DiamondRock Hospitality

DiamondRock Hospitality Co. is a real estate investment trust which focuses on lodging properties. It engages in the acquisition, ownership, asset management, and renovation of hotels and resorts. Its brands include Autograph Collection Hotels, Courtyard Marriott, Hilton Garden Inn, Hilton Hotels & Resorts, JW Marriott, and Kimpton Hotels & Restaurants. The company was founded by Mark W. Brugger, William W. McCarten, and John L. Williams in 2004 and is headquartered in Bethesda, MD.

Earnings data Q1 2024

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BETHESDA, Md. , Dec. 1, 2023 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) announced that its Board of Directors has declared a cash dividend of $0.03 per common share.

DIAMONDROCK HOSPITALITY COMPANY DECLARES DIVIDENDS FOR FOURTH QUARTER 2023

DiamondRock Hospitality Company (NYSE:DRH ) Q3 2023 Earnings Conference Call November 1, 2023 10:00 AM ET Company Participants Briony Quinn - Senior Vice President & Treasurer Mark Brugger - President & Chief Executive Officer Jeff Donnelly - Executive Vice President & Chief Financial Officer Conference Call Participants Austin Wurschmidt - KeyBanc Capital Markets Smedes Rose - Citi Duane Pfennigwerth - Evercore ISI Dori Kesten - Wells Fargo Securities Chris Woronka - Deutsche Bank Floris Van Dijkum - Compass Point Anthony Powell - Barclays Bank Dany Asad - Bank of America Bill Crow - Raymond James Chris Darling - Green Street Mike Bellisario - Baird Operator Good day, ladies and gentlemen. Thank you for standing by.

DiamondRock Hospitality Company (DRH) Q3 2023 Earnings Call Transcript

The headline numbers for DiamondRock Hospitality (DRH) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

DiamondRock Hospitality (DRH) Reports Q3 Earnings: What Key Metrics Have to Say

Comparable Total Revenues Flat to 2022 and 12% Higher than 2019 BETHESDA, Md. , Nov. 1, 2023 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH), a lodging-focused real estate investment trust that owns a portfolio of 36 premium hotels and resorts in the United States, today announced results of operations for the quarter ended September 30, 2023.

DIAMONDROCK HOSPITALITY COMPANY REPORTS THIRD QUARTER 2023 RESULTS

#1 RANKING AMONG HOTEL PEERS FOR THE FOURTH CONSECUTIVE YEAR BETHESDA, Md. , Oct. 23, 2023 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) is pleased to announce that the Company has again been recognized by the Global Real Estate Sustainability Benchmark ("GRESB") as a Real Estate Sector Leader as part of the 2023 GRESB Real Estate Assessment, demonstrating its continuing commitment to ESG transparency and improved performance.

DIAMONDROCK HOSPITALITY RECOGNIZED AS A SECTOR LEADER BY GRESB

BETHESDA, Md. , Sept. 12, 2023 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) today made available on its website an updated investor presentation for use at upcoming conferences and meetings containing, among other things, a preliminary estimate of third quarter 2023 RevPAR compared to 2022 and 2019.

DIAMONDROCK HOSPITALITY PROVIDES UPDATED INVESTOR PRESENTATION

BETHESDA, Md. , Sept. 11, 2023 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) will report financial results for the third quarter 2023 before the market opens on Wednesday, November 1, 2023.

DIAMONDROCK HOSPITALITY ANNOUNCES THIRD QUARTER 2023 EARNINGS RELEASE AND CONFERENCE CALL

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Market is ignoring factors such as interest rate sensitivity, upside to par, call date, and risk shifting in pricing preferred stocks. Mispricing is evident in the relative pricing of hotel REIT preferred stocks with similar risk factors. Investors should consider total expected annual return, interest rate sensitivity, and upside potential when evaluating preferred stocks.

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BETHESDA, Md. , Sept. 6, 2023 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) announced that its Board of Directors has declared a cash dividend of $0.03 per common share.

DIAMONDROCK HOSPITALITY COMPANY DECLARES DIVIDENDS FOR THIRD QUARTER 2023

DiamondRock Hospitality is an American company that operates as a REIT and is focused specifically on temporary accommodation properties. In 2023 and 2024, DiamondRock is expected to benefit from the capital expenditures made in the Hilton Boston Downtown/Faneuil Hall, Salt Lake City Marriott, and the Hilton Burlington Lake Champlain. I believe that further inflationary effects in the United States would most likely not affect the company as DiamondRock periodically changes the room prices to reflect the effects of inflation.

DiamondRock Hospitality: Undervalued Thanks To Room Pricing Strategies And Hotel Enhancements

DiamondRock Hospitality Company (NYSE:DRH ) Q2 2023 Earnings Conference Call August 3, 2023 5:00 PM ET Company Participants Briony Quinn - SVP & Treasurer Mark Brugger - Co-Founder, President, CEO & Director Jeff Donnelly - EVP & CFO Troy Furbay - EVP & CIO Justin Leonard - EVP, Asset Management & COO Conference Call Participants Duane Pfennigwerth - Evercore ISI Anthony Powell - Barclays Bank Floris Van Dijkum - Compass Point Michael Bellisario - Robert W. Baird & Co. Chris Darling - Green Street Advisors Gregory Miller - Truist Securities Smedes Rose - Citigroup Operator Thank you for standing by, and welcome to the DiamondRock Hospitality Company Second Quarter 2023 Earnings Conference Call.

DiamondRock Hospitality Company (DRH) Q2 2023 Earnings Call Transcript

The headline numbers for DiamondRock Hospitality (DRH) give insight into how the company performed in the quarter ended June 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Here's What Key Metrics Tell Us About DiamondRock Hospitality (DRH) Q2 Earnings

DiamondRock Hospitality (DRH) came out with quarterly funds from operations (FFO) of $0.32 per share, missing the Zacks Consensus Estimate of $0.34 per share. This compares to FFO of $0.36 per share a year ago.

DiamondRock Hospitality (DRH) Q2 FFO and Revenues Miss Estimates

BETHESDA, Md. , Aug. 3, 2023 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH), a lodging-focused real estate investment trust that owns a portfolio of 36 premium hotels and resorts in the United States, today announced results of operations for the quarter ended June 30, 2023.

DIAMONDROCK HOSPITALITY COMPANY REPORTS SECOND QUARTER RESULTS

Authentic Western Resort Near Yellowstone National Park BETHESDA, Md. , Aug. 2, 2023 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE:DRH) today announced that it has acquired the fee-simple interest in the Chico Hot Springs Resort (the "Resort"), a lifestyle resort in Paradise Valley, Montana and near Yellowstone National Park.

DIAMONDROCK ACQUIRES CHICO HOT SPRINGS RESORT

BETHESDA, Md. , Aug. 1, 2023 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) today announced the rebranding and debut of The Dagny, an independent lifestyle hotel inspired by the glamour of the Art Deco era.

DIAMONDROCK HOSPITALITY DEBUTS THE DAGNY IN BOSTON

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BETHESDA, Md. , June 15, 2023 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) will report financial results for the second quarter 2023 after the market closes on Thursday, August 3, 2023.

DIAMONDROCK HOSPITALITY ANNOUNCES SECOND QUARTER 2023 EARNINGS RELEASE AND CONFERENCE CALL

BETHESDA, Md. , June 1, 2023 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) announced that its Board of Directors has declared a cash dividend of $0.03 per common share.

DIAMONDROCK HOSPITALITY COMPANY DECLARES DIVIDENDS FOR SECOND QUARTER 2023

DiamondRock Hospitality Company (NYSE:DRH ) Q1 2023 Earnings Conference Call May 5, 2023 9:00 AM ET Company Participants Briony Quinn - Senior Vice President and Treasurer Mark Brugger - President & Chief Executive Officer Jeff Donnelly - Executive Vice President & Chief Financial Officer Justin Leonard - Executive Vice President & Chief Operating Officer Conference Call Participants Austin Wurschmidt - KeyBanc Capital Markets Dori Kesten - Wells Fargo Duane Pfennigwerth - Evercore ISI Smedes Rose - Citi Floris Van Dijkum - Compass Point Research & Trading Michael Bellisario - Baird Anthony Powell - Barclays Operator Good day and thank you for standing by. Welcome to the DiamondRock Hospitality Company's First Quarter 2023 Earnings Conference Call.

DiamondRock Hospitality Company (DRH) Q1 2023 Earnings Call Transcript

The headline numbers for DiamondRock Hospitality (DRH) give insight into how the company performed in the quarter ended March 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

DiamondRock Hospitality (DRH) Reports Q1 Earnings: What Key Metrics Have to Say

DiamondRock Hospitality (DRH) came out with quarterly funds from operations (FFO) of $0.18 per share, beating the Zacks Consensus Estimate of $0.17 per share. This compares to FFO of $0.14 per share a year ago.

DiamondRock Hospitality (DRH) Tops Q1 FFO and Revenue Estimates

Comparable Revenues Increase 18.0% over 2022 and 14.2% Over 2019 BETHESDA, Md. , May 4, 2023 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH), a lodging-focused real estate investment trust that owns a portfolio of 35 premium hotels and resorts in the United States, today announced results of operations for the quarter ended March 31, 2023.

DIAMONDROCK HOSPITALITY COMPANY REPORTS FIRST QUARTER RESULTS

Navigating The REIT Landscape: A Spotlight On DiamondRock Hospitality.

Navigating The REIT Landscape: A Spotlight On DiamondRock Hospitality

DiamondRock Hospitality focuses on luxury resorts. It has an enviable track record of being able to take advantage of opportunities when they arise. The REIT pays a very low dividend; most of the cash is retained on the balance sheet.

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