Welcome to our dedicated page for Diamondrock Hospitality Co SEC filings (Ticker: DRH), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
DiamondRock Hospitality Company filings document the reporting record of a lodging REIT that owns premium hotels and resorts. Form 8-K disclosures cover quarterly and annual operating results, Regulation FD investor presentations, non-GAAP hotel performance measures, property dispositions, and other material events tied to the company’s hotel portfolio.
The filing record also includes definitive proxy materials for director elections, executive compensation, shareholder voting matters, and board governance. Other disclosures address capital structure items including common stock and 8.250% Series A Cumulative Redeemable Preferred Stock, annual meeting results, exchange-listing status, and formal exhibits filed or furnished with SEC reports.
DiamondRock Hospitality (NYSE: DRH) posted a strong rebound in Q2-25. Three-month net income surged to $41.0 M from $24.6 M (+66%), lifting diluted EPS to $0.18 versus $0.10. Six-month results show $52.9 M net profit, up 60% YoY, despite a modest 0.9% drop in total revenue to $560.6 M. Revenue softness (-1.6% rooms, -0.6% F&B) was offset by lower operating costs and a sharp $20 M reduction in corporate expenses after 2024 executive exits.
Balance-sheet quality improved: debt fell $75 M to $1.02 B and leverage remains low (25.7% vs 60% covenant). The company sold the Westin Washington D.C. City Center for $92 M, repaid two 2025 mortgages, and upsized/extended its unsecured credit facility to $1.5 B; no maturities now occur until 2028. Cash & restricted cash ended at $103.6 M.
DRH repurchased 3.1 M shares for $23.7 M YTD, shrinking outstanding shares to 205.4 M. Common dividends of $0.16 per share and preferred dividends of $0.52 per quarter were paid. Portfolio RevPAR rose a modest 1% to $205.65 on 71.7% occupancy; urban assets like New York outperformed, while several resort properties saw RevPAR declines.
Key takeaways:
- Profitability up sharply on cost controls and asset sale gains.
- De-leveraging and refinanced credit lines remove near-term debt risk.
- Top-line growth remains subdued; RevPAR momentum mixed across hotels.
On 22 Jul 2025 DiamondRock Hospitality (NYSE: DRH) executed a Seventh Amended & Restated Credit Agreement that upsizes its unsecured credit facility from $1.2 bn to $1.5 bn and extends maturities.
- $400 m revolving credit line maturing 21 Jan 2030; two optional 6-month extensions.
- Three term loans totalling $1.1 bn: $500 m due 3 Jan 2028, $300 m due 21 Jan 2029, $300 m due 21 Jan 2030; Term 1 & Term 3 may each be extended twice.
- Accordion feature can lift total commitments to $1.8 bn.
- Pricing unchanged at SOFR +1.35%–2.25%, driven by leverage tiers; unused revolver fee 0.20%–0.25%.
- Covenants remain: max leverage 60%, fixed-charge cover ≥1.5×, secured debt <45% of asset value.
The incremental $300 m fully covers repayment of three mortgage loans maturing in 2025 (≈$291.6 m). After the planned pre-payment of the $166.6 m Westin Boston Seaport loan in Sep-25, DRH will have no debt maturities until Jan-2028 and its hotel portfolio will be entirely unencumbered.
The refinancing bolsters liquidity, cuts near-term refinancing risk and preserves borrowing costs, though drawing the added capacity could lift leverage.