{"id":9549,"date":"2023-09-11T12:58:38","date_gmt":"2023-09-11T17:58:38","guid":{"rendered":"https:\/\/1reason.com\/re\/ryman-hospitality-properties-inc-reports-second-quarter-2023-results\/9549\/"},"modified":"2023-09-12T07:58:38","modified_gmt":"2023-09-12T12:58:38","slug":"ryman-hospitality-properties-inc-reports-second-quarter-2023-results","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/ryman-hospitality-properties-inc-reports-second-quarter-2023-results\/9549\/","title":{"rendered":"Ryman Hospitality Properties, Inc. Reports Second Quarter 2023 Results"},"content":{"rendered":"<div>\n<p align=\"justify\"><strong>Second Quarter 2023 Highlights and Recent Developments:<\/strong><\/p>\n<ul type=\"disc\">\n<li style=\"text-align:justify\"><em>The Company generated consolidated net income of $70.1 million and a quarterly record consolidated Adjusted EBITDAre of $174.7 million.<\/em><\/li>\n<li style=\"text-align:justify\"><em>Hospitality segment achieved second quarter record revenue of $417.7 million, driven by second quarter record average daily rate (ADR), resulting in a quarterly record operating income and the second-best Adjusted EBITDAre performance of any quarter in the segment\u2019s history.<\/em><\/li>\n<li style=\"text-align:justify\"><em>During the quarter, the Company booked over 650,000 gross advanced group room nights for all future years, at a record ADR of $265, an increase of 8.9% over Q2 2022 ADR for future bookings.<\/em><\/li>\n<li style=\"text-align:justify\"><em>Opry Entertainment Group (OEG), our Entertainment segment, set record quarterly revenue, operating income and Adjusted EBITDAre as OEG continues to experience strong demand.<\/em><\/li>\n<li style=\"text-align:justify\"><em>Completed the acquisition of JW Marriott San Antonio Hill Country Resort &amp; Spa (\u201cJW Marriott Hill Country\u201d) on June 30, 2023, adding a premier, group-oriented resort to Ryman\u2019s hospitality portfolio, attesting to Ryman\u2019s growth-oriented business strategy.<\/em><\/li>\n<li style=\"text-align:justify\"><em>Patrick Moore was appointed Chief Executive Officer of OEG, responsible for overseeing OEG\u2019s growth plan, day-to-day operations, and business development activities. <\/em><\/li>\n<li style=\"text-align:justify\"><em>The Company is revising its consolidated Full Year 2023 outlook to include the acquisition of JW Marriott Hill Country.<\/em><\/li>\n<\/ul>\n<p align=\"justify\">Mark Fioravanti, President and Chief Executive Officer of Ryman Hospitality Properties, said, \u201cWe are pleased with our financial results this quarter. Continued strong group demand produced record second-quarter revenue and ADR performance for our Gaylord Hotels portfolio. The demand for our live entertainment assets continued to grow as well, as our Entertainment segment delivered record quarterly revenue, operating income and Adjusted EBITDA<em>re<\/em>. We were especially pleased to see the continued momentum in our business given the industry-wide softening in domestic leisure travel.<\/p>\n<p align=\"justify\">In addition to these record results, we added to our healthy forward book of business as lead volumes, bookings and rate continued to grow. Given the strength we see in the group segment in the years ahead, we were pleased to announce our acquisition of the JW Marriott Hill Country. This beautiful resort complements our existing portfolio and provides an additional destination for our group and leisure customers. We are already hard at work exploring organic growth opportunities and synergies within our portfolio to better serve both group and leisure customers in the years ahead.\u201d<\/p>\n<p align=\"justify\"><strong>Second Quarter 2023 Results (as compared to Second Quarter 2022):<\/strong><\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td colspan=\"4\" style=\"text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" 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 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 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\">($ in thousands, except per share amounts)<\/td>\n<td colspan=\"7\" style=\"text-align: center;vertical-align: middle\"><strong>Three Months Ended<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"7\" style=\"text-align: center;vertical-align: middle\"><strong>Six Months Ended<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\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>June 30,<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\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>June 30,<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"max-width:41%;width:41%;min-width:41%;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:8%;width:8%;min-width:8%;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%;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:8%;width:8%;min-width:8%;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2022<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:8%;width:8%;min-width:8%;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%;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:8%;width:8%;min-width:8%;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%;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:8%;width:8%;min-width:8%;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2022<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:8%;width:8%;min-width:8%;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: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"max-width:47%;min-width:47%;text-align: left;vertical-align: middle\">Total Revenue<\/td>\n<td colspan=\"2\" style=\"max-width:1%;min-width:1%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$504,843<\/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%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$470,204<\/td>\n<td style=\"max-width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:6%;min-width:6%;padding-right: 0;text-align: right;vertical-align: middle\">7.4%<\/td>\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 colspan=\"2\" style=\"max-width:1%;min-width:1%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$996,562<\/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%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$769,339<\/td>\n<td style=\"max-width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:6%;min-width:6%;padding-right: 0;text-align: right;vertical-align: middle\">29.5%<\/td>\n<td style=\"max-width:1%;min-width:1%;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\" \/>\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 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\" \/>\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\" \/><\/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\">$122,240<\/td>\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\">$105,968<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">15.4%<\/td>\n<td style=\"text-align: right;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\">$227,890<\/td>\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\">$113,842<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">100.2%<\/td>\n<td style=\"text-align: right;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: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">24.2%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">22.5%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">1.7pt<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">22.9%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">14.8%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">8.1pt<\/td>\n<td 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\" \/>\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 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\" \/>\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\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Net income<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$70,143<\/td>\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\">$50,924<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">37.7%<\/td>\n<td style=\"text-align: right;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\">$131,137<\/td>\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\">$26,127<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">401.9%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Net income margin<\/td>\n<td style=\"padding-right: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">13.9%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">10.8%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">3.1pt<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">13.2%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3.4%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">9.8pt<\/td>\n<td 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\" \/>\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 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\" \/>\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\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Net income available to common stockholders<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$66,543<\/td>\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\">$50,284<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">32.3%<\/td>\n<td style=\"text-align: right;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\">$127,863<\/td>\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\">$25,663<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">398.2%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/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: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">13.2%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">10.7%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">2.5pt<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">12.8%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3.3%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">9.5pt<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Net income available to common stockholders per diluted share<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$1.15<\/td>\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\">$0.91<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">26.4%<\/td>\n<td style=\"text-align: right;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\">$2.17<\/td>\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\">$0.46<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">371.7%<\/td>\n<td 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\" \/>\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 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\" \/>\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\" \/><\/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\">$174,702<\/td>\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\">$167,625<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">4.2%<\/td>\n<td style=\"text-align: right;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\">$332,377<\/td>\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\">$236,619<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">40.5%<\/td>\n<td style=\"text-align: right;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: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">34.6%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">35.6%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">-1.0pt<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">33.4%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">30.8%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">2.6pt<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Adjusted EBITDAre, excluding noncontrolling interest in consolidated joint venture<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$165,883<\/td>\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\">$166,494<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">-0.4%<\/td>\n<td style=\"text-align: right;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\">$319,262<\/td>\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\">$235,488<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">35.6%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Adjusted EBITDAre, excluding noncontrolling interest in consolidated joint venture margin<\/td>\n<td style=\"padding-right: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">32.9%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">35.4%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">-2.5pt<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">32.0%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">30.6%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">1.4pt<\/td>\n<td 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\" \/>\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 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\" \/>\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\" \/><\/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 colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$113,639<\/td>\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\">$107,119<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">6.1%<\/td>\n<td style=\"text-align: right;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\">$222,165<\/td>\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\">$138,341<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">60.6%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">FFO available to common stockholders and unit holders per diluted share\/unit<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$1.92<\/td>\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\">$1.91<\/td>\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<td style=\"text-align: right;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\">$3.72<\/td>\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\">$2.48<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">50.0%<\/td>\n<td 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\" \/>\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 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\" \/>\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\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Adjusted FFO available to common stockholders and unit holders<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$122,392<\/td>\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\">$114,875<\/td>\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 style=\"text-align: right;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\">$235,985<\/td>\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\">$149,689<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">57.7%<\/td>\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 per diluted share\/unit<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$2.06<\/td>\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\">$2.05<\/td>\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<td style=\"text-align: right;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\">$3.95<\/td>\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\">$2.69<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">46.8%<\/td>\n<td 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: 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 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 style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<\/table>\n<p align=\"justify\">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 shareholders and unit holders, and Adjusted FFO available to common shareholders and unit holders, as well as a reconciliation of the non-GAAP financial measure Adjusted EBITDA<em>re<\/em> to Net Income\/(Loss) and a reconciliation of the non-GAAP financial measure Adjusted FFO available to common shareholders and unit holders to Net Income\/(Loss), 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 shareholders and unit holders Definition\u201d and \u201cSupplemental Financial Results\u201d below.<\/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 colspan=\"7\" 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 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\" \/><\/tr>\n<tr>\n<td style=\"max-width:45%;width:45%;min-width:45%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:8%;width:8%;min-width:8%;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:8%;width:8%;min-width:8%;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:8%;width:8%;min-width:8%;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:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:8%;width:8%;min-width:8%;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:8%;width:8%;min-width:8%;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:8%;width:8%;min-width:8%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\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 style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"5\" style=\"text-align: center;vertical-align: middle\"><strong>Six Months Ended<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\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>June 30,<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\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>June 30,<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"max-width:41%;min-width:41%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:8%;min-width:8%;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%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:8%;min-width:8%;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2022<\/strong><\/td>\n<td style=\"max-width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:8%;min-width:8%;border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>% \u2206<\/strong><\/td>\n<td style=\"max-width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:8%;min-width:8%;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%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:8%;min-width:8%;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2022<\/strong><\/td>\n<td style=\"max-width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:8%;min-width:8%;border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>% \u2206<\/strong><\/td>\n<td style=\"max-width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td 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 style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;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: center;vertical-align: middle\" \/>\n<td 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 style=\"text-align: center;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 Revenue<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$417,685<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$401,802<\/td>\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<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$842,124<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$662,913<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">27.0%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;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 style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;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\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Hospitality operating income<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$107,733<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$100,573<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">7.1%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$213,803<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$116,241<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">83.9%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Hospitality operating income margin<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">25.8%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">25.0%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">0.8pt<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">17.5%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">7.9pt<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Hospitality Adjusted EBITDAre<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$152,667<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$154,983<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">-1.5%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$303,902<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$225,315<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">34.9%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Hospitality Adjusted EBITDAre margin<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">36.6%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">38.6%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">-2.0pt<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">34.0%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">2.1pt<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;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 style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;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\" \/><\/tr>\n<tr>\n<td colspan=\"4\" style=\"text-align: left;vertical-align: middle\">Hospitality Performance Metrics<\/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 style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;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\" \/><\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Occupancy<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">72.7%<\/td>\n<td style=\"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=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">0.0pt<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">60.1%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">12.4pt<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Average Daily Rate (ADR)<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$244.77<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$234.50<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">4.4%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$241.38<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$232.41<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">3.9%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">RevPAR<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$177.83<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$170.46<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">4.3%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$174.97<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$139.61<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">25.3%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Total RevPAR<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$440.12<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$424.07<\/td>\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 style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$446.49<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$351.76<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">26.9%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;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 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 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 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: 20.0px\">Gross Definite Rooms Nights Booked<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">651,507<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">601,180<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">8.4%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,023,225<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">-2.3%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Net Definite Rooms Nights Booked<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">450,269<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">413,042<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">9.0%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">578,710<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">21.1%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Group Attrition (as % of contracted block)<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">16.3%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">18.2%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">-1.9pt<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">23.9%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">-8.0pt<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Cancellation Room Nights ITYFTY <sup>(1)<\/sup><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">21,748<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">11,647<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">86.7%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">182,066<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">-70.4%<\/td>\n<td 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 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 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 style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"5\" style=\"text-align: left;vertical-align: middle\">(1) &#8220;ITYFTY&#8221; represents In The Year For The Year.<\/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 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 style=\"text-align: right;vertical-align: middle\" \/>\n<td 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 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 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 style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<\/table>\n<p align=\"justify\">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 2023 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\/(Loss), and property-level Adjusted EBITDA<em>re<\/em> to property-level Operating Income\/(Loss) for each of the hotel properties.<\/p>\n<p align=\"justify\"><strong>Second Quarter 2023 Hospitality Segment Highlights<\/strong><\/p>\n<ul type=\"disc\">\n<li style=\"text-align:justify\"><em>Achieved second quarter record revenue of $417.7 million, driven by second quarter record ADR of almost $245, an increase of 4.4% from Q2 2022.<\/em><\/li>\n<li style=\"text-align:justify\"><em>Actualized room nights in the second quarter were strong, as 528,000 group room nights traveled, a 3.6% increase over Q2 2022.<\/em><\/li>\n<li style=\"text-align:justify\"><em>Q2 2023 Hotel occupancy was 72.7%, flat to the prior year quarter.<\/em><\/li>\n<li style=\"text-align:justify\"><em>As expected, Adjusted EBITDAre and Adjusted EBITDAre margin were impacted by the continued return to normalized attrition and cancellation fees and management fees.<\/em><\/li>\n<li style=\"text-align:justify\"><em>Attrition and cancellation fee collections declined to $10.3 million, as compared to the $15.4 million collected in Q2 2022, and incentive management fees earned by Marriott increased to $7.0 million in the quarter, up from $3.0 million in Q2 2022.<\/em><\/li>\n<li style=\"text-align:justify\"><em>Room night production remained strong as ADR for new definite future bookings was an all-time record.\n<p><\/em><\/li>\n<\/ul>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"max-width:45%;width:45%;min-width:45%;text-align: left;vertical-align: middle\"><u><strong>Gaylord Opryland<\/strong><\/u><\/td>\n<td style=\"max-width:8%;width:8%;min-width:8%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:8%;width:8%;min-width:8%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:8%;width:8%;min-width:8%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:8%;width:8%;min-width:8%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:8%;width:8%;min-width:8%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:8%;width:8%;min-width:8%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"5\" style=\"text-align: left;vertical-align: middle\">($ 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 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 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\" \/>\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 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 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 style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\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 style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"5\" style=\"text-align: center;vertical-align: middle\"><strong>Six Months Ended<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\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>June 30,<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\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>June 30,<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"max-width:39%;min-width:39%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:8%;min-width:8%;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%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:8%;min-width:8%;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2022<\/strong><\/td>\n<td style=\"max-width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:8%;min-width:8%;border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>% \u2206<\/strong><\/td>\n<td style=\"max-width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:8%;min-width:8%;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%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:8%;min-width:8%;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2022<\/strong><\/td>\n<td style=\"max-width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:8%;min-width:8%;border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>% \u2206<\/strong><\/td>\n<td style=\"max-width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td 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 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 style=\"text-align: right;vertical-align: middle\" \/>\n<td 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 style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Revenue<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$110,475<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$105,497<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">4.7%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$222,281<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$179,016<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">24.2%<\/td>\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-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$32,011<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$31,871<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">0.4%<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$63,706<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$47,426<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">34.3%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Operating income margin<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">29.0%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">30.2%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">-1.2pt<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">26.5%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">2.2pt<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Adjusted EBITDAre<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$40,511<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$40,416<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">0.2%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$80,748<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$64,547<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">25.1%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Adjusted EBITDAre margin<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">36.7%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">38.3%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">-1.6pt<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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=\"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=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">0.2pt<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;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 style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;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\" \/><\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Occupancy<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">71.2%<\/td>\n<td style=\"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=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">-3.9pt<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">62.0%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">9.9pt<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Average daily rate (ADR)<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$252.01<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$233.68<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">7.8%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$246.07<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$236.06<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">4.2%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">RevPAR<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$179.38<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$175.51<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">2.2%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$176.90<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$146.41<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">20.8%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Total RevPAR<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$420.36<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$401.42<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">4.7%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$425.23<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$342.46<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">24.2%<\/td>\n<td 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 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 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 style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<\/table>\n<p align=\"justify\"><\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"max-width:45%;width:45%;min-width:45%;text-align: left;vertical-align: middle\"><u><strong>Gaylord Palms<\/strong><\/u><\/td>\n<td style=\"max-width:8%;width:8%;min-width:8%;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:8%;width:8%;min-width:8%;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:8%;width:8%;min-width:8%;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:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:8%;width:8%;min-width:8%;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:8%;width:8%;min-width:8%;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:8%;width:8%;min-width:8%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"5\" 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 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 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\" \/>\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 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 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 style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\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 style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"5\" style=\"text-align: center;vertical-align: middle\"><strong>Six Months Ended<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\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>June 30,<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\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>June 30,<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"max-width:39%;min-width:39%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:8%;min-width:8%;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%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:8%;min-width:8%;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2022<\/strong><\/td>\n<td style=\"max-width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:8%;min-width:8%;border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>% \u2206<\/strong><\/td>\n<td style=\"max-width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:8%;min-width:8%;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%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:8%;min-width:8%;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2022<\/strong><\/td>\n<td style=\"max-width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:8%;min-width:8%;border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>% \u2206<\/strong><\/td>\n<td style=\"max-width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td 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 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 style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\" \/>\n<td 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 style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Revenue<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$73,829<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$68,289<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">8.1%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$158,375<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$128,137<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">23.6%<\/td>\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-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$18,322<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$18,218<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">0.6%<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$45,956<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$34,076<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">34.9%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Operating income margin<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">24.8%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">26.7%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">-1.9pt<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">26.6%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">2.4pt<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Adjusted EBITDAre<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$24,895<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$24,851<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">0.2%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$59,170<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$47,327<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">25.0%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Adjusted EBITDAre margin<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">33.7%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">36.4%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">-2.7pt<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">36.9%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">0.5pt<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;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 style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;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\" \/><\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Occupancy<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">75.8%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">74.6%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">1.2pt<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">65.1%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">12.5pt<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Average daily rate (ADR)<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$243.55<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$231.53<\/td>\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<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$250.74<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$241.99<\/td>\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 style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">RevPAR<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$184.58<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$172.78<\/td>\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 style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$194.62<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$157.65<\/td>\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 style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Total RevPAR<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$472.24<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$436.80<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">8.1%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$509.31<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$412.07<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">23.6%<\/td>\n<td 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 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 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 style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<\/table>\n<p align=\"justify\"><\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"max-width:45%;width:45%;min-width:45%;text-align: left;vertical-align: middle\"><u><strong>Gaylord Texan<\/strong><\/u><\/td>\n<td style=\"max-width:8%;width:8%;min-width:8%;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:8%;width:8%;min-width:8%;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:8%;width:8%;min-width:8%;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:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:8%;width:8%;min-width:8%;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:8%;width:8%;min-width:8%;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:8%;width:8%;min-width:8%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"5\" 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 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 style=\"text-align: right;vertical-align: middle\" \/>\n<td 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 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 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 style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"6\" 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=\"5\" style=\"text-align: center;vertical-align: middle\"><strong>Six Months Ended<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\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>June 30,<\/strong><strong><br \/><\/strong><\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\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>June 30,<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"max-width:39%;min-width:39%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:8%;min-width:8%;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%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:8%;min-width:8%;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2022<\/strong><\/td>\n<td style=\"max-width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:8%;min-width:8%;border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>% \u2206<\/strong><\/td>\n<td style=\"max-width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:8%;min-width:8%;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%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:8%;min-width:8%;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2022<\/strong><\/td>\n<td style=\"max-width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:8%;min-width:8%;border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>% \u2206<\/strong><\/td>\n<td style=\"max-width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td 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 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 style=\"text-align: right;vertical-align: middle\" \/>\n<td 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 style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Revenue<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$81,479<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$77,665<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">4.9%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$167,877<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$134,301<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">25.0%<\/td>\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-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$26,105<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$25,734<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">1.4%<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$54,193<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$38,650<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">40.2%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Operating income margin<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">32.0%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">33.1%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">-1.1pt<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">28.8%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">3.5pt<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Adjusted EBITDAre<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$31,823<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$31,476<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">1.1%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$65,677<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$51,090<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">28.6%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Adjusted EBITDAre margin<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">39.1%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">40.5%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">-1.4pt<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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=\"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=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">1.1pt<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;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 style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;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\" \/><\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Occupancy<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">75.1%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">74.3%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">0.8pt<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">66.1%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">10.0pt<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Average daily rate (ADR)<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$234.86<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$231.22<\/td>\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<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$232.83<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$226.94<\/td>\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<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">RevPAR<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$176.49<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$171.74<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">2.8%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$177.19<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$150.02<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">18.1%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Total RevPAR<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$493.59<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$470.48<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">4.9%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$511.30<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$409.04<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">25.0%<\/td>\n<td 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 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 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 style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<\/table>\n<p align=\"justify\"><\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"max-width:45%;width:45%;min-width:45%;text-align: left;vertical-align: middle\"><u><strong>Gaylord National<\/strong><\/u><\/td>\n<td style=\"max-width:8%;width:8%;min-width:8%;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:8%;width:8%;min-width:8%;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:8%;width:8%;min-width:8%;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:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:8%;width:8%;min-width:8%;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:8%;width:8%;min-width:8%;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:8%;width:8%;min-width:8%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"5\" 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 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 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\" \/>\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 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 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 style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\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 style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"5\" style=\"text-align: center;vertical-align: middle\"><strong>Six Months Ended<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\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>June 30,<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\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>June 30,<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"max-width:39%;min-width:39%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:8%;min-width:8%;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%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:8%;min-width:8%;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2022<\/strong><\/td>\n<td style=\"max-width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:8%;min-width:8%;border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>% \u2206<\/strong><\/td>\n<td style=\"max-width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:8%;min-width:8%;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%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:8%;min-width:8%;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2022<\/strong><\/td>\n<td style=\"max-width:1%;min-width:1%;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:8%;min-width:8%;border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>% \u2206<\/strong><\/td>\n<td style=\"max-width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td 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 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 style=\"text-align: right;vertical-align: middle\" \/>\n<td 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 style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Revenue<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$77,014<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$72,223<\/td>\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<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$149,786<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$104,810<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">42.9%<\/td>\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-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$14,926<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$12,824<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">16.4%<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$22,981<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$1,549<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">1383.6%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Operating income margin<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">19.4%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">17.8%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">1.6pt<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1.5%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">13.8pt<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Adjusted EBITDAre<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$24,453<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$23,023<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">6.2%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$42,073<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$21,227<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">98.2%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Adjusted EBITDAre margin<\/td>\n<td style=\"padding-left: 0;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-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">31.9%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">-0.1pt<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">20.3%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">7.8pt<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;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 style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;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\" \/><\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Occupancy<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">67.8%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">64.2%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">3.6pt<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">49.9%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">17.7pt<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Average daily rate (ADR)<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$251.80<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$251.45<\/td>\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<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$245.80<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$240.22<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">2.3%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">RevPAR<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$170.65<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$161.40<\/td>\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<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$166.06<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$119.80<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">38.6%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Total RevPAR<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$424.00<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$397.62<\/td>\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<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$414.60<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$290.11<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">42.9%<\/td>\n<td 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 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 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 style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<\/table>\n<p align=\"justify\"><\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"max-width:45%;width:45%;min-width:45%;text-align: left;vertical-align: middle\"><u><strong>Gaylord Rockies<\/strong><\/u><\/td>\n<td style=\"max-width:8%;width:8%;min-width:8%;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:8%;width:8%;min-width:8%;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:8%;width:8%;min-width:8%;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:8%;width:8%;min-width:8%;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:8%;width:8%;min-width:8%;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:9%;width:9%;min-width:9%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"5\" 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 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 style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;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 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 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 style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\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 style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"5\" style=\"text-align: center;vertical-align: middle\"><strong>Six Months Ended<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\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>June 30,<\/strong><\/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>June 30,<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2023<\/strong><\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2022<\/strong><\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>% \u2206<\/strong><\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2023<\/strong><\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2022<\/strong><\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>% \u2206<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td 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 style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td 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 style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Revenue<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$67,127<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$70,755<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">-5.1%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$131,174<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$105,542<\/td>\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 style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Operating income (loss)<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$14,691<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$10,215<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">43.8%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$25,559<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">($6,569)<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">489.1%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Operating income (loss) margin<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">21.9%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">14.4%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">7.5pt<\/td>\n<td style=\"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=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">-6.2%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">25.7pt<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Adjusted EBITDAre<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$28,815<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$32,865<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">-12.3%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$53,728<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$38,729<\/td>\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\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Adjusted EBITDAre margin<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">42.9%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">46.4%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">-3.5pt<\/td>\n<td style=\"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=\"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=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">4.3pt<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;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 style=\"text-align: left;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 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: 10.0px\">Occupancy<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">77.8%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">76.6%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">1.2pt<\/td>\n<td style=\"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=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">58.0%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\">15.9pt<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Average daily rate (ADR)<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$247.92<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$235.69<\/td>\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<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$240.94<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$228.22<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">5.6%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">RevPAR<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$192.84<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$180.45<\/td>\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<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$177.98<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$132.29<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">34.5%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Total RevPAR<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$491.45<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$518.01<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">-5.1%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$482.82<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$388.48<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">24.3%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<\/table>\n<p align=\"justify\"><strong><u>Entertainment Segment<\/u><\/strong><\/p>\n<p align=\"justify\">For the three and six months ended June 30, 2023, and 2022, the Company reported the following:<\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td colspan=\"4\" style=\"text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">($ in thousands)<\/td>\n<td colspan=\"3\" 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=\"3\" style=\"text-align: center;vertical-align: middle\"><strong>Six Months Ended<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\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<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<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"max-width:45%;width:45%;min-width:45%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:9%;width:9%;min-width:9%;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><u><strong>2023<\/strong><\/u><\/td>\n<td style=\"max-width:9%;width:9%;min-width:9%;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><u><strong>2022<\/strong><\/u><\/td>\n<td style=\"max-width:9%;width:9%;min-width:9%;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:9%;width:9%;min-width:9%;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><u><strong>2023<\/strong><\/u><\/td>\n<td style=\"max-width:9%;width:9%;min-width:9%;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><u><strong>2022<\/strong><\/u><\/td>\n<td style=\"max-width:8%;width:8%;min-width:8%;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: 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 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 style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Revenue<\/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;padding-right: 0;text-align: right;vertical-align: middle\">$68,402<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">27.4%<\/td>\n<td style=\"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;padding-right: 0;text-align: right;vertical-align: middle\">$106,426<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">45.1%<\/td>\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-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$24,601<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$18,019<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">36.5%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$34,992<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$20,456<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">71.1%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"max-width:38%;min-width:38%;text-align: left;vertical-align: middle\">Operating income margin<\/td>\n<td style=\"max-width:9%;min-width:9%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">28.2%<\/td>\n<td style=\"max-width:9%;min-width:9%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">26.3%<\/td>\n<td style=\"max-width:9%;min-width:9%;text-align: right;vertical-align: middle\">1.9pt<\/td>\n<td style=\"max-width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:9%;min-width:9%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">22.7%<\/td>\n<td style=\"max-width:9%;min-width:9%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">19.2%<\/td>\n<td style=\"max-width:9%;min-width:9%;text-align: right;vertical-align: middle\">3.5pt<\/td>\n<td style=\"max-width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Adjusted EBITDAre<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$29,416<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$22,053<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">33.4%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$43,762<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$26,863<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">62.9%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Adjusted EBITDAre margin<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">33.8%<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">32.2%<\/td>\n<td style=\"text-align: right;vertical-align: middle\">1.6pt<\/td>\n<td style=\"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;padding-right: 0;text-align: right;vertical-align: middle\">25.2%<\/td>\n<td style=\"text-align: right;vertical-align: middle\">3.1pt<\/td>\n<td 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 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 style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<\/table>\n<p align=\"justify\">Fioravanti continued, \u201cOur Entertainment segment continues to produce record financial results, as demand for live entertainment remains above pre-pandemic levels. Our Nashville-based assets again delivered excellent performance with our marquee venues at the Grand Ole Opry and the Ryman Auditorium leading the way. In addition, we were pleased to announce our former Board of Directors member Patrick Moore was appointed as Chief Executive Officer of Opry Entertainment Group. Patrick joins us at an important and exciting time for this segment, and I look forward to working with him as we continue growing this unique business.\u201d<\/p>\n<p align=\"justify\"><strong><u>Corporate and Other Segment <\/u><\/strong><\/p>\n<p align=\"justify\">For the three and six months ended June 30, 2023, and 2022, the Company reported the following:<\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td colspan=\"5\" style=\"text-align: left;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 style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">($ in thousands)<\/td>\n<td colspan=\"3\" 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=\"3\" style=\"text-align: center;vertical-align: middle\"><strong>Six Months Ended<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\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<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<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"max-width:45%;width:45%;min-width:45%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:9%;width:9%;min-width:9%;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><u><strong>2023<\/strong><\/u><\/td>\n<td style=\"max-width:9%;width:9%;min-width:9%;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><u><strong>2022<\/strong><\/u><\/td>\n<td style=\"max-width:9%;width:9%;min-width:9%;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:9%;width:9%;min-width:9%;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><u><strong>2023<\/strong><\/u><\/td>\n<td style=\"max-width:9%;width:9%;min-width:9%;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><u><strong>2022<\/strong><\/u><\/td>\n<td style=\"max-width:8%;width:8%;min-width:8%;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: 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 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 style=\"text-align: right;vertical-align: middle\" \/><\/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\">($10,094)<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">($12,624)<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">20.0%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">($20,905)<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">($22,855)<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">8.5%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/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\">($7,381)<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">($9,411)<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">21.6%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">($15,287)<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">($15,559)<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">1.7%<\/td>\n<td 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 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 style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<\/table>\n<p align=\"justify\">Fioravanti concluded, &#8220;This was a busy quarter for the Company from a financing perspective as we completed a number of important financing transactions, including a refinancing of our revolver and Term Loan B, a common stock offering and high yield notes offering used to fund the JW Marriott Hill Country acquisition, and an extension of the Gaylord Rockies Term Loan. These financing transactions position us to continue investing in our portfolio in accordance with our long-term strategy while maintaining ample flexibility to pursue additional opportunities in both our Hospitality and Entertainment businesses.\u201d<\/p>\n<p align=\"justify\"><strong>2023 Guidance<\/strong><\/p>\n<p align=\"justify\">The Company is updating its 2023 business performance outlook to reflect the acquisition of JW Marriott Hill Country, based on current information as of August 3, 2023. 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\" 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\" \/>\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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/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\" style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-left: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Change<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\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 2023<\/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>2023 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 2023<\/strong><\/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>2023 Guidance<\/strong><\/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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\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 style=\"text-align: right;vertical-align: middle\" \/>\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 style=\"text-align: right;vertical-align: middle\" \/>\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 style=\"text-align: right;vertical-align: middle\" \/>\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 style=\"text-align: right;vertical-align: middle\" \/>\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 style=\"text-align: right;vertical-align: middle\" \/><\/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 style=\"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: right;vertical-align: middle\" \/>\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 style=\"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: 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;border-left: solid black 1pt;text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"max-width:34%;width:34%;min-width:34%;text-align: left;vertical-align: middle\">Consolidated Hospitality RevPAR growth (same-store)<sup>(2)<\/sup><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:5%;width:5%;min-width:5%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">11.0%<\/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: center;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:5%;width:5%;min-width:5%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">13.5%<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-right: 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:1%;width:1%;min-width:1%;border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:10%;width:10%;min-width:10%;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\">12.3%<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-right: 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: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:5%;width:5%;min-width:5%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">11.0%<\/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: center;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:5%;width:5%;min-width:5%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">13.5%<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-right: 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:1%;width:1%;min-width:1%;border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:10%;width:10%;min-width:10%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">12.3%<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-right: 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: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-left: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:5%;width:5%;min-width:5%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">0.0%<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-right: 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: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Consolidated Hospitality Total 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\">8.5%<\/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\">10.5%<\/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: center;vertical-align: middle\">9.5%<\/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\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">8.5%<\/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\">10.5%<\/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\">9.5%<\/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\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">0.0%<\/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\" \/><\/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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\"><u>Operating Income<\/u><\/td>\n<td style=\"text-align: left;vertical-align: middle;border-left: solid black 1pt\" \/>\n<td style=\"text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: left;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=\"text-align: center;vertical-align: middle;border-left: solid black 1pt\" \/>\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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Hospitality<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle;border-left: solid black 1pt\">$405.5<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$427.5<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle;border-left: solid black 1pt\">$<\/td>\n<td colspan=\"1\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">416.5<\/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=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle;border-left: solid black 1pt\">$<\/td>\n<td colspan=\"1\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">391.5<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td colspan=\"1\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">411.5<\/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=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle;border-left: solid black 1pt\">$<\/td>\n<td colspan=\"1\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">401.5<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle;border-left: solid black 1pt\">$<\/td>\n<td colspan=\"1\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">15.0<\/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\" \/><\/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\">76.0<\/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\">80.5<\/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\">78.3<\/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=\"padding-right: 0;text-align: right;vertical-align: middle;border-left: solid black 1pt\" \/>\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: 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\">80.5<\/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\">78.3<\/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\" \/>\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\" \/>\n<td style=\"text-align: right;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\">(44.0<\/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\">(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\">(43.5<\/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 style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;border-left: solid black 1pt\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(44.0<\/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\">(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\">(43.5<\/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 style=\"text-align: right;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\">&#8211;<\/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: right;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>437.5<\/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>465.0<\/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>451.3<\/strong><\/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=\"padding-right: 0;text-align: right;vertical-align: middle;border-left: solid black 1pt\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong>423.5<\/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>449.0<\/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>436.3<\/strong><\/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\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong>15.0<\/strong><\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;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=\"text-align: center;vertical-align: middle;border-left: solid black 1pt\" \/>\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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\"><u>Adjusted EBITDAre<\/u><\/td>\n<td style=\"text-align: left;vertical-align: middle;border-left: solid black 1pt\" \/>\n<td style=\"text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: left;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=\"text-align: center;vertical-align: middle;border-left: solid black 1pt\" \/>\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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Hospitality<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle;border-left: solid black 1pt\">$597.0<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$629.0<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle;border-left: solid black 1pt\">$<\/td>\n<td colspan=\"1\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">613.0<\/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=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle;border-left: solid black 1pt\">$<\/td>\n<td colspan=\"1\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">570.0<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td colspan=\"1\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">600.0<\/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=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle;border-left: solid black 1pt\">$<\/td>\n<td colspan=\"1\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">585.0<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle;border-left: solid black 1pt\">$<\/td>\n<td colspan=\"1\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">28.0<\/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\" \/><\/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\">94.0<\/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\">104.0<\/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=\"padding-right: 0;text-align: right;vertical-align: middle;border-left: solid black 1pt\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">99.0<\/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=\"padding-right: 0;text-align: right;vertical-align: middle;border-left: solid black 1pt\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">94.0<\/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\">104.0<\/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\">99.0<\/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=\"padding-right: 0;text-align: right;vertical-align: middle;border-left: solid black 1pt\" \/>\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\" \/>\n<td style=\"text-align: right;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\">(32.0<\/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\">(29.0<\/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;padding-right: 0;text-align: right;vertical-align: middle;border-left: solid black 1pt\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(30.5<\/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 style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;border-left: solid black 1pt\" \/>\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-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\">(29.0<\/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\">(30.5<\/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 style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;border-left: solid black 1pt\" \/>\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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\"><strong>Consolidated Adjusted EBITDAre<\/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>659.0<\/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>704.0<\/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=\"padding-right: 0;text-align: right;vertical-align: middle;border-left: solid black 1pt\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong>681.5<\/strong><\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;border-left: solid black 1pt\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong>632.0<\/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>675.0<\/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>653.5<\/strong><\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;border-left: solid black 1pt\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong>28.0<\/strong><\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;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;text-align: center;vertical-align: middle;border-left: solid black 1pt\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle;border-left: solid black 1pt\" \/>\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;text-align: center;vertical-align: middle;border-left: solid black 1pt\" \/>\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 colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle;border-left: solid black 1pt\">$223.5<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$243.5<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle;border-left: solid black 1pt\">$<\/td>\n<td colspan=\"1\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">233.5<\/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=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle;border-left: solid black 1pt\">$<\/td>\n<td colspan=\"1\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">223.5<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td colspan=\"1\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">243.5<\/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=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle;border-left: solid black 1pt\">$<\/td>\n<td colspan=\"1\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">233.5<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;border-left: solid black 1pt\">$<\/td>\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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Net Income available to common shareholders<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle;border-left: solid black 1pt\">$222.5<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$232.5<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle;border-left: solid black 1pt\">$<\/td>\n<td colspan=\"1\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">227.5<\/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=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle;border-left: solid black 1pt\">$<\/td>\n<td colspan=\"1\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">222.5<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td colspan=\"1\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">232.5<\/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=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle;border-left: solid black 1pt\">$<\/td>\n<td colspan=\"1\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">227.5<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle;border-left: solid black 1pt\">$<\/td>\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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle;border-left: solid black 1pt\" \/>\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;text-align: center;vertical-align: middle;border-left: solid black 1pt\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle;border-left: solid black 1pt\" \/>\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;text-align: center;vertical-align: middle;border-left: solid black 1pt\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-right: solid black 1pt;text-align: center;vertical-align: middle;border-left: solid black 1pt\" \/>\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 shareholders<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle;border-left: solid black 1pt\">$415.8<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$438.0<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle;border-left: solid black 1pt\">$<\/td>\n<td colspan=\"1\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">426.9<\/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=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle;border-left: solid black 1pt\">$<\/td>\n<td colspan=\"1\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">403.8<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td colspan=\"1\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">426.0<\/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=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle;border-left: solid black 1pt\">$<\/td>\n<td colspan=\"1\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">414.9<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle;border-left: solid black 1pt\">$<\/td>\n<td colspan=\"1\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">12.0<\/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\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Adjusted FFO available to common shareholders<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle;border-left: solid black 1pt\">$437.0<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$466.0<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle;border-left: solid black 1pt\">$<\/td>\n<td colspan=\"1\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">451.5<\/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=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle;border-left: solid black 1pt\">$<\/td>\n<td colspan=\"1\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">425.0<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td colspan=\"1\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">454.0<\/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=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle;border-left: solid black 1pt\">$<\/td>\n<td colspan=\"1\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">439.5<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle;border-left: solid black 1pt\">$<\/td>\n<td colspan=\"1\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">12.0<\/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\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle;border-left: solid black 1pt\" \/>\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;text-align: center;vertical-align: middle;border-left: solid black 1pt\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle;border-left: solid black 1pt\" \/>\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;text-align: center;vertical-align: middle;border-left: solid black 1pt\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-right: solid black 1pt;text-align: center;vertical-align: middle;border-left: solid black 1pt\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Net Income available to common shareholders per diluted share<\/td>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle;border-left: solid black 1pt\">$3.69<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$3.82<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle;border-left: solid black 1pt\">$<\/td>\n<td colspan=\"1\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3.76<\/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=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle;border-left: solid black 1pt\">$<\/td>\n<td colspan=\"1\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3.71<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td colspan=\"1\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3.88<\/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=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle;border-left: solid black 1pt\">$<\/td>\n<td colspan=\"1\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3.79<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle;border-left: solid black 1pt\">$<\/td>\n<td colspan=\"1\" style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(0.03<\/td>\n<td style=\"border-right: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle;border-left: solid black 1pt\" \/>\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;text-align: center;vertical-align: middle;border-left: solid black 1pt\" \/>\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;text-align: center;vertical-align: middle;border-left: solid black 1pt\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-right: solid black 1pt;text-align: center;vertical-align: middle;border-left: solid black 1pt\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: left;vertical-align: middle\">Estimated Diluted Shares Outstanding (in millions)<sup>(3)<\/sup><\/td>\n<td style=\"border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle;border-left: solid black 1pt\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">62.4<\/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\">62.4<\/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;padding-right: 0;text-align: right;vertical-align: middle;border-left: solid black 1pt\" \/>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">62.4<\/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: right;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\">60.0<\/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\">60.0<\/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\">60.0<\/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: right;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\">2.4<\/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: right;vertical-align: middle\" \/><\/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 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\" \/>\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\" \/><\/tr>\n<tr>\n<td colspan=\"28\" style=\"text-align: left;vertical-align: middle\">(1) Includes JW Marriott Hill Country, except as otherwise noted<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"28\" style=\"text-align: left;vertical-align: middle\">(2) Same-store excludes JW Marriott Hill Country<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"28\" style=\"text-align: left;vertical-align: middle\">(3) Reflects additional 4.4 million common shares issued on June 9, 2023<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/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 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\" \/>\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\" \/><\/tr>\n<\/table>\n<p align=\"justify\">Note: For reconciliations of Consolidated Adjusted EBITDA<em>re <\/em>guidance to Net Income and segment-level Adjusted EBITDA<em>re <\/em>to segment-level Operating Income, see \u201cReconciliation of Forward-Looking Statements\u201d below.<\/p>\n<p align=\"justify\"><strong>Dividend Update<\/strong><br \/>On July 17, the Company paid the previously announced quarterly cash dividend of $1.00 per common share, which was paid to stockholders of record as of June 30, 2023.<\/p>\n<p align=\"justify\">The Company\u2019s dividend policy provides that we will make minimum dividends of 100% of REIT taxable income annually. It is the Company\u2019s current plan to distribute aggregate minimum dividends for 2023 of$3.75per 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, 2023, the Company had total debt outstanding of $3,380.1 million, net of unamortized deferred financing costs, and unrestricted cash of $508.3 million. As of June 30, 2023, there were no amounts drawn under the Company\u2019s revolving credit facility, $7.0 million was drawn under OEG\u2019s revolving credit facility, and the lending banks had issued $14.6 million in letters of credit under the Company\u2019s credit facility, which left $743.4 million of aggregate borrowing availability under the Company\u2019s revolving credit facility and OEG\u2019s revolving credit facility.<\/p>\n<p align=\"justify\"><strong>Quarter Events<\/strong><\/p>\n<p align=\"justify\"><em>Closed Acquisition of JW Marriott Hill Country Resort &amp; Spa<\/em><\/p>\n<p align=\"justify\">On June 30, 2023, the Company closed the acquisition of the JW Marriott Hill Country in San Antonio, Texas from affiliates of Blackstone Real Estate Income Trust. Located amid approximately 600 acres in the Texas Hill Country, the JW Marriott Hill Country, which opened in 2010, is a premier group-oriented resort with 1,002 rooms and 268,000 total square feet of indoor and outdoor meeting and event space. The resort\u2019s amenities include the 26,000-square-foot Lantana Spa; eight food and beverage outlets; the 9-acre River Bluff water experience; and TPC San Antonio featuring two 18-hole golf courses, the Greg Norman-designed Oaks Course and the Pete Dye-designed Canyons course. The property resides in an attractive and growing market with no emerging competitive supply, and naturally complements our existing Gaylord Hotels portfolio. We believe the property offers significant opportunities to serve the group and leisure sides of our business.<\/p>\n<p align=\"justify\"><em>Closed Upsized Common Stock Offering and Full Exercise of Underwriters\u2019 Over-Allotment Option<\/em><\/p>\n<p align=\"justify\">On June 9, 2023, the Company closed an upsized underwritten registered public offering of 4,427,500 shares of its common stock, par value $0.01 per share, at a price to the public of $93.25 per share (the \u201cEquity Offering\u201d). The shares sold in the Equity Offering included 577,500 shares sold through the underwriters\u2019 option to purchase additional shares of common stock, which were delivered at the time of the closing of the Equity Offering. The Company received aggregate net proceeds from the sale of the common stock of approximately $395 million, after deducting underwriting discounts and commissions and other expenses of the Equity Offering payable by the Company.<\/p>\n<p align=\"justify\"><em>Closed Offering of $400 Million of 7.250% Senior Notes Due 2028<\/em><\/p>\n<p align=\"justify\">On June 22, 2023, RHP Hotel Properties, LP (the \u201cOperating Partnership\u201d) and RHP Finance Corporation (together with the Operating Partnership, the \u201cIssuers\u201d), completed a private placement (the \u201cNotes Offering\u201d) of $400 million aggregate principal amount of 7.250% senior notes due 2028 (the \u201cNotes\u201d). The Notes are senior unsecured obligations of the Issuers and are guaranteed by the Company and the Company\u2019s and the Operating Partnership\u2019s subsidiaries that guarantee the Operating Partnership\u2019s existing credit facility, the 4.750% senior unsecured notes due 2027 and the 4.50% senior unsecured notes due 2029. The aggregate net proceeds from the Notes Offering were approximately $393 million, after deducting the initial purchasers\u2019 discounts and commissions and other expenses of the Notes Offering payable by the Issuers. Net proceeds of the Equity Offering and the Notes Offering, together with cash on hand, were used to fund the purchase of the JW Marriott Hill Country.<\/p>\n<p align=\"justify\"><em>Credit Facility Refinancing<\/em><\/p>\n<p align=\"justify\">On May 18, 2023, the Company successfully completed a series of refinancing transactions that extends the maturities of the $700 million revolving credit facility and $500 million term loan B and eliminates mortgage collateral requirements in its credit facility. The Company refinanced its existing $700 million revolving credit facility, extending its maturity from 2024 to 2027, with the option to extend the maturity date for a maximum of one additional year. The Company also refinanced its secured $500 million term loan B, which previously had an outstanding balance of $370 million, to a new $500 million term loan B, all of which was drawn at closing. The maturity of the term loan B has been extended from 2024 to 2030.<\/p>\n<p align=\"justify\"><strong>Earnings Call Information<\/strong><\/p>\n<p align=\"justify\">Ryman Hospitality Properties will hold a conference call to discuss this release tomorrow, August 4, 2023, at 11:00 a.m. ET. Investors can listen to the conference call over the Internet at www.rymanhp.com. To listen to the live call, please go to the Investor Relations section of the website (Investor Relations\/Presentations, Earnings and Webcasts) 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 ten 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 and Circle, a country lifestyle media network OEG owns in a joint venture with Gray Television, 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 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, statements regarding the Company\u2019s integration of the JW Marriott Hill Country and the Company\u2019s pursuit of additional value creation opportunities at the JW Marriott Hill Country 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, changes in interest rates, any effects of COVID-19 on the Company\u2019s and the hospitality and entertainment industries generally, the Company\u2019s integration of the JW Marriott Hill Country, the Company\u2019s ability to identify and capitalize on additional value creation opportunities at the JW Marriott Hill Country and the occurrence of any event, change or other circumstance that could limit the Company\u2019s ability to capitalize on any additional value creation opportunities it identifies at the JW Marriott Hill Country. 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, 2022, and its Quarterly Reports on Form 10-Q 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 www.rymanhp.com and through the SEC\u2019s Electronic Data Gathering Analysis and Retrieval System (\u201cEDGAR\u201d) at www.sec.gov.<\/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 (Loss) available to common stockholders\u2019 margin by dividing GAAP consolidated Net Income (Loss) 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 (Loss) 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 in 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\">To calculate Adjusted FFO available to common stockholders and unit holders (excluding maintenance capex), we then exclude FF&amp;E reserve contributions for managed properties and maintenance capital expenditures for non-managed properties. FFO available to common stockholders and unit holders, Adjusted FFO available to common stockholders and unit holders and Adjusted FFO available to common stockholders and unit holders (excluding maintenance capex) exclude the ownership portion of joint ventures not controlled or owned by the Company.<br \/>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.<br \/>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 (Loss), 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 style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"max-width:50%;width:50%;min-width:50%;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: left;vertical-align: middle;vertical-align: top\"><strong><em>Investor Relations Contacts:<\/em><\/strong><\/td>\n<td style=\"max-width:50%;width:50%;min-width:50%;border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: left;vertical-align: middle;vertical-align: top\"><strong><em>Media Contacts:<\/em><\/strong><\/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;text-align: left;vertical-align: middle;vertical-align: top\">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;text-align: left;vertical-align: middle;vertical-align: top\">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;text-align: left;vertical-align: middle;vertical-align: top\">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;text-align: left;vertical-align: middle;vertical-align: top\">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;text-align: left;vertical-align: middle;vertical-align: top\">(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;text-align: left;vertical-align: middle;vertical-align: top\">(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;text-align: left;vertical-align: middle;vertical-align: top\"><a href=\"mailto:mfioravanti@rymanhp.com\" rel=\"nofollow noopener\" target=\"_blank\" title=\"\"><u>mfioravanti@rymanhp.com<\/u><\/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;text-align: left;vertical-align: middle;vertical-align: top\"><u><a href=\"mailto:ssullivan@rymanhp.com\" rel=\"nofollow noopener\" target=\"_blank\" title=\"ssullivan@rymanhp.com\">ssullivan@rymanhp.com<\/a><\/u><\/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;text-align: left;vertical-align: middle;vertical-align: top\"><strong><em>~or~<\/em><\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-right: solid black 1pt;border-bottom: solid black 1pt;border-left: solid black 1pt;text-align: left;vertical-align: middle;vertical-align: top\"><strong><em>~or~<\/em><\/strong><\/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;text-align: left;vertical-align: middle;vertical-align: top\">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;text-align: left;vertical-align: middle;vertical-align: top\">Robert Winters<\/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;text-align: left;vertical-align: middle;vertical-align: top\">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;text-align: left;vertical-align: middle;vertical-align: top\">Alpha IR Group<\/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;text-align: left;vertical-align: middle;vertical-align: top\">(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;text-align: left;vertical-align: middle;vertical-align: top\">(929) 266-6315<\/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;text-align: left;vertical-align: middle;vertical-align: top\"><a href=\"mailto:jhutcheson@rymanhp.com\" rel=\"nofollow noopener\" target=\"_blank\" title=\"\"><u>jhutcheson@rymanhp.com<\/u><\/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;text-align: left;vertical-align: middle;vertical-align: top\"><a href=\"mailto:robert.winters@alpha-ir.com\" rel=\"nofollow noopener\" target=\"_blank\" title=\"robert.winters@alpha-ir.com\">robert.winters@alpha-ir.com<\/a><\/td>\n<\/tr>\n<\/table>\n<p><\/p>\n<p><\/p>\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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"17\" style=\"text-align: center;vertical-align: middle\"><strong>RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"17\" style=\"text-align: center;vertical-align: middle\"><strong>CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"17\" style=\"text-align: center;vertical-align: middle\">Unaudited<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"17\" style=\"text-align: center;vertical-align: middle\">(In thousands, except per share data)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\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\" \/>\n<td 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 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\" \/>\n<td 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 colspan=\"7\" 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=\"7\" style=\"text-align: center;vertical-align: middle\"><strong>Six Months Ended<\/strong><\/td>\n<td 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 colspan=\"7\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Jun. 30,<\/strong><\/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 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:39%;width:39%;min-width:39%;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:12%;width:12%;min-width:12%;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:12%;width:12%;min-width:12%;border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2022<\/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:12%;width:12%;min-width:12%;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:12%;width:12%;min-width:12%;border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2022<\/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\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;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\" 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\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\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\">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\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">161,506<\/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\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">329,743<\/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;padding-right: 0;text-align: right;vertical-align: middle\">263,099<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\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\">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\">188,083<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\" \/>\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\">413,712<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">300,199<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\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\">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\">52,213<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\" \/>\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\">98,669<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">99,615<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\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\">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\">68,402<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\" \/>\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\">154,438<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">106,426<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\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\">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\">470,204<\/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=\"vertical-align: middle;text-align: left;padding-left: 20.0px\" \/>\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\" \/>\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\">769,339<\/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\" \/><\/tr>\n<tr>\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=\"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 style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"5\" style=\"text-align: left;vertical-align: middle\">Operating expenses:<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\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 style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\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\">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\">41,238<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\" \/>\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\">82,331<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">71,374<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\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\">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\">97,489<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">168,818<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\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\">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\">99,284<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">185,927<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\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\">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\">11,202<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">16,266<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\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\">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\">249,213<\/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\" \/>\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\">442,385<\/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\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\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\">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\">45,670<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">77,401<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\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\">9,885<\/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\">12,417<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">21,974<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\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\">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\">221<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">525<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Loss 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\">&#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\">469<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\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=\"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\">56,715<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">112,743<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\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\">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\">364,236<\/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\" \/>\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\">655,497<\/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\" \/><\/tr>\n<tr>\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\" \/>\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\" \/><\/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\">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\">105,968<\/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\" \/>\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\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">113,842<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td 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 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\" \/>\n<td 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\">(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\">(33,958<\/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<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(65,895<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/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\">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\">1,379<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2,760<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;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\">(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\">(1,547<\/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\">(1,547<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\">Loss from consolidated 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\">(2,153<\/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\">(3,001<\/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\">(4,959<\/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\">(5,628<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/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\">(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\">(283<\/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\">(523<\/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\">164<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/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\">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\">68,558<\/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\" \/>\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\">43,696<\/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\" \/><\/tr>\n<tr>\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\" \/>\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\" \/><\/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\">(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\">(17,634<\/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<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\">(17,569<\/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\" \/><\/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\">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\">50,924<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">26,127<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td 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 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\" \/>\n<td 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\">(3,134<\/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\">(280<\/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<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(280<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td 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 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\">(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\">(360<\/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<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(184<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/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;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: 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\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\">50,284<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\">127,863<\/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=\"border-top: solid black 1pt;border-bottom: double black 3pt;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\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">25,663<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\">Basic income per share available to common stockholders<\/td>\n<td style=\"border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1.18<\/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\">$<\/td>\n<td style=\"border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">0.91<\/td>\n<td style=\"border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/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\" \/>\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\">$<\/td>\n<td style=\"border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">0.47<\/td>\n<td style=\"border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\">Diluted income per share available to common stockholders <sup>(1)<\/sup><\/td>\n<td style=\"border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1.15<\/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\">$<\/td>\n<td style=\"border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">0.91<\/td>\n<td style=\"border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/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\" \/>\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\">0.46<\/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\" \/><\/tr>\n<tr>\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\" \/>\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\" \/><\/tr>\n<tr>\n<td colspan=\"10\" style=\"text-align: left;vertical-align: middle\"><u>Weighted average common shares for the period:<\/u><\/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\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\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\">56,329<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">55,150<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">55,118<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\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\">60,489<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">55,862<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">55,321<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td 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\" \/>\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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"18\" rowspan=\"3\" style=\"text-align: left;vertical-align: middle\">(1) Diluted weighted average common shares for the three months and six months ended June 30, 2023 include 3.9 million and 4.0 million, respectively, and the three months ended June 30, 2022 includes 0.5 million 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.<\/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=\"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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<\/table>\n<p><\/p>\n<p><\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td colspan=\"7\" style=\"text-align: center;vertical-align: middle\"><strong>RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/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 style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"7\" style=\"text-align: center;vertical-align: middle\"><strong>CONDENSED CONSOLIDATED BALANCE SHEETS<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"7\" style=\"text-align: center;vertical-align: middle\">Unaudited<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"7\" style=\"text-align: center;vertical-align: middle\">(In thousands)<\/td>\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: 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\" \/>\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: 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<td style=\"text-align: right;vertical-align: middle\" \/>\n<td 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:62%;width:62%;min-width:62%;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:15%;width:15%;min-width:15%;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-bottom: solid black 1pt;padding-right: 0;text-align: center;vertical-align: middle\" \/>\n<td style=\"max-width:15%;width:15%;min-width:15%;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\"><strong>2022<\/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%;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 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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" 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\" \/>\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: right;vertical-align: middle\" \/>\n<td 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\">3,931,077<\/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\">3,171,708<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td 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\">508,344<\/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\">334,194<\/td>\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: right;vertical-align: middle\" \/>\n<td 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\">105,565<\/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\">110,136<\/td>\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: right;vertical-align: middle\" \/>\n<td 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\">65,532<\/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\">67,628<\/td>\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: right;vertical-align: middle\" \/>\n<td 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\">105,209<\/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\">116,836<\/td>\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: right;vertical-align: middle\" \/>\n<td 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\">&#8211;<\/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\">&#8211;<\/td>\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: right;vertical-align: middle\" \/>\n<td 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\">146,359<\/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\">134,170<\/td>\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: right;vertical-align: middle\" \/>\n<td 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\">128,569<\/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\">105,951<\/td>\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: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Total assets<\/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\">4,990,655<\/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=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\">4,040,623<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\">LIABILITIES AND EQUITY:<\/td>\n<td colspan=\"2\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Debt and finance lease obligations<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">3,380,063<\/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\">2,862,592<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td 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\">347,087<\/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\">385,159<\/td>\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: right;vertical-align: middle\" \/>\n<td 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\">60,972<\/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\">14,121<\/td>\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: right;vertical-align: middle\" \/>\n<td 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\">165,935<\/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\">167,495<\/td>\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: right;vertical-align: middle\" \/>\n<td 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\">127,687<\/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\">125,759<\/td>\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: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Deferred income tax liabilities, 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\">16,346<\/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\">12,915<\/td>\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: right;vertical-align: middle\" \/>\n<td 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\">66,200<\/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\">64,824<\/td>\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: right;vertical-align: middle\" \/>\n<td 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\">327,649<\/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\">311,857<\/td>\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: right;vertical-align: middle\" \/>\n<td 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\">498,716<\/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\">95,901<\/td>\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: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">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\">4,990,655<\/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=\"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\">4,040,623<\/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=\"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 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 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 style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td colspan=\"2\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td colspan=\"2\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"25\" style=\"text-align: center;vertical-align: middle\"><strong>RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"25\" style=\"text-align: center;vertical-align: middle\"><strong>SUPPLEMENTAL FINANCIAL RESULTS<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"25\" style=\"text-align: center;vertical-align: middle\"><strong>ADJUSTED EBITDAre RECONCILIATION<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"25\" style=\"text-align: center;vertical-align: middle\">Unaudited<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"25\" style=\"text-align: center;vertical-align: middle\">(in thousands)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td colspan=\"2\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;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 colspan=\"2\" 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 colspan=\"2\" 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 colspan=\"2\" 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 colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td 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 colspan=\"11\" style=\"text-align: center;vertical-align: middle\"><strong>Three Months Ended Jun. 30,<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"11\" style=\"text-align: center;vertical-align: middle\"><strong>Six Months Ended Jun. 30,<\/strong><\/td>\n<td 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=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" 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=\"3\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2022<\/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=\"3\" 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=\"3\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2022<\/strong><\/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\" \/><\/tr>\n<tr>\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>$<\/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=\"3\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Margin<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>$<\/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=\"3\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Margin<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: left;vertical-align: middle\"><u>Consolidated<\/u><\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Revenue<\/strong><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">504,843<\/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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">470,204<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/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;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">769,339<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:35%;width:35%;min-width:35%;vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Net income<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"max-width:6%;width:6%;min-width:6%;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:6%;width:6%;min-width:6%;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%;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\">$<\/td>\n<td style=\"max-width:6%;width:6%;min-width:6%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">50,924<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"max-width:6%;width:6%;min-width:6%;padding-right: 0;text-align: right;vertical-align: middle\">10.8<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"max-width:6%;width:6%;min-width:6%;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:6%;width:6%;min-width:6%;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<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:6%;width:6%;min-width:6%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">26,127<\/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:6%;width:6%;min-width:6%;padding-right: 0;text-align: right;vertical-align: middle\">3.4<\/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\" \/><\/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\">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\">43,861<\/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\">32,579<\/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\">83,842<\/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\">63,135<\/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\" \/><\/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\">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\">3,544<\/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\">17,634<\/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\">5,177<\/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\">17,569<\/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\" \/><\/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\">48,257<\/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\">56,715<\/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\">96,614<\/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\">112,743<\/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\" \/><\/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\">(Gain) loss 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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(142<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/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\">&#8211;<\/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\">327<\/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\" \/><\/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\">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\">8<\/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\">23<\/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\">17<\/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\">45<\/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\" \/><\/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>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\">165,813<\/td>\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 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\">157,733<\/td>\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\">33.5<\/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=\"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<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\">219,946<\/td>\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\">28.6<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td 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\">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\">67<\/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\">221<\/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\">257<\/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\">525<\/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\" \/><\/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 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\">1,499<\/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\">1,108<\/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\">3,000<\/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\">2,281<\/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\" \/><\/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\">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\">3,801<\/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\">3,654<\/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\">7,540<\/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\">7,440<\/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\" \/><\/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\">Pension settlement charge<\/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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">853<\/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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">853<\/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\" \/><\/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\">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\">1,270<\/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\">1,339<\/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\">2,541<\/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\">2,679<\/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\" \/><\/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\">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\">2,252<\/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\">1,547<\/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\">2,252<\/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\">1,547<\/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\" \/><\/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\">Transaction costs of acquisitions<\/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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,170<\/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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,348<\/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\" \/><\/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>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\">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-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 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\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">167,625<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\">35.6<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/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\">332,377<\/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-right: 0;text-align: right;vertical-align: middle\">33.4<\/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\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">236,619<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">30.8<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\">Adjusted EBITDAre of noncontrolling interest in consolidated joint venture<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(8,819<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;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;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(1,131<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">)<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/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: right;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;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(1,131<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">)<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Adjusted EBITDAre, excluding noncontrolling interest in consolidated joint venture<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/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\">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-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 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\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">166,494<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">35.4<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/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\">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-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<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\">235,488<\/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-right: 0;text-align: right;vertical-align: middle\">30.6<\/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\" \/><\/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\" \/>\n<td colspan=\"3\" 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=\"3\" 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=\"3\" 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=\"3\" 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\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"6\" style=\"text-align: left;vertical-align: middle\"><u>Hospitality segment<\/u><\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" 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=\"3\" 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=\"3\" 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\" \/><\/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\">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;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">401,802<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/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;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">662,913<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Operating income<\/strong><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">107,733<\/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\">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\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">100,573<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">25.0<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">213,803<\/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\">25.4<\/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\">116,241<\/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\">17.5<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td 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\">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\">42,646<\/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\">52,016<\/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\">85,521<\/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\">104,287<\/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\" \/><\/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 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\">1,018<\/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\">1,055<\/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\">2,037<\/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\">2,108<\/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\" \/><\/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\">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\">1,270<\/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\">1,339<\/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\">2,541<\/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\">2,679<\/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\" \/><\/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>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\">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-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\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">154,983<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">38.6<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/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-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\">225,315<\/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-right: 0;text-align: right;vertical-align: middle\">34.0<\/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\" \/><\/tr>\n<tr>\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 colspan=\"2\" 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 colspan=\"2\" 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 colspan=\"2\" 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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"6\" style=\"text-align: left;vertical-align: middle\"><u>Entertainment segment<\/u><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" 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=\"3\" 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=\"3\" 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\" \/><\/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\">87,158<\/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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">68,402<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/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;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">106,426<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Operating income<\/strong><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">24,601<\/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\">28.2<\/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\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">18,019<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">26.3<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">34,992<\/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\">22.7<\/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=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">20,456<\/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\">19.2<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td 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\">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\">5,402<\/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\">4,492<\/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\">10,667<\/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\">8,044<\/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\" \/><\/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\">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\">67<\/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\">221<\/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\">257<\/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\">525<\/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\" \/><\/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 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\">481<\/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\">53<\/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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">173<\/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\" \/><\/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\">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\">1,010<\/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\">1,077<\/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\">1,826<\/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\">1,901<\/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\" \/><\/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\">Transaction costs of acquisitions<\/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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,170<\/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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,348<\/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\" \/><\/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\">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\">(2,145<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/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\">(2,979<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/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\">(4,943<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/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\">(5,584<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td 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>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\">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-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 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\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">22,053<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">32.2<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/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\">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-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<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\">26,863<\/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-right: 0;text-align: right;vertical-align: middle\">25.2<\/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\" \/><\/tr>\n<tr>\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 colspan=\"2\" 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 colspan=\"2\" 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 colspan=\"2\" 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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"7\" style=\"text-align: left;vertical-align: middle\"><u>Corporate and Other segment<\/u><\/td>\n<td colspan=\"3\" 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=\"3\" 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=\"3\" 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\" \/><\/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\">(10,094<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;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;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(12,624<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">)<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/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: right;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;text-align: left;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\">(22,855<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;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;text-align: left;vertical-align: middle\" \/>\n<td 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\">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\">209<\/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\">207<\/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\">426<\/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\">412<\/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\" \/><\/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\">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\">(287<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/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\">(424<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/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\">(522<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/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\">492<\/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\" \/><\/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\">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\">2,791<\/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\">2,577<\/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\">5,714<\/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\">5,539<\/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\" \/><\/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\">Pension settlement charge<\/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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">853<\/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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">853<\/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\" \/><\/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>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\">(7,381<\/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\">)<\/td>\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=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(9,411<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">)<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/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: right;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;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\">(15,559<\/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\">)<\/td>\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\" \/><\/tr>\n<tr>\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 colspan=\"2\" 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 colspan=\"2\" 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 colspan=\"2\" 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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: left;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=\"3\" 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=\"3\" 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\" \/><\/tr>\n<\/table>\n<p><\/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 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\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"17\" style=\"text-align: center;vertical-align: middle\"><strong>RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"17\" style=\"text-align: center;vertical-align: middle\"><strong>SUPPLEMENTAL FINANCIAL RESULTS<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/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<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"17\" style=\"text-align: center;vertical-align: middle\">Unaudited<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"17\" style=\"text-align: center;vertical-align: middle\">(in thousands, except per share data)<\/td>\n<td style=\"text-align: right;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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;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 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 style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle\" \/>\n<td 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 colspan=\"7\" style=\"text-align: center;vertical-align: middle\"><strong>Three Months Ended Jun. 30,<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"7\" style=\"text-align: center;vertical-align: middle\"><strong>Six Months Ended Jun. 30,<\/strong><\/td>\n<td 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:55%;width:55%;min-width:55%;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:8%;width:8%;min-width:8%;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:8%;width:8%;min-width:8%;border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2022<\/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:8%;width:8%;min-width:8%;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:8%;width:8%;min-width:8%;border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2022<\/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\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"4\" style=\"text-align: left;vertical-align: middle\"><u>Consolidated<\/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\" \/>\n<td 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>Net income<\/strong><\/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\">70,143<\/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\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">50,924<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/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\" \/>\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\">26,127<\/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\" \/><\/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\">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\">(3,134<\/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\">(280<\/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<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\">(280<\/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\" \/><\/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>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\">67,009<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">50,644<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">25,847<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td 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\">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\">48,227<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">56,685<\/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\" \/>\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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">112,682<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td 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\">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\">(1,620<\/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\">(233<\/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<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(233<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td 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\">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\">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\" \/>\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 style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td 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>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\">113,639<\/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\">107,119<\/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\" \/>\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\">138,341<\/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\" \/><\/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\" \/>\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\" \/>\n<td 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\">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\">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\" \/>\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 style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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\" \/>\n<td 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 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\">1,499<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,108<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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\">2,281<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td 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\">Pension settlement charge<\/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\">853<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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\">853<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td 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\">Loss 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 style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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\">469<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td 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\">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\">2,633<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2,309<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">4,538<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td 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\">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\">545<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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=\"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\">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\">2,252<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,547<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,547<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td 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\">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\">(870<\/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\">(32<\/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<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td 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\">Transaction costs of acquisitions<\/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\">1,170<\/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\" \/>\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\">1,348<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td 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\">Deferred tax provision<\/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\">2,664<\/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\">710<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">295<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td 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>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;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: 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\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\">114,875<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/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\" \/>\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=\"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\">149,689<\/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=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;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\">Capital expenditures<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\">(23,333<\/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\">(19,930<\/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\">(47,221<\/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\">(32,235<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td 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>Adjusted FFO available to common stockholders and unit holders (ex. maintenance capex)<\/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;text-align: right;vertical-align: middle\">99,059<\/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=\"border-top: solid black 1pt;border-bottom: double black 3pt;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\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\">94,945<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\">188,764<\/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=\"border-top: solid black 1pt;border-bottom: double black 3pt;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\">117,454<\/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=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;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\" \/>\n<td colspan=\"3\" style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\" \/>\n<td 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\" \/>\n<td colspan=\"3\" style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"vertical-align: middle;text-align: left;padding-left: 20.0px\" \/>\n<td 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\">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\">1.18<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">0.91<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">0.47<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Diluted net income per share<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1.15<\/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\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">0.91<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/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\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">0.46<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">FFO available to common stockholders and unit holders per basic share\/unit<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2.00<\/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\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1.93<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2.49<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Adjusted FFO available to common stockholders and unit holders per basic share\/unit<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2.16<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2.07<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2.70<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">FFO available to common stockholders and unit holders per diluted share\/unit<sup> (2)<\/sup><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1.92<\/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\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1.91<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/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\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2.48<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Adjusted FFO available to common stockholders and unit holders per diluted share\/unit <sup>(2)<\/sup><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2.06<\/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\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2.05<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3.95<\/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\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2.69<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td 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\" \/>\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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"16\" style=\"text-align: left;vertical-align: middle\"><u>Weighted average common shares and OP units for the period:<\/u><\/td>\n<td 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\">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\">56,724<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">55,545<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">55,513<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td 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\">Diluted <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\">60,884<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">56,256<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">55,716<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td 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 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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"17\" style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">(1) Represents FF&amp;E reserve contribution for managed properties and maintenance capital expenditures for non-managed properties.<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"17\" rowspan=\"2\" style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">(2) Diluted weighted average common shares and OP units for the three months and six months ended June 30, 2023 include 3.9 million and 4.0 million, respectively, and the three months ended June 30, 2022 includes0.5 million 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.<\/td>\n<\/tr>\n<tr>\n<td 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\" \/>\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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<\/table>\n<p><\/p>\n<p><\/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 style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td colspan=\"2\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td colspan=\"2\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"25\" style=\"text-align: center;vertical-align: middle\"><strong>RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"25\" style=\"text-align: center;vertical-align: middle\"><strong>SUPPLEMENTAL FINANCIAL RESULTS<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"25\" style=\"text-align: center;vertical-align: middle\"><strong>HOSPITALITY SEGMENT ADJUSTED EBITDAre RECONCILIATIONS AND OPERATING METRICS<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"25\" style=\"text-align: center;vertical-align: middle\">Unaudited<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"25\" style=\"text-align: center;vertical-align: middle\">(in thousands)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td colspan=\"2\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"11\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"11\" style=\"text-align: center;vertical-align: middle\" \/>\n<td 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 colspan=\"11\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Three Months Ended Jun. 30,<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"11\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Six Months Ended Jun. 30,<\/strong><\/td>\n<td 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=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" 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=\"3\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2022<\/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=\"3\" 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=\"3\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2022<\/strong><\/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\" \/><\/tr>\n<tr>\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>$<\/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=\"3\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Margin<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>$<\/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=\"3\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Margin<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"6\" style=\"text-align: left;vertical-align: middle\"><u><strong>Hospitality segment<\/strong><\/u><\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:35%;width:35%;min-width:35%;vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Revenue<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"max-width:6%;width:6%;min-width:6%;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:6%;width:6%;min-width:6%;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\">$<\/td>\n<td style=\"max-width:6%;width:6%;min-width:6%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">401,802<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:6%;width:6%;min-width:6%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"max-width:6%;width:6%;min-width:6%;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:6%;width:6%;min-width:6%;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\">$<\/td>\n<td style=\"max-width:6%;width:6%;min-width:6%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">662,913<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:6%;width:6%;min-width:6%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"max-width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:35%;min-width:35%;vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Operating income<\/strong><\/td>\n<td style=\"max-width:1%;min-width:1%;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"max-width:6%;min-width:6%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">107,733<\/td>\n<td style=\"max-width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"max-width:6%;min-width:6%;padding-right: 0;text-align: right;vertical-align: middle\">25.8<\/td>\n<td style=\"max-width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"max-width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;min-width:1%;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"max-width:6%;min-width:6%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">100,573<\/td>\n<td style=\"max-width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"max-width:6%;min-width:6%;padding-right: 0;text-align: right;vertical-align: middle\">25.0<\/td>\n<td style=\"max-width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"max-width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;min-width:1%;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"max-width:6%;min-width:6%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">213,803<\/td>\n<td style=\"max-width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"max-width:6%;min-width:6%;padding-right: 0;text-align: right;vertical-align: middle\">25.4<\/td>\n<td style=\"max-width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"max-width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;min-width:1%;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"max-width:6%;min-width:6%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">116,241<\/td>\n<td style=\"max-width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"max-width:6%;min-width:6%;padding-right: 0;text-align: right;vertical-align: middle\">17.5<\/td>\n<td style=\"max-width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"max-width:1%;min-width:1%;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\">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\">42,646<\/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\">52,016<\/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\">85,521<\/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\">104,287<\/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\" \/><\/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 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\">1,018<\/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\">1,055<\/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\">2,037<\/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\">2,108<\/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\" \/><\/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\">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\">1,270<\/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\">1,339<\/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\">2,541<\/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\">2,679<\/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\" \/><\/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>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\">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-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\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">154,983<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">38.6<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/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-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\">225,315<\/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-right: 0;text-align: right;vertical-align: middle\">34.0<\/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\" \/><\/tr>\n<tr>\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 colspan=\"2\" 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 colspan=\"2\" 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 colspan=\"2\" 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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td 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\">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\">72.7<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/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\">72.7<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/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\">72.5<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/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\">60.1<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td 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\">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\">244.77<\/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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">234.50<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/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;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\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">232.41<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">RevPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">177.83<\/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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">170.46<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/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;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\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">139.61<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">OtherPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">262.29<\/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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">253.61<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/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;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\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">212.15<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Total RevPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">440.12<\/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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">424.07<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/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;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\">351.76<\/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\" \/>\n<td 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\" \/>\n<td colspan=\"3\" 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=\"3\" 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=\"3\" 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=\"3\" 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\" \/><\/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\" \/>\n<td colspan=\"3\" 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=\"3\" 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=\"3\" 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=\"3\" 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\" \/><\/tr>\n<tr>\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 colspan=\"2\" 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 colspan=\"2\" 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 colspan=\"2\" 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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"6\" style=\"text-align: left;vertical-align: middle\"><u><strong>Gaylord Opryland<\/strong><\/u><\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" 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=\"3\" 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=\"3\" 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\" \/><\/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\">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;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">105,497<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/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;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">179,016<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Operating income <\/strong><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">32,011<\/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\">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\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">31,871<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">30.2<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/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-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<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\">47,426<\/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\">26.5<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td 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\">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\">8,512<\/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\">8,557<\/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\">17,066<\/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\">17,146<\/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\" \/><\/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\">(12<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/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\">(12<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/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\">(24<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/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\">(25<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td 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>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\">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-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\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">40,416<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">38.3<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/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\">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-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\">64,547<\/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-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\" \/><\/tr>\n<tr>\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 colspan=\"2\" 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 colspan=\"2\" 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 colspan=\"2\" 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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td 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\">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\">71.2<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/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\">75.1<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/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\">71.9<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/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\">62.0<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td 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\">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\">252.01<\/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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">233.68<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/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;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\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">236.06<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">RevPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">179.38<\/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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">175.51<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/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;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\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">146.41<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">OtherPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">240.98<\/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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">225.91<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/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;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\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">196.05<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Total RevPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">420.36<\/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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">401.42<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/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;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\">342.46<\/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\" \/>\n<td 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\" \/>\n<td colspan=\"3\" 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=\"3\" 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=\"3\" 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=\"3\" 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\" \/><\/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\" \/>\n<td colspan=\"3\" 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=\"3\" 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=\"3\" 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=\"3\" 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\" \/><\/tr>\n<tr>\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 colspan=\"2\" 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 colspan=\"2\" 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 colspan=\"2\" 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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"6\" style=\"text-align: left;vertical-align: middle\"><u><strong>Gaylord Palms<\/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 colspan=\"2\" 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 colspan=\"2\" 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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td 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\">73,829<\/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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">68,289<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/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;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">128,137<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Operating income<\/strong><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">18,322<\/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\">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\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">18,218<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">26.7<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/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-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\">34,076<\/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\">26.6<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td 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\">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\">5,543<\/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\">5,566<\/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\">11,153<\/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\">11,118<\/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\" \/><\/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 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\">1,030<\/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\">1,067<\/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\">2,061<\/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\">2,133<\/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\" \/><\/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>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\">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-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\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">24,851<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">36.4<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/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\">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-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<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\">47,327<\/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-right: 0;text-align: right;vertical-align: middle\">36.9<\/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\" \/><\/tr>\n<tr>\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 colspan=\"2\" 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 colspan=\"2\" 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 colspan=\"2\" 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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td 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\">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\">75.8<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/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\">74.6<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/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\">77.6<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/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\">65.1<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td 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\">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\">243.55<\/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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">231.53<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/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;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\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">241.99<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">RevPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">184.58<\/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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">172.78<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">194.62<\/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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">157.65<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">OtherPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">287.66<\/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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">264.02<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/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;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\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">254.42<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Total RevPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">472.24<\/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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">436.80<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">509.31<\/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\" \/>\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\">412.07<\/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\" \/>\n<td 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\" \/>\n<td colspan=\"3\" 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=\"3\" 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=\"3\" 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=\"3\" 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\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\" \/>\n<td colspan=\"3\" 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=\"3\" 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=\"3\" 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=\"3\" 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\" \/><\/tr>\n<tr>\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 colspan=\"2\" 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 colspan=\"2\" 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 colspan=\"2\" 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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"6\" style=\"text-align: left;vertical-align: middle\"><u><strong>Gaylord Texan<\/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 colspan=\"2\" 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 colspan=\"2\" 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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td 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\">81,479<\/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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">77,665<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/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;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">134,301<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Operating income<\/strong><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">26,105<\/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\">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\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">25,734<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">33.1<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/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-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<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\">38,650<\/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\">28.8<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td 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\">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\">5,718<\/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\">5,742<\/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\">11,484<\/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\">12,440<\/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\" \/><\/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>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\">31,823<\/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-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\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">31,476<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">40.5<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/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\">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-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\">51,090<\/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-right: 0;text-align: right;vertical-align: middle\">38.0<\/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\" \/><\/tr>\n<tr>\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 colspan=\"2\" 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 colspan=\"2\" 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 colspan=\"2\" 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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td 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\">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\">75.1<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/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\">74.3<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/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\">76.1<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/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\">66.1<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td 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\">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\">234.86<\/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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">231.22<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/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;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\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">226.94<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">RevPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">176.49<\/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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">171.74<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/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;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\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">150.02<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">OtherPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">317.10<\/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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">298.74<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/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;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\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">259.02<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Total RevPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">493.59<\/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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">470.48<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/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;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\">409.04<\/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\" \/>\n<td 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\" \/>\n<td colspan=\"3\" 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=\"3\" 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=\"3\" 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=\"3\" 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\" \/><\/tr>\n<\/table>\n<p><\/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 style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td colspan=\"2\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td colspan=\"2\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"25\" style=\"text-align: center;vertical-align: middle\"><strong>RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"25\" style=\"text-align: center;vertical-align: middle\"><strong>SUPPLEMENTAL FINANCIAL RESULTS<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"25\" style=\"text-align: center;vertical-align: middle\"><strong>HOSPITALITY SEGMENT ADJUSTED EBITDAre RECONCILIATIONS AND OPERATING METRICS<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"25\" style=\"text-align: center;vertical-align: middle\">Unaudited<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"25\" style=\"text-align: center;vertical-align: middle\">(in thousands)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"3\" \/>\n<td colspan=\"2\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"11\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"11\" style=\"text-align: center;vertical-align: middle\" \/>\n<td 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 colspan=\"11\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Three Months Ended Jun. 30,<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"11\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Six Months Ended Jun. 30,<\/strong><\/td>\n<td 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=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" 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=\"3\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2022<\/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=\"3\" 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=\"3\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;padding-right: 0;text-align: center;vertical-align: middle\"><strong>2022<\/strong><\/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\" \/><\/tr>\n<tr>\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>$<\/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=\"3\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Margin<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>$<\/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=\"3\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td colspan=\"2\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Margin<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"6\" style=\"text-align: left;vertical-align: middle\"><u><strong>Gaylord National<\/strong><\/u><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:35%;width:35%;min-width:35%;vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Revenue<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"max-width:6%;width:6%;min-width:6%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">77,014<\/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:6%;width:6%;min-width:6%;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\">$<\/td>\n<td style=\"max-width:6%;width:6%;min-width:6%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">72,223<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:6%;width:6%;min-width:6%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"max-width:6%;width:6%;min-width:6%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">149,786<\/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:6%;width:6%;min-width:6%;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\">$<\/td>\n<td style=\"max-width:6%;width:6%;min-width:6%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">104,810<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:6%;width:6%;min-width:6%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Operating income<\/strong><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">14,926<\/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\">19.4<\/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\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">12,824<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">17.8<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">22,981<\/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\">15.3<\/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\">1,549<\/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\">1.5<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td 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\">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\">8,257<\/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\">8,860<\/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\">16,551<\/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\">16,999<\/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\" \/><\/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\">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\">1,270<\/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\">1,339<\/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\">2,541<\/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\">2,679<\/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\" \/><\/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>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\">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-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\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">23,023<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">31.9<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/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\">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-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<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\">21,227<\/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-right: 0;text-align: right;vertical-align: middle\">20.3<\/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\" \/><\/tr>\n<tr>\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 colspan=\"2\" 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 colspan=\"2\" 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 colspan=\"2\" 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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td 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\">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\">67.8<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/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\">64.2<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/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\">67.6<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/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\">49.9<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td 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\">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\">251.80<\/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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">251.45<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/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;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\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">240.22<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">RevPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">170.65<\/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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">161.40<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/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;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\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">119.80<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">OtherPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">253.35<\/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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">236.22<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/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;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\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">170.31<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Total RevPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">424.00<\/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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">397.62<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/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;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\">290.11<\/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\" \/>\n<td 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\" \/>\n<td colspan=\"3\" 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=\"3\" 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=\"3\" 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=\"3\" 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\" \/><\/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\" \/>\n<td colspan=\"3\" 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=\"3\" 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=\"3\" 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=\"3\" 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\" \/><\/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\" \/>\n<td colspan=\"3\" 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=\"3\" 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=\"3\" 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=\"3\" 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\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"6\" style=\"text-align: left;vertical-align: middle\"><u><strong>Gaylord Rockies<\/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 colspan=\"2\" 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 colspan=\"2\" 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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td 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\">67,127<\/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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">70,755<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/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;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">105,542<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Operating income (loss)<\/strong><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">14,691<\/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\">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\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">10,215<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">14.4<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">25,559<\/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\">19.5<\/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\">(6,569<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">-6.2<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td 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\">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\">14,124<\/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\">22,650<\/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\">28,169<\/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\">45,298<\/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\" \/><\/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>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\">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-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\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">32,865<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">46.4<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/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\">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-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<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\">38,729<\/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-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\" \/><\/tr>\n<tr>\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 colspan=\"2\" 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 colspan=\"2\" 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 colspan=\"2\" 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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td 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\">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\">77.8<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/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\">76.6<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/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\">73.9<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/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\">58.0<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td 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\">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\">247.92<\/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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">235.69<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/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;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\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">228.22<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">RevPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">192.84<\/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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">180.45<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/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;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\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">132.29<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">OtherPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">298.61<\/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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">337.56<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/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;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\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">256.19<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Total RevPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">491.45<\/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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">518.01<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/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;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\">388.48<\/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\" \/>\n<td 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\" \/>\n<td colspan=\"3\" 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=\"3\" 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=\"3\" 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=\"3\" 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\" \/><\/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\" \/>\n<td colspan=\"3\" 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=\"3\" 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=\"3\" 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=\"3\" 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\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"10\" style=\"text-align: left;vertical-align: middle\"><u><strong>The AC Hotel at National Harbor<\/strong><\/u><\/td>\n<td colspan=\"2\" 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 colspan=\"2\" 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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td 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\">3,401<\/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\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3,261<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">5,612<\/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\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">4,868<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Operating income<\/strong><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">923<\/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\">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\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">539<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">16.5<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/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-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<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\">132<\/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\">2.7<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td 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\">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\">171<\/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\">328<\/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\">452<\/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\">655<\/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\" \/><\/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>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\">1,094<\/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-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\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">867<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">26.6<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/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\">1,197<\/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-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<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\">787<\/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-right: 0;text-align: right;vertical-align: middle\">16.2<\/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\" \/><\/tr>\n<tr>\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 colspan=\"2\" 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 colspan=\"2\" 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 colspan=\"2\" 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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td 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\">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\">64.0<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/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\">71.2<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/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\">59.1<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/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\">58.8<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td 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\">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\">277.86<\/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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">233.52<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/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;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\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">211.27<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">RevPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">177.77<\/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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">166.20<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/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;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\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">124.16<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">OtherPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">16.91<\/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\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">20.39<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">13.17<\/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\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">15.90<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Total RevPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">194.68<\/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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">186.59<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/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;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\">140.06<\/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\" \/>\n<td 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\" \/>\n<td colspan=\"3\" 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=\"3\" 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=\"3\" 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=\"3\" 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\" \/><\/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\" \/>\n<td colspan=\"3\" 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=\"3\" 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=\"3\" 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=\"3\" 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\" \/><\/tr>\n<tr>\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 colspan=\"2\" 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 colspan=\"2\" 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 colspan=\"2\" 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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"7\" style=\"text-align: left;vertical-align: middle\"><u><strong>The Inn at Opryland <\/strong><\/u><sup><u><strong>(1)<\/strong><\/u><\/sup><\/td>\n<td colspan=\"3\" 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=\"3\" 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=\"3\" 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\" \/><\/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\">4,360<\/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\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">4,112<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">7,019<\/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\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">6,239<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\"><strong>Operating income<\/strong><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">755<\/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\">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\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,172<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">28.5<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/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-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<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\">977<\/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\">15.7<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td 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\">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\">321<\/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\">313<\/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\">646<\/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\">631<\/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\" \/><\/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>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\">1,076<\/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-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\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,485<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">36.1<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/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\">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-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<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\">1,608<\/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-right: 0;text-align: right;vertical-align: middle\">25.8<\/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\" \/><\/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\" \/>\n<td colspan=\"3\" 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=\"3\" 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=\"3\" 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=\"3\" 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\" \/><\/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\">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\">66.3<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/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\">67.0<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/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\">61.5<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/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\">54.9<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">%<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td 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\">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\">159.71<\/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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">170.57<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/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;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\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">157.68<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">RevPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">105.84<\/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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">114.26<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">86.60<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">OtherPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">26.08<\/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\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">34.94<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">22.39<\/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\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">27.19<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"vertical-align: middle;text-align: left;padding-left: 10.0px\">Total RevPAR<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">131.92<\/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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">149.20<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/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;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\">113.79<\/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\" \/>\n<td 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\" \/>\n<td colspan=\"3\" 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=\"3\" 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=\"3\" 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=\"3\" 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\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"12\" style=\"text-align: left;vertical-align: middle\">(1) Includes other hospitality revenue and expense<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" 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=\"3\" 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\" \/><\/tr>\n<tr>\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 colspan=\"2\" 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 colspan=\"2\" 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 colspan=\"2\" 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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td 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 \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"2\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"2\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"14\" style=\"text-align: center;vertical-align: middle\"><strong>RYMAN HOSPITALITY PROPERTIES, INC. AND SUBSIDIARIES<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"14\" style=\"text-align: center;vertical-align: middle\"><strong>SUPPLEMENTAL FINANCIAL RESULTS<\/strong><strong><br \/><\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"14\" style=\"text-align: center;vertical-align: middle\"><strong>EARNINGS PER SHARE, FFO PER SHARE AND ADJUSTED FFO PER SHARE CALCULATIONS<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"14\" style=\"text-align: center;vertical-align: middle\">Unaudited<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"14\" style=\"text-align: center;vertical-align: middle\">(In thousands, except per share data)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td \/>\n<td \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"2\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" \/>\n<td \/>\n<td colspan=\"2\" \/>\n<td 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 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 colspan=\"2\" 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\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"5\" style=\"text-align: center;vertical-align: middle\"><strong>Six Months Ended<\/strong><\/td>\n<td 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 colspan=\"5\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Jun. 30,<\/strong><\/td>\n<td colspan=\"2\" 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 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:43%;width:43%;min-width:43%;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:12%;width:12%;min-width:12%;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:12%;width:12%;min-width:12%;border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\"><strong>2022<\/strong><\/td>\n<td colspan=\"2\" 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:12%;width:12%;min-width:12%;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:12%;width:12%;min-width:12%;border-top: solid black 1pt;border-bottom: solid black 1pt;padding-left: 0;text-align: center;vertical-align: middle\"><strong>2022<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"4\" style=\"text-align: left;vertical-align: middle\"><u><strong>Earnings per share:<\/strong><\/u><\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;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=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td 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 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 colspan=\"2\" style=\"text-align: right;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=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: right;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 colspan=\"2\" style=\"text-align: right;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=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\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;text-align: right;vertical-align: middle\">66,543<\/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\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">50,284<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">127,863<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">25,663<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Net income attributable to noncontrolling interest in consolidated joint venture<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">3,134<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">280<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">2,371<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Net income available to common stockholders &#8211; if-converted method<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\">69,677<\/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=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">50,564<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/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<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;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\">25,663<\/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 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: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;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=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: right;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 colspan=\"2\" style=\"text-align: right;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=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">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\">56,329<\/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\">55,150<\/td>\n<td colspan=\"2\" style=\"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\">55,759<\/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\">55,118<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">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\">232<\/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\">170<\/td>\n<td colspan=\"2\" style=\"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\">256<\/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\">203<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">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\">3,928<\/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\">542<\/td>\n<td colspan=\"2\" style=\"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\">3,958<\/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\">&#8211;<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">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\">60,489<\/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\">55,862<\/td>\n<td colspan=\"2\" 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\" \/>\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<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\">55,321<\/td>\n<td 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 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 colspan=\"2\" style=\"text-align: right;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=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td 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=\"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 style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">0.91<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">2.29<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">0.47<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\">Diluted income per share available to common stockholders<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">1.15<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">0.91<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">2.17<\/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\">0.46<\/td>\n<td 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 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 colspan=\"2\" style=\"text-align: right;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=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td 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 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 colspan=\"2\" style=\"text-align: right;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=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"7\" 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: right;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=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td 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 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 colspan=\"2\" style=\"text-align: right;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=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"4\" style=\"text-align: left;vertical-align: middle\"><strong>Numerator &#8211; FFO:<\/strong><\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;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=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">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\">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\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">107,119<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">222,165<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">138,341<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Net income attributable to noncontrolling interest in consolidated joint venture<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">3,134<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">280<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">2,371<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">FFO available to common stockholders and unit holders &#8211; if-converted method<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\">116,773<\/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=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">107,399<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/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<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;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\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\">138,341<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"5\" style=\"text-align: left;vertical-align: middle\"><strong>Numerator &#8211; Adjusted FFO:<\/strong><\/td>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Adjusted FFO available to common stockholders and unit holders<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;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\">$<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">114,875<\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">235,985<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">149,689<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Net income attributable to noncontrolling interest in consolidated joint venture<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">3,134<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">280<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">2,371<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">&#8211;<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Adjusted FFO available to common stockholders and unit holders &#8211; if-converted method<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: right;vertical-align: middle\">125,526<\/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=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">115,155<\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\">$<\/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<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;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\">149,689<\/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 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: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;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=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: right;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 colspan=\"2\" style=\"text-align: right;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=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">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\">56,724<\/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\">55,545<\/td>\n<td colspan=\"2\" style=\"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\">56,154<\/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\">55,513<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">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\">232<\/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\">170<\/td>\n<td colspan=\"2\" style=\"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\">256<\/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\">203<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">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\">3,928<\/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\">542<\/td>\n<td colspan=\"2\" style=\"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\">3,958<\/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\">&#8211;<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">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\">60,884<\/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\">56,257<\/td>\n<td colspan=\"2\" 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\" \/>\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<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\">55,716<\/td>\n<td 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 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 colspan=\"2\" style=\"text-align: right;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=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: right;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\">2.00<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">1.93<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">3.96<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">2.49<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\">Adjusted FFO available to common stockholders and unit holders per basic share\/unit<\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">2.16<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">2.07<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">4.20<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">2.70<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\">FFO available to common stockholders and unit holders per diluted share\/unit <sup>(1)<\/sup><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">1.92<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">1.91<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">3.72<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">2.48<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\">Adjusted FFO available to common stockholders and unit holders per diluted share\/unit <sup>(1)<\/sup><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">2.06<\/td>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">2.05<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\">$<\/td>\n<td style=\"padding-left: 0;text-align: right;vertical-align: middle\">3.95<\/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\">2.69<\/td>\n<td 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 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 colspan=\"2\" style=\"text-align: right;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=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td 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 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 colspan=\"2\" style=\"text-align: right;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=\"2\" style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"15\" style=\"text-align: left;vertical-align: middle\">(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 orshares at the Company&#8217;s option.<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" style=\"text-align: left;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 colspan=\"2\" 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\" \/><\/tr>\n<\/table>\n<p><\/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 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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"16\" style=\"text-align: center;vertical-align: middle\"><strong>Ryman Hospitality Properties, Inc. and Subsidiaries<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"16\" style=\"text-align: center;vertical-align: middle\"><strong>Reconciliation of Forward-Looking Statements<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"16\" style=\"text-align: center;vertical-align: middle\"><strong>Unaudited<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"16\" style=\"text-align: center;vertical-align: middle\"><strong>(in thousands)<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"16\" 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 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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" 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: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" 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: right;vertical-align: middle\" \/>\n<td colspan=\"13\" 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 colspan=\"13\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>FOR FULL YEAR 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 colspan=\"3\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Low <\/strong><\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>High<\/strong><\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Midpoint<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"6\" style=\"text-align: left;vertical-align: middle\"><u><strong>Ryman Hospitality Properties, Inc.<\/strong><\/u><\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" 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\"><strong>Net Income<\/strong><\/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> 223,500<\/strong><\/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\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 243,500<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 233,500<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\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\">9,000<\/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=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">10,000<\/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=\"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\" \/><\/tr>\n<tr>\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\">196,500<\/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=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">204,000<\/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=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">200,250<\/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: 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\">201,250<\/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=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">211,500<\/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=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">206,375<\/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 colspan=\"2\" style=\"text-align: left;vertical-align: middle\"><strong>EBITDAre<\/strong><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 630,250<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 669,000<\/strong><\/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\" \/>\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> 649,625<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\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\">4,500<\/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=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">6,000<\/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=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">5,250<\/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 colspan=\"2\" style=\"text-align: left;vertical-align: middle\">Preopening 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\">2,000<\/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=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2,750<\/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=\"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\" \/><\/tr>\n<tr>\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\">15,000<\/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=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">16,250<\/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=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">15,625<\/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: 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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Interest income on 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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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: 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\">1,250<\/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;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\">2,500<\/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=\"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=\"max-width:1%;width:1%;min-width:1%;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:64%;width:64%;min-width:64%;text-align: left;vertical-align: middle\"><strong>Adjusted EBITDAre<\/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%;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=\"max-width:8%;width:8%;min-width:8%;border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 659,000<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;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=\"max-width:1%;width:1%;min-width:1%;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=\"max-width:1%;width:1%;min-width:1%;border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;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\"><strong>$<\/strong><\/td>\n<td style=\"max-width:8%;width:8%;min-width:8%;border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 704,000<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"max-width:8%;width:8%;min-width:8%;border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 681,500<\/strong><\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;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 colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"3\" style=\"text-align: left;vertical-align: middle\"><u><strong>Hospitality Segment<\/strong><\/u><\/td>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" 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\"><strong>Operating Income<\/strong><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 405,500<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 427,500<\/strong><\/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\" \/>\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> 416,500<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\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\">179,500<\/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=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">187,000<\/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=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">183,250<\/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: 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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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: left;vertical-align: middle\">Interest income on 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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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: 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\">4,000<\/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=\"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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">4,250<\/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: 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> 597,000<\/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\" \/>\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=\"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\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 629,000<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/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> 613,000<\/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\" \/><\/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 colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"3\" style=\"text-align: left;vertical-align: middle\"><u><strong>Entertainment Segment<\/strong><\/u><\/td>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" 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\"><strong>Operating Income<\/strong><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 76,000<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 80,500<\/strong><\/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=\"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> 78,250<\/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: 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\">20,000<\/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=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">22,500<\/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=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">21,250<\/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: 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\">1,000<\/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=\"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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,250<\/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 colspan=\"2\" style=\"text-align: left;vertical-align: middle\">Preopening 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\">2,000<\/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=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2,750<\/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=\"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\" \/><\/tr>\n<tr>\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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">4,250<\/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=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3,875<\/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: left;vertical-align: middle\">Loss from unconsolidated companies<\/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\">(8,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(7,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(8,000<\/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: 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> 94,000<\/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 colspan=\"2\" 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>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 104,000<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/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> 99,000<\/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 colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"6\" style=\"text-align: left;vertical-align: middle\"><u><strong>Corporate and Other Segment<\/strong><\/u><\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" 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\"><strong>Operating Loss<\/strong><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> (44,000<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong>)<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/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;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\" \/>\n<td style=\"padding-left: 0;text-align: left;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> (43,500<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong>)<\/strong><\/td>\n<\/tr>\n<tr>\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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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: 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\">11,500<\/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=\"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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">11,750<\/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: 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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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\" \/><\/tr>\n<tr>\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\">(2,750<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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: 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> (32,000<\/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>)<\/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\" \/>\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\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> (29,000<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong>)<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/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> (30,500<\/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>)<\/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 colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"6\" style=\"text-align: left;vertical-align: middle\"><u><strong>Ryman Hospitality Properties, Inc.<\/strong><\/u><\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" 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: left;vertical-align: middle\"><strong>Net Income available to common shareholders<\/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>222,500<\/strong><\/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=\"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>232,500<\/strong><\/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=\"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> 227,500<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\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\">201,250<\/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=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">211,500<\/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=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">206,375<\/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: 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\">(8,000<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(6,000<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(7,000<\/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: left;vertical-align: middle\"><strong>Funds from Operations (FFO) available to common shareholders<\/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> 415,750<\/strong><\/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\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 438,000<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 426,875<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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: 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\">4,500<\/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=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">6,000<\/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=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">5,250<\/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: 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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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\" \/><\/tr>\n<tr>\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\">1,250<\/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=\"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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,375<\/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: 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\">(1,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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\">)<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(1,250<\/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: 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\">10,000<\/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=\"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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">11,000<\/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: 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\">500<\/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=\"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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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 colspan=\"2\" style=\"text-align: left;vertical-align: middle\">Deferred 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\">5,000<\/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=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">6,000<\/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=\"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\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\"><strong>Adjusted FFO available to common shareholders<\/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>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 437,000<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/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> 466,000<\/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\" \/>\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=\"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\"><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> 451,500<\/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\" \/><\/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 colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<\/table>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td colspan=\"16\" style=\"text-align: center;vertical-align: middle\"><strong>Ryman Hospitality Properties, Inc. and Subsidiaries<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"16\" style=\"text-align: center;vertical-align: middle\"><strong>Reconciliation of Forward-Looking Statements<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"16\" style=\"text-align: center;vertical-align: middle\"><strong>Unaudited<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"16\" style=\"text-align: center;vertical-align: middle\"><strong>(in thousands)<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: center;vertical-align: middle\" \/>\n<td style=\"text-align: center;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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" 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\" \/><\/tr>\n<tr>\n<td colspan=\"16\" 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<td 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 colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" 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\" \/><\/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 colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" 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\" \/><\/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 colspan=\"13\" style=\"text-align: center;vertical-align: middle\"><strong>PRIOR GUIDANCE RANGE<\/strong><\/td>\n<td 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 colspan=\"13\" style=\"border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>FOR FULL YEAR 2023<\/strong><\/td>\n<td 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 colspan=\"3\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Low <\/strong><\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>High<\/strong><\/td>\n<td colspan=\"2\" style=\"border-top: solid black 1pt;text-align: center;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"border-top: solid black 1pt;border-bottom: solid black 1pt;text-align: center;vertical-align: middle\"><strong>Midpoint<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td colspan=\"6\" style=\"text-align: left;vertical-align: middle\"><u><strong>Ryman Hospitality Properties, Inc.<\/strong><\/u><\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" 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\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\"><strong>Net Income<\/strong><\/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> 223,500<\/strong><\/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\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 243,500<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 233,500<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\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\">9,000<\/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=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">10,000<\/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=\"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\" \/><\/tr>\n<tr>\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\">182,500<\/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=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">188,000<\/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=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">185,250<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\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=\"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\">189,250<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" 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\">199,500<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" 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\">194,375<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td 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\"><strong>EBITDAre<\/strong><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 604,250<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 641,000<\/strong><\/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\" \/>\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> 622,625<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\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\">4,500<\/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=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">6,000<\/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=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">5,250<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td 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\">Preopening 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\">2,000<\/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=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2,750<\/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=\"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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\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\">15,000<\/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=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">16,250<\/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=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">15,625<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Interest income on 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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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\" \/>\n<td 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:63%;width:63%;min-width:63%;text-align: left;vertical-align: middle\">Other gains and (losses), net<\/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\" \/>\n<td style=\"max-width:8%;width:8%;min-width:8%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">250<\/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-right: 0;text-align: right;vertical-align: middle\">&#8211;<\/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-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"max-width:8%;width:8%;min-width:8%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,500<\/td>\n<td style=\"max-width:1%;width:1%;min-width:1%;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" 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\" \/>\n<td style=\"max-width:8%;width:8%;min-width:8%;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">875<\/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\" \/><\/tr>\n<tr>\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> 632,000<\/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\" \/>\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=\"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\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 675,000<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/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> 653,500<\/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\" \/>\n<td 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 colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" 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\" \/><\/tr>\n<tr>\n<td colspan=\"3\" style=\"text-align: left;vertical-align: middle\"><u><strong>Hospitality Segment<\/strong><\/u><\/td>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" 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\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\"><strong>Operating Income<\/strong><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 391,500<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 411,500<\/strong><\/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\" \/>\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> 401,500<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\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\">167,500<\/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=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">175,000<\/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=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">171,250<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Interest income on 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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\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> 570,000<\/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\" \/>\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=\"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\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 600,000<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/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> 585,000<\/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\" \/>\n<td 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 colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" 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\" \/><\/tr>\n<tr>\n<td colspan=\"3\" style=\"text-align: left;vertical-align: middle\"><u><strong>Entertainment Segment<\/strong><\/u><\/td>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" 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\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\"><strong>Operating Income<\/strong><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 76,000<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 80,500<\/strong><\/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=\"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> 78,250<\/strong><\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\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\">20,000<\/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=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">22,500<\/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=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">21,250<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\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\">1,000<\/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=\"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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,250<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td 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\">Preopening 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\">2,000<\/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=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">2,750<\/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=\"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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">4,250<\/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=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">3,875<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\">Loss from unconsolidated companies<\/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\">(8,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(7,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(8,000<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\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> 94,000<\/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 colspan=\"2\" 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>$<\/strong><\/td>\n<td colspan=\"3\" style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 104,000<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/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> 99,000<\/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\" \/><\/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 colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" 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\" \/><\/tr>\n<tr>\n<td colspan=\"6\" style=\"text-align: left;vertical-align: middle\"><u><strong>Corporate and Other Segment<\/strong><\/u><\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" 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\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: left;vertical-align: middle\"><strong>Operating Loss<\/strong><\/td>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> (44,000<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: left;vertical-align: middle\"><strong>)<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/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;padding-right: 0;text-align: left;vertical-align: middle\"><strong>)<\/strong><\/td>\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=\"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> (43,500<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: left;vertical-align: middle\"><strong>)<\/strong><\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\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\">11,500<\/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=\"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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">11,750<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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\" \/><\/tr>\n<tr>\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\">(2,750<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\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> (32,000<\/strong><\/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\"><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\" \/>\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\"><strong>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> (29,000<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: left;vertical-align: middle\"><strong>)<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/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> (30,500<\/strong><\/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\"><strong>)<\/strong><\/td>\n<td 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 colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" 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\" \/><\/tr>\n<tr>\n<td colspan=\"6\" style=\"text-align: left;vertical-align: middle\"><u><strong>Ryman Hospitality Properties, Inc.<\/strong><\/u><\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" 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\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\"><strong>Net Income available to common shareholders<\/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>222,500<\/strong><\/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=\"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>232,500<\/strong><\/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=\"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> 227,500<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\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\">189,250<\/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=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">199,500<\/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=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">194,375<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\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\">(8,000<\/td>\n<td style=\"border-bottom: solid black 1pt;padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td colspan=\"2\" 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 colspan=\"2\" 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\">(7,000<\/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\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\"><strong>Funds from Operations (FFO) available to common shareholders<\/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> 403,750<\/strong><\/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\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 426,000<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 414,875<\/strong><\/td>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\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\">4,500<\/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=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">6,000<\/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=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">5,250<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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\" \/><\/tr>\n<tr>\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\">1,250<\/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=\"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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">1,375<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\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\">(1,500<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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\">)<\/td>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">(1,250<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\">)<\/td>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\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\">10,000<\/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=\"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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">11,000<\/td>\n<td style=\"padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"text-align: right;vertical-align: middle\" \/><\/tr>\n<tr>\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\">500<\/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=\"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 colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"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\" \/>\n<td 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\">Deferred 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\">5,000<\/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=\"padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\">6,000<\/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=\"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\" \/><\/tr>\n<tr>\n<td style=\"text-align: right;vertical-align: middle\" \/>\n<td style=\"text-align: left;vertical-align: middle\"><strong>Adjusted FFO available to common shareholders<\/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>$<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\"><strong> 425,000<\/strong><\/td>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;padding-right: 0;text-align: right;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-left: 0;text-align: left;vertical-align: middle\" \/>\n<td style=\"border-top: solid black 1pt;border-bottom: double black 3pt;padding-right: 0;text-align: right;vertical-align: middle\"><strong>$<\/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> 454,000<\/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\" \/>\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=\"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\"><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> 439,500<\/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\" \/>\n<td 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 colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"3\" style=\"text-align: right;vertical-align: middle\" \/>\n<td colspan=\"2\" 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\" \/><\/tr>\n<\/table>\n<p><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" data-src=\"https:\/\/ml.globenewswire.com\/media\/ZTA3ZTQ3Y2MtOWEyMy00MGU2LWExOWEtNzliY2YyZTU0YWQ1LTEwMjI5OTI=\/tiny\/Ryman-Hospitality-Properties-I.png\"><\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<p>NASHVILLE, Tenn., Aug. 03, 2023 (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 months ended June 30, 2023.<\/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\/9549"}],"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=9549"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/9549\/revisions"}],"predecessor-version":[{"id":9566,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/9549\/revisions\/9566"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=9549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=9549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=9549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}