Company: DRH-PA
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001298946-25-000015
Chunk: 58

Company: DiamondRock Hospitality Co
Filing Date: 2025-02-28
Form: 10-K
Item: Item 2
Chunk 58
---
73.5% of gross room sales; program fee of 4% of gross room sales (2)Courtyard Denver Downtown10/20275.5% of gross room salesCourtyard New York Manhattan/Fifth Avenue12/20356% of gross room salesCourtyard New York Manhattan/Midtown East8/20426% of gross room salesThe Gwen9/20355% of gross room salesHotel Champlain Burlington6/20344% of gross room sales; program fee of 4% of gross room sales (3)Hilton Garden Inn New York/Times Square Central6/20335% of gross room sales; program fee of 4.3% of gross room salesHotel Clio10/20366% of gross room sales and 3% of gross food and beverage sales (4)The Hythe Vail12/20415% of gross room sales and 2% of gross food and beverage sales Kimpton Shorebreak Fort Lauderdale Beach Resort4/20416% of gross room sales and 2% of gross food and beverage salesThe Lodge at Sonoma Resort12/20355% of gross room salesMargaritaville Beach House Key West4/20415% of gross revenuesThe Lindy Renaissance Charleston Hotel12/20315% of gross room salesSalt Lake City Marriott Downtown at City Creek9/2040 (1)6% of gross room sales and 3% of gross food and beverage salesWestin Boston Seaport District12/20266% of gross room sales and 2% of gross food and beverage sales (5)Westin Fort Lauderdale Beach Resort12/20346% of gross room sales and 2% of gross food and beverage salesWestin San Diego Bayview12/20407% of gross room sales and 3% of gross food and beverage salesWestin Washington D.C. City Center12/20407% of gross room sales and 3% of gross food and beverage sales

______________

(1)The franchise agreement may be extended at Marriott's option for one 10-year term. 

(2)In February 2026, the franchise fee will increase to 5.5% of gross room sales through the remainder of the term. 

(3)In July 2028, the franchise fees will increase to 5% through the remainder of the term.

(4)In January 2030, the franchise fees will decrease to 5% of gross room sales and 2% of gross food