Company: DRH-PA
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001298946-25-000015
Chunk: 128

Company: DiamondRock Hospitality Co
Filing Date: 2025-02-28
Form: 10-K
Item: Item 16
Chunk 128
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$14,753 $16,436 $23,276 Unsecured term loan interest47,232 43,294 21,153 Credit facility interest and unused fees1,253 1,256 5,279 Amortization of debt issuance costs1,967 2,053 2,489 Interest rate swap mark-to-market— 2,033 (13,914)Finance lease expense(1)311 $— $— $65,516 $65,072 $38,283 _____________(1)In October 2024, we extended the term on one of our ground leases, and, as a result, the lease classification changed from an operating lease to a finance lease.

6.  Derivatives

As of December 31, 2024 and 2023, the Company had the following derivatives (in thousands):Fair Value of AssetsHedged DebtTypeFixed RateIndexEffective DateMaturity DateNotional AmountDecember 31,2024December 31, 2023$300M Senior unsecured term loansSwap (1)1.63 %SOFRNovember 28, 2022July 25, 2024$87,500 $— $1,660 $300M Senior unsecured term loansSwap (1)1.63 %SOFRNovember 28, 2022July 25, 2024$87,500 — 1,658 $500M Senior unsecured term loansSwap3.36 %SOFRMarch 1, 2023January 1, 2028$75,000 1,328 554 $500M Senior unsecured term loansSwap3.50 %SOFRMarch 1, 2023January 1, 2027$75,000 747 449 $500M Senior unsecured term loansSwap3.27 %SOFROctober 1, 2024January 1, 2028$37,500 757 — $500M Senior unsecured term loansSwap3.27 %SOFROctober 1, 2024January 1, 2028$37,500 758 — $500M Senior unsecured term loansSwap3.07 %SOFRJanuary 2, 2025January 1, 2027$25,000 456 — $500M Senior