DiamondRock Announces It Has Acquired 100,000 Square Feet of Retail Space Attached to the Westin Boston Waterfront Hotel
BETHESDA, Md., Feb. 9 /PRNewswire-FirstCall/ -- DiamondRock Hospitality Company ("DiamondRock") (NYSE: DRH) today announced that it has completed the acquisition of the leasehold interest in 100,000 square feet of retail space in a building attached to the Westin Boston Waterfront Hotel. DiamondRock intends to convert a portion of the building into prime meeting and exhibit space and lease the remainder to prime upscale restaurants. The retail space is not expected to begin generating cash flow until 2008.
DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that is an owner and acquirer of premium hotel properties. DiamondRock owns 21 hotels with almost 10,000 rooms. For further information, please visit DiamondRock's website at www.drhc.com.
SOURCE DiamondRock Hospitality Company
CONTACT: Mark W. Brugger, +1-240-744-1150 for DiamondRock Hospitality
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