Diamondrock Hospitality Co Stock Price, News & Analysis

DiamondRock Hospitality Company (NYSE:DRH) amended and restated its senior unsecured credit facility, increasing capacity from $1.2 billion to $1.5 billion and extending maturities.

The Credit Facility now includes a $400M revolver maturing January 2031 (two six-month extension options), a $500M term loan maturing January 2029 (two six-month extensions), and two $300M term loans maturing January 2030 (one of which has two six-month extensions). Term loans are prepayable without penalty.

The company will use the incremental $300M to repay mortgage loans that matured or will mature in 2025, including the prior repayment of ~$125.0M in mortgages and a planned $166.6M prepayment in September 2025. After these actions, DiamondRock expects no debt maturities until January 2028 and a portfolio free of secured debt.

DiamondRock Hospitality (NYSE: DRH) has scheduled its third quarter 2025 earnings release and conference call. The company will release its financial results on Thursday, November 6, 2025 after market close, followed by a conference call on Friday, November 7, 2025, at 9:00 a.m. ET.

Participants can access the call through telephone and internet by registering via the provided link or visiting the investor relations website. A replay will be available on the company's website two hours after the live call.

DiamondRock Hospitality (NYSE:DRH), a lodging REIT owning 36 premium hotels in the US, reported Q2 2025 results with net income of $38.4 million ($0.18 per share), up 73.8% year-over-year. The company achieved comparable RevPAR of $226.95 (+0.1% YoY) and Total RevPAR of $350.00 (+1.1% YoY).

Key developments include completing a $1.5 billion refinancing of its senior unsecured credit facility with no debt maturities until 2028, and the repurchase of 3.6 million shares year-to-date at an average price of $7.64. The company increased its 2025 guidance midpoint for Adjusted EBITDA to $275-295 million and maintained Adjusted FFO per share guidance of $0.96-1.06.

DiamondRock Hospitality Company (NYSE: DRH) has scheduled its second quarter 2025 earnings release and conference call. The company will release its financial results on Thursday, August 7, 2025 after market close, followed by a conference call on Friday, August 8, 2025, at 9:00 a.m. ET to discuss the results and business outlook.

Participants can access the call via telephone and internet by registering through the provided link or visiting investor.drhc.com. A replay will be available on the company's website two hours after the call concludes.

DiamondRock Hospitality Company (NYSE: DRH) reported its Q1 2025 results with mixed performance. Net income rose 59.3% to $9.4 million ($0.04 per share). Comparable RevPAR increased 2.0% to $186.20, while Comparable Hotel Adjusted EBITDA grew 2.2% to $61.3 million. The company completed the sale of Westin Washington D.C. City Center for $92.0 million and repurchased 2.1 million shares at $7.66 per share ($15.9 million total). Due to macroeconomic uncertainty, DRH revised its 2025 guidance, lowering RevPAR growth expectations by 200 basis points to -1.0% to 1.0%, though maintaining Adjusted FFO per share guidance at $0.94-$1.06. The company declared a quarterly dividend of $0.08 per common share.

DiamondRock Hospitality Company (NYSE: DRH) has scheduled its first quarter 2025 earnings release and conference call. The company will disclose its Q1 2025 financial results after market hours on Thursday, May 1, 2025, followed by a conference call on Friday, May 2, 2025 at 11:00 a.m. ET.

Interested participants can access the call details through a registration link available on the company's investor relations website. A replay of the conference call will be accessible on www.drhc.com for a time, starting two hours after the live call concludes.

DiamondRock Hospitality Company (NYSE: DRH) reported its Q4 and full year 2024 results, with Q4 showing a net loss of $13.7 million. The company experienced positive operational metrics with Q4 comparable revenues increasing 5.7% to $280.5 million and RevPAR growing 5.4% to $200.46.

Key 2024 highlights include net income of $38.2 million, comparable revenues of $1.1 billion (+4.3% YoY), and Adjusted FFO per share of $1.01 (+8.6%). The company completed several strategic moves, including acquiring AC Hotel Minneapolis Downtown for $30 million and selling Westin Washington D.C. City Center for $92 million.

Notable developments include the completion of Hotel Champlain Burlington rebranding, repayment of a $73.3 million mortgage loan, and share repurchases of 3.1 million shares at $8.33 per share. The company declared a Q1 2025 dividend of $0.08 per share and maintains $584.3 million in liquidity.

DiamondRock Hospitality Company (NYSE: DRH) has completed the sale of the 410-room Westin Washington, D.C. City Center for $92.0 million on February 19, 2025. The transaction represents significant metrics:

- 11.2x multiple on 2024 Hotel EBITDA
- 7.5% capitalization rate on 2024 Hotel net operating income
- 5.6% cap rate including projected capital expenditures

Excluding one-time property tax credit and temporary franchise fee discounts received in 2024, the metrics adjust to:
- 11.9x multiple on 2024 Hotel EBITDA
- 7.0% capitalization rate on net operating income
- 5.2% cap rate including projected capital expenditures

DiamondRock Hospitality Company (NYSE: DRH) has released the tax treatment details for its 2024 dividend distributions for both common and Series A preferred stockholders. For common stock, the company paid quarterly dividends of $0.03 per share for the first three quarters, followed by an increased dividend of $0.23 per share in the fourth quarter. The total common stock dividend for 2024 was $0.32 per share.

For Series A preferred stock, DRH maintained consistent quarterly payments of $0.515625 per share throughout 2024, totaling $2.0625 per share annually. All distributions for both common and preferred shares qualify as ordinary dividends and Section 199A dividends for tax purposes.