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News Breaks | | | | September 14, 2012 | | 08:51 EDT |  | GET, MAR | Gaylord Entertainment to transfer management of some assets to Marriott
Gaylord Entertainment (GET) plans to transfer the management of several of its attractions assets to Marriott International, (MAR). This transaction follows Gaylord’s previous announcement that it is selling the Gaylord Hotels brand and the rights to manage its four Gaylord hotels to Marriott, and to reorganize as a real estate investment trust effective January 1, 2013. The specific terms of the attractions management arrangements will be finalized by October 1, 2012. The General Jackson Showboat, Gaylord Springs Golf Links, and Wildhorse Saloon are scheduled to convert to Marriott’s management effective October 1, 2012. The Radisson Hotel Opryland is scheduled to transition on December 1, 2012 and will be renamed the “Inn at Opryland, a Gaylord Hotel.” Gaylord will continue to own these assets under the terms of the management agreements with Marriott. Gaylord’s proposed transactions with Marriott are subject to Gaylord’s completion of its hotel management transfer, which is subject to certain closing conditions, including the approval by Gaylord’s shareholders of certain proposals that will facilitate becoming a REIT, lender consent to amendments to Gaylord’s credit facility, and other customary conditions and regulatory approvals. | |
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News For GET;MAR From The Last 14 Days Check below for free stories on GET;MAR the last two weeks. |
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| May 16, 2013 | | 14:52 EDT |  | MAR | Marriott management to meet with JPMorgan
 Subscribe for More Information | | | May 7, 2013 | | 07:28 EDT | | MAR | HMG Strategy to host a summit
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