DiamondRock Hospitality Acquires Bellmoor Inn & Spa in Delaware for $31 Million
MT newswire2026/10/08 12:0908:09 AM EDT, 10/08/2026 (MT Newswires) -- DiamondRock Hospitality (DRH) acquired The Bellmoor Inn & Spa, a 79-room luxury resort in Rehoboth Beach, Delaware, for $31 million, the company said Thursday. The fee-simple interest acquisition was funded with cash on hand, DiamondRock said. DiamondRock expects the hotel to generate a stabilized net operating income yield of around 9.5% after the company implements its asset management initiatives and completes planned off-season capital improvements, it said. DiamondRock does not expect the acquisition to have a material impact on its Q4 earnings.
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