Highest-materiality recent filing
DiamondRock Q2 net income $90.5M, EPS $0.44; raises dividend 22% and full-year guidance
Net income $90.5M ($0.44 diluted EPS), up 135.7% YoY; Adjusted FFO per share $0.44, up 25.7%.
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 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.
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 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 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 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 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).
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 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).
DiamondRock appoints Donnelly as CEO, Quinn as CFO, simplifies exec team; reaffirms 2024 guidance
Jeffrey Donnelly (formerly EVP/CFO) becomes CEO effective April 15, 2024; Mark Brugger departs after 20 years.
DiamondRock acquires Chico Hot Springs Resort in Montana for $33M
Purchase price $33M: $27M for 117-room resort (8.1% cap rate on 2022 NOI) and $6M for adjacent 595-acre ranch.
DiamondRock Q1 net income $9.2M; comparable revenues up 18% YoY to $240.4M
Net income $9.2M ($0.03 diluted EPS); Adjusted FFO $38.0M ($0.18 per diluted share).
DiamondRock preliminary FY2022 comparable revenue up 56.3% YoY; owned revenue exceeds $1B
Preliminary Q4 2022 comparable revenue up 23.4% vs 2021 and 8.5% vs 2019.
DiamondRock Hospitality Q3 RevPAR up 8.7% vs 2019; September RevPAR up 9.8%
September RevPAR grew 43.5% vs 2021 and 9.8% vs 2019; comparable total revenues $93.4M, +12.5% vs 2019.
DiamondRock Hospitality authorizes $200 million share repurchase program
Board approved repurchase of up to $200M of common stock through February 28, 2025.
DiamondRock completes $1.2B refinancing, extends debt maturities to 2026-2028
New $400M revolver (maturing Sept 2027 with two six-month extensions) and $800M in term loans ($300M due Jan 2026, $500M Jan 2028).
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.
the departure of Mark W. Brugger as President and Chief Executive Officer of the Company
the appointment of Justin L. Leonard as President of the Company
the departure of Troy G. Furbay as Executive Vice President and Chief Investment Officer of the Company
the appointment of Briony R. Quinn as Executive Vice President, Chief Financial Officer and Treasurer of the Company
the appointment of Jeffrey J. Donnelly as Chief Executive Officer of the Company
On March 19, 2024, Bill Tennis notified DiamondRock Hospitality Company (the “Company”) that he would be retiring from his position as the Company’s Executive Vice President, General Counsel and Corporate Secretary, effective as of June 30, 2024.
On July 13, 2022, DiamondRock Hospitality Company (the “Company”) announced the appointment of Justin L. Leonard, age 44, as the Company’s Executive Vice President and Chief Operating Officer, effective July 18, 2022.
Max materiality 0.85 · Median 0.53 · Most common event earnings