|
|
|
189-room Hotel 5A in Midtown Manhattan for approximately $34.4 million |
John Williams, president of DiamondRock, added: "DiamondRock will invest $4 million to completely renovate the property and convert it into a Courtyard. Marriott's reservation system generates high rated, unaccomodated reservations in Manhattan that will directly benefit this asset." DiamondRock was formed in July 2004 and will elect to be a lodging real estate investment trust upon filing its first corporate tax return. More information about DiamondRock is available on its website: http://www.diamondrockhospitality.com. This press release contains "forward-looking statements" within the
meaning of federal securities law, including statements concerning business
strategies and their intended results and similar statements concerning
anticipated future events and expectations that are not historical facts.
|
###
Contact:
DiamondRock Hospitality 10400 Fernwood Road, Suite 300 Bethesda, Maryland 20817 Tel: (301) 380-7100 http://www.diamondrockhospitality.com |
Also See: | DiamondRock Hospitality Company Acquires the 276 suite Bethesda Suites Marriott Hotel in Bethesda, Maryland for Approximately $41.6 million / November 2004 |