Fortress Investment Group LLC acquired Frenchman's Reef Marriott Resort & Spa and Noni Beach, Autograph Collection project in St. Thomas from DiamondRock Hospitality Company (NYSE:DRH) on May 6, 2021. As consideration, DiamondRock has received an upfront cash payment as well as a participation right in the future profits of the hotel once certain return metrics are achieved. Fortress Investment Group LLC completed the acquisition of Frenchman's Reef Marriott Resort & Spa and Noni Beach, Autograph Collection project in St. Thomas from DiamondRock Hospitality Company (NYSE:DRH) on May 6, 2021.