Company: DRH-PA
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001298946-25-000015
Chunk: 125

Company: DiamondRock Hospitality Co
Filing Date: 2025-02-28
Form: 10-K
Item: Item 16
Chunk 125
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 as of December 31, 2024Maturity Date20242023Courtyard New York Manhattan / Midtown East mortgage loan4.40%August 2024— 74,346 Worthington Renaissance Fort Worth Hotel mortgage loan3.66%May 202571,766 73,727 Hotel Clio mortgage loan4.33%July 202554,657 56,091 Westin Boston Seaport District mortgage loan4.36%November 2025169,385 174,025 Unsecured term loanSOFR + 1.35% (1)January 2028500,000 500,000 Unsecured term loanSOFR + 1.35% (2)January 2026 (3)300,000 300,000 Senior unsecured credit facilitySOFR + 1.40%September 2026 (4)— — Total debt1,095,808 1,178,189 Unamortized debt issuance costs (5)(514)(1,184)Debt, net of unamortized debt issuance costs$1,095,294 $1,177,005 Weighted-Average Interest Rate (6)5.21% _____________(1)Interest rate as of December 31, 2024 was 5.38%, which includes the effect of interest rate swaps.(2)Interest rate as of December 31, 2024 was 5.79%.(3)In September 2024, we exercised our option to extend the maturity by an additional year to January 2026.(4)Maturity date may be extended for an additional year upon the payment of applicable fees and the satisfaction of certain customary conditions.(5)Excludes debt issuance costs related to our senior unsecured credit facility, which are included within Prepaid and Other Assets on the accompanying consolidated balance sheets.(6)Includes the effect of interest rate swaps. See Note 6 for additional disclosures on interest rate swaps.As of December 31, 2024, the aggregate debt maturities for our mortgage debt and unsecured term loans, assuming all extension options available in our debt agreements are exercised, are as follows (in thousands):2025$295,808 2026300,000 2027— 2028500,000 2029— Thereafter— $1,095,808 

F-18

Mortgage DebtWe have incurred limited recourse