BETHESDA, Md., April 15, 2015 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") ( NYSE: DRH ) today announced that it prepaid the mortgage loan secured by the Renaissance Worthington (the "Hotel") and entered into a new $85 million mortgage loan secured by the Hotel. The new loan bears interest at a fixed rate of 3.66%, will amortize on a 30-year amortization schedule after a two-year interest only period, and will mature in 2025. The new loan interest rate is over 170 basis points lower than the prepaid mortgage loan. "We are thrilled to announce the successful refinancing of the Renaissance Worthington. We took advantage of the historically-low interest rate environment by locking into a 3.66% fixed interest rate for ten years. The interest rate is the lowest fixed rate in our portfolio and the loan proceeds exceed our total investment in the Hotel.