Billionaire Mario Gabelli’s Top 15 Stock Picks

13. Ryman Hospitality Properties, Inc. (NYSE:RHP)

Number of Hedge Fund Holders: 28

GAMCO Investors’ Stake: $104.5 million

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. This company presents a solid investment opportunity, supported by the following points. Firstly, the company’s strong financial performance is seen in the report for the third quarter of 2024, driven by record levels of net income and Adjusted EBITDA. For instance, the company generated a net income of $60.4 million and recorded consolidated Adjusted EBITDA of $174.8 million. Secondly, the company aims to add approximately 108,000 square feet of premium, carpeted meeting space to its flagship Gaylord Opryland Resort & Convention Center in Nashville, Tennessee. The planned expansion, expected to be complete by spring 2027, includes a new approximately 31,000-square-foot ballroom, approximately 38,000 square feet of breakout space and approximately 39,000 square feet of pre-function space.