DiamondRock Hospitality Company
DiamondRock Hospitality Company (DiamondRock) is a real estate company which is engaged in owning, acquiring and investing in hotel properties principally in North America. The company owns and manages high quality Luxury Hotels, Business Hotels, Resorts and Selected Urban Hotels. Currently, it holds around 20 premium hotels and resorts featuring 9,600 rooms. The hotels of the company are strategically concentrated in five gateway cities, including New York City, Los Angeles, Chicago, Boston, and Atlanta in United States. The company is headquartered in Maryland, United States and employs 18 people.
On January 10, 2007, the company signed a definitive agreement to acquire the leasehold interest in Westin Boston Waterfront Hotel based in Boston, Massachusetts.
The company recorded revenues of $710.9 million during the fiscal year ended December 2007, an increase of 46.6% over 2006. The operating profit of the company was $116.8 million during the fiscal year 2007, an increase of 67.6% over 2006. The net profit of the company was $68.3 million during the fiscal year 2007, an increase of 94% over 2006.