Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
The latest announcement is out from Diamondrock ( (DRH) ).
DiamondRock Hospitality Company has acquired the AC Hotel Minneapolis Downtown for $30 million, marking a strategic addition to its portfolio of 37 hotels. This 245-room property, located in a thriving urban market with significant corporate presence, offers strong cash flow potential with an 8.2% capitalization rate, while aligning with the company’s goals of efficient capital recycling at a discount to replacement cost.
See more data about DRH stock on TipRanks’ Stock Analysis page.
