secwatch.observer — SEC 8-K summary
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Issuer:     DiamondRock Hospitality Co (DRH)
CIK:        0001298946
Form:       8-K
Filed at:   2025-02-19T23:59:59+00:00
Accession:  0001298946-25-000010
Event type: m_and_a
Sentiment:  positive
Materiality: 0.65
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DiamondRock sells Westin Washington D.C. City Center for $92M; 11.2x EBITDA multiple
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- Sold 410-room Westin Washington D.C. City Center for $92.0M on Feb 19, 2025.
- Price reflects 11.2x multiple on 2024 Hotel EBITDA and 7.5% cap rate on 2024 NOI.
- Excluding one-time credits, adjusted multiples are 11.9x EBITDA and 7.0% cap rate.
- CEO Jeffrey Donnelly says sale advances strategy to drive per-share earnings growth.
- Proceeds to be redeployed to create shareholder value; company owns 36 hotels post-sale.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1298946/000129894625000010/0001298946-25-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1298946/000129894625000010/drh-20250219.htm
  HTML page:      https://secwatch.observer/filing/0001298946-25-000010

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer