Press Release June 01, 2005

DiamondRock Closes Initial Public Offering of Common Stock

BOSTON, June 1, 2005 – DiamondRock Hospitality Company today announced the closing of its initial public offering which resulted in approximately $291.8 million of net cash proceeds. Citigroup Global Markets Inc. and Friedman, Billings, Ramsey & Co. Inc. acted as joint book running managers in the offering, with Banc of America Securities LLC, Wachovia Capital Markets, LLC and JMP Securities LLC acting as co-managers.

The partners from Goodwin Procter who represented DiamondRock in this matter were Gil MennaRob InsoliaNeal SandfordRoss Gillman and Scott Webster.