Bethesda's DiamondRock To Pay $495M For Hotels

Posted: 07-10-2012 05:44 am

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Bethesda-based DiamondRock Hospitality Co. has agreed to buy for hotels from Blackstone Real Estate Partners for $495 million, and Blackstone will take a stake in DiamondRock as part of the deal. DiamondRock also plans a secondary stock offering to fund the acquisitions.

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