Delaware | 1-13079 | 73-0664379 | ||
(State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
||
One Gaylord Drive Nashville, Tennessee |
37214 | |||
(Address of principal executive offices) | (Zip Code) |
o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
ITEM 2.02. | RESULTS OF OPERATIONS AND FINANCIAL CONDITION. |
ITEM 9.01. | FINANCIAL STATEMENTS AND EXHIBITS. |
99.1 | Press Release of Gaylord Entertainment Company dated July 12, 2010 |
GAYLORD ENTERTAINMENT COMPANY |
||||
Date: July 14, 2010 | By: | /s/ Carter R. Todd | ||
Name: | Carter R. Todd | |||
Title: | Executive Vice President, General Counsel and Secretary |
| Gaylord Hotels (including Gaylord Opryland) gross advance group bookings for the month of June 2010 for all future years was 280,488 room nights, an increase of 28.6 percent when compared to June 2009. Gross advance group bookings for the month of June 2010 included 7,699 flood impacted room nights that were transferred from Gaylord Opryland to other Gaylord properties. Net of attrition and cancellations, Gaylord Hotels (including Gaylord Opryland) advance group bookings for the month of June 2010 for all future periods were 203,160 room nights, an increase of 114.4 percent when compared to June 2009. | ||
| Gaylord Opryland gross advance group bookings for the month of June 2010 for all future years were 78,644 room nights, an increase of 8.8 percent over June 2009. Net of attrition and cancellations, Gaylord Opryland advance group bookings sold during the month of June 2010 for all future periods were 60,642 room nights, a 30.9 percent increase over the prior year period. | ||
| For the six months ending June 30, 2010, Gaylord Hotels (including Gaylord Opryland) gross advance group bookings for all future periods were 1,060,288 room nights, an increase of 25.5 percent when compared to the same period in 2009. Net of attrition and cancellations, Gaylord Hotels (including Gaylord Opryland) advance group bookings for the six month period ending June 30, 2010 for all future periods were 451,699, an increase of 66.0 percent when compared to the same period in 2009. This includes 273,151 room night cancellations for Gaylord Opryland, incurred as a result of the May 2010 flood and not transferred to another Gaylord property. | ||
| The Gaylord Opryland has been closed since the first week of May 2010, when historic flooding left catastrophic damage throughout much of the Nashville area. Since that time, the Company has worked diligently to find alternative meeting solutions for displaced groups. Whenever possible, conventions have been relocated to other hotels within the Gaylord family, such as the Gaylord Palms, Gaylord National, Gaylord Texan and Radisson Hotel Opryland. Gaylord Hotels gross advance group bookings for the six months ending June 30, 2010 included 43,645 flood-impacted room nights that were transferred from Gaylord Opryland to other Gaylord properties. | ||
| For Gaylord assets located outside of Nashville, Tennessee the Gaylord Palms, the Gaylord Texan and the Gaylord National, revenue per available room1 (RevPAR) increased approximately 5.7 percent and total revenue per available room2 (Total RevPAR) increased approximately 4.7 percent in the second quarter of 2010 compared to the second quarter of 2009. |
Investor Relations Contacts: | Media Contacts: | |
Mark Fioravanti, Senior Vice President
and Chief Financial Officer
|
Brian Abrahamson, Vice President of Corporate Communications | |
Gaylord Entertainment
|
Gaylord Entertainment | |
615-316-6588
|
(615) 316-6302 | |
mfioravanti@gaylordentertainment.com
|
babrahamson@gaylordentertainment.com | |
~or~
|
~or~ | |
Patrick Chaffin, Vice President of
Strategic Planning and Investor
Relations
|
Josh Hochberg or Dan Zacchei | |
Gaylord Entertainment
|
Sloane & Company | |
615-316-6282
|
(212) 486-9500 | |
pchaffin@gaylordentertainment.com
|
jhochberg@sloanepr.com/
dzacchei@sloanepr.com |
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