November 13, 2012 at 08:56 AM EST
Davidson Hotels & Resorts to Manage Hilton Boston Downtown/Financial District

Davidson Hotels & Resorts, one of the nation’s largest independent hotel management companies, today announced that it has assumed management of the 362-room Hilton Boston Downtown/Financial District. The hotel is the second management agreement between owners DiamondRock Hospitality Company (NYSE: DRH) and Davidson.

“We are honored to be selected to manage this high profile property in Boston, which is one of the most sophisticated markets in our industry,” said John Belden, Davidson’s President and CEO. “We are also enthusiastic about continuing and growing our relationship with DiamondRock.”

“Davidson exceeded our expectations on our first hotel management opportunity together. They quickly improved operations, enhanced the guest experience and implemented aggressive revenue management and marketing strategies that led to an improved market share and bottom line,” said John Williams, President and Chief Operating Officer for DiamondRock Hospitality. “We look forward to their duplicating that success at the Hilton Boston Downtown/Financial District.”

In addition to its complement of large guest rooms, the 362-room Hilton Boston Downtown/Financial District includes 66 large, two-room suites. Offering a superior location in the heart of it all, the hotel was built during the 1920s and is housed in one of Boston’s first art deco skyscrapers. Situated ten minutes from Logan International Airport and just over a mile from the Boston Convention & Exhibit Center at 89 Broad Street, the hotel is proximate to Faneuil Hall Marketplace/Quincy Market, the New England Aquarium, Boston Children’s Museum and the TD Garden arena. Hotel amenities include more than 10,000 square feet of versatile meeting space, complimentary business center, state-of-the-art fitness center and Nix’s Mate Restaurant,which is located in the main level of the hotel with a separate, dedicated entrance on Broad Street. Offering the very best in modern American fare with a seasonal and local influence, the menu is created and executed by Chef David Nevins, formerly of Todd English's Olives and Neptune Oyster.

About DiamondRock Hospitality Company

DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that is an owner of premium hotel properties. The Company owns 26 premium hotels with approximately 11,500 rooms and holds one senior mortgage loan. The Company’s hotels are generally operated under globally recognized brands such as Hilton, Marriott, and Westin. For further information, please visit DiamondRock Hospitality Company’s website at www.drhc.com.

About Davidson

Davidson Hotels & Resorts is an award-winning, full-service hotel management company that provides management, development/renovation, acquisition, consulting and accounting expertise for the hospitality industry. The company has amassed one of the purest full-service hotel portfolios in the industry, ranging from the upper-upscale to near-luxury segments; encompassing 48 upscale, full-service independent and branded hotels with over 13,600 rooms across the United States, including such affiliations as Hilton, DoubleTree by Hilton, Embassy Suites, Hilton Garden Inn, Sheraton, Westin, Hyatt, Marriott, Renaissance, Courtyard by Marriott, and Radisson. Additional information on Davidson may be found at the company’s Web site, www.davidsonhotels.com.

Contacts:

Davidson Hotels & Resorts
Cyndi Norwood, 678-349-0909
cnorwood@davidsonhotels.com
or
Daly Gray Public Relations
Chris Daly, 703-435-6293
chris@dalygray.com
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