Stratus properties inc. announces agreement to sell block 21 for $260 million to ryman hospitality properties, inc.

Austin, texas--(business wire)--stratus properties inc. (nasdaq: strs) (“stratus” or the “company”) announced today that it has agreed to sell block 21, a mixed-use entertainment, lodging, office and retail complex located in downtown austin, texas, to ryman hospitality properties, inc. (“ryman”) for $260 million. stratus previously announced an agreement to sell block 21 to ryman for $275 million in december 2019, which was terminated in may 2020 by ryman due to the intervening covid-19 pandem
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