New York (APRIL 5TH, 2013) - Diamondrock Hospitality Co. (NYSE: DRH) announced that it raised $102 million through two separate secured, non-recourse financings with different lenders.
"These financings accomplished several key objectives for DiamondRock, including locking-in low interest rates for 10 years, eliminating outstanding borrowings on the Company's credit facility and funding our previously announced renovation and repositioning program," stated Mark W. Brugger, Chief Executive Officer of the Company.
DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that is an owner of premium hotel properties.
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Zynga, Inc. (NASDAQ: ZNGA) chief executive, Mark Pincus, has opted to receive an annual salary of just $1 this year and forgo all cash bonuses, the company said on Thursday.
Reuters reported that Pincus, who founded the social gaming company in 2007 and still maintains majority control, received a pay package of $1.7 million in 2011.
His 2012 pay package has not yet been made public by the company, which is best-known for "FarmVille," a popular game on Facebook. Moreover, Pincus will not participate in the company's cash bonus program this year, the company told the Securities and Exchange Commission in a filing.
Find out where ZNGA could be headed here:
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