secwatch.observer — SEC 8-K summary
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Issuer:     DiamondRock Hospitality Co (DRH)
CIK:        0001298946
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001298946-24-000104
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DiamondRock Q3 net income $26.6M, RevPAR +2.8%; narrows FY RevPAR guidance to 1.5-2.0%
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- Net income $26.6M ($0.11 EPS); RevPAR $214.44 (+2.8% YoY); Hotel Adj. EBITDA $82.3M (+2.2% YoY).
- Adjusted FFO $0.26/sh flat YoY; repurchased 0.7M sh at ~$8.14 for $5.4M in Q3.
- Repaid $73.3M mortgage on Courtyard NY Midtown East; extended $300M term loan to Jan 2026.
- FY RevPAR growth guidance narrowed to 1.5%-2.0%; Adj. EBITDA midpoint reiterated, FFO/sh midpoint raised.
- Hurricanes Helene/Milton caused ~35bps drag on Q3 RevPAR growth; no property damage.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1298946/000129894624000104/0001298946-24-000104-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1298946/000129894624000104/drh-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001298946-24-000104

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