DiamondRock Hospitality Company (NYSE:DRH) acquired Tranquility Bay Beach House Resort from Northwood Investors LLC for $63 million on January 6, 2022. In a related transaction, DiamondRock Hospitality announced the acquisition of Henderson Beach Resort for approximately $110 million.

DiamondRock Hospitality Company (NYSE:DRH) completed the acquisition of Tranquility Bay Beach House Resort from Northwood Investors LLC on January 6, 2022. Net consideration of $62.3 million, including prorations and transaction costs. The acquisition was funded with corporate cash.