DiamondRock Announces Initial Public Offering of Common Stock BETHESDA, Md., May 26 /PRNewswire-FirstCall/ -- DiamondRock Hospitality Company ("DiamondRock") (NYSE:DRH) today announced the pricing of the initial public offering of 26,087,000 shares of its common stock at a price of $10.50 per share, including 1,428,571 shares sold directly to Marriott International Inc. (NYSE:MAR). DiamondRock has granted the underwriters of the offering an option to purchase up to 3,698,764 additional shares of its common stock to cover over-allotments, if any. The offering is expected to close on June 1, 2005. (Logo: http://www.newscom.com/cgi-bin/prnh/20040708/DCTH028 ) Citigroup Global Markets Inc. and Friedman, Billings, Ramsey & Co., Inc. are acting as joint book running managers in the offering, with Banc of America Securities LLC, Wachovia Capital Markets, LLC and JMP Securities LLC acting as co-managers. Copies of the final prospectus relating to the offering may be obtained from the prospectus department of Citigroup Global Markets Inc., Brooklyn Army Terminal, 140 58th Street, Brooklyn, New York 11220 or from Friedman, Billings, Ramsey & Co., 1001 Nineteenth Street North, Arlington, Virginia 22209. About DiamondRock Hospitality Company DiamondRock Hospitality Company is a self-advised real estate company that owns, acquires and invests in upper upscale and upscale properties located primarily in North America. To a lesser extent, we may invest, on a selective basis, in premium limited-service and extended-stay hotel properties in urban locations. http://www.newscom.com/cgi-bin/prnh/20040708/DCTH028 http://photoarchive.ap.org/ DATASOURCE: DiamondRock Hospitality Company CONTACT: Mark Brugger of DiamondRock Hospitality Company, +1-301-380-7100, or Web site: http://www.diamondrockhospitality.com/

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