Ryman Hospitality Properties, Inc. announced plans for a $120 million expansion of Gaylord Texan Resort and Convention Center in Grapevine, Texas. The expansion will add 300 guest rooms to the resort's current 1,511 room inventory and will add 86,000 square feet of carpeted meeting space, bringing the total meeting space to approximately 490,000 square feet. The meeting space addition includes a new 30,000-square-foot ballroom, 30,000 square feet of breakout space and approximately 26,000 square feet of carpeted pre-function space.

Construction is expected to begin in the fourth quarter of 2016 and be completed during the second quarter of 2018. The project also includes a $5 million expansion of the property's resort pool complex, which is expected to be complete for the 2016 summer season.