DRH News and Press, Diamondrock Hospitality Company From 05/05/22

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...

DiamondRock Hospitality (NYSE:DRH) said Thursday it acquired a fee-simple interest in The Kimpton Fort Lauderdale Beach Resort for $35.3M or $367.7K/key. The property is a boutique lifestyle beach resort in Fort Lauderdale, Florida. The resort will be operated by HEI Hotels & Resorts unde...

DIAMONDROCK ACQUIRES KIMPTON FORT LAUDERDALE BEACH RESORT PR Newswire SIGNIFICANT VALUE CREATION OPPORTUNITIES IN OPERATIONS & SYNERGIES BETHESDA, Md. , May 5, 2022 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company" or "Diamond...

DIAMONDROCK HOSPITALITY COMPANY REPORTS FIRST QUARTER RESULTS PR Newswire Hotel Adjusted EBITDA Exceeds 2019 Acquires Kimpton Fort Lauderdale Beach Resort Expects Full Year 2022 Hotel Revenues to Meet or Exceed 2019 C...

Business travel has been a persistent sore spot for hotels and airlines throughout the pandemic. However, Baird is now betting that the trend is beginning to turn as travel emerges from a long COVID-induced winter. “Large technology, financial services firms have begun their return to ...

Shares of hotel stocks had a great week this week as economic and inflation news played into the industry's strengths. High-capital-expense businesses like hotels could be among the few beneficiaries of higher inflation, and investors were bidding up the industry as a result. Accord...

DIAMONDROCK HOSPITALITY ANNOUNCES FIRST QUARTER 2022 EARNINGS RELEASE AND CONFERENCE CALL PR Newswire BETHESDA, Md. , April 5, 2022 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) will report financial results for the first qua...

DiamondRock Hospitality Company (NYSE:DRH) announced that Executive Vice President and Chief Operating Officer Thomas G. Healy is stepping down, effective April 15, 2022, to pursue new opportunities. Mr. Healy's responsibilities for overseeing asset management and redevelopment projects will ...

DIAMONDROCK HOSPITALITY ANNOUNCES RESIGNATION OF CHIEF OPERATING OFFICER THOMAS HEALY PR Newswire BETHESDA, Md. , March 30, 2022 /PRNewswire/ -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) today announced that Executive Vice President and ...

Hotel REITs - one of just three property sectors in positive-territory this year - entered 2022 with positive fundamental momentum and reasons for cautious optimism following four-straight years of underperformance. Spring Break is back - for some, at least. Sunbelt and leisure-focuse...