---
schema_version: "secwatch.filing_event.v1"
accession: "0001298946-23-000072"
form_type: "8-K"
ticker: "DRH"
cik: "0001298946"
company_name: "DiamondRock Hospitality Co"
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T12:03:20.136839+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# DiamondRock acquires Chico Hot Springs Resort in Montana for $33M

## Summary
- Purchase price $33M: $27M for 117-room resort (8.1% cap rate on 2022 NOI) and $6M for adjacent 595-acre ranch.
- Resort near Yellowstone, fee-simple, unencumbered by brand or management agreements.
- Expected stabilized NOI yield of 10.5% on total $33M investment; funded from corporate cash.
- YTD Q2 2023 comparable RevPAR growth at resort was 8.7%.
- Management sees durable cash flow, ROI opportunities, and irreplaceable location.

## SEC filing metadata
- accession: 0001298946-23-000072
- form_type: 8-K
- ticker: DRH
- cik: 0001298946
- company_name: DiamondRock Hospitality Co
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1298946/000129894623000072/0001298946-23-000072-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1298946/000129894623000072/drh-20230801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001298946-23-000072
- JSON: https://secwatch.observer/filing/0001298946-23-000072.json
- Plain text: https://secwatch.observer/filing/0001298946-23-000072.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.