DiamondRock settles hurricane insurance claim for $247M

A Bethesda real estate investment trust focused on hotels has settled an insurance claim arising from Hurricane Irma in 2017. DiamondRock Hospitality Co. agreed to settle its claim for the Havana Cabana in Key West, Florida and the Frenchman's Reef & Morning Star Marriott Beach Resort in St. Thomas, Virgin Islands, for total insurance payments of $246.75 million, ...

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