DiamondRock Hospitality Company (NYSE:DRH) Files An 8-K Regulation FD Disclosure

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DiamondRock Hospitality Company (NYSE:DRH) Files An 8-K Regulation FD Disclosure
Item 7.01. Regulation FD Disclosure.

On February 28, 2017, DiamondRock Hospitality Company (the “Company”) issued a press release announcing the acquisition of two hotels located in Sedona, Arizona – L’Auberge de Sedona and Orchards Inn Sedona (the “Resorts”) for a contractual purchase price of $97 million. The Resorts are currently managed by IMH Financial Corporation to a management agreement with an initial term of five years, which is terminable at the Company’s discretion as of December 31, 2017. A copy of that press release is furnished as Exhibit 99.1 to this Current Report. The press release has also been posted in the investor relations/presentations section of the Company’s website at www.drhc.com. A copy of materials about the acquired hotel properties that the Company intends to distribute is furnished as Exhibit 99.2 to this Current Report on Form 8-K.

The information in this Item 7.01 of this Current Report, including Exhibits 99.1 and 99.2 attached hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall such information be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act regardless of any general incorporation language in such filing.

Item 9.01. Financial Statements and Exhibits.

(d)  Exhibits

See Exhibits Index


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 -0.33 at 10.87 with 3,248,321 shares trading hands.