secwatch.observer — SEC 8-K summary
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Issuer:     DiamondRock Hospitality Co (DRH)
CIK:        0001298946
Form:       8-K
Filed at:   2026-09-10T11:30:57+00:00
Accession:  0001298946-26-000041
Event type: other_material
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1298946/000129894626000041/0001298946-26-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1298946/000129894626000041/drh-20260910.htm
  HTML page:      https://secwatch.observer/filing/0001298946-26-000041

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