DiamondRock May Buy N.Y.’s Radisson Lexington Hotel, WSJ Says

DiamondRock Hospitality Co. (DRH) is close to an agreement to buy New York’s Radisson Lexington hotel for $335 million, the Wall Street Journal reported, citing unidentified people familiar with the situation.

A partnership including a Goldman Sachs Group Inc. (GS) fund, Blackstone Group and Highgate Holdings are the sellers, the newspaper said.

To contact the editor responsible for this story: Jeran Wittenstein at jwittenstei1@bloomberg.net

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