DiamondRock Hospitality Company acquired Chico Hot Springs Resort, Inc. for $31.9 million.

DiamondRock Hospitality Company (NYSE:DRH) acquired Chico Hot Springs Resort, Inc. for $31.9 million on August 1, 2023. The adjacent ranch, a 595-acre parcel purchased for approximately $6 million. The acquisition was funded from corporate cash on hand.

DiamondRock Hospitality Company (NYSE:DRH) completed the acquisition of Chico Hot Springs Resort, Inc. on August 1, 2023.