DiamondRock Closes $200 Million Term Loan

May 17, 2017

Willkie represents DiamondRock Hospitality Company, a self-advised REIT that owns a leading portfolio of geographically diversified hotels, in the transaction.

Longtime Willkie client DiamondRock Hospitality Company recently announced that it has entered into a Term Loan Agreement among the company, DiamondRock Hospitality Limited Partnership, Regions Bank, Regions Capital Markets, KeyBank National Association, PNC Bank, National Association, U.S. Bank National Association and certain other lenders named therein. The Term Loan Agreement provides for a new $200 million unsecured term loan maturing on April 25, 2022 .

DiamondRock is a self-advised real estate investment trust (REIT) that owns a leading portfolio of geographically diversified hotels concentrated in top gateway markets and destination resort locations. The company owns 28 premium quality hotels with approximately 9,600 rooms.

The deal was handled by partners David Drewes and William Dye, and associates Daniel Philion, Jennifer Coffey and Bryan Hogg.