Ryman Hospitality Properties completed the acquisition of JW Marriott Phoenix Desert Ridge Resort & Spa for $865m.

Ryman Hospitality Properties, a lodging and hospitality real estate investment trust, completed the acquisition of JW Marriott Phoenix Desert Ridge Resort & Spa, a hotel in Phoenix, Arizona, for $865m. “I want to thank the Ryman team and the sellers, Trinity Investments, for their collaboration in executing an efficient and successful closing. We are excited to begin integrating this premier resort into our differentiated, group-focused portfolio, and we look forward to pursuing compelling value creation opportunities at this beautiful property and across our one-of-a-kind portfolio,” Mark Fioravanti, Ryman Hospitality Properties President and Chief Executive Officer.