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DiamondRock Hospitality Acquires AC Hotel Minneapolis Downtown for $30 Million
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DiamondRock Hospitality Acquires AC Hotel Minneapolis Downtown for $30 Million
Nov 15, 2024 9:18 AM

08:50 AM EST, 11/15/2024 (MT Newswires) -- DiamondRock Hospitality ( DRH ) said Friday it has acquired the 245-room AC Hotel Minneapolis Downtown for $30 million, or about $122,000 per key.

Acquisition of the hotel, built in 2016, was not included in the company's updated 2024 guidance and is expected to contribute modestly to 2024 comparable revenue per available room growth, DiamondRock said.

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