Billionaire Mario Gabelli’s 10 Small-Cap Stock Picks with Huge Upside Potential

Page 2 of 10

9. Ryman Hospitality Properties Inc. (NYSE:RHP)

GAMCO Investors’ Stake: $100.85 million

Number of Hedge Fund Holders: 35

Market Capitalization as of May 8: $5.81 billion

Average Upside Potential as of May 8: 18.69%

Ryman Hospitality Properties Inc. (NYSE:RHP) is a leading lodging and hospitality real estate investment trust. It specializes in upscale convention center resorts and entertainment experiences. The company’s holdings include 5 of the top 7 largest non-gaming convention center hotels in the US based on total indoor meeting space.

In Q1 2025, the company’s Hospitality segment achieved record results, with revenue increasing by 11% year-over-year. This was fueled by a 10% increase in RevPAR (Revenue Per Available Room) and a 9% increase in total RevPAR. The average daily rate (ADR) also reached a first-quarter record of $264, which was up ~6% and showed strength in both group and transient customer segments.

Notably, group room nights booked for all future years increased by 10% year-over-year, with particularly strong bookings for 2026 and 2027. These are up 13% and 35% respectively. Ryman Hospitality Properties Inc. (NYSE:RHP) is managing the Hospitality segment by operating model efficiencies in partnership with its operator, Marriott. It’s also communicating with meeting planners to navigate near-term uncertainties.

Page 2 of 10