Diamondrock Hospitality Co
NYSE:DRH

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Diamondrock Hospitality Co
NYSE:DRH
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Price: 8.71 USD -0.34% Market Closed
Market Cap: 1.8B USD

Diamondrock Hospitality Co
Investor Relations

In the bustling realm of real estate investment, DiamondRock Hospitality Company stands out as a firm that has strategically positioned itself within the hospitality sector by focusing on purchasing and operating high-quality hotels in key gateway cities and resort destinations across the United States. The company's business model revolves around acquiring full-service, premium urban hotel properties and iconic resorts, aiming to generate income from lodging operations. By investing in prime properties, often managed under well-recognized brands such as Marriott, Hilton, and Hyatt, DiamondRock enhances the financial performance of its portfolio through savvy asset management and capital improvements, ensuring its properties are poised to attract travelers seeking luxurious experiences.

The company's revenue streams are primarily driven by room bookings, as well as food and beverage services, meeting space rentals, and other ancillary services offered within their hotels. Emphasizing a disciplined approach to asset management, DiamondRock identifies opportunities to unlock value within its existing portfolio, including renovation projects and operational efficiencies. By adeptly navigating the dynamics of the hospitality market, DiamondRock aims to achieve consistent cash flow, returns on investment, and bolstered shareholder value. This approach, underpinned by comprehensive market analysis and adaptation to industry trends, positions DiamondRock as a resilient player in the often volatile world of real estate investment trusts within the hospitality sector.

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Earnings Calls

2024 Q3
Nov 8, 2024
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DiamondRock's Strong Q3 Performance Amid Market Challenges
2024 Q3
Nov 8, 2024

DiamondRock Hospitality reported a solid third quarter, with comparable RevPAR growth of 2.8% over 2023, driven by strong group demand, which rose 15.7%. However, challenges like Hurricane Helene's impact and weaker transient occupancy led to adjustments in future guidance. For 2024, adjusted EBITDA is projected at $281 to $287 million and adjusted FFO per share guidance has increased slightly to $0.97 to $0.99. The comparable RevPAR growth outlook has tightened to 1.5% to 2%, down from 1.5% to 3%. Management remains optimistic about leisure demand and expects gradual economic improvements in 2025.

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Management

Mr. Jeffrey John Donnelly C.F.A.
CEO & Director
No Bio Available
Mr. Justin L. Leonard
Executive VP of Asset Management, COO & President
No Bio Available
Ms. Briony R. Quinn CPA
Executive VP, CFO & Treasurer
No Bio Available
Mr. Stephen Spierto
Chief Accounting Officer
No Bio Available
Ms. Anika C. Fischer
Senior VP, General Counsel & Corporate Secretary
No Bio Available
Mr. Dustin Resnick
Vice President of Acquisitions and Investments
No Bio Available

Contacts

Address
MARYLAND
Bethesda
2 Bethesda Metro Ctr Ste 1400
Contacts
+12407441150.0
drhc.com