New York, NY -- (SBWIRE) -- 04/05/2013 -- 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&aposs 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&aposs 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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