Highest-materiality recent filing
DiamondRock sells NYC Courtyard Marriott for $33M, lowers 2026 guidance
Sold leasehold interest in 189-room Courtyard NYC for $33.0M; 13.3% cap rate on 2025 NOI.
DiamondRock Q1 net income $14.5M (+54%), raises guidance, $300M buyback
Net income $14.5M ($0.07 diluted EPS), up 54.3% YoY; Adjusted FFO $0.22/sh, up 15.8%.
DiamondRock Hospitality furnishes investor deck for March 2026; slides not included in filing
Company filed Form 8-K to make an investor presentation available for meetings.
DiamondRock Q4 net income $23.8M, up 274% YoY; FY Adj FFO $1.08/sh, beats guidance
Q4 net income $23.8M ($0.12 diluted EPS); FY net income $91.6M ($0.44), up 140% YoY.
Chairman William McCarten to retire April 29, 2026; Bruce Wardinski to become non-executive Chairman
William W. McCarten, founder and inaugural CEO, will retire as Chairman at the April 29, 2026 annual meeting.
DiamondRock Hospitality provides investor presentation without specific financial updates in filing
Company furnished a slide presentation for investor meetings on December 8, 2025.
DiamondRock to redeem all 4.76M shares of 8.25% Series A Preferred on Dec 31 for $121.5M
Redeems all 4,760,000 shares of 8.250% Series A Cumulative Redeemable Preferred Stock at $25.00 per share plus accrued dividends.
DiamondRock Hospitality to transfer common stock listing from NYSE to Nasdaq on Dec 1, 2025
Common stock will begin trading on Nasdaq Global Select Market on Dec 1, 2025, under existing symbol DRH.
DiamondRock Q3 net income $20.1M ($0.10/sh), Adj FFO $0.29 (+7.4%), raises FY2025 guidance midpoints
Net income attributable to common $20.1M ($0.10 diluted EPS), down 16.3% YoY; Adj FFO per share $0.29, up 7.4%.
DiamondRock prepays $166.2M Westin Boston mortgage; all debt now unsecured
Prepaid $166.2 million mortgage loan secured by the Westin Boston Seaport District.
DiamondRock Q2 net income up 73.8%; raises 2025 EBITDA and FFO guidance
Net income $38.4M ($0.18 diluted EPS), up 73.8% YoY.
DiamondRock upsizes credit facility to $1.5B, extends maturities, repays mortgage loans
Credit facility increased from $1.2B to $1.5B; includes $400M revolver and $1.1B in term loans.
DiamondRock Q1 net income up 59% to $9.4M; RevPAR +2.0%; lowers full-year top line outlook
Net income attributable to common stockholders $9.4M ($0.04 diluted EPS), up 59.3% vs Q1 2024.
DiamondRock Hospitality amends credit agreement to remove mandatory prepayment requirements
Second Amendment effective March 27, 2025 removes certain mandatory prepayment requirements from the credit agreement.
DiamondRock Hospitality furnishes March 2025 investor presentation
Company filed Form 8-K furnishing an updated investor presentation under Item 7.01.
DiamondRock Q4 net loss $13.7M; RevPAR up 5.4%; sells Westin DC for $92M
Q4 net loss $13.7M ($0.07/diluted share) vs income $8.5M a year ago; includes $32.6M impairment on Westin DC.
DiamondRock sells Westin Washington D.C. City Center for $92M; 11.2x EBITDA multiple
Sold 410-room Westin Washington D.C. City Center for $92.0M on Feb 19, 2025.
DiamondRock Hospitality appoints Stephanie Lepori to Board of Directors
Board expanded from eight to nine members; Lepori appointed effective Jan 15, 2025.
DiamondRock acquires AC Hotel Minneapolis Downtown for $30M; 8.2% cap rate on 2024 NOI
Purchase price $30M (~$122k/key) for 245-room fee simple hotel, paid with cash on hand.
DiamondRock Q3 net income $26.6M, RevPAR +2.8%; narrows FY RevPAR guidance to 1.5-2.0%
Net income $26.6M ($0.11 EPS); RevPAR $214.44 (+2.8% YoY); Hotel Adj. EBITDA $82.3M (+2.2% YoY).
DiamondRock furnishes September 2024 investor presentation; content not detailed in filing
Presentation intended for investor meetings; no specific financial data or guidance provided in the exhibit.
DiamondRock Hospitality files new $200M ATM equity program, replacing prior August 2024 program
Filed shelf registration and $200M at-the-market equity offering program, replacing prior program expiring August 6, 2024.
DiamondRock Q2 2024: Adj. FFO $0.34, RevPAR up 2.2%, raises FY guidance
Net income $24.6M ($0.10/diluted); comparable total revenues $309.3M (+4.8% YoY).
DiamondRock Hospitality EVP/General Counsel William Tennis to retire June 30, 2024
EVP, General Counsel & Corporate Secretary William Tennis retires June 30, 2024; provides consulting through Dec 31, 2024.
CEO Mark Brugger and CIO Troy Furbay finalize severance; lump-sum payments total $9M+
Brugger receives $6.885M severance, $418,497 pro-rata bonus, $3.5M in lieu of 2024 equity.
DiamondRock promotes Stephen Spierto to CAO, hires Anika Fischer as General Counsel
Stephen Spierto, age 34, promoted to Chief Accounting Officer effective May 15, 2024; previously VP and Corporate Controller.
DiamondRock Q1 net income $8.4M; raises FY guidance; CEO Donnelly appointed
Net income $8.4M ($0.03 EPS); comparable total revenues $256.4M (+3.8% YoY).
On January 13, 2025, the Board of Directors (the “Board”) of DiamondRock Hospitality Company (the “Company”) increased the size of the Board from eight to nine members and appointed Ms. Stephanie Lepori to the Board, effective January 15, 2025.
On May 31, 2024, DiamondRock Hospitality Company (the “Company”) entered into a retirement agreement with William J. Tennis (the “Retirement Agreement”) in connection with the previously announced retirement of Mr. Tennis as Executive Vice President, General Counsel and Corporate Secretary of the Company, effective as of June 30, 2024
The Board of Directors of DiamondRock Hospitality Company (the “Company”) appointed Stephen Spierto to the position of Chief Accounting Officer, effective as of May 15, 2024.
In connection with and effective as of Mr. Spierto’s appointment as Chief Accounting Officer, Briony R. Quinn, the Company’s Executive Vice President, Chief Financial Officer and Treasurer, will no longer serve as principal accounting officer.
Effective as of May 2, 2024, the Board approved an increase in the size of the Board from seven members to eight members and unanimously appointed Jeffrey J. Donnelly, the Company’s Chief Executive Officer, to fill the newly created vacancy.
Max materiality 0.75 · Median 0.60 · Most common event earnings