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NEW YORK CITY-DiamondRock Hospitality Co. said Monday that it has acquired the 169-room Hilton Garden Inn Chelsea New York City from a joint venture of Inland America and Winston Hotels in an all-cash deal marking its third acquisition here. The $68.4-million purchase price represents a 12.9 multiple of 2010 EBITDA and a 7% capitalization rate on forecasted NOI for the year, says the Bethesda, MD-based DiamondRock.

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