td \/>\n<td colspan=\"14\" style=\"text-align: center;vertical-align: middle\"><strong>Unaudited<\/strong><\/td>\n<\/tr>\n<tr>\n<td \/>\n<td colspan=\"14\" style=\"text-align: center;vertical-align: middle\"><strong>(dollars in thousands, except per share data)<\/strong><\/td>\n<\/tr>\n<tr>\n<td \/>\n<td colspan=\"14\" style=\"text-align: center;vertical-align: middle\"><strong>Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization for Real Estate (&#8220;Adjusted EBITDAre&#8221;) <\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"14\" style=\"text-align: center;vertical-align: middle\"><strong>Funds From Operations (&#8220;FFO&#8221;) and Adjusted FFO Reconciliation<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"11\" style=\"text-align: center;vertical-align: middle\"><strong>Prior Guidance Range<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"11\" style=\"text-align: center;vertical-align: middle\"><strong>For Full Year 2024<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Low <\/strong><\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>High<\/strong><\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Midpoint<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\"><u><strong>Entertainment Segment<\/strong><\/u><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/><\/tr>\n<tr>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:47%;width:47%;min-width:47%;text-align: left;vertical-align: middle\"><strong>Operating Income<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"max-width:14%;width:14%;min-width:14%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 65,500<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"max-width:14%;width:14%;min-width:14%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 71,500<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"max-width:14%;width:14%;min-width:14%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 68,500<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Depreciation and amortization<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">27,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">30,000<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">28,750<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Preopening expense<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3,000<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3,250<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Equity-based compensation<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">4,000<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3,750<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Pro rata adjusted EBITDAre from unconsolidated joint ventures<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,000<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">750<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\"><strong>Adjusted EBITDAre<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 100,000<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 110,000<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 105,000<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\"><u><strong>Corporate and Other Segment<\/strong><\/u><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\"><strong>Operating Loss<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> (44,750<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\"><strong>)<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> (43,000<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\"><strong>)<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> (43,875<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\"><strong>)<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Depreciation and amortization<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,750<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2,000<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,875<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Equity-based compensation<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">9,000<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">9,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">9,250<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Pension settlement charge<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,750<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,625<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Other gains and (losses), net<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(2,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(2,250<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(2,375<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\"><strong>Adjusted EBITDAre<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> (35,000<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\"><strong>)<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> (32,000<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\"><strong>)<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> (33,500<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\"><strong>)<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\"><u><strong>Ryman Hospitality Properties, Inc.<\/strong><\/u><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\"><strong>Net Income<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 259,000<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 280,000<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 269,500<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Noncontrolling interest in consolidated joint venture<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(10,000<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(6,000<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(8,000<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\"><strong>Net Income available to common stockholders and unit holders<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 249,000<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 274,000<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 261,500<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Depreciation and amortization<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">224,250<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">234,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">229,375<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Adjustments for noncontrolling interest<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(10,000<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(8,000<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(9,000<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\"><strong>FFO available to common stockholders and unit holders<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 463,250<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 500,500<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 481,875<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Right of use amortization<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">250<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Non-cash lease expense<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">4,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">4,000<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Pension settlement charge<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,750<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,625<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Other gains and (losses), net<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,750<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,125<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Adjustments for noncontrolling interest<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(3,000<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(2,000<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(2,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Amortization of deferred financing costs<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">9,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">11,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">10,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Amortization of debt discounts and premiums<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3,000<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Deferred Taxes<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">12,000<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">13,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">12,750<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\"><strong>Adjusted FFO available to common stockholders and unit holders<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 489,750<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 535,500<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 512,625<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td \/>\n<td colspan=\"3\" \/><\/tr>\n<tr>\n<td \/>\n<td \/>\n<td style=\"text-align: left;vertical-align: middle\"><strong>Diluted income per share available to common stockholders<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 4.01<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 4.33<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 4.17<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td \/>\n<td style=\"text-align: left;vertical-align: middle\"><strong>Adjusted FFO available to common stockholders and unit holders per diluted share<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 7.69<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 8.33<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 8.01<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td \/>\n<td style=\"text-align: left;vertical-align: middle\"><strong>Estimated diluted shares outstanding to common stockholders (in millions)<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong>64.6<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong>64.6<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong>64.6<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td \/>\n<td style=\"text-align: left;vertical-align: middle\"><strong>Estimated diluted shares outstanding to common stockholders and unit holders (in millions)<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong>65.0<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong>65.0<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong>65.0<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td \/>\n<td style=\"text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/><\/tr>\n<\/table>\n<p><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" data-src=\"https:\/\/ml.globenewswire.com\/media\/ZmZmOWJjMTgtNWI5Ni00MjNiLWFhZjUtMWRlZWY5MDBhZTE3LTEwMjI5OTI=\/tiny\/Ryman-Hospitality-Properties-I.png\"><\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<p align=\"justify\">This press release corrects a clerical error regarding the omission of pro rata adjustments from joint ventures and loss on extinguishment of debt in the reconciliation to net income of funds from operations and adjusted funds from operations in the prior version of the press release issued on July 31, 2024.<\/p>\n<\/div>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/12360"}],"collection":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/comments?post=12360"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/12360\/revisions"}],"predecessor-version":[{"id":12470,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/12360\/revisions\/12470"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=12360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=12360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=12360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}