UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 6, 2011
DiamondRock Hospitality Company
(Exact name of registrant as specified in its charter)
| Maryland | 001-32514 | 20-1180098 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) | (IRS Employer Identification No.) |
| 3 Bethesda Metro Center, Suite 1500 Bethesda, MD |
20814 |
|
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: (240) 744-1150
(Former name or former address, if changed since last report.)
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:
| o | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |
| o | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |
| o | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |
| o | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
| ITEM 7.01. | Regulation FD Disclosure |
On May 6, 2011, the borrower under a senior mortgage loan, which DiamondRock Hospitality Company
(the “Company”) acquired in May 2010, filed for bankruptcy protection in the Northern District of
Illinois under chapter 11 of Title 11 of the U.S. Code, 11 U.S.C. §§ 101 et seq., as amended. The
senior mortgage loan held by the Company is secured by substantially all of the assets of the
borrower, including, without limitation, the Allerton Hotel. The bankruptcy case is styled as: In
re Alt Hotel, LLC (Case No. 11-19401 ABG) (Bankr. N.D. Ill.) (the “Bankruptcy Case”). The filing
of the Bankruptcy Case had the effect of, among other things, automatically staying the foreclosure
proceedings that the Company had previously filed against the borrower. While the Company intends
to continue to vigorously pursue its rights in the Bankruptcy Case and currently anticipates a
successful resolution, it is too early in the process to meaningfully appraise the likelihood of
potential outcomes.
The information in this Current Report 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 Current Report,
including the exhibit, 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.
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 |
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| Date: May 9, 2011 | By: | /s/ William J. Tennis | ||
| William J. Tennis | ||||
| Executive Vice President, General Counsel and Corporate Secretary |
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