DIAMONDROCK HOSPITALITY ACQUIRES THE AC HOTEL MINNEAPOLIS DOWNTOWN
Diamondrock Hospitality Company (DRH)
Last diamondrock hospitality company earnings: 2/20 04:05 pm
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Source: PR Newswire
BETHESDA, Md., Nov. 15, 2024 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) today announced it has acquired the fee simple interest in the 245-room AC Hotel Minneapolis Downtown (the "Hotel") for $30 million, or approximately $122,000 per key with cash on hand. The Hotel, constructed in 2016, is located in downtown Minneapolis, which has one of the largest concentrations of Fortune 1000 companies in the world and is also a major hub for biotechnology and medical innovation."The AC Hotel Minneapolis Downtown represents an opportunity to acquire a recently constructed urban hotel with good in-place cash flow in a rapidly recovering hotel market with a strong roster of companies increasing their return to the office," said Jeffrey Donnelly, Chief Executive Officer of DiamondRock Hospitality Company. "The acquisition is aligned with our strategic objectives as we evaluate our portfolio and look to recycle capital efficiently into hotels at a significant discou
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News
- DIAMONDROCK HOSPITALITY DECLARES FOURTH QUARTER DIVIDENDS [Yahoo! Finance]Yahoo! Finance
- DIAMONDROCK HOSPITALITY DECLARES FOURTH QUARTER DIVIDENDSPR Newswire
- DiamondRock Hospitality (NYSE: DRH) had its price target raised by analysts at Wells Fargo & Company from $10.00 to $10.50. They now have an "equal weight" rating on the stock.MarketBeat
- DIAMONDROCK HOSPITALITY RECEIVES NAREIT'S 2024 LEADER IN THE LIGHT AWARD AND IS RECOGNIZED AS A SECTOR LEADER BY GRESB FOR THE FIFTH CONSECUTIVE YEAR [Yahoo! Finance]Yahoo! Finance
- DIAMONDROCK HOSPITALITY RECEIVES NAREIT'S 2024 LEADER IN THE LIGHT AWARD AND IS RECOGNIZED AS A SECTOR LEADER BY GRESB FOR THE FIFTH CONSECUTIVE YEARPR Newswire
DRH
Earnings
- 11/7/24 - In-Line
DRH
Sec Filings
- 11/15/24 - Form 8-K
- 11/8/24 - Form 10-Q
- 11/7/24 - Form 8-K
- DRH's page on the SEC website