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.

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Earnings data Q4 2023

Earnings data Q1 2024

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Earnings data Q3 2024

Earnings data Q4 2024

DiamondRock Hospitality reports record 2022 performance and eyes strategic growth

DiamondRock Hospitality's 2022 performance showcased record revenues and margins, driven by strong operating performance and strategic acquisitions.
Despite challenges in maintaining rates and optimizing staffing, the company's focus on efficiency and portfolio strength positions them well for growth.
Opportunities lie in maximizing profits through strategic initiatives and capital deployment, supported by a resilient financial position and operational efficiency.
With a positive outlook for 2023 and a commitment to portfolio optimization, DiamondRock remains poised for continued success in the travel industry.

DiamondRock Hospitality reports record Q1 results, eyes growth opportunities

DiamondRock Hospitality delivered exceptional Q1 results driven by strong performance across urban and resort properties. While facing challenges in certain markets and upcoming margin pressures, the company remains well-positioned with a diverse portfolio and strategic focus on growth opportunities. By balancing short-term disruptions with long-term profitability goals, DiamondRock aims to sustain its positive momentum.

DiamondRock Hospitality reports solid Q2 performance and optimistic outlook

DiamondRock Hospitality reported solid Q2 performance with revenue growth and strong RevPAR in urban and resort segments. The company's strategic focus on ROI opportunities, acquisitions, and expense management reflects a proactive approach to value creation.
While facing challenges in business travel recovery and expense management, DiamondRock remains optimistic about the travel industry outlook. Opportunities lie in property acquisitions, revenue optimization, and long-term growth strategies.
Overall, DiamondRock's performance, strengths, and opportunities position the company well for future growth, despite challenges in the macroeconomic environment and expense management. Strategic acquisitions and revenue enhancement strategies support a positive outlook for the company.

DiamondRock Hospitality reports record revenue and optimistic outlook for 2024

DiamondRock Hospitality's Q3 2023 Earnings Call showcased strong revenue performance, strategic investments, and a positive outlook for the future. Despite challenges in business transient levels, the company's focus on expense management and asset optimization positions it well for growth.

DiamondRock Hospitality excels in 2023, eyes growth opportunities in acquisitions

DiamondRock Hospitality's strong 2023 performance, focus on quality acquisitions, and strategic outlook for 2024 position the company well for growth. Challenges include analyzing the drivers behind corporate transient business decline and managing property transitions. Opportunities lie in acquisitions, dividend policy, and maintaining a competitive edge in the market.

DiamondRock Hospitality reports Q1 revenue growth amidst market challenges

DiamondRock Hospitality's Q1 performance showed revenue growth despite RevPAR decline, with a strong focus on maximizing shareholder value and strategic decision-making. Challenges include market impacts in Charleston and rising benefits costs, while opportunities lie in urban acquisitions and efficient capital deployment. The company's emphasis on aligning leadership views and incentives signals a commitment to bold decision-making and value creation.

DiamondRock Hospitality exceeds Q2 expectations, eyes growth opportunities ahead

DiamondRock Hospitality delivered robust Q2 performance, showcasing growth in key financial metrics and strategic initiatives to drive profitability.
While facing challenges in managing capital expenditures and potential portfolio restructuring, the company remains focused on maximizing efficiency and shareholder value.
With a positive outlook for 2024 and ongoing efforts to enhance operational capabilities, DRH is well-positioned to capitalize on growth opportunities and deliver sustainable returns.

DiamondRock Hospitality posts solid Q3 results amidst operational enhancements

DiamondRock Hospitality demonstrated resilience with solid performance and operational efficiency.
While facing challenges from external factors like Hurricane Helene, the company maintained growth.
Strategic initiatives and strong financial position position the company well for future opportunities.
Continued focus on enhancing operations and shareholder value underpins the company's growth trajectory.

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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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Are you looking to invest in hotel real estate investment trusts (REITs) in 2023? Hotel REITs offer you the chance to diversify your portfolio with exciting and luxurious properties located in exotic locations around the world, from New York to Bali.

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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.

DiamondRock Hospitality: I'm Not Worried About The 8.4% Yielding Preferreds

BETHESDA, Md. , March 24, 2023 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) will report financial results for the first quarter 2023 after the market closes on Thursday, May 4, 2023.

DIAMONDROCK HOSPITALITY ANNOUNCES FIRST QUARTER 2023 EARNINGS RELEASE AND CONFERENCE CALL

BETHESDA, Md. , March 2, 2023 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) today announced that its Board of Directors has declared a quarterly cash dividend of $0.03 per common share to be paid on April 12, 2023 to shareholders of record as of March 31, 2023.

DIAMONDROCK HOSPITALITY COMPANY DECLARES DIVIDENDS FOR FIRST QUARTER 2023

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U.S. equity markets posted their worst week of the year as benchmark interest rates jumped to three-month highs on data showing a surprising reacceleration in inflation and economic activity in January. Declining for a third straight week - a skid that follows a stretch of four-of-five weekly gains to start the year - the S&P 500 dipped 2.7% while the Nasdaq declined over 3%.

Inflation Remains A Problem

DiamondRock Hospitality (DRH) delivered FFO and revenue surprises of 0% and 1.98%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

DiamondRock Hospitality (DRH) Matches Q4 FFO Estimates

DiamondRock Hospitality Company (NYSE:DRH ) Q4 2022 Earnings Conference Call February 21, 2023 8:30 AM ET Company Participants Briony Quinn - Senior Vice President and Treasurer Mark Brugger - President, Chief Executive Officer Jeff Donnelly - Executive Vice President and Chief Financial Officer Justin Leonard - Executive Vice President and Chief Operating Officer Conference Call Participants Smedes Rose - Citi Dany Asad - Bank of America Michael Bellisario - R.W. Baird Anthony Powell - Barclays Duane Pfennigwerth - Evercore ISI Patrick Scholes - Truist Securities Chris Woronka - Deutsche Bank Floris van Dijkum - Compass Point LLC Chris Darling - Green Street Stephen Grambling - Goldman Sachs Bill Crow - Raymond James Operator Good day and thank you for standing by.

DiamondRock Hospitality Company (DRH) Q4 2022 Earnings Call Transcript

Full Year 2022 Revenues 6.8% Above 2019 RevPAR Exceeds 2019 for 11th Consecutive Month BETHESDA, Md. , Feb. 21, 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 and year ended December 31, 2022.

DIAMONDROCK HOSPITALITY COMPANY REPORTS FOURTH QUARTER AND FULL YEAR 2022 RESULTS

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Despite lingering recession concerns and recent travel disruptions, Hotel REITs have been among the better-performing sectors over the past year, buoyed by steady post-pandemic operating improvement fueling long-awaited dividend resumptions. Several years of pent-up leisure demand helped to offset a sluggish business and group travel recovery. Hotel revenues eclipsed record highs in 2022, but with wide dispersion between markets and segments.

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BETHESDA, Md. , Jan. 11, 2023 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) today provided an update on preliminary results for November and December 2022, showing continued strong revenue growth compared to 2019.

DIAMONDROCK HOSPITALITY ANNOUNCES UPDATE ON RECENT OPERATIONS

DiamondRock Hospitality REIT will likely post a full-year AFFO per share of in excess of $0.90, indicating the stock trades at just 9X AFFO. While that's cheap, it may get even cheaper as DiamondRock has started to buy back its own shares.

DiamondRock Hospitality: Low LTV Ratio Makes 7.6% Yielding Preferreds Appealing

BETHESDA, Md. , Dec. 20, 2022 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) will report financial results for the fourth quarter 2022 on the morning of Tuesday, February 21, 2023, before the market opens.

DIAMONDROCK HOSPITALITY ANNOUNCES FOURTH QUARTER 2022 EARNINGS RELEASE AND CONFERENCE CALL

News for DiamondRock Hospitality Stock (DRH)