DiamondRock Hospitality Company Announces the Exercise of the Underwriters' Overallotment Option
BETHESDA, Md.,
(Logo: http://www.newscom.com/cgi-bin/prnh/20040708/DCTH028 )
After deducting the underwriting discount and offering expenses,
DiamondRock expects to receive total net proceeds from the sale of its shares
of common stock of
A copy of the prospectus supplement and prospectus relating to these
securities may be obtained, when available, by contacting
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Any offer or sale will be made only by means of the written prospectus forming part of the effective registration statement.
About the Company
This press release contains forward-looking statements within the meaning
of federal securities laws and regulations. These forward-looking statements
are identified by their use of terms and phrases such as "anticipate,"
"believe," "could," "estimate," "expect," "intend," "may," "plan," "predict,"
"project," "should," "will," "continue" and other similar terms and phrases,
including references to assumptions and forecasts of future results.
Forward-looking statements are not guarantees of future performance and
involve known and unknown risks, uncertainties and other factors which may
cause the actual results to differ materially from those anticipated at the
time the forward-looking statements are made. These risks include, but are not
limited to: national and local economic and business conditions that will
affect occupancy rates at our hotels and the demand for hotel products and
services; operating risks associated with the hotel business; risks associated
with the level of our indebtedness and our ability to meet covenants in our
debt agreements; relationships with property managers; our ability to maintain
our properties in a first-class manner, including meeting capital expenditure
requirements; our ability to complete planned renovation on budget; our
ability to compete effectively in areas such as access, location, quality of
accommodations and room rate structures; changes in travel patterns, taxes and
government regulations which influence or determine wages, prices,
construction procedures and costs; our ability to complete acquisitions; our
ability to raise equity capital; the performance of acquired properties after
they are acquired; necessary capital expenditures on the acquired properties;
and our ability to continue to satisfy complex rules in order for us to
qualify as a REIT for federal income tax purposes; and other risks and
uncertainties associated with our business described from time to time in our
filings with the
SOURCEDiamondRock Hospitality Company -0-04/14/2009 /CONTACT:Christopher King ofDiamondRock Hospitality Company , +1-240-744-1150, info@drhc.com/ /Photo: http://www.newscom.com/cgi-bin/prnh/20040708/DCTH028 http://photoarchive.ap.org PRN Photo Desk photodesk@prnewswire.com/ (DRH) CO:DiamondRock Hospitality Company ST:Maryland IN: RLT HRT FIN SU: PR -- PH99023 -- 282304/14/2009 18:14 EDT http://www.prnewswire.com