Company: DRH-PA
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001298946-25-000015
Chunk: 149

Company: DiamondRock Hospitality Co
Filing Date: 2025-02-28
Form: 10-K
Item: Item 16
Chunk 149
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687 

Total capital expenditures related to our hotel ownership segment were $81.6 million, $86.3 million and $67.7 million for the years ended December 31, 2024, 2023 and 2022, respectively. 

15.  Commitments and Contingencies

Litigation

F-34

We are subject to various claims, lawsuits and legal proceedings, including routine litigation arising in the ordinary course of business, regarding the operation of our hotels and Company matters. While it is not possible to ascertain the ultimate outcome of such matters, management believes that the aggregate amount of such liabilities, if any, in excess of amounts covered by insurance, will not have a material adverse impact on our financial condition or results of operations. The outcome of claims, lawsuits and legal proceedings brought against the Company, however, is subject to significant uncertainties.

16.  Subsequent Events

On February 19, 2025, we sold the Westin Washington D.C. City Center to an unaffiliated third party for $92.0 million.

F-35

DiamondRock Hospitality Company

Schedule III - Real Estate and Accumulated DepreciationAs of December 31, 2024 (in thousands)CostsInitial CostCapitalizedGross Amount at End of YearBuilding andSubsequent toBuilding andAccumulatedNet BookYear ofDepreciationDescriptionEncumbrancesLandImprovementsAcquisitionLandImprovementsTotalDepreciationValueAcquisitionLifeAC Hotel Minneapolis Downtown— 4,141 24,549 — 4,141 24,549 28,690 (103)28,587 202410 - 40 YearsAtlanta Marriott Alpharetta$— $3,623 $33,503 $6,071 $3,623 $39,574 $43,197 $(17,896)$25,301 200510 - 40 YearsBourbon Orleans Hotel20,644 60,969 4,680 20,645 65,648 86,293 (5,459)80,834 202110 - 40 YearsCavallo Point, The Lodge at Golden Gate— 123,100 9,870 — 132,970 132,970 (27,131)105,839 201810 - 40 YearsChicago Marriott Downtown, Magnificent Mile— 36,900 347,921 99,974 36,900 447,