Acquiring Company
DIAMONDROCK
Acquired Company
Chico Hot Springs Resort
Description
DiamondRock Hospitality Company (the "Company") (NYSE:DRH) today announced that it has acquired the fee-simple interest in the Chico Hot Springs Resort (the "Resort"), a lifestyle resort in Paradise Valley, Montana and near Yellowstone National Park. The purchase price for the Resort and adjacent ranch (collectively, "Chico") is $33 million. Chico was acquired from an individual owner-operator and is an independent resort, completely unencumbered by brand and management agreements.
Quick answer
DIAMONDROCK is acquiring Chico Hot Springs Resort, announced August 2, 2023.
- How much did DIAMONDROCK pay for Chico Hot Springs Resort?
- The deal value was not disclosed.
- What does DIAMONDROCK do?
- Diamond Rock Properties & Investments is a property investment company, with investments in a wide range of properties, headquartered in Lincolnwood, IL.
Source: Fundz verified event record.
Other recent acquisitions in Hospitality and Leisure
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Calmwater Capital Acquires Banyan Cay Resort & Golf Club (September 6, 2023)
- Ryman Hospitality Properties, Inc. Closes Acquisition Of Jw Marriott San Antonio Hill Country Resort & Spa From Blackstone Real Estate Income Trust, Inc. (June 30, 2023)
- Nona Lim Announces Acquisition By Hong Kong-Based Ddc Enterprise Limited (August 2, 2023)
- Triumph Higher Education Group Acquires Gecko Hospitality (August 1, 2023)
- Global Hospitality Investment Group Acquires Doubletree Resort Scottsdale Paradise Valley (July 27, 2023)
- Vici Properties Inc. Completes Acquisition Of Rocky Gap Casino Resort (July 25, 2023)
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Frequently asked
Who acquired Chico Hot Springs Resort?
Chico Hot Springs Resort was acquired by DIAMONDROCK. The deal was reported on August 2, 2023. Diamond Rock Properties & Investments is a property investment company, with investments in a wide range of properties, headquartered in Lincolnwood, IL. DIAMONDROCK is privately held.
When did DIAMONDROCK acquire Chico Hot Springs Resort?
DIAMONDROCK's acquisition of Chico Hot Springs Resort was reported on August 2, 2023. DiamondRock Hospitality Company (the "Company") (NYSE:DRH) today announced that it has acquired the fee-simple interest in the Chico Hot Springs Resort (the "Resort"), a lifestyle resort in Paradise Valley, Montana and near Yellowstone National Park. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Chico Hot Springs Resort do?
Chico Hot Springs Resort is an authentic western-style resort situated in the heart of Montana's stunning Paradise Valley and convenient to the only year-round vehicle entrance to Yellowstone National Park. It is privately held, operating in Hospitality.
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