DRH - DiamondRock Hospitality FFO of $0.14 beats by $0.07 revenue of $196.8M beats by $17.44M

DiamondRock Hospitality press release (NYSE:DRH): Q1 FFO of $0.14 beats by $0.07. Revenue of $196.8M (+170.0% Y/Y) beats by $17.44M. Expects FY22 hotel revenues to meet or exceed 2019; common dividend expected to resume in Q3 of 2022. Comparable RevPAR was $155.76, a 122.3% increase over 2021 and a 3.5% decline from 2019. Comparable Hotel Adjusted EBITDA was $51.1M, which exceeded the comparable period of 2019 by 0.2%. April Comparable RevPAR was $211.48, a 4.8% increase over 2019.

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DiamondRock Hospitality FFO of $0.14 beats by $0.07, revenue of $196.8M beats by $17.44M