DiamondRock Hospitality Company Announces Public Offering of Common Stock
BETHESDA, Md., March 8, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- DiamondRock Hospitality Company (NYSE: DRH) today announced that it has filed a registration statement to sell 14.0 million shares of its common stock in a public offering on a firm commitment basis through a syndicate of underwriters, led by Merrill Lynch & Co., Friedman, Billings, Ramsey & Co., Inc. and Wachovia Capital Markets, LLC.
A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor offers to buy accepted prior to the time the registration statement becomes effective. Written prospectuses, when available, may be obtained from Investor Relations, DiamondRock Hospitality Company, 6903 Rockledge Drive, Suite 800, Bethesda, Maryland 20817.
This press release contains "forward-looking statements" within the meaning of federal securities law, including the statement concerning the anticipated completion date of the offering. The forward-looking statement in this press release is subject to numerous risks and uncertainties, including the risk the offering may not be completed as described herein, or at all.
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 in North America and operated under nationally recognized brand names. To a lesser extent, it acquires premium limited-service and extended-stay hotel properties in urban locations. DiamondRock has a strategic acquisition sourcing relationship with Marriott International. DiamondRock owns 15 hotels with 6,119 rooms in 10 States and one U.S. territory. For more information about DiamondRock or to receive future press releases, please see the Company's website at http://www.drhc.com.
SOURCE DiamondRock Hospitality Company
Mark W. Brugger of DiamondRock Hospitality Company, 1-240-744-1150
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