DiamondRock Acquires New York City Hilton Garden Inn – PR Newswire (press release)

DiamondRock Acquires New York City Hilton Garden Inn
PR Newswire (press release)
The purchase price of $68.4 million represents a 12.9 multiple of 2010 EBITDA and a 7% capitalization rate on 2010 net operating income.

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