Business
DIAMONDROCK HOSPITALITY DEBUTS THE DAGNY IN BOSTON
BETHESDA, Md., Aug. 1, 2023 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) today announced the rebranding and debut of The Dagny,
About this update from Diamondrock Hospitality Company
[{"type":"text","content":"BETHESDA, Md., Aug. 1, 2023 /PRNewswire/ -- DiamondRock Hospitality Company (the \"Company\") (NYSE: DRH) today announced the rebranding and debut of The Dagny, an independent lifestyle hotel inspired by the glamour of the Art Deco era. The 403-room boutique hotel is ideally located at the very corner of work and play, Boston's Financial District and historic Faneuil Hall, two of the largest demand generators in the city. The Dagny highlights the duality of the hotel's unique location in the design and programming of the guest experience. \n\n \n \n \n \n \n \n\n \n\"This strong return-on-investment opportunity advances DiamondRock's strategy to curate unique and differentiated experiences coveted by today's traveler. The Dagny is the Company's thirteenth independent hotel, marking the first time more than one-third of DiamondRock's portfolio is fully independent,\" said Mark W. Brugger, President and Chief Executive Officer of DiamondRock Hospitality Company.\nThe Dagny rebranding included a $32 million comprehensive investment to create an all-new, immersive lobby experience, luxury guest rooms and bathrooms, enhanced meeting facilities and a state-of-the-art fitness center. The Company expects the hotel's net operating income to grow from nearly $8 million in 2023 to $11 million in 2024 and $15 million by 2027. \nFor more information or to place a reservation, please visit https://www.thedagnyboston.com/.\nAbout The Dagny\nThe Dagny, initially known as the Public Services Building and later as the Batterymarch Building, was Boston's largest office building and first Art Deco skyscraper when it was constructed in 1928. The building was designed by notable artist and architect Harold Field Kellogg, and it housed many prominent businesses during the 20th century. In 1995, the Boston Landmarks Commission designated the exterior of the Batterymarch Building be preserved because of stunning design and contribution to Boston's architectural history. The structural steel and reinforced concrete frame are clad in over thirty shades of progressively lighter polychrome brick to emphasize the verticality of the structure while cast stone and decorative terra cotta elements adorn the entrances with symbols of America, the industrial age and local commerce. The building was converted to a hotel in 1998 as part of the preservation effort. T...