DiamondRock (NYSE: DRH) clears $166.2M Westin Boston mortgage debt

Rhea-AI Filing Summary

DiamondRock Hospitality Company reports that on September 5, 2025 it prepaid the $166.2 million mortgage loan secured by the Westin Boston Seaport District hotel. After this repayment, all of the company’s remaining debt is described as fully unsecured and can be prepaid at any time, which changes its capital structure from secured borrowing on that property to an entirely unsecured debt profile.

The company also furnished an investor slide presentation for use in upcoming investor meetings as an exhibit and posted it on its website. That presentation, together with the related disclosure, is provided under Regulation FD as furnished information rather than filed under the securities laws.

Positive

• Prepayment of $166.2M secured mortgage on the Westin Boston Seaport District, leaving all remaining company debt unsecured and prepayable at any time.

Negative

• None.

Insights

Credit and capital structure analyst

DiamondRock retires a $166.2M secured loan, leaving only unsecured, prepayable debt.

DiamondRock Hospitality Company prepaid a $166.2 million mortgage loan secured by the Westin Boston Seaport District. With this step, the company states that all of its remaining debt is now unsecured and can be prepaid at any time. Moving from property-level secured financing to a fully unsecured structure can simplify covenants and remove liens on assets, relying instead on corporate-level credit.

This change may affect future financing options and risk profiles, since unsecured lenders look to the overall enterprise rather than specific collateral. The actual financial impact depends on the interest costs of the repaid loan versus remaining obligations, which are not detailed here. The company also furnished an investor presentation for September 2025, which may provide additional context on strategy and capital structure in its broader communications.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT PURSUANT TO

SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported):

September 5, 2025 

DiamondRock Hospitality Company

(Exact name of registrant as specified in charter)

Maryland

001-32514

20-1180098

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(IRS Employer Identification No.)

2 Bethesda Metro Center, Suite 1400

Bethesda, MD 20814

(Address of Principal Executive Offices) (Zip Code)

(Registrant’s telephone number, including area code): (240) 744-1150

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Stock, $0.01 par value

DRH

New York Stock Exchange

8.250% Series A Cumulative Redeemable Preferred Stock, par value $0.01 per share

DRH Pr A

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

☐ Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.      ☐

This Current Report on Form 8-K (“Current Report”) contains forward-looking statements within the meaning of federal securities laws and regulations. These forward-looking statements are identified by their use of terms and phrases such as “believe,” “expect,” “intend,” “project,” “anticipate,” “position,” and other similar terms and phrases, including references to assumptions and forecasts of future results. Forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors which may cause the actual results to differ materially from those anticipated at the time the forward-looking statements are made. These risks include, but are not limited to, those risks and uncertainties described from time to time in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K filed on February 28, 2025 and our Quarterly Reports on Form 10-Q filed on May 2, 2025 and August 8, 2025. Although we believe the expectations reflected in such forward-looking statements are based upon reasonable assumptions, we can give no assurance that the expectations will be attained or that any deviation will not be material. All information in this Current Report is as of the date of this Current Report, and we undertake no obligation to update any forward-looking statement to conform the statement to actual results or changes in our expectations.

ITEM 7.01. Regulation FD Disclosure.

A copy of a slide presentation that DiamondRock Hospitality Company (the “Company”) intends to use at investor meetings is attached to this Current Report as Exhibit 99.1 and is incorporated by reference herein. Additionally, the Company has posted the slide presentation in the investor relations/presentations section of its website at www.drhc.com.

The information in this Item 7.01, including Exhibit 99.1 attached hereto, is being furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of such section. The information in this Item 7.01, including Exhibit 99.1, shall not be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any incorporation by reference language in any such filing. This Current Report will not be deemed an admission as to the materiality of any information in this Current Report that is required to be disclosed solely by Regulation FD.

ITEM 8.01. Other Events.

On September 5, 2025, the Company prepaid the $166.2 million mortgage loan secured by the Westin Boston Seaport District. Following the repayment of this loan, all of the Company's debt is fully unsecured and prepayable at any time.

ITEM 9.01. Financial Statements and Exhibits.

(d) Exhibits.

The following exhibits are included with this report:

Exhibit No. Description

99.1                    Investor Presentation - September 2025

101.SCH                Inline XBRL Taxonomy Extension Schema Document

101.CAL                Inline XBRL Taxonomy Extension Calculation Linkbase Document

101.DEF                Inline XBRL Taxonomy Extension Definition Linkbase Document

101.LAB                Inline XBRL Taxonomy Extension Label Linkbase Document

101.PRE                Inline XBRL Taxonomy Extension Presentation Linkbase Document

104                    Cover Page Interactive Data File

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

DIAMONDROCK HOSPITALITY COMPANY

Dated: September 8, 2025

By:

/s/ Briony R. Quinn

Briony R. Quinn

Executive Vice President, Chief Financial Officer and Treasurer

FAQ

What major debt action did DiamondRock Hospitality (DRH) disclose?

DiamondRock Hospitality Company disclosed that on September 5, 2025 it prepaid a $166.2 million mortgage loan secured by the Westin Boston Seaport District hotel.

How did the $166.2 million prepayment change DRH’s debt structure?

Following the $166.2 million mortgage repayment, DiamondRock states that all of its debt is fully unsecured and can be prepaid at any time.

Which property was tied to the prepaid DiamondRock mortgage loan?

The prepaid $166.2 million mortgage loan was secured by DiamondRock’s Westin Boston Seaport District hotel.

Did DiamondRock (DRH) provide an investor presentation with this 8-K?

Yes. DiamondRock attached an investor presentation (Exhibit 99.1) for September 2025 and posted it in the investor relations/presentations section of its website.

Is the information in the DiamondRock investor presentation considered filed with the SEC?

No. The investor presentation and related disclosure are being furnished, not filed, under Regulation FD and are not subject to Section 18 liabilities or incorporation by reference.

What form did DiamondRock Hospitality (DRH) use for this disclosure?

DiamondRock used a Form 8-K to furnish its investor presentation and to report the prepayment of the $166.2 million Westin Boston Seaport District mortgage loan.