diamondrock
Banyan Investment Group Completes Sale of 96-Room Kimpton Goodland Hotel Ft. Lauderdale Beach
Kimpton Goodland Hotel | May 10, 2022
FT. LAUDERDALE, Fla., May 10, 2022—Banyan Investment Group (BIG), an Inc. 5000-recognized, hotel investment company that acquires hotels in the United States, today announced the sale of the 96-room Kimpton Goodland Hotel Fort Lauderdale Beach in Fla., to DiamondRock Hospitality Company for $35.3 million. “Following an extensive market study that led us to believe South Florida travel would rebound quickly, we took a calculated risk and purchased this property in Q420, prior to vaccines being released when travel volumes remained low,” said Andy Chopra, managing partner, Banyan Investment Group. “Our research proved prescient,...
EOS Hospitality Selected to Manage Havana Cabana Key West and Tranquility Bay Beachfront Hotel and Resort
EOS Hospitality | May 9, 2022
New York, NY (May 9, 2022) – EOS Hospitality, a full-service hotel management company that boasts a diverse portfolio of hotels and resorts ranging from budget-friendly to first-class luxury properties, announces it has been selected to manage Havana Cabana at Key West and Tranquility Bay Beachfront Hotel and Resort, in the Florida Keys. Both properties are owned by DiamondRock Hospitality Company, a real estate investment trust with 33 premium hotels and resorts containing over 9,400 rooms concentrated in key gateway cities and destination resorts throughout the United States. “It is a privilege to partner with DiamondRock a...
DiamondRock Hospitality Company Completes Disposition of 725-Room Lexington Hotel in New York City
DiamondRock Hospitality Company | July 6, 2021
BETHESDA, Md., July 6, 2021 -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) announced today that it completed the disposition of the 725-room Lexington Hotel in New York City on June 30, 2021 for $185.3 million. Including the Company's projected capital expenditures, the sale price represents a 14.2x multiple on 2019 Hotel EBITDA and a 5.4% capitalization rate on 2019 Hotel net operating income. The Company intends to redeploy the net proceeds from the sale to acquire high-growth experiential resort and urban lifestyle hotels aligned with its investment strategy. "We are pleased to announce the closing of this trans...
Aimbridge Hospitality Selected to Manage Westin Boston Waterfront
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....
Briony Quinn Promoted to Senior Vice President & Treasurer at DiamondRock Hospitality Company
DiamondRock Hospitality Company | March 12, 2018
BETHESDA, Md., March 12, 2018 -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) today announced that Briony Quinn has been promoted to Senior Vice President & Treasurer. "We are pleased to announce that Briony Quinn has been promoted to Senior Vice President and Treasurer," stated Mark W. Brugger, President and Chief Executive Officer of DiamondRock Hospitality. "I am confident that she will excel in her new role. Briony has been an integral part of the growth of DiamondRock for over a decade and brings a wealth of knowledge about the Company and the portfolio to her new role. Over the past few ...
