DiamondRock Hospitality Company Announces Pricing of Public Follow-On Offering of 15,500,000 Shares of Common Stock
BETHESDA, Md.,
(Logo: http://www.newscom.com/cgi-bin/prnh/20040708/DCTH028 )
DiamondRock intends to use the net proceeds from the offering for debt repayment and for general corporate purposes.
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: the terms and size of the offering, 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 AP Archive: http://photoarchive.ap.org PRN Photo Desk photodesk@prnewswire.com/ /Web Site: http://www.drhc.com / (DRH) CO:DiamondRock Hospitality Company ST:Maryland IN: RLT FIN LEI TRA SU: OFR PR -- PH98370 -- 217004/14/2009 08:58 EDT http://www.prnewswire.com