---
schema_version: "secwatch.filing_event.v1"
accession: "0001298946-24-000110"
form_type: "8-K"
ticker: "DRH"
cik: "0001298946"
company_name: "DiamondRock Hospitality Co"
filed_at: "2024-11-15T23:59:59+00:00"
generated_at: "2026-05-29T23:39:07.928512+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# DiamondRock acquires AC Hotel Minneapolis Downtown for $30M; 8.2% cap rate on 2024 NOI

## Summary
- Purchase price $30M (~$122k/key) for 245-room fee simple hotel, paid with cash on hand.
- 8.2% capitalization rate on forecasted 2024 net operating income; hotel constructed in 2016.
- Portfolio grows to 37 hotels; acquisition not in Nov 7 2024 guidance; adds ~20 bps to comparable RevPAR growth and ~10 bps to Total RevPAR.
- CEO cites opportunity at significant discount to replacement cost with immediate yield.

## SEC filing metadata
- accession: 0001298946-24-000110
- form_type: 8-K
- ticker: DRH
- cik: 0001298946
- company_name: DiamondRock Hospitality Co
- filed_at: 2024-11-15T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1298946/000129894624000110/0001298946-24-000110-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1298946/000129894624000110/drh-20241112.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001298946-24-000110
- JSON: https://secwatch.observer/filing/0001298946-24-000110.json
- Plain text: https://secwatch.observer/filing/0001298946-24-000110.txt

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