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Subsequent Events
3 Months Ended
Mar. 31, 2021
Subsequent Events  
Subsequent Events

17. SUBSEQUENT EVENTS:

In April 2021, the Company entered into an agreement with RIDA to acquire the remaining 35% ownership interest in the Gaylord Rockies joint venture not owned by the Company for approximately $188.0 million and approximately 130 acres of undeveloped, adjacent land for $22.0 million in cash, subject to customary closing conditions. The Company expects the transaction to close in May 2021 and will fund the transaction through cash on hand and borrowings under its $700 million revolving credit facility. As discussed in Note 1, “Basis of Presentation,” because the Company consolidates the Gaylord Rockies joint venture in the accompanying condensed consolidated financial statements, the Company anticipates no impact to its condensed consolidated statement of operations and comprehensive loss as a result of this transaction.