Bethesda-based self-advised real estate investment trust DiamondRock Hospitality Company announced Thursday that it completed the sale of the 169-room Hilton Garden Inn Chelsea / New York City for $65 million to an affiliate of a China-based entity. The sale price represents a 13.5x multiple on the Hotel's adjusted earnings before interest, taxes, depreciation and amortization for the trailing 12-month ... Complete access to news articles on this website is available to Daily Record subscribers who are logged in.
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