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DiamondRock Hospitality buys Westin Beach Resort & Spa for $149m

Companies | Saturday November 22, 2014 11:38AM ET
Westin Fort Lauderdale
DiamondRock Hospitality Company has entered into an agreement to acquire the fee simple interest in The Westin Beach Resort & Spa in Fort Lauderdale, Fl., for $149 million ( $345,000 per guest room).


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QUOTE OF THE MOMENT

Warren Buffett"Risk comes from not knowing what you're doing."

Warren Buffett

COMPANIES

DiamondRock Hospitality buys Westin Beach Resort & Spa for $149m
Saturday November 22, 2014 11:38AM ET
Westin Fort LauderdaleDiamondRock Hospitality Company has entered into an agreement to acquire the fee simple interest in The Westin Beach Resort & Spa in Fort Lauderdale, Fl., for $149 million ( $345,000 per guest room).



POLITICS

240 million pounds of new investment across UK
Saturday November 22, 2014 9:38AM ET
UK aerospacePrime Minister David Cameron has announced more than 240 million pounds of new investment across the UK and 1,800 new and safeguarded jobs at the UK UK Investment Summit 2014 in Newport, Wales.

EARNINGS

Tsakos Energy Navigation Q3 operating income $13.8 million
Saturday November 22, 2014 10:05AM ET
Tsakos Energy NavigationTsakos Energy Navigation reported unaudited results for the first nine months and third quarter of 2014. Operating income for the first nine months was $46.8 million compared to $28 million in the first nine months of 2013, a 67.2% increase.

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Meantime

Not all baseball stars treated equally in TV steroid coverage

Saturday November 22, 2014 9:03AM ET
Barry BondsRetired baseball stars Barry Bonds, Mark McGwire and Rafael Palmeiro each had Hall of Fame-worthy numbers, each hitting more than 500 home runs. All three also were tarred by allegations of steroid use.
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HarbinThe most northeast part of China, Heilongjiang Province, shaped as a swan, is the home of one of the most interesting Chinese cities. Welcome to "My God, it's cold!" city of Harbin.



Design

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