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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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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Deutsche Bank recently upgraded its price target on the real estate investment trust.

Why Shares of DiamondRock Hospitality Company Are Rising Today

BETHESDA, Md., Feb. 24, 2021 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH), a lodging-focused real estate investment trust that owns a portfolio of 31 premium hotels in the United States, today announced results of operations for the quarter and year ended...

DiamondRock Hospitality Company Reports Fourth Quarter and Full Year 2020 Results

BETHESDA, Md., Jan. 25, 2021 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH), a lodging-focused real estate investment trust that owns a portfolio of 31 premium hotels in the United States, announced today that it further amended the credit agreement for its...

DiamondRock Hospitality Company Successfully Extends Covenant Waiver Period

BETHESDA, Md., Jan. 22, 2021 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) announced today the following tax treatment of its 2020 dividend distributions to the holders of the Company's common and preferred stock. Common Stock (DRH CUSIP # 252784301): Record...

DiamondRock Hospitality Company Announces Tax Treatment Of 2020 Dividends

BETHESDA, Md., Jan. 14, 2021 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) will report financial results for the fourth quarter 2020 on Wednesday, February 24th, 2020 after the market closes. A conference call for investors and other interested parties is...

DiamondRock Hospitality Announces Fourth Quarter 2020 Earnings Release And Conference Call

DiamondRock Hospitality: Dividend Resumption Likely In 2022

BETHESDA, Md., Nov. 30, 2020 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) was named today a Global Listed Sector Leader by the Global Real Estate Sustainability Benchmark ("GRESB"), achieving the top position in the Hotel sector, for its outstanding...

DiamondRock Hospitality Company Recognized As Global Sector Leader By GRESB

DiamondRock Hospitality Company (DRH) CEO Mark Brugger on Q3 2020 Results - Earnings Call Transcript

DiamondRock Hospitality Company's (DRH) CEO Mark Brugger on Q3 2020 Results - Earnings Call Transcript

DiamondRock Hospitality (DRH) delivered FFO and revenue surprises of -37.50% and -10.93%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

DiamondRock Hospitality (DRH) Reports Q3 Loss, Lags Revenue Estimates

BETHESDA, Md., Sept. 30, 2020 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) will report financial results for the third quarter 2020 on Thursday, November 5, 2020 after the market closes. A conference call for investors and other interested parties is...

DiamondRock Hospitality Announces Third Quarter 2020 Earnings Release And Conference Call

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Why DiamondRock Hospitality Stock Jumped Nearly 11% Today

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BETHESDA, Md., Aug. 31, 2020 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) announced today that it has appointed Michael A.

DiamondRock Hospitality Company Appoints Michael A. Hartmeier to Board of Directors

BETHESDA, Md., Aug. 20, 2020 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) today announced it has priced an underwritten public offering of 4,400,000 shares of its 8.250% Series A Cumulative Redeemable Preferred Stock ("Series A Preferred Stock"), liquidation.

DiamondRock Hospitality Company Announces Pricing Of Public Offering Of Its 8.250% Series A Cumulative Redeemable Preferred Stock

DiamondRock Hospitality Company (DRH) CEO Mark Brugger on Q2 2020 Results - Earnings Call Transcript

BETHESDA, Md., Aug. 6, 2020 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH), a lodging-focused real estate investment trust that owns a portfolio of 31 premium hotels in the United States, today announced results of operations for the quarter ended June 30,.

DiamondRock Hospitality Company Reports Second Quarter 2020 Results

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SunTrust analyst throws in the towel on 6 hotel stocks, says sell ahead of earnings

BETHESDA, Md., June 30, 2020 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) announced today that it has refinanced its only material near-term debt obligation by closing on a $48 million mortgage loan secured by the Salt Lake City Marriott Downtown. "This new...

DiamondRock Hospitality Company Completes Refinancing of Salt Lake City Marriott Downtown

DiamondRock (DRH) receives waivers of financial covenants through first-quarter 2021. Post this period, covenants have been relaxed to ease compliance through fourth-quarter 2021.

DiamondRock Obtains Financial Covenant Waivers Through 1Q21

BETHESDA, Md., June 10, 2020 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH), a lodging-focused real estate investment trust that owns a portfolio of 31 premium hotels in the United States, announced today that it successfully finalized an amendment to the...

DiamondRock Hospitality Company Successfully Secures Financial Covenant Waivers For Credit Agreements

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DiamondRock (DRH) in Focus: Stock Moves 7.9% Higher

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News for DiamondRock Hospitality Stock (DRH)