DiamondRock Announces Third Quarter Dividend of $0.18 Per Share

BETHESDA, Md., Aug. 23 /PRNewswire-FirstCall/ -- DiamondRock Hospitality Company ("DiamondRock") (NYSE: DRH) today announced that it will pay a dividend of $0.18 per share to its common shareholders of record as of September 8, 2006. This dividend will be paid on September 19, 2006.

About DiamondRock Hospitality Company

DiamondRock Hospitality Company is a self-advised real estate company that owns and acquires upper upscale and upscale hotel properties located primarily in North America. To a lesser extent, it may invest, on a selective basis, in premium limited-service and extended-stay hotel properties in urban locations. After the acquisition of the Conrad Chicago, DiamondRock will own 18 hotels with 7,994 rooms. Moreover, the Company has a strategic acquisition sourcing relationship with Marriott International. For more information about DiamondRock, please visit our website at http://www.drhc.com.

SOURCE DiamondRock Hospitality Company

CONTACT: Mark Brugger of DiamondRock Hospitality Company, +1-240-744-1150, info@drhc.com