News for the Hospitality Executive
|BETHESDA, Md., Feb. 6, 2013 --
Hospitality Company (the "Company") (NYSE: DRH) today announced that John L.
be retiring from his position as President and Chief Operating Officer
Company effective May 1, 2013. The Company has engaged Ferguson
conduct a nationwide search for a successor to Mr. Williams.
"John has had a remarkable career with over 30 years of dedicated service in the lodging industry. The Board and I want to thank John for his many contributions to the Company, which he helped found in 2004. He has been instrumental in building DiamondRock into one of the leading public lodging real estate companies," said Mark W. Brugger , the Chief Executive Officer of DiamondRock Hospitality Company. "With his strong real estate skills and extensive lodging experience, John helped assemble our current world class hotel portfolio, concentrated in many of the most desirable markets in the United States. Moreover, he has helped mentor and develop talented asset managers and investment specialists to position the Company for future growth. We expect to execute a smooth transition and are confident in the plans we have in place to drive shareholder value."
About the Company
DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that is an owner of premium hotel properties. The Company owns 27 premium hotels with approximately 11,500 rooms and holds one senior mortgage loan. The Company's hotels are generally operated under globally recognized brands such as Hilton, Marriott, and Westin. For further information, please visit DiamondRock Hospitality Company's website at www.drhc.com.
DiamondRock Hospitality Company
Web Site: http://www.drhc.com
Hospitality Acquires the 94-room Hotel Rex in San Francisco, California
for $29.5 Million; The Hotel is Managed by Joie de Vivre Hospitality
/ November 2012
Hospitality Reaches Settlement on the Bankruptcy and Litigation
Surrounding the Allerton Hotel in Chicago / October 2012
Hospitality Enters Agreement to Acquire a $495 Million Hotel Portfolio
From Blackstone, Blackstone in Turn Will Take a $75 million Ownership
Stake in DiamondRock / July 2012
Hospitality Acquires the JW Marriott Denver for $72.6 Million; Sage
Hospitality Retains Management Contract / May 2011
Enters Purchase Agreement to Acquire 712-Room Hotel Lexington in
Midtown New York for $335 million / May 2011
Secures $100 million Through Secured Financing on the Hilton
Minneapolis; Funds to be Used for Future Hotel Acquisitions / April
Rock Enters Agreement to Acquire New Hotel in Times Square, New York
City; Highgate Hotels Expected to Operate Property / January 2011
|DiamondRock Hospitality Company Acquires the 169-room
Hilton Garden Inn / September 2010
|DiamondRock Signs Agreement to Purchase the 821-room Hilton Minneapolis for $155.5 Million / May 2010|
|DiamondRock Acquires the 166-room Renaissance Charleston Historic District Hotel for $39 million; Completes $200 Million Unsecured Credit Facility / August 2010|