SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT PURSUANT TO
SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):
October 7, 2019
DiamondRock Hospitality Company
(Exact name of registrant as specified in charter)
(State or Other Jurisdiction
2 Bethesda Metro Center, Suite 1400
Bethesda, MD 20814
(Address of Principal Executive Offices) (Zip Code)
(Registrant’s telephone number, including area code): (240) 744-1150
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each class
Name of each exchange on which registered
Common Stock, $0.01 par value
New York Stock Exchange
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
☐ Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
This Current Report on Form 8-K (“Current Report”) 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 “believe,” “expect,” “intend,” “project,” “anticipate,” “position,” 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 those risks and uncertainties associated with our business described from time to time in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K filed on February 26, 2019. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that the expectations will be attained or that any deviation will not be material. All information in this Current Report is as of the date of this Current Report, and we undertake no obligation to update any forward-looking statement to conform the statement to actual results or changes in our expectations.
ITEM 7.01. Regulation FD Disclosure
On October 7, 2019, the DiamondRock Hospitality Company (the “Company”) issued a press release to announce the return of Marriott's Frenchman's Reef Beach Resort & Spa in St. Thomas, U.S.V.I. and the debut of Noni Beach Resort St. Thomas, U.S.V.I., an Autograph Collection Hotel. A copy of that press release is furnished as Exhibit 99.1 to this Current Report. The press release has also been posted in the investor relations/presentations section of the Company’s website at www.drhc.com.
The information in this Current Report, including the exhibit attached hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall such information be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act regardless of any general incorporation language in such filing. This Current Report will not be deemed an admission as to the materiality of any information in this Current Report that is required to be disclosed solely by Regulation FD.
ITEM 9.01. Financial Statements and Exhibits.
The following exhibits are included with this report:
Inline XBRL Taxonomy Extension Schema Document
Inline XBRL Taxonomy Extension Calculation Linkbase Document
Inline XBRL Taxonomy Extension Definition Linkbase Document
Inline XBRL Taxonomy Extension Label Linkbase Document
Inline XBRL Taxonomy Extension Presentation Linkbase Document
Cover Page Interactive Data File
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
DIAMONDROCK HOSPITALITY COMPANY
Date: October 7, 2019
/s/ Briony R. Quinn
Briony R. Quinn
Senior Vice President and Treasurer
Announcing the Return of The
Frenchman’s Reef Marriott Resort & Spa in St. Thomas, U.S.V.I.
and the Debut of
Noni Beach Resort, an Autograph Collection Hotel in St. Thomas, U.S.V.I.
Opening in 2020, two distinctive resort experiences in the Virgin Islands
Renderings of Noni Beach Resort Pool | Lighthouse at Marriott Frenchman’s Reef
St. Thomas, U.S. Virgin Islands (October 7, 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. Moreover, we take pride in bringing well over 400 new jobs back to the St. Thomas community,” said Mark Brugger, President & CEO, DiamondRock Hospitality Company.
The resort complex is located on the Caribbean Sea with a cutting edge design by renowned architects Kollin Altomare and designers Whitespace Interiors. The resorts will provide several distinctive dining experiences including new restaurant concepts by critically acclaimed Chef and Global Restaurateur, Richard Sandoval.
The Frenchman’s Reef Marriott Resort & Spa, dramatically situated atop a harborside cliff with panoramic ocean views, will boast 384 guestrooms, including 28 spacious suites, three resort pools including an infinity edge pool with swim-up pool bar, a state-of-the-art luxury wellness spa, and 85,000 square-feet of extraordinary indoor and outdoor event space.
Noni Beach Resort, the first Autograph Collection hotel in the U.S. Virgin Islands, is comprised of series of intimate beach house style villas containing 94 guestrooms, including two honeymoon
suites, all nestled directly on the beach. Noni Beach boasts a private, beachfront infinity-edge pool with swim-up bar, 3,000 square foot beachfront ballroom with memorable views, and multiple dining experiences including the Caribbean-casual Coco’s Beach Club as well as an indulgent restaurant with elevated, 180-degree panorama of the Caribbean Sea.
Rendering of Lobby at Noni Beach Resort
“This signing underscores our commitment to St. Thomas and to bringing back tourism, meetings and events,” said Laurent de Kousemaeker, Chief Development Officer for Marriott International in the Caribbean and Latin America. "We believe that DiamondRock Hospitality has a winning vision for this iconic property - with both the Marriott Hotels brand and the introduction of the Autograph Collection brand."
About DiamondRock Hospitality Company
DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that is an owner of a leading portfolio of geographically diversified hotels concentrated in top gateway markets and destination resort locations. The Company owns 31 premium quality hotels with over 10,000 rooms. The Company has strategically positioned its hotels to be operated both under leading global brand families as well as unique boutique hotels in the lifestyle segment. For further information on the Company and its portfolio, please visit DiamondRock Hospitality Company’s website at www.drhc.com.
About Autograph Collection Hotels
Autograph Collection Hotels advocates for the original, championing the individuality of each of its over 160 independent hotels located in the most desirable destinations across more than 30 countries and territories. Each is a product of passion and a personal realization of its individual founder’s vision, making each hotel singular and special: Exactly Like Nothing Else. Hand-selected for their inherent craft and distinct perspectives on design and hospitality, Autograph Collection hotels offer rich immersive moments that leave a lasting imprint. For more information, please visit www.autographhotels.com, and explore our social media channels on Instagram, Twitter, and Facebook or follow along to be inspired by immersive moments that are #ExactlyLikeNothingElse. Autograph Collection Hotels is proud to participate in Marriott Bonvoy™, the new name of Marriott’s travel program replacing Marriott Rewards®, The Ritz- Carlton Rewards®, and Starwood Preferred Guest® (SPG). The program offers members an extraordinary portfolio of global brands, experiences on Marriott Bonvoy Moments and unparalleled benefits including earning points toward free hotel stays and nights toward Elite status recognition. To enroll for free or for more information about the program, visit MarriottBonvoy.marriott.com.
Madelyn Alster, Account Supervisor
The Brandman Agency
Tel: +1 (212) 683-2442