10 Most Undervalued REIT Stocks to Invest In Now

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

Number of Hedge Fund Holders: 25

P/E Ratio as of June 19: 20.88

Ryman Hospitality Properties, Inc. (NYSE:RHP) is one of the most undervalued stocks. On June 10, the company confirmed the completion of its acquisition of the JW Marriott Phoenix Desert Ridge Resort & Spa in Phoenix, Arizona, for nearly $865 million, following its earlier disclosure of the transaction.

Mark Fioravanti, President and Chief Executive Officer of Ryman Hospitality Properties, commented:

“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.”

The JW Marriott Desert Ridge sits on about 402 acres in Arizona’s Sonoran Desert and is one of the largest resorts in the Phoenix/Scottsdale area. It includes 950 guest rooms, with 81 suites, and around 243,000 square feet of space for meetings and events. The resort features a 28,000 square foot spa (REVIVE Spa), seven restaurants and bars, a large water area with slides and a lazy river, and two golf courses designed by Nick Faldo and Arnold Palmer. Recently, the property underwent nearly $100 million in upgrades, including renovated rooms and suites, an improved lobby, better water attractions, and updated dining areas.

Ryman Hospitality Properties, Inc. (NYSE:RHP) is a hospitality-focused REIT specializing in upscale convention center resorts, including five of the seven largest non-gaming convention hotels in the United States.