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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.
