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CHICAGO — DiamondRock Hospitality Co. has agreed to acquire a $69 million senior mortgage loan, which is secured by the Allerton Hotel in downtown Chicago. Located at 701 N. Michigan Ave., the historic 443-room hotel was built in 1924. The note will be acquired from the current holders at a discount to par value. Upon completion of the acquisition, DiamondRock plans to pursue the foreclosure action against the hotel that was recently filed in the Cook County, Ill., Circuit Court. Once the foreclosure proceedings are complete, DiamondRock expects to own fee title to the hotel. The transaction is expected to close within the next 30 days.