DiamondRock Hospitality Company (NYSE:DRH) Files An 8-K Other Events
Item 8.01. Other Events.
On January6, 2017, DiamondRock Hospitality Company (the Company)
entered into a Renewal and Amendment No.2 to Distribution
Agreement (the Amendments) with each of Deutsche Bank Securities
Inc., Merrill Lynch, Pierce, Fenner Smith Incorporated, Robert W.
Baird Co. Incorporated and Wells Fargo Securities, LLC, as sales
agents (the Agents) with respect to the Companys at-the-market
equity offering program. The Amendments provide, among other
things, that the Distribution Agreements, dated as of November24,
2014 and amended on August7, 2015 (the Distribution Agreements),
be renewed retroactive to November24, 2016 and that the term of
the Distribution Agreements be extended to August 1, 2018. The
Company has not made any sales under its at-the-market equity
offering program since the Distribution Agreements were last
amended on August 7, 2015.
The form of the Amendments is filed as Exhibit1.1 to this Current
Report on Form8-K. The description of the Amendments does not
purport to be complete and is qualified in its entirety by
reference to the form of the Amendments filed herewith as an
exhibit to this Current Report on Form8-K.
This Current Report on Form8-K shall not constitute an offer to
sell or a solicitation of an offer to buy any securities, nor
shall there been any sale of securities in any state or
jurisdiction in which such an offer, solicitation or sale would
be unlawful prior to registration or qualification under the
securities laws of any such state or other jurisdiction.
Item 9.01. Financial Statements and
Exhibits.
(d) Exhibits
|
Exhibit No. |
|
Description |
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1.1 |
Formof Renewal and Amendment No.2 to Distribution |
About DiamondRock Hospitality Company (NYSE:DRH)
DiamondRock Hospitality Company is a lodging-focused Maryland corporation operating as a real estate investment trust (REIT). The Company owns a portfolio of approximately 30 hotels and resorts throughout North America and the United States Virgin Islands that consists of over 10,925 guest rooms. Its primary business is to acquire, own, asset manage and renovate full-service hotel properties in the United States. Its portfolio is concentrated in gateway cities and destination resort locations. The Company conducts its business through an umbrella partnership REIT (UPREIT) in which the Company’s hotels are owned by subsidiaries of its operating partnership, DiamondRock Hospitality Limited Partnership. The Company is the sole general partner of its operating partnership and owns either directly or indirectly, all of the limited partnership units of its operating partnership. DiamondRock Hospitality Company (NYSE:DRH) Recent Trading Information
DiamondRock Hospitality Company (NYSE:DRH) closed its last trading session down -0.26 at 11.28 with 5,064,212 shares trading hands.
