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Ryman acquires JW Marriott Phoenix Desert Ridge for $865M

Hotel Business

has acquired the JW Marriott Phoenix Desert Ridge Resort & Spa from Trinity Investments for $865 million. Ryman plans for the resort to continue to be operated by Marriott International under the JW Marriott flag. Adjusted EBITDAre multiple on the resort’s 2024 results. Ryman Hospitality Properties Inc.