DiamondRock Hospitality Company

DIAMONDROCK HOSPITALITY COMPANY REPORTS THIRD QUARTER 2026 RESULTS

DiamondRock reported Q3 2026 net income of $33.3 million ($0.16/diluted share), up 65.7%, with Adjusted FFO per share of $0.32 up 10.3% and comparable RevPAR up 6.6% to $226.01. The company raised full-year 2026 guidance for a second time: Adjusted EBITDA to $322-$327M (from $310-$320M) and Adjusted FFO per share to $1.24-$1.26 (from $1.18-$1.23), citing strong Q3 results and improved Q4 booking pace. The board raised the quarterly dividend 22% to $0.11 per share with a possible stub dividend in Q4, and the company acquired The Bellmoor Inn & Spa for $31.0 million at an 8.6% cap rate.

•5h ago

DIAMONDROCK HOSPITALITY COMPANY ACQUIRES THE BELLMOOR INN & SPA

DiamondRock Hospitality acquired the fee simple interest in The Bellmoor Inn & Spa, a 79-room luxury resort in Rehoboth Beach, Delaware, for $31.0 million, or roughly $392,000 per key. The deal was funded with cash on hand and prices at a 10.4x trailing Hotel EBITDA multiple and an 8.6% cap rate, with a projected stabilized Hotel NOI yield of about 9.5% after asset management initiatives and off-season capital improvements. The company does not expect the acquisition to materially affect Q4 2026 earnings; the deal is a small bolt-on for a REIT that owns 35 hotels with 9,479 rooms.

•26d ago

DIAMONDROCK HOSPITALITY COMPANY REPORTS SECOND QUARTER 2026 RESULTS

DiamondRock reported Q2 net income of $90.5 million, or $0.44 per share, significantly outpacing the prior year, while Adjusted EBITDA rose 19.2% to $107.9 million driven by 7.0% RevPAR growth and solid expense control. Management raised full-year 2026 guidance, with Adjusted FFO per share now expected to be $1.18 to $1.23, up from the prior range of $1.10 to $1.16, citing better-than-expected results and an improved booking pace. The Board of Directors declared a 22% increase in the quarterly dividend to $0.11 per share and authorized a new $300 million share repurchase program, signaling confidence in cash flow generation.

•3mo ago