DIAMONDROCK HOSPITALITY ANNOUNCES REDEMPTION OF 8.250% SERIES A CUMULATIVE REDEEMABLE PREFERRED STOCK

Core Viewpoint - DiamondRock Hospitality Company announced the redemption of all outstanding shares of its 8.250% Series A Cumulative Redeemable Preferred Stock on December 31, 2025, utilizing approximately $121.5 million in cash to fund the redemption price and accrued dividends [1][2]. Group 1: Redemption Details - The Company will redeem 4,760,000 shares at a price of $25.00 per share, plus accrued and unpaid dividends [1]. - The quarterly dividend of $0.515625 per share on the Series A Preferred Stock is declared and payable on December 31, 2025, to shareholders of record as of December 19, 2025 [2]. - After the redemption date, the Series A Preferred Stock will no longer be outstanding, and dividends will cease to accrue [3]. Group 2: Company Overview - DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that owns a portfolio of 36 premium quality hotels and resorts, totaling approximately 9,600 rooms [4]. - The Company's portfolio is strategically positioned in leisure destinations and top gateway markets, operating under leading global brand families and independent boutique hotels [4].