Gaylord Entertainment (GET) Confirms Explosion at Opryland; $750K in Damages

June 20, 2012 9:53 AM EDT
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Gaylord Entertainment Co. (NYSE: GET) issued an update on an explosion that occurred at Gaylord Opryland on the evening of June 19th shortly after 8:00 p.m. CDT. Authorities have confirmed that the incident was mechanical in nature. All guests and Gaylord employees were safely evacuated, and there have been no reported injuries. Initial assessments of the damage suggest that the impact will not be material and will have little to no effect on upcoming meetings and events. The hotel and restaurants resumed normal operations this morning at 7:00 a.m. CDT.

The Nashville Fire Department, Nashville Police Department, and structural engineers worked through the night to assess the damages and ensure the integrity of the property before allowing everyone to re-enter shortly after 3:00 a.m. CST today. Initial estimates of the damages are less than $750,000 and repairs are underway.

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