DiamondRock Hospitality Company Acquires Hotel In Destin For $112.5M

Mark W. Brugger has sold the hotel property located at 200 Henderson Resort Way in Destin. The transaction took place on December 23, 2021, with a sale price of $112,500,000. The hotel consists of 170 keys, resulting in a price per key (PPK) of $661,765. DiamondRock Hospitality Company, represented by Mark W. Brugger, acquired the property.

Summary of transaction details

• Property Type: Hotel
• Transaction Amount: $112,500,000
• Address: 200 Henderson Resort Way, Destin
• Market: Destin
• Buyer: DiamondRock Hospitality Company - Mark W. Brugger
• Keys: 170
• PPK: $661,765

The sale of this hotel property in Destin was facilitated by Mark W. Brugger, representing DiamondRock Hospitality Company. The transaction marks a significant deal in the hotel market, showcasing the strategic investments made by both the buyer and the seller.