Ryman Hospitality has backed out of a $283 million deal to purchase a mixed-use property that includes the 2,500-seat Austin City Limits Live at the Moody Theater.
On May 22, Ryman Hospitality announced that it had terminated its agreement with Stratus Properties, Inc. to purchase the Block 21 mixed-use development in Austin. “In the current capital markets and economic environment caused by the COVID-19 pandemic, we have determined that it is not in the best interest of our shareholders to
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