secwatch.observer — SEC 8-K summary
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Issuer:     DiamondRock Hospitality Co (DRH)
CIK:        0001298946
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001298946-24-000091
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DiamondRock Q2 2024: Adj. FFO $0.34, RevPAR up 2.2%, raises FY guidance
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- Net income $24.6M ($0.10/diluted); comparable total revenues $309.3M (+4.8% YoY).
- Comparable Hotel Adj. EBITDA $99.5M (+5.5%); Adj. FFO $0.34/diluted.
- Raised FY2024 Adj. FFO guidance to $0.95-$1.00/share; Adj. EBITDA to $278M-$290M.
- Repurchased 2.5M shares at $8.39 avg in Q2; YTD 2.8M shares for ~$23.5M.
- Completed rebranding of Hilton Burlington to Hotel Champlain Burlington, Curio Collection.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1298946/000129894624000091/0001298946-24-000091-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1298946/000129894624000091/drh-20240801.htm
  HTML page:      https://secwatch.observer/filing/0001298946-24-000091

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer