DiamondRock raises 2026 EBITDA/FFO guidance; Q3 RevPAR trending up mid-single digits

DiamondRock Hospitality Co

Raised 2026 Adjusted EBITDA guidance to $310-320M (midpoint $315M) from $290.2-302.2M; Adjusted FFO/sh to $1.18-1.23 from $1.10-1.16.
Q3 RevPAR and Total RevPAR trending up mid-single digits; July and August ahead of expectations on strong transient and group pickup.
Portfolio: 34 hotels, 9,400 rooms across 26 markets; 58% EBITDA from luxury/lifestyle resorts.
Capital recycling: sold Westin DC for $92M at 7% cap rate; invested $30M in AC Minneapolis, $63M share repurchases, $25M Sedona ROI with 20% stabilized yield.
Balance sheet: no debt maturities until Jan 2029, weighted avg interest rate 4.9% as of Q2 2026, $1.5B revolver.

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