On Monday, June 5, Ryman Hospitality Properties, Inc. and Blackstone Real Estate Income Trust, Inc. announced Ryman's purchase of the JW Marriott San Antonio Hill Country Resort & Spa, according to a Blackstone news release.

The $800 million deal to acquire the hotel and resort, located in the seventh most populous city in the U.S., from Blackstone will expand the company's growing list of hotels.

“We identified the JW Marriott Hill Country as an ideal acquisition target quite some time ago. Located in an attractive and growing market with no emerging competitive supply, this beautiful resort is a natural complement to our existing Gaylord Hotels portfolio," said Mark Fioravanti, President and Chief Executive Officer of Ryman Hospitality Properties.

The hotel, located in Far Northwest San Antonio, houses just over 1,000 rooms with 268,000 square-feet of indoor and outdoor meeting and event spaces. The resort is equipped with a 26,000-square-foot spa, eight food and beverage outlets, water park, and an 18-hole golf course, according to the release.

While hotel operation will reside in the hands of Ryman, the hotel will still be run as JW Marriott. Ryman and Blackstone anticipate the acquisition to be completed by the second or third quarter of 2023, and is dependent upon closing conditions.