DiamondRock Q4 net loss $13.7M; RevPAR up 5.4%; sells Westin DC for $92M

DiamondRock Hospitality Co

2024-FY EPS reported $0.18 revenue$1,129,883,000

Q4 net loss $13.7M ($0.07/diluted share) vs income $8.5M a year ago; includes $32.6M impairment on Westin DC.
Comparable RevPAR $200.46, +5.4% YoY; comparable hotel EBITDA margin up 253 bps to 27.08%.
Full year adjusted FFO per share $1.01, +8.6%; adjusted EBITDA $290.4M, +6.9%.
Sold Westin Washington DC City Center for $92M on Feb 19, 2025; acquired AC Hotel Minneapolis for $30M in Nov 2024.
Declared Q1 2025 dividend $0.08/share; repurchased 3.1M shares at avg $8.33 in 2024.

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