Gaylord Entertainment ( GET) is having a stellar year in 2012. Shares of the mega-hotel operator have rallied more than 54% so far on the year, buoyed by increased spending in the travel industry that pushed sales above their pre-recession highs. While this small-cap stock has historically ebbed and flowed along with the rest of the hotel business (albeit with a higher beta), it's certainly been flowing since the start of this year. Gaylord owns the storied Grand Ole Opry, as well as massive hotel properties in cities like Washington D.C., Dallas and Orlando. These properties cater primarily to large groups, who use Gaylord's mammoth venues for conventions, trade shows, and expos. But with big competition in that space, Gaylord will need to stand out in order to stand up come earnings time. Paulson & Co. bought 1.36 million shares of Gaylord Entertainment last quarter, building a $42 million position in the firm. That's more than 2.8% of Gaylord's total market capitalization. To see the rest of John Paulson's plays - including a complete list of which stocks he added or sold off, check out the Paulson & Co. Portfolio on Stockpickr. -- Written by Jonas Elmerraji in Baltimore.