DiamondRock sells NYC Courtyard Marriott for $33M, lowers 2026 guidance

DiamondRock Hospitality Co

Sold leasehold interest in 189-room Courtyard NYC for $33.0M; 13.3% cap rate on 2025 NOI.
Revised FY2026 Adj. EBITDA guidance from $296-$308M to $290.2-$302.2M (down $5.9M).
Adjusted FFO per share guidance reduced by $0.025 to $1.10-$1.16 from $1.12-$1.18.
CEO notes hotel's NOI more than doubled from 2019-2025, but upcoming capex and cost headwinds exceeded returns.

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