Aimbridge Hospitality | January 14, 2020
Aimbridge Hospitality, the world’s leading third-party hotel management company, announces it has been selected to manage the Westin Boston Waterfront, a 793-room contemporary hotel connected to the Boston Convention & Exhibition Center. Westin Boston Waterfront is owned by DiamondRock Hospitality Company (NYSE: DRH) a self-advised real estate investment trust with 31 premium hotels and resorts throughout United States. The Hotel is operated under a franchise agreement with Westin Hotels (a subsidiary of Marriott International) which expires in 2026. “Aimbridge has the specialized expertise to drive results at Boston’s leadi...
DiamondRock Hospitality Announces Return of The Frenchman’s Reef Marriott Resort & Spa and the Debut of Noni Beach Resort in St. Thomas
DiamondRock Hospitality Company | October 8, 2019
ST. THOMAS, U.S. Virgin Islands, Oct. 8, 2019 -- DiamondRock Hospitality is pleased to announce the highly anticipated return of the Frenchman's Reef Marriott Resort & Spa and a new, adjacent resort under Marriott's Autograph Collection, Noni Beach, a St. Thomas Resort. The $200+ million project is well underway and the re-envisioned resorts are expected to open in 2020. "DiamondRock is creating two truly unique resorts in the Virgin Islands. The irreplaceable location and superlative quality of DiamondRock's resort property in concert with Marriott's world-class brands will create an unparalleled and authentic island guest experience...
DiamondRock Hospitality Company Appoints Jeffrey J. Donnelly as Executive Vice President & Chief Financial Officer
DiamondRock Hospitality Company | August 9, 2019
BETHESDA, Md., Aug. 9, 2019 -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) a lodging-focused real estate investment trust that owns a portfolio of 31 premium hotels in the United States, today announced the appointment of Jeffrey J. Donnelly as Executive Vice President & Chief Financial Officer effective August 19, 2019. Mark W. Brugger, President and Chief Executive Officer of the Company stated, "With 25 years of institutional real estate experience, Jeff brings a depth of market knowledge and strategic understanding that will allow him to make an immediate impact. I look forward to working closely with Jeff on capita...
DiamondRock Hospitality Completes Phase One of a Multi-Million Renovation at the Westin Fort Lauderdale Beach Resort
the Westin Fort Lauderdale Beach Resort | October 3, 2018
FORT LAUDERDALE – October 3, 2018 – As Fort Lauderdale Beach emerges as a premier destination for business and leisure travel, one of the market's largest resorts is completing a top-to-bottom renovation. DiamondRock Hospitality Company has completed the first phase of the multi-million-dollar project at the Westin Fort Lauderdale Beach Resort, which included transforming the property's 432 guest rooms and suites, updating common areas, and adding an award-winning restaurant: Lona Cocina Tequileria. DiamondRock's investment in the Westin Fort Lauderdale Beach Resort coincides with the region's growth as a global tourism hub....
Viceroy Hotel Group | September 19, 2018
SAN FRANCISCO (September 19, 2018) – Viceroy Hotel Group is enticing travelers to leave the status quo with the announcement of its new San Francisco boutique hotel, Hotel Emblem. The 96-room property, formerly Hotel Rex, will re-open in early 2019 after an extensive renovation and rebrand inspired by the Beat Generation. Every corner of Hotel Emblem is being reimagined to spark conversation and empower guests to think and act boldly. Hotel Emblem is ideally located in the heart of the city, at the confluence of two storied neighborhoods, Union Square and Nob Hill. The hotel is owned by DiamondRock Hospitality Company and is newly...
DiamondRock Acquires The Landing Resort & Spa in Lake Tahoe, California for $42 Million, or $545,000 Per Key
DiamondRock Hospitality | March 2, 2018
BETHESDA, Md., March 1, 2018 -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) today announced that it has acquired The Landing Resort & Spa ("The Landing" or "Resort"), a luxury resort in Lake Tahoe, California, for $42 million, or $545,000 per key. The acquisition represents a 7% yield on 2017 Hotel Adjusted EBITDA. The Landing Resort & Spa is a premier luxury resort with one of the best locations in Lake Tahoe. The Landing was ranked as a TripAdvisor Traveler's Choice Award Top 20 Hotel in the US and Condé Nast Readers' Choice Award #1 resort in Northern California in ...
DiamondRock Hospitality | March 2, 2018
BETHESDA, Md., March 1, 2018 -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) today announced that it has acquired the Kimpton Hotel Palomar ("Hotel Palomar" or the "Hotel"), a lifestyle boutique hotel in the heart of downtown Phoenix, Arizona. The purchase price is $80 million, or $331,000 per key, which represents a 12.6x multiple of the forward 12 months of hotel EBITDA. The Hotel Palomar is ranked #2 of 174 Phoenix hotels on TripAdvisor. Opened in 2012, the Hotel Palomar is situated in the heart of the CityScape mixed-use project, a 1.2 million square foot urban development that is capital...
DiamondRock Hospitality Reports Q1 2017 Net Income of $8.9 Million, Comparable RevPAR was $161.89, a 1.9% Increase
DiamondRock Hospitality Company | May 5, 2017
BETHESDA, Md., May 5, 2017-- DiamondRock Hospitality Company (the "Company") (NYSE: DRH), a lodging-focused real estate investment trust that owns a portfolio of 28 premium hotels in the United States, today announced results of operations for the quarter ended March 31, 2017. First Quarter 2017 Highlights Net Income: Net income was $8.9 million and earnings per diluted share was $0.04. Comparable RevPAR: RevPAR was $161.89, a 1.9% increase from the comparable period of 2016. Renovation disruption negatively impacted the Company's RevPAR growth by approximately 210 basis points. Comparable Hotel Adjusted EBITDA Margin:...
Nobody Asked Me, But… No. 260: Hotel History: Terminal City, The Roosevelt Hotel and The Postum Building, New York
KSL Capital Partners Chairman Michael Shannon Awarded ALIS Lifetime Achievement Award
ADA Defense Lawyer: A Victory Against Serial Plaintiff: The “Reservation Rule” Lawsuit Against California Hotel Dismissed
Four Seasons Resort Dubai at Jumeirah Beach Appoints Pedro Samper as Executive Chef
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