Fallout from the sale of Gaylord Entertainment to Marriott International continues. Shareholders approved the $210 million dollar deal on Tuesday (9-25-2012) despite one of the leading investors in the company wanting Gaylord to spin off its Grand Ole Opry assets. Now the deal has ruffled the feathers of a country music heavyweight: Dolly Parton.
Tuesday morning (9-25-12), Gaylord Entertainment shareholders approved a $210 million dollar deal to have Marriott International buy the company and take over management of certain Gaylord assets. As part of the SEC filing, Gaylord also revealed they plan to change the name of the company to Ryman Hospitality Properties, the “Ryman” being from The Ryman Auditorium.
Tuesday will be the first time since 1982 that The Opry will have an opportunity to be free of a larger company’s control, a company that must meet shareholder’s demands, and figure out how to fit an old, historic institution into a modern-day corporate management structure. But where is this opposition in the argument for the Opry’s fate that could very well be decided tomorrow? They seem curiously absent.