M&A
confidence high
sentiment neutral
materiality 0.50
DiamondRock acquires Lake Austin Spa Resort for $75.6M in cash
DiamondRock Hospitality Co
- Acquired 40-room Lake Austin Spa Resort in Austin, TX for net purchase price of $75.6M.
- Acquisition funded with corporate cash; closed on November 21, 2022.
- Property is a luxury spa and wellness resort, expanding DiamondRock's portfolio.