Today’s special
DiamondRock Buys The Bellmoor Inn & Spa for $31M in Rehoboth Beach
DiamondRock paid $31 million, or $392,000 per key, for the 79-room Bellmoor Inn & Spa in Rehoboth Beach, DE — a 10.4x EBITDA multiple and 8.6% cap rate deal funded with cash.