Sixty-nine-year-old Bill Tennis, who's been GC of DiamondRock Hospitality for 14 of the company's 24 years in business, plans to retire in June.
April 01, 2024 at 05:58 PM
3 minute read
Reporter
You might never have heard of DiamondRock Hospitality, but if you regularly stay at upscale or luxury hotels in top travel destinations in the United States, you likely have stayed at one of its properties.
And it’s one of the hotel industry’s 21st century success stories. Starting from scratch in 2004, DiamondRock now owns 36 premium hotels with 9,746 rooms, holdings that have pushed its stock market value to $2 billion.
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DiamondRock seeks to protect its investments by targeting resort destinations and urban areas with high barriers to entry. It owns a Hilton Garden Inn in Times Square, for instance, and a Marriott on Chicago’s Magnificent Mile. Credit: Luciano Mortula – LGM/Shutterstock.com
