Diamondrock Hospitality Co Stock Price, News & Analysis

DiamondRock Hospitality Company (NYSE: DRH) will announce its third-quarter 2022 financial results on November 3, 2022, after market close. A conference call for investors is scheduled for November 4, 2022, at 9:00 a.m. ET. Investors can access the call via a registered link and through the company’s website. DiamondRock owns 34 hotels with over 9,500 rooms, focusing on leisure destinations and top gateway markets. For more details, visit www.drhc.com.

DiamondRock Hospitality Company (NYSE: DRH) reported record revenues of $279.4 million for Q2 2022, marking an 89.4% increase from 2021. Net income reached $52.7 million, translating to earnings per diluted share of $0.23. Comparable RevPAR soared to $222.70, up 87.1% year-over-year. The company reinstated a quarterly cash dividend of $0.03 per share. DiamondRock also acquired Kimpton Fort Lauderdale Beach Resort for $35.3 million in April 2022 and is in compliance with all financial covenants.

DiamondRock Hospitality Company (NYSE: DRH) announced an update on its operations as of July 26, 2022. The company owns 34 premium hotels with over 9,500 rooms, strategically situated in key leisure destinations and gateway markets. The report highlights the company's portfolio diversified across global brands and unique boutique hotels. Investors can access more detailed operational trends by visiting their investor relations page. For comprehensive information about the company's offerings and performance, the public is directed to visit their official website.

DiamondRock Hospitality Company (NYSE: DRH) will release its second quarter 2022 financial results on August 3, 2022, post-market. A conference call, originally set for 9:00 a.m. ET, has been moved to noon ET on August 4, 2022. Details for participating in the call are available on the Company's Investor Relations page. DiamondRock operates a portfolio of 34 hotels with over 9,500 rooms, focused on leisure destinations and gateway markets, with operations under leading brands and boutique hotels.

DiamondRock Hospitality Company (NYSE: DRH) announced the appointment of Justin Leonard as Executive Vice President and Chief Operating Officer, effective July 18, 2022. Leonard brings 20 years of experience from Walton Street Capital, where he managed assets of 60 hotels totaling over 20,000 rooms. His expertise is expected to enhance the company's asset management and operational strategies. CEO Mark W. Brugger expressed confidence in Leonard’s ability to drive value and elevate the company’s performance in the lodging sector.

DiamondRock Hospitality Company (NYSE: DRH) will release its second-quarter 2022 financial results on August 3, 2022, after market close. A conference call for investors is set for August 4, 2022, at 9:00 a.m. ET. The earnings release will be accessible in the Investor Relations section of the Company's website. DiamondRock operates hotels in prime leisure and gateway markets, owning 34 hotels with over 9,500 rooms.

DiamondRock Hospitality Company (NYSE: DRH) announced a dividend of $0.515625 per share on its 8.250% Series A Cumulative Redeemable Preferred Stock. The dividend is set to be paid on June 30, 2022, to shareholders of record as of June 17, 2022. The company operates a diverse portfolio of 34 hotels, totaling over 9,500 rooms, focused on leisure destinations and key markets, enhancing its market presence as a significant real estate investment trust (REIT).

DiamondRock Hospitality Company (NYSE: DRH) has announced the acquisition of the Kimpton Fort Lauderdale Beach Resort for $35.3 million. This boutique resort features 96 rooms and a dedicated beachfront area. The purchase, completed on April 1, 2022, is expected to generate synergies through management by HEI Hotels & Resorts, which oversees a nearby property. The company anticipates a rapid ramp-up of the resort’s performance, aiming for a stabilized yield exceeding 8%. This acquisition brings DiamondRock's portfolio to 14 resorts.

DiamondRock Hospitality Company (NYSE: DRH) announced robust first-quarter results for 2022, featuring a net income of $10.1 million and a 128.1% increase in comparable revenues to $197.3 million. Comparable Hotel Adjusted EBITDA surpassed pre-pandemic levels at $51.1 million, up from $2.2 million in 2021. The company acquired Kimpton Fort Lauderdale Beach Resort for $35.3 million and expects full-year revenues to meet or exceed 2019 figures. A quarterly common dividend is projected to resume in Q3 2022.