DIAMONDROCK HOSPITALITY COMPANY REPORTS THIRD QUARTER 2026 RESULTS
Key Highlights
- ➤Net income $33.3M, or $0.16 per diluted share, increased 65.7% and 60.0%
- ➤Adjusted FFO per diluted share $0.32, up 10.3% year over year
- ➤2026 guidance raised; Adjusted FFO per share now $1.24 to $1.26
- ➤Bellmoor Inn & Spa acquired for $31.0M at an 8.6% capitalization rate
- ➤Quarterly common dividend increased 22% to $0.11 per share
Expert Statements
Jeffrey J. Donnelly, Chief Executive Officer of DiamondRock Hospitality Company
“We delivered another strong quarter, exceeding our expectations with healthy demand and higher rates across both transient and group segments.”
Jeffrey J. Donnelly, Chief Executive Officer of DiamondRock Hospitality Company
“Combined with the operating efficiencies we have built across the portfolio, that drove outsized Hotel Adjusted EBITDA growth and, importantly, higher free cash flow.”
Jeffrey J. Donnelly, Chief Executive Officer of DiamondRock Hospitality Company
“Given the strength of our third quarter results and our fourth quarter booking pace, we are raising our 2026 guidance again.”
Jeffrey J. Donnelly, Chief Executive Officer of DiamondRock Hospitality Company
“Our growing free cash flow and conservative balance sheet provide us with substantial capacity to invest when we see compelling opportunities.”
Jeffrey J. Donnelly, Chief Executive Officer of DiamondRock Hospitality Company
“We put that capacity to work in October with the acquisition of The Bellmoor Inn & Spa, a leading independent resort in a supply-constrained market.”
Jeffrey J. Donnelly, Chief Executive Officer of DiamondRock Hospitality Company
“The resort was acquired at an attractive initial yield and offers meaningful upside through the DiamondRock platform.”
Jeffrey J. Donnelly, Chief Executive Officer of DiamondRock Hospitality Company
“Looking ahead to 2027, we see a constructive industry backdrop and strong earnings drivers across our portfolio.”
Jeffrey J. Donnelly, Chief Executive Officer of DiamondRock Hospitality Company
“We expect to grow earnings through continued operating execution and the ramp of our recently renovated hotels, while our free cash flow and balance sheet provide significant flexibility to deploy capital at attractive returns.”
Jeffrey J. Donnelly, Chief Executive Officer of DiamondRock Hospitality Company
“That is our flywheel: grow earnings, generate more free cash flow and reinvest that capital at attractive returns to drive further growth.”
DIAMONDROCK HOSPITALITY COMPANY REPORTS THIRD QUARTER 2026 RESULTS PR Newswire
BETHESDA, Md., Nov. 3, 2026 /PRNewswire/ -- DiamondRock Hospitality Company (Nasdaq: DRH) (the "Company"), a lodging real estate investment trust that owns a portfolio of 35 premium hotels and resorts in the United States, today announced results of operations for the quarter ended September 30, 2026.
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