DRH - DiamondRock Hospitality Company (DRH) Q1 2024 Earnings Call Transcript
2024-05-03 13:23:10 ET
DiamondRock Hospitality Company (DRH)
Q1 2024 Earnings Conference Call
May 3, 2024 09:00 AM ET
Company Participants
Briony Quinn - Executive Vice President and Chief Financial Officer
Jeff Donnelly - Chief Executive Officer
Justin Leonard - President and Chief Operating Officer
Conference Call Participants
Dori Kesten - Wells Fargo
Austin Wurschmidt - KeyBanc Capital Markets
Duane Pfennigwerth - Evercore ISI
Anthony Powell - Barclays
Smedes Rose - Citi
Dany Asad - Bank of America
Michael Bellisario - Baird
Floris van Dijkum - Compass Point LLC.
Chris Darling - Green Street
Stephen Grambling - Morgan Stanley
Chris Woronka - Deutsche Bank
Bill Crow - Raymond James
Presentation
Operator
Good day, and thank you for standing by. Welcome to the DiamondRock Hospitality Company's First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your speaker today, Briony Quinn, Executive Vice President and Chief Financial Officer. Please go ahead.
Briony Quinn
Thank you, Michelle. Good morning, everyone. Welcome to DiamondRock's first quarter 2024 earnings call and webcast. Joining me today are Jeff Donnelly, our Chief Executive Officer; and Justin Leonard, our President and Chief Operating Officer.
Before we begin, let me remind everyone that many of our comments today are not historical facts and are considered to be forward-looking statements under federal securities laws. As described in our filings with the SEC, these statements are subject to numerous risks and uncertainties that could cause future results to differ materially from what we discuss today.
In addition on today's call, we will discuss certain non-GAAP financial information. A reconciliation of this information to the most directly comparable GAAP financial measure can be found in our earnings press release.
With that, I'm pleased to turn the call over to Jeff.
Jeff Donnelly
Good morning, and thank you for joining us. Before we discuss our first quarter results, I'd like to briefly highlight the leadership and organizational changes we announced last month. As you saw from today's earnings release, DiamondRock's strong performance is continuing into 2024. Our new leadership appointments and organizational structure position us to build on the momentum we are seeing. We have outstanding talent across the organization and we are now able to tap into that talent in a deeper way.
I am honored to lead DiamondRock as CEO and excited by the opportunity to leverage my experience in this new role. Justin's promotion to President underscores both his contributions to DiamondRock and his deep industry expertise. For those of you who haven't had the chance to meet Justin, he is perhaps the sharpest and most talented hotel investment professional I've met and I'm proud he's on our team. In addition to continuing his responsibilities as Chief Operating Officer, Justin will be assuming responsibilities for transactions as well....
DiamondRock Hospitality Company (DRH) Q1 2024 Earnings Call Transcript