EX-99.1 2 dr4634ex991.htm EXHIBIT 99.1

Exhibit 99.1

Message

          DiamondRock Hospitality Announces Tax Treatment of its 2005 Dividends

          BETHESDA, Md., Jan. 27 /PRNewswire-FirstCall/ -- DiamondRock Hospitality Company (“DiamondRock”) (NYSE: DRH), a real estate investment trust, announced today the following tax treatment of its 2005 distributions.

          Common Shares (CUSIP Numbers: 252784301, 252784103, 252784202, U25268100)

 

 

 

 

 

 

 

 

2005 taxable Dividends

 

2005 Non-
Taxable
Dividends

 

 

 

 

 

 

 

 

 

 

 

Record
Date

 

Payable
Date

 

Total Cash
Distribution
per
Share

 

Taxable as
Ordinary
Income per
Share

 

Taxable as
Qualified
Dividend per
Share

 

Return of
Capital per
Share

 

 

 

 

 

 

 

6/17/05

 

 

6/28/05

 

$

0.032600

 

$

0.027702

 

$

0.004898

 

$

0.000000

 

9/09/05

 

 

9/27/05

 

$

0.172500

 

$

0.146583

 

$

0.025917

 

$

0.000000

 

12/30/05

 

 

1/17/06

 

$

0.090623

 

$

0.077008

 

$

0.013615

 

$

0.000000

 

Totals

 

 

 

 

$

0.295723

 

$

0.251293

 

$

0.044430

 

$

0.000000

 

          The table above reflects the treatment of the dividends for the 2005 tax year. A total of 52.5352% (or $0.090623 per share) of the distributions paid on January 17, 2006 to shareholders of record on December 30, 2005 are considered 2005 distributions for federal income tax purposes. The balance of the January 17, 2006 distribution (47.4748% or $0.081877 per share) will be considered a 2006 distribution and will be reported in a manner to be determined with respect to the 2006 tax year. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of DiamondRock distributions.

          About DiamondRock Hospitality Company

          DiamondRock Hospitality Company is a self-advised real estate company that owns and acquires upper upscale and upscale hotel properties located in North America and operated under nationally recognized brand names. To a lesser extent, it acquires premium limited-service and extended-stay hotel properties in urban locations. DiamondRock has a strategic acquisition sourcing relationship with Marriott International. DiamondRock owns 15 hotels with 6,119 rooms in 10 States and one U.S. territory. For more information about DiamondRock or to receive future press releases, please see the Company’s website at http://www.drhc.com.

SOURCE  DiamondRock Hospitality Company
          -0-                                        01/27/2006
          /CONTACT:  Mark Brugger of DiamondRock Hospitality Company,
+1-240-744-1150, info@drhc.com/
          /Photo:  http://www.newscom.com/cgi-bin/prnh/20040708/DCTH028
                         AP Archive:  http://photoarchive.ap.org
                         PRN Photo Desk photodesk@prnewswire.com/
          /Web site:  http://www.drhc.com /