DiamondRock Hospitality Co (DRH) Form 10-Q — Jul 30, 2026
DiamondRock Hospitality reported robust financial results for the six months ended June 30, 2026, with total revenues increasing 2.8% to $576.4 million and net income more than doubling to $105.3 million compared to the prior year. This growth was driven by a 4.7% increase in Revenue Per Available Room (RevPAR) to $215.55 and a significant $31.6 million gain on the sale of the Courtyard New York Manhattan/Fifth Avenue property. The company maintained a conservative balance sheet with $1.1 billion of debt outstanding at a weighted average interest rate of 4.90%, while its entire portfolio remains unencumbered by secured debt.
Key figures
- Eps
- 0.51
- Revenue
- 576448000
- Net Income
- 105291000
- Total Debt
- 1099038000
- Cash Position
- 105980000
- Revenue Growth
- 2.8%
- Ffo six months
- 131081000
- Rev PAR six months
- 215.55
- Gain on sale hotel
- 31600000
- Capex guidance 2026
- $75.0 - $85.0 million
- Adjusted ffo six months
- 137883000
- Rev PAR growth six months
- 4.7%
- Share repurchase authorization
- $300.0 million
Price after filing
Close on the filing date to close N calendar days later (from $13.07). Historical, not a forecast.
AI analysis
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