Top 5 Healthcare Equipment Companies To Buy For 2015

Top 5 Healthcare Equipment Companies To Buy For 2015: DiamondRock Hospitality Co (DRH)

DiamondRock Hospitality Company, incorporated on May 6, 2004, is a lodging-focused Maryland corporation operating as a real estate investment trust (REIT). It owns a portfolio of 27 premium hotels and resorts that contain 11,590 guest rooms. It also holds the senior note on a mortgage loan secured by an additional hotel and has the right to acquire, upon completion, a hotel under development. Its portfolio is concentrated in key gateway cities and destination resorts. Each of its hotels is managed by a third party and are operated under a brand owned by one of the global lodging brand companies (Marriott International, Inc. (Marriott), Starwood Hotels & Resorts Worldwide, Inc. (Starwood) or Hilton Worldwide (Hilton)). In November 2013, the Company sold the Torrance Marriott South Bay.

The Company conducts its business through an umbrella partnership REIT (UPREIT), in which its hotel properties are owned by its operating partnership, DiamondRock Hospitality Lim ited Partnership, or subsidiaries of its operating partnership. Its properties are concentrated in key gateway cities (primarily New York City, Chicago, Boston and Los Angeles) and in destination resort locations , such as the United States Virgin Islands and Vail, Colorado.

During the year ended December 31, 2012, it acquired five new hotels and sold four non-core hotels located in the markets: Atlanta, Georgia; Boston, Massachusetts ; Burlington, Vermont; Charleston, South Carolina; Chicago, Illinois ; Denver, Colorado ; Fort Worth, Texas; Los Angeles, California ; Minneapolis, Minnesota; New York, New York ; Oak Brook, Illinois; Orlando, Florida; Salt Lake City, Utah; San Diego, California; San Francisco, California; Sonoma, California; St. Thomas, U.S. Virgin Islands; Vail, Colorado and Washington, D.C. It also owns a s! enior mortgage loan secured by a 443-room hotel located in Chicago, Illinois and have the right to acquire, upon completion, a 282-room hote l under development in New York City.

On July ! 12, 2012, it acquired a portfolio of four hotels from affiliates of Blackstone Real Estate Partners VI. The portfolio consists of the Hilton Boston Downtown, Westin Washington D.C. City Center, Westin San Diego and Hilton Burlington. The portfolio consists of the 362-room Hilton Boston Downtown, the 406-room Westin Washington, D.C. City Center, the 436-room Westin San Diego and the 258-room Hilton Burlington. On November 9, 2012, it acquired the 94-room Hotel Rex located in San Francisco, California. On March 23, 2012, it completed the sale of a three-hotel portfolio. The portfolio consisted of the Griffin Gate Marriott Resort and Spa, the Renaissance Waverly, and the Renaissance Austin. On October 3, 2012, it completed the sale of the Atlanta Westin North at Perimeter.

The Oak Brook Hills Marriott Resort, the Orlando Airport Marriott and the Hilton Garden Inn Chelsea/New York City each failed its performance test at the end of 2012. The Bethesda Marriott Suite s hotel is subject to a ground lease. The Courtyard Manhattan/Fifth Avenue is subject to a ground lease. The Salt Lake City Marriott Downtown is subject to two ground leases: one ground lease covers the land under the hotel and the other ground lease covers the portion of the hotel that extends into the City Creek Center. The Westin Boston Waterfront is subject to a ground lease. The Hilton Minneapolis is subject to a ground lease. In addition, the golf course that is part of the Oak Brook Hills Marriott Resort is subject to a ground lease covering approximately 110 acres. A portion of the parking garage relating to the Renaissance Worthington is subject to three ground leases that cover, contiguously with each other, approximately 1/4 of the land on which the parking garage is constructed. Furthermore, these ground leases general! ly requir! e them to obtain and maintain insurance covering the subject property.

Advisors' Opinion:

• [By Laura Brodbeck]

  Monday

  Earnings Releases Expected:  McKesson (NYSE: MCK), Concho Resources (NYSE: CXO), Diamondrock Hospitality (NYSE: DRH) Economic Releases Expected:  US Federal budget balance, Indian industrial production

  Tuesday

• [By Marc Bastow]

  Lodging-focused real estate investment trust (REIT) DiamondRock (DRH) raised its dividend 21% to 10.25 cents per share, payable April 10 to shareholders of record as of March 31. Yielding more than 3%, DRH stock has the highest yield of this week’s dividend stocks increasing payouts.
  DRH Dividend Yield: 3.38%

source from Top Stocks For 2015:http://www.topstocksblog.com/top-5-healthcare-equipment-companies-to-buy-for-2015-3.html