secwatch.observer — SEC 8-K summary
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Issuer:     DiamondRock Hospitality Co (DRH)
CIK:        0001298946
Form:       8-K
Filed at:   2026-05-04T23:59:59+00:00
Accession:  0001298946-26-000030
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1298946/000129894626000030/0001298946-26-000030-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1298946/000129894626000030/drh-20260501.htm
  HTML page:      https://secwatch.observer/filing/0001298946-26-000030

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