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Atlanta & Southeast  + Southeast  + Hospitality  |  June 3, 2022
Ryman Hospitality Properties, Inc., has purchased Block 21 hospitality and entertainment venue in Austin, TX for $260 million.
Lisa McDuffie
By: Lisa McDuffie

Ryman Spends $260M to Acquire Block 21 Hospitality, Entertainment Venue

Nashville, TN-based Ryman Hospitality Properties, Inc., and its affiliates have completed the $260-million purchase of Block 21 in Austin, TX. Ryman is assuming approximately $136 million of existing mortgage debt, with the remainder paid in cash.

Ryman owns a nationwide portfolio of hospitality and entertainment venues such as the Gaylord Opryland Resort & Convention Center, the Grand Ole Opry, and the Wildhorse Saloon in Nashville.

Block 21 contains the 251-room W Austin Hotel and is home to Austin City Limits Live at the Moody Theater, a 2,750-seat entertainment venue that serves as the location for the filming of Austin City Limits, the longest running music series in American television history. Block 21 also includes Class A office space, retail space and the 3TEN ACL Live entertainment venue and business, which has a capacity of approximately 350 people.

Seller Strauss Properties, Inc., completed the development of Block 21 in 2010.

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Strauss Properties, Inc.

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.
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